Bank unions plan strike on August 22-23
Posted Date : 17-Aug-2012 , 11:14:27 am | Posted By CASANSAAR
A section of public sector bank employees plan to go on a two-day strike on August 22-23 to protest the proposed reforms in the banking sector and outsourcing of jobs.
The United Forum of Bank Unions (UFBU) has decided to go on nation-wide strike on August 22-23, the union said in a stateme...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 359
|
 |
ICAI yet to decide on action against MNC accounting cos: Govt
Posted Date : 17-Aug-2012 , 08:06:57 am | Posted By CASANSAAR
Accounting regulator ICAI has reported alleged violation of various laws by multinational accounting firms having arrangements with domestic companies, but is yet to take any action against them.In a written reply to Lok Sabha, Minister of State for Corporate Affairs RPN Singh Thursday said the ICAI...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 615
|
|
Companies can tap bonus shares, rights issues for 25% public holding
Posted Date : 17-Aug-2012 , 08:04:31 am | Posted By CASANSAAR
Providing more routes to firms finding it tough to attain minimum 25 percent public holding, Sebi on Thursday allowed them to dilute shares through two more avenues, bonus shares and rights issue, and hinted that further leeway could be provided on a case-to-case basis.Sebi has made it mandatory for...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 343
|
|
MCA ordered Inspection into Kingfisher's account books
Posted Date : 17-Aug-2012 , 08:01:55 am | Posted By CASANSAAR
The Corporate Affairs Ministry has ordered an inspection of the account books of debt-ridden Kingfisher Airlines after receiving complaints from stakeholders alleging violation of company law like provisions on debt-equity ratio, sources said.
The Registrar of Companies, Bangalore, has been...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 352
|
|
CBI arrest income tax official on bribe charge in Jalandhar
Posted Date : 17-Aug-2012 , 07:57:47 am | Posted By CASANSAAR
The Central Bureau of Investigation (CBI) has arrested an Income Tax Officer, (W) IV-(1), BL Uppal, for accepting a bribe of Rs. 25,000 from a complainant. Sources said that the CBI laid a trap and caught the accused ITO Uppal red-handed. An advocate, Aakash Gupta, had complained to the CB...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 483
|
|
Goods and Services Tax could send right signal: Manmohan Singh
Posted Date : 17-Aug-2012 , 07:55:14 am | Posted By CASANSAAR
Prime Minister Manmohan Singh, who on Thursday repeated his call for political consensus on economic issues, said the implementation of theGoods and Services Tax could send a strong signal on the country's commitment to reforms. "The finance minister will be working with chief ministe...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 275
|
|
e-IPOs to be a reality soon, entry load for MFs won't be reintroduced: Sebi
Posted Date : 16-Aug-2012 , 05:19:26 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has cleared the much touted reforms for mutual funds and primary markets. It gave nod for the introduction of e-IPOs, which would allow investors to bid for initial public offers (IPOs) electronically and without any physical paperwork.For mutual fun...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 250
|
|
Tribunal grants tax relief for FIIs using forex forwards
Posted Date : 16-Aug-2012 , 11:48:06 am | Posted By CASANSAAR
A recent ruling by the Income Tax Appellate Tribunal (ITAT) has come as a big relief for foreign institutional investors (FIIs) hedging their currency risks through forward contracts with banks.
The Mumbai bench of ITAT has held gains arising on cancellation of foreign exchange forward cont...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 194
|
|
Blackmoney: Govt to set up 14 new overseas I-T offices
Posted Date : 15-Aug-2012 , 08:17:15 pm | Posted By CASANSAAR
The government will set up 14 more Income Tax Overseas Units (ITOUs) to deal with the menace of blackmoney and keep a tab on illegal routing of funds from abroad and parking money in foreign countries.
The Finance Ministry has recently sent a detailed proposal in this regard to the Ministry...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 285
|
|
Standard Chartered, NY regulator reach $340-million settlement
Posted Date : 15-Aug-2012 , 01:16:58 pm | Posted By CASANSAAR
Standard Chartered, the British bank, has agreed to pay New York’s top banking regulator $340 million to settle claims that it laundered hundreds of billions of dollars in tainted money for Iran and lied to regulators.
The agreement is a victory for Benjamin M. Lawsky and his 10...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 310
|
|
RBI proposes to tighten banks' exposure norms to group companies
Posted Date : 14-Aug-2012 , 10:51:56 pm | Posted By CASANSAAR
Aiming to avoid concentration of credit risk, the RBI today proposed that a bank's exposure to its own group entities should not exceed 20 per cent of thepaid-up capital and reserves.In case of all non-financial services companies and unregulated financial services companies taken tog...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 261
|
|
RBI to banks: Compensate customers for cheque clearance delay
Posted Date : 14-Aug-2012 , 07:26:12 am | Posted By CASANSAAR
In a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.Banks, as per the RBI directive, will have to pay the compensation at savings bank interest rate in absence of a specified rate, for delayed cleara...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 652
|
|
Sebi allows Aadhaar as valid address proof for investors
Posted Date : 14-Aug-2012 , 07:25:43 am | Posted By CASANSAAR
Market regulator Sebi said investors can use 'Aadhaar' cards as a valid address proof for their accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities. 'Aadhaar', a 12-digit individual identification number issued by UIDAI ( Un...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 410
|
|
No exemption provided to any Sector under the Competition Act, 2002
Posted Date : 14-Aug-2012 , 07:24:33 am | Posted By CASANSAAR
The Competition Act, 2002 does not provide exemption to any sector including telecom and banking sectors from its ambit.This was stated in the Rajya Sabha by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to an USQ question today. Department of Financial Serv...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 285
|
|
Vodafone tax dispute: Govt can issue notice to Hutch, says Attorney General
Posted Date : 14-Aug-2012 , 07:22:35 am | Posted By CASANSAAR
The country's highest law official has said the government can raise a demand on Hong Kong-based Hutchison as it is liable to pay tax on the sale of its Indian assets to the UK's Vodafone Group in 2007, possibly opening a new front in the four-year-old tax dispute.
Attorney-General G...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 293
|
|
Eligibility of a Paid Assistant Working with a Firm of Chartered Accountants for the Purpose of Engagement of Articled Assistants
Posted Date : 13-Aug-2012 , 10:50:10 pm | Posted By CASANSAAR
ANNOUNCEMENT
Eligibility of a paid assistant working with a firm of chartered accountants for the purpose of engagement of articled assistants - Amendment to the Regulation 43 of the Chartered Accountants Regulations, 1988This is to inform all concerned that with the issuance of the Not...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 1213
|
|
CCI Probe Against Malpractices of Google
Posted Date : 13-Aug-2012 , 10:46:13 pm | Posted By CASANSAAR
Competition Commission of India (CCI) has launched a probe against Goggle following a complaint by consumer advocacy group, Consumer Unity and Trust Society (CUTS) International, against anti-competitive practices adopted by the company.CCI has received information for contravention of section 4 of ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 230
|
|
Sebi plans to increase minimum application amount for public issues
Posted Date : 13-Aug-2012 , 07:03:49 am | Posted By CASANSAAR
The Securities & Exchange Board of India plans to increase the minimum application amount for public issues to 15,000 from 10,000, and make it compulsory for companies to at least allot shares worth this amount to retail investors. The move is part of a slew of measures being contempla...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 363
|
|
I-T to press laundering charges in HSBC case
Posted Date : 13-Aug-2012 , 07:02:11 am | Posted By CASANSAAR
Those named in the confidential list given to the government of Indians with allegedly illegal accounts abroad through the HSBC bank are to be also charged with money laundering.
The first complaints are expected to be filed in Delhi and Mumbai. The income tax (I-T) department has decided t...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 333
|
|
Govt asks public sector banks to open one account for each family
Posted Date : 13-Aug-2012 , 07:00:34 am | Posted By CASANSAAR
The government has asked state- owned banks to ensure one account per family to facilitate direct transfer of subsidy under 32 central schemes. In a communication to the public sector banks, theFinance Ministry has asked them to use the latest voter list as a reference for verifying that every house...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 328
|
|
5,000 files stolen from Income Tax office
Posted Date : 12-Aug-2012 , 08:32:56 am | Posted By CASANSAAR
Files go missing from government offices all the time. But on this occasion the Income Tax (I-T) department has a legitimate reason. Thousands of files belonging to various business enterprises are believed stolen from one of the I-T offices at Bandra-Kurla Complex (BKC) after burglars broke into th...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 1217
|
|
Banking's big problem: NPAs and bad loans have returned to haunt banks
Posted Date : 12-Aug-2012 , 08:31:00 am | Posted By CASANSAAR
India's biggest bank, SBI, announced quarterly results earlier this week and the share price tanked. While the bank announced a big jump in net profit, its non-performing assets also rose sharply, confirming that weak growth and slowdown in key sectors such as power and steel were continui...
Continue Reading...
Category :
Banking |
Comments :
2 | Hits : 801
|
|
RBI replaces ‘no-frills’ with basic savings a/c
Posted Date : 11-Aug-2012 , 08:13:58 am | Posted By CASANSAAR
The Reserve Bank of India, on Friday, asked banks to drop the ‘no-frills’ tag from the basic saving accounts as the nomenclature has become a stigma.
It has asked banks to provide the zero balance facility in the basic banking accounts along with ATM-cum-debit cards without any ...
Continue Reading...
Category :
Banking |
Comments :
1 | Hits : 1038
|
|
Tax evasion of over Rs 600 cr detected
Posted Date : 11-Aug-2012 , 08:08:16 am | Posted By CASANSAAR
At a time when the government is facing flak from civil society activists over the issue of handling of black money cases, the finance ministry on Friday said tax evasion of a little over Rs 600-crore was detected, following processing of information received from Germany and France. Of this, taxes ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 543
|
|
Raghuram Rajan appointed chief economic advisor
Posted Date : 11-Aug-2012 , 08:07:03 am | Posted By CASANSAAR
Former International Monetary Fund chief economist Raghuram Rajan has been appointed the chief economic advisor in the Ministry of Finance. The Appointments Committee of the Cabinet approved his name on Friday, a finance ministry official said. Rajan succeeds Kaushik Basu, who would return to a prof...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 525
|
|
RBI signs MoU with Central Bank of Russian Federation
Posted Date : 10-Aug-2012 , 05:17:28 pm | Posted By CASANSAAR
The Reserve Bank has signed a memorandum of understanding (MoU) with the Central Bank of the Russian Federation. RBI in a statement said that the Reserve Bank of India and the Central Bank of the
Russian Federation concluded a Memorandum of Understanding (MoU) to promote greater co-operatio...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 276
|
|
Initiatives Taken by the Government for Unearthing and Curbing Black Money: A Fact Sheet
Posted Date : 10-Aug-2012 , 05:15:35 pm | Posted By CASANSAAR
Initiatives taken by the Investigation Division of Central Board of Direct Taxes (CBDT) for unearthing black money :
I. The Government of India has commissioned a study on unacco...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 234
|
|
Service tax relief for non-executive directors
Posted Date : 10-Aug-2012 , 09:49:13 am | Posted By CASANSAAR
Non-executive directors have got service tax reprieve. The Finance Ministry has said that the company –not the non-executive director – has to fork out service tax on payments to such directors.
The service tax will be entirely collected from the company concerned under a revers...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 791
|
|
Vodafone tax dispute: I-T authorities to take action soon
Posted Date : 10-Aug-2012 , 09:48:32 am | Posted By CASANSAAR
The finance ministry has said income-tax authorities will take appropriate action in the Vodafone tax dispute that could involve a potential Rs 20,000 crore claim on the company. "The assessing officer, as a quasi-judicial authority, will take appropriate action in the light of the Su...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 332
|
|
IPCE Result of Roll No 310853 (DIVYA VASUDEVA)
Posted Date : 09-Aug-2012 , 08:06:31 pm | Posted By CASANSAAR
No. Secretary-ICAI/Exam/May-12
August 9, 2012
Announcement
The result of Group-II, Integrated Professional Competence Examination (IPCE) held in May 2012 of Ms. Divya Vasudeva (Roll No.310853) which was hosted on the Institute’s website on August 7, 2012 showed her as `pass&rsqu...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 4435
|
|
|
