Three-digit number (167) allotted for women's helpline in Delhi
Posted Date : 24-Dec-2012 , 04:39:24 pm | Posted By CASANSAAR
A three-digit helpline number, 167, has been allotted by the Centre to the Delhi government for its 'office for helping women in distress.'
Delhi Chief Minister Sheila Dikshit had reportedly requested Telecom Minister Kapil Sibal for a three-digit number for the department. Usually, the ministry is...
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General |
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NBFCs have time till March to migrate to new standard cheques
Posted Date : 23-Dec-2012 , 08:12:14 pm | Posted By CASANSAAR
Borrowers from Non Banking Financial Companies (NBFC) now have time till 31 March 2013 to replace their old system bank cheques with new ones with added security features for their equated monthly instalment (EMI) payments, the Reserve Bank of India (RBI) said in a circular.
The banking regulator...
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Banking |
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Lobbying needs to be defined; companies should make disclosures
Posted Date : 23-Dec-2012 , 07:52:28 pm | Posted By CASANSAAR
Calling for a need to define lobbying through a legal framework to differentiate between advocacy and bribery, corporate affairs minister Sachin Pilot has favoured disclosures by companies and industry bodies about their representations to government on specific policy issues.
"I think th...
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Corporate Law |
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10 lakh new jobs expected to come up in 2013: survey
Posted Date : 23-Dec-2012 , 07:25:03 pm | Posted By CASANSAAR
Job seekers can look forward to a prosperous new year with more than 10 lakh new jobs expected across various sectors including FMCG and retail, says a survey.
Coming against the backdrop of uncertain economic conditions, the projected number of new jobs in 2013 is way higher than...
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General |
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Forex reserves rises by $ 1.637 bn to $ 296.63 bn
Posted Date : 23-Dec-2012 , 07:09:36 am | Posted By CASANSAAR
The foreign exchange reserves rose by a robust 1.637 billion dollars to touch 296.63 billion mark during the week ended December the 14th.According to the Reserve Bank's weekly statistical supplement, the gold reserves remained unchanged at 27.803 billion dollars during the week....
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Finance |
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Report on auditing parties' accounts submitted to EC: ICAI
Posted Date : 22-Dec-2012 , 07:11:26 am | Posted By CASANSAAR
Institute of Chartered Accountants of India (ICAI) has submitted its report to the Election Commission on auditing of accounts of political parties, a top official said on Friday. As per the request of EC, the Institute has made a few suggestions and prepared a report t...
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ICAI |
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Salient Features of Banking Laws (Amendment) Bill 2012
Posted Date : 21-Dec-2012 , 08:29:20 pm | Posted By CASANSAAR
The Banking Laws (Amendment) Bill 2011 was introduced in order to amend the Banking Regulation Act, 1949, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980. The said Bill has been passed by both the Houses of Parliament during its just concluded Winter Session. Thi...
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Banking |
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Government Reviews Foreign investment Policy for Assets
Posted Date : 21-Dec-2012 , 08:28:43 pm | Posted By CASANSAAR
The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs) registered with the Securities a...
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International Business |
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CA body lays down road map to revise syllabus
Posted Date : 21-Dec-2012 , 07:53:10 am | Posted By CASANSAAR
Students joining their chartered accountancy course through common proficiency test or articleship through direct entry scheme across India will have to gear up to study the revamped syllabus. TheInstitute of Chartered Accountants of India (ICAI) taking note of the outdated nature of some s...
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Students Zone |
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Government Adopts Five Pronged Strategy to bring back the black Money
Posted Date : 21-Dec-2012 , 07:52:05 am | Posted By CASANSAAR
The Central Government has been vigorously pursuing the cases of black money stashed abroad and in bringing them back. For this purpose, a five pronged strategy has been adopted which is as follows: i) Joining the global crusade against ‘black money’ (for example out action in G 20,...
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Income Tax |
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SBI plans online approval for home loans via Cibil
Posted Date : 21-Dec-2012 , 07:49:59 am | Posted By CASANSAAR
In a move that could improve its flow of home loans business, State Bank of India is putting in place an online sanction process which allows the bank to instantaneously approve loan amounts by linking its portal with Credit Information Bureau of India (Cibil).
...
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Banking |
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Undisclosed Income of about Rs. 600 Crore Detected under DTAAs Since March 2009 and taxes of about Rs. 200 Crore Realized
Posted Date : 20-Dec-2012 , 09:16:42 pm | Posted By CASANSAAR
The Government receives information from various countries regarding assets including bank accounts held abroad by Indians under the respective Double Taxation Avoidance Agreements/Tax Information Exchange Agreements. Receipt of such information is an ongoing process. Based on information recei...
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Income Tax |
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Government Advises PSBs to take Number of Initiatives to increase the pace of Recovery and Manage NPAs
Posted Date : 20-Dec-2012 , 09:13:01 pm | Posted By CASANSAAR
The objective of restructuring is to conserve valuable financial assets in a downturn, revival of entities and ensuring safety of the funds lent by the banks. Although, the Gross Non-Performing Assets (NPAs) and restructuring of loans of Public Sector Banks (PSBs) have shown an increasing trend, at ...
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Banking |
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Results of Assembly Elections 2012
Posted Date : 20-Dec-2012 , 10:49:50 am | Posted By CASANSAAR
Gujarat
Party
Lead
Won
BJP
115
CONG
61
GPP
2
Others
4
Himachal Pradesh
Party
Lead
Won
CONG
36
BJP
26
Others
6
...
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General |
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Highlights of the Companies Bill, 2011 passsed in Lok Sabha on 18.12.12
Posted Date : 20-Dec-2012 , 07:49:22 am | Posted By CASANSAAR
Ø The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956.
Ø The entire bill has been divided into 29 chapters.
Ø Many new chapters have been introduced, viz.,...
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Corporate Law |
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SEBI raises minimum capital requirements for brokers
Posted Date : 19-Dec-2012 , 10:55:21 pm | Posted By CASANSAAR
Stock market regulator SEBI has revised the base minimum capital (BMC) deposit requirement for brokers (offering algorithmic trading) to a maximum of Rs 50 lakhs.
BMC for stock brokers will be enhanced and for trading members in the derivatives segment, BMC would be intr...
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SEBI |
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DLF inks pact to sell Amanresorts for over Rs 1,600 cr
Posted Date : 19-Dec-2012 , 01:26:17 pm | Posted By CASANSAAR
Realty major DLF today said it has signed an agreement to sell back luxury hotel chain Amanresorts to the hospitality property's founder and Chairman Adrian Zecha for about USD 300 million (over Rs 1,600 crore).In a filing to the BSE, DLF said the sale of the hotelsand resorts under t...
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Corporate Law |
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Lok Sabha passes revised Companies Bill, to improve governance and transparency in India Inc
Posted Date : 19-Dec-2012 , 07:39:09 am | Posted By CASANSAAR
The Lok Sabha today passed the revised Companies Bill, which had been hanging fire since it was first introduced in the House in August 2008.
During the debate over the Bill in the Lower House today, the government re-emphasised that the aim is to protect the interest of employees and small in...
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Corporate Law |
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Lok Sabha passes Banking Bill, clears way for new banking licenses
Posted Date : 18-Dec-2012 , 09:09:08 pm | Posted By CASANSAAR
The Lok Sabha today passed the Banking (Amendment) Bill, aimed at attracting more foreign investment into the banking industry in yet another move by Prime Minister Manmohan Singh to open up Asia's third-largest economy.
The Bill was passed after the government earlier today agreed to drop the cont...
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Banking |
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Vijay Mallya offers 3 kg gold to Lord Venkateswara on his 58th birthday
Posted Date : 18-Dec-2012 , 06:07:23 pm | Posted By CASANSAAR
Promoter of crisis-ridden Kingfisher Airlines and UB Group Chairman Vijay Mallyamade an offering of gold bricks, weighing about three kg, at the famous hill shrine of Lord Venkateswara on his 58th birthday today. Mallya donated the gold after offerin...
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General |
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India lost $123 billion in black money in a decade
Posted Date : 18-Dec-2012 , 01:58:38 pm | Posted By CASANSAAR
The Indian economy suffered USD 1.6 billion in illicit financial outflows in 2010, capping-off a decade in which it experienced black money losses of USD 123 billion, according to a new report.
India is ranked as the decade's 8th largest victim of illicit capital fligh...
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International Business |
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Highlights of RBI policy review
Posted Date : 18-Dec-2012 , 01:55:18 pm | Posted By CASANSAAR
The RBI left its key interest rates unchanged as expected on Tuesday but said policy focus was shifting towards growth, reiterating its October guidance of further easing in the first quarter of 2013 as inflation was seen cooling.
"In view of inflation pressures ebbing,&nbs...
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RBI |
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RBI keeps key rates unchanged in monetary policy review
Posted Date : 18-Dec-2012 , 11:24:45 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday kept key policy rates including the cash reserve ratio (CRR) unchanged. While the repo ratewas maintained at 8%, CRR was also maintained at status quo of 4.25%. D Subbarao maintained that risks to inflation ...
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Banking |
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Parliament passes stringent law against money laundering
Posted Date : 18-Dec-2012 , 07:54:42 am | Posted By CASANSAAR
A bill, which seeks to enlarge the definition of money laundering offences and could help curb funding of terrorist operations, was approved by Parliament today.The Prevention of Money Laundering (Amendment) Bill was passed by the Rajya Sabha by voice vote afterFinance ...
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Finance |
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I-T Dept probing HSBC list of accounts: P Chidambaram
Posted Date : 17-Dec-2012 , 09:24:03 pm | Posted By CASANSAAR
The government today informed Parliament that the Income Tax Department and its other wings are probing the information received with regard to foreign bank accounts of individuals and entities with the HSBC bank. "HSBC list of accounts is being investigated by the Income Tax Dep...
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Income Tax |
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RBI allows foreign funding for low-cost housing
Posted Date : 17-Dec-2012 , 09:23:22 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday allowed property developers to borrow money overseas through external commercial borrowing (ECB) for funding low-cost housing projects.
Housing finance companies can also avail of ECB for financing prospective owners of low-cost housing units, t...
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RBI |
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Compliance with the Requirements of Corporate Governance
Posted Date : 17-Dec-2012 , 09:22:44 pm | Posted By CASANSAAR
Compliance with the requirements of Corporate Governance as laid down in the Companies Act is looked into by the Registrars of Companies and suitable action is initiated wherever there is failure to comply with the law.
Giving this information in written reply to a question in the Rajya Sa...
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Corporate Law |
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ICAI team probing land purchase in Nagpur on December 20
Posted Date : 17-Dec-2012 , 08:29:03 am | Posted By CASANSAAR
A fact finding team of Institute of Chartered Accountants of India (ICAI) will visit the 9 acre property at Luxora Township in Pipla on December 20 to probe its purchase for Rs99 crore. The final report is expected to be submitted on December 31.
Jaideep Shah, a Nagpur char...
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ICAI |
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Sebi rejigs committee on disclosure, accounting standards
Posted Date : 16-Dec-2012 , 07:32:09 pm | Posted By CASANSAAR
Capital markets regulator Sebi has revamped its expert committee on disclosure and accounting standards, which is mandated to suggest ways for improving disclosure framework for listed companies and accounting practices of various market entities.
The Sebi Committee on Disclosur...
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SEBI |
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Naina Lal Kidwai becomes first woman President of FICCI
Posted Date : 16-Dec-2012 , 07:08:59 pm | Posted By CASANSAAR
Naina Lal Kidwai on Saturday took over as President of FICCI, becoming the first woman to head the leading industry body. FICCI said in a statement at the conclusion of its Annual General Meeting in New Delhi Kidwai, 55, is the first woman and professional manager to be elected as President of ...
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General |
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