Rajiv Gandhi Equity Savings Scheme(RGESS) Liberalised
Posted Date : 28-Feb-2013 , 01:32:31 pm | Posted By CASANSAAR
The Finance Bill 2013-14 proposes liberalisation of the Rajiv Gandhi Equity Savings Scheme(RGESS) that was launched in FY 2012-13. The first time investors will now be allowed to invest in mutual funds as well as listed shares.
This investment can be done not in one year alone, but in thre...
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Banks to be infused with Rs 14,000 Crore Capital to meet basel III Norms-Financial inclusion on Bank Agenda
Posted Date : 28-Feb-2013 , 01:30:48 pm | Posted By CASANSAAR
The Finance Minister Shri P.Chidambaram has taken steps in the budget to ensure adequate capitalization of the public sector banks. The Public sector banks will be provided with an infusion of Rs 14,000 crore additional capital in 2013-14 budget estimates to enable them to meet the BASELIII norms.He...
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Budget |
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New Measures for Welfare of SC/ST, Women and Minorities
Posted Date : 28-Feb-2013 , 01:28:52 pm | Posted By CASANSAAR
Sharing the concerns of the Members of the House for the welfare of the scheduled castes and the scheduled tribes, the Finance Minister Shri P.Chidambaram announced that the Budget has sub plans for them and reiterated that the funds allocated to the sub plans cannot be diverted and must be spent fo...
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Rs. 5,87,082 Crore for States/ UTs under Tax Share, Non-Plan Grants, Loans and Central Assistance
Posted Date : 28-Feb-2013 , 01:25:36 pm | Posted By CASANSAAR
The Government is expected to transfer resources to the tune of Rs. 5,87,082 crore for States/ UTs under share of taxes, non-plan grants, loans and central assistance. Announcing this in Lok Sabha today while presenting the Budget 2013-14, the Finance Minister Shri P. Chidambaram said that central f...
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Direct Benefit Transfer Scheme to be Rolled out throughout the Country: Government Ensures
Posted Date : 28-Feb-2013 , 01:23:57 pm | Posted By CASANSAAR
February 28, 2013 Government is determined to plug in the leakages in the implementation of developmental programmes meant for the poor and the deprived of the country. To achieve this, the Government, which made a modest and cautious beginning on the 1st January, 2013, has announced rolling out of ...
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Government Pledges to Empower Women and Keep them Safe and Secure : Nirbhaya Fund of Rs. 1,000 Crores Announced
Posted Date : 28-Feb-2013 , 01:23:09 pm | Posted By CASANSAAR
Government has taken a number of initiatives and steps supporting such initiatives being taken by non-government organizations to ensure the dignity and safety of women. In the backdrop of incidences of violence against women which challenges liberal and progressive credentials of our country, the F...
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Union Budget 2013 - Live Updates
Posted Date : 28-Feb-2013 , 12:50:33 pm | Posted By CASANSAAR
Chidambaram closes with a Vivekananda quote, informing the House that all that was needed to do something is the will to do it.
"We are the 10th largest economy in the world. By 20176 we could become the 7th. By 2021 we could become a $ 5 trillion economy and in the top five. We could becom...
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Union Budget 2013 - Watch Live Telecast Online on casansaar.com
Posted Date : 28-Feb-2013 , 11:06:01 am | Posted By CASANSAAR
Hon'ble Finance Minister's Presentation of Union Budget in the Parliament on 28th Feb 2013 at 11:00 AM IST.
Watch Live Telecast of Union Budget 2013 at 11.00 AM IST.
Wait HERE for Live Telecast
...
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Finance Minister P Chidambaram to present Union Budget 2013-14 in Parliament today
Posted Date : 28-Feb-2013 , 08:25:17 am | Posted By CASANSAAR
UPA-II's last Budget may offer some sops to salary earners and households as Finance Minister P Chidambaram on Thursday will look to balance the compulsions of growth and fiscal prudence with election year politics.
The biggest challenge before Chidambaram, who will be presenting his eighth budget,...
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Summary of Economic Survey for 2013-14
Posted Date : 28-Feb-2013 , 07:43:12 am | Posted By CASANSAAR
More than 6 Per Cent Growth Forecast for Next Fiscal Considerable Enhancement for Social Sector Spending India on Verge of Creating Quality Jobs to Seize ‘Demographic Dividend’
Indian economy is likely to grow between 6.1% to 6.7% in 2013-14 as the downturn is ...
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Finance Ministry sends IKEA's FDI proposal to Cabinet for final approval
Posted Date : 27-Feb-2013 , 07:08:42 pm | Posted By CASANSAAR
After clearing the IKEA's Rs. 10,500 crore FDI proposal, the Finance Ministry today said it has now forwarded the investment plans of Swedish furniture major to set up single-brand retail stores to the Cabinet Committee on Economic Affairs (CCEA) for final approval.
"One proposal (of) M/s...
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Finance |
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IRCTC fined Rs 10 lakh for selling soft drinks above MRP
Posted Date : 27-Feb-2013 , 04:36:18 pm | Posted By CASANSAAR
Indian Railway Catering and Tourism Corporation (IRCTC) has been slapped with a fine of Rs 10 lakh by a consumer forum here for selling soft drinks above the maximum retail price (MRP) to two customers.
The New Delhi District Consumer Disputes Redressal Forum imposed “punitive compens...
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General |
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Get Ready for new Jobs at banking industry - Banks to give hikes in order to avoid poaching from new Banks.
Posted Date : 27-Feb-2013 , 03:05:12 pm | Posted By CASANSAAR
Middle and lower level management staff at lenders such as ICICI Bank, HDFC Bank, and IndusInd Bank are probably in for sweet pay increases this year as human resource managers strategise to ward off poaching by new banks.
The advent of new banks for the first time in ni...
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Banking |
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TCS to pay $30 million to settle employee class action suit in US
Posted Date : 27-Feb-2013 , 02:09:09 pm | Posted By CASANSAAR
Tata Consultancy Services (TCS) will pay $30 million (Rs 163 crore) to settle a sevenyear-old case in the US filed by two former employees, making it the largest employee class action suit settlement by any Indian company. Besides TCS, the case — originally filed in 2006 in Californ...
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International Business |
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Announcement regarding Applicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports
Posted Date : 27-Feb-2013 , 02:02:49 pm | Posted By CASANSAAR
ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERSApplicability of the Revised Audit Report Formats (including for bank/ bank branch audit reports) and Reporting in respect of Memorandum of Changes in Bank Audit Reports
1. Members are requested to note that the audit report...
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ICAI |
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Budget 2013: 10 things to expect from Economic Survey
Posted Date : 27-Feb-2013 , 08:14:09 am | Posted By CASANSAAR
1. Economic growth: Once considered a rising star in Asia, the Indian economy has lost its shine in recent years. Preliminary estimates released earlier this month by the Central Statistics Office of the government showed growth dwindled to an annual 5 per cent rate in the current fiscal year t...
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SEBI Amendment bill introduced in Rajya Sabha
Posted Date : 27-Feb-2013 , 08:05:37 am | Posted By CASANSAAR
A bill to amend the SEBI Act to replace the recent Ordinance to widen existing norms related to selection of the presiding officer of Securities Appellate Tribunal (SAT) was introduced in Parliament today. The SEBI Amendment Ordinance 2013 was promulgated on January 21 in th...
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SEBI |
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Public Accounts Committee pulls up finance ministry for paying interests on income-tax refunds
Posted Date : 27-Feb-2013 , 08:01:34 am | Posted By CASANSAAR
The Public Accounts Committee has pulled up the finance ministry for paying interests on income-tax refunds without Parliament approval. The government has refunded Rs 37,365 crore in the last five years as interest, apart from tax refunds. "Parliamentary supervisi...
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Income Tax |
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Committee on CST recommends settling previous claims
Posted Date : 26-Feb-2013 , 08:56:10 pm | Posted By CASANSAAR
A committee has recommended that individual states' central sales tax (CST) compensation claims of earlier years be settled on case to case basis at the earliest to pave way for smooth rollout of GST.
"The Committee has recommended that all unsettled CST compensation cases of individual states of e...
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VAT |
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Realtors, brokerages free to run banks if they meet norms: RBI
Posted Date : 26-Feb-2013 , 05:25:19 pm | Posted By CASANSAAR
Reserve Bank Deputy Governor KC Chakrabarty today said the RBI is open to let realty and brokerages run banks if they meet the "fit and proper criteria" as detailed in the final guidelines.
"These are all legitimate businesses...if they can demonstrate that they satisfy all the requirements...
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Banking |
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Highlights of Railway Budget 2013-14
Posted Date : 26-Feb-2013 , 03:03:10 pm | Posted By CASANSAAR
67 new Express trains to be introduced
26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced
Run of 57 trains to be extended
Frequency of 24 trains to be increased
First AC EMU rake to be introduced on Mumbai suburban network i...
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Marginal Increase in Some Charges; Enhanced Reservation Fee Abolished
Posted Date : 26-Feb-2013 , 02:57:45 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has announced to effect marginal increase in some charges which are in the form of compensation for cost actually incurred by Railways in rendering relevant services. While presenting Railway Budget for 2013-14 in Parliament today he said that th...
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Gross Traffic Receipts In 2013-14 Likely To Rise by Rs 18062 Crore Year 2013-14 To See Balance of Rs 12506 Crore
Posted Date : 26-Feb-2013 , 02:57:14 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has said that a target of 1047 MT of revenue earning originating traffic has been kept for 2013-14, which is about 40 MT more than the current year. The freight earnings target has accordingly been set at Rs 93,554 crore, a growth of 9%. The numb...
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Outlay of Rs. 63,363 Crore Proposed in Rail Budget Operating Efficiency Likely to Improve to 87.8%
Posted Date : 26-Feb-2013 , 02:54:49 pm | Posted By CASANSAAR
An outlay Rs. 63,363 crore has been proposed for 2013-14 rail budget which will be financed through Gross Budgetary Support of Rs. 26,000 crore, Railway’s Share in Road Safety Fund of Rs. 2,000 crore and internal resources of Rs. 14,260 crore. Highlighting the importance of financially su...
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1.52 Lakh Vacancies in Railways to Be Filled up this Year
Posted Date : 26-Feb-2013 , 02:42:33 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has announced that the Ministry of Railways will make concerted efforts to fill up approximately 1.52 lakh vacancies this year. While presenting Railways Budget for 2013-14 in Parliament today, he said that it is a measure of popularity of Railways as...
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Budget |
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67 New Express and 26 Passenger Trains to be Introduced
Posted Date : 26-Feb-2013 , 02:38:29 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has announced the introduction of 67 new Express trains, 26 passenger trains, 5 MEMU services and 8 DEMU services while presenting the Railway Budget 2013-14 in Parliament today:-
Express trains
1. &...
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Educational Tourist Train
Posted Date : 26-Feb-2013 , 02:35:55 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has said that he proposes to run an educational tourist train called ‘Azadi Express’ to enable youth of the country to travel to important places connected with the freedom movement. He said, the train will be made attractive and affordabl...
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Railway to Introduce Next Generation E-Ticketing System
Posted Date : 26-Feb-2013 , 02:34:56 pm | Posted By CASANSAAR
The Minister of Railways Shri Pawan Kumar Bansal has that his Ministry will put in place a Next Generation e-ticketing system to bring about a paradigm shift in internet rail ticketing. Presenting the Railway Budget for 2013-14 in Parliament today he said, the new system will significantly improve t...
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Railway budget 2013-14: Live Update
Posted Date : 26-Feb-2013 , 01:33:34 pm | Posted By CASANSAAR
With that, the Railway Minister has concluded his speech.
There will also be a marginal hike in reservation charges and cancellation charges.
Superfast charges and tatkal rates, though, will be hiked.
No passenger fare hike, the minister says, despite the rise in diesel price.
Bans...
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Rail Budget 2013-14 to be presented today
Posted Date : 26-Feb-2013 , 09:35:07 am | Posted By CASANSAAR
Union Railway Minister Pawan Kumar Bansal is set to present the Railway Budget 2013-14 in the Parliament on Tuesday amid expectations that several new trains and more passenger-friendly measures.
All eyes are on the Railway Minister as he presents his maiden Rail Budget as to whether...
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