Maharashtra to drop plan to impose 15% interest as penalty for VAT delay
Posted Date : 27-Aug-2012 , 07:29:43 am | Posted By CASANSAAR
Maharashtra finance minister Ajit Pawar has indicated that the state government will provide a waiver on 15% interest as penalty on value-added tax (VAT) levied on property transactions between 2006 and 2010, offering relief to thousands of harried home buyers. The fin...
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VAT |
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PSU banks to disburse Rs 6 lakh cr to agri sector this fiscal
Posted Date : 26-Aug-2012 , 10:27:10 pm | Posted By CASANSAAR
Public sector banks have set a target to disburse Rs 6 lakh crore as agriculture loan during the current fiscal. This is Rs 25,000 crore higher than the target set for them.
After inaugurating a rural training centre at Amaravathipuram, Karaikudi, set up by Indian Bank, Indian Overseas Bank...
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Banking |
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0 | Hits : 725
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Gold zooms to new record at Rs 31,300 on strong global cues
Posted Date : 26-Aug-2012 , 10:14:32 am | Posted By CASANSAAR
Buoyed by a strong rally overseas, gold rose to touch a new high of Rs 31,300 per 10 grams in the bullion market here on Saturday.Gold added Rs 185, registering gains for the sixth day in a row, while silver added Rs 950 to Rs 57,800 per kg on increased buying.Silver co...
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Shares & Stock |
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0 | Hits : 732
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RBI tells banks to tweak FD norms
Posted Date : 26-Aug-2012 , 10:12:58 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has asked regional rural and co-operative banks to modify Fixed Deposit account opening forms to allow premature withdrawal of FD on death of one of the joint account holders without any penalty.Under the modified norms, it will be easier for the surviving joint accou...
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Banking |
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0 | Hits : 838
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Proposal for Bank branch audit Limit from Rs.6 Cr to 20 Cr from 2012-13
Posted Date : 25-Aug-2012 , 07:34:04 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will meet Union Finance Minister P Chidambaram on retaining the current advance limit of bank branches for independent audit.
"We will meet the finance minister and make a representation to retain the current Rs 6 crore limit of advance...
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Banking |
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Sebi bars companies from buying shares through staff trusts
Posted Date : 24-Aug-2012 , 09:39:46 pm | Posted By CASANSAAR
Capital market regulator Sebi has barred employee welfare schemes and trusts of listed entities from purchasing their own shares from the secondary market, fearing stock manipulation.Besides, Sebi will also ask listed companies to disclose all their existing employee benefit schemes involving stock ...
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SEBI |
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0 | Hits : 767
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GST is More Effective and Efficient Substitute for Plethora of Indirect Taxes: FM
Posted Date : 24-Aug-2012 , 09:35:37 pm | Posted By CASANSAAR
The Union Finance Minister, Shri P. Chidambaram said that the goods and services tax (GST) is a more effective and efficient substitute for plethora of indirect taxes. The Finance Minister said that he is hopeful that the GST Bill would be passed before the end of the current financial year. The Fin...
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GST |
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0 | Hits : 942
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ICSI: Exam result Through E-mail for june 2012 session
Posted Date : 24-Aug-2012 , 09:10:26 am | Posted By CASANSAAR
Now You can get your exam result, which is to be declared on 25th August, 2012 for june 2012 session through e-mail.
Kindly click on the following link to register your e-mail ID. CLICK HERE...
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ICSI |
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0 | Hits : 1263
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BCCI owes Rs 201.36 crore income tax: Government
Posted Date : 23-Aug-2012 , 10:43:56 pm | Posted By CASANSAAR
An Income tax amount of Rs 201.36 crore is due from the Board of Control for Cricket in India (BCCI), the government said today. "Appropriate measures have been taken by the Department to recover the demands raised which resulted into collection of an aggregate amount of Rs ...
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Income Tax |
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0 | Hits : 716
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Housing finance firms permitted to raise funds through ECBs
Posted Date : 23-Aug-2012 , 10:40:40 pm | Posted By CASANSAAR
The government has allowed housing financing companies to raise funds through external commercial borrowings, ECBs route to finance low-cost housing projects. A Finance Ministry statement said it has been decided that entities like National Housing Bank ,NHB and Housing Finance Companies, HFC will b...
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Finance |
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Increase in fee for Duplicate Certificate of Membership and Certificate of Practice as an Associate or Fellow
Posted Date : 23-Aug-2012 , 10:39:40 pm | Posted By CASANSAAR
ANNOUNCEMENT
Increase in fee for Duplicate Certificate of Membership and Certificate of Practice as an Associate or Fellow - Amendment to the Regulation 184 of the Chartered Accountants Regulations, 1988
This is to inform all concerned that with the issuance of the Notification...
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ICAI |
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0 | Hits : 1187
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Vacancies in Nationalized Banks
Posted Date : 23-Aug-2012 , 10:34:59 pm | Posted By CASANSAAR
There is no proposal to revive Banking Service Recruitments Board as recruitment is done by individual Banks on an ongoing basis, which takes into account the results in common examination conducted by the Institute of Banking Personnel Selection (IBPS).
The requirement of manpower in Natio...
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Banking |
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0 | Hits : 2332
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10 FDI Proposals Amounting to Rs. 1259.92 Crore Approved
Posted Date : 23-Aug-2012 , 10:33:36 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government of India has approved ten (10) Proposals of Foreign Direct Investment (FDI) amounting t...
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International Business |
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0 | Hits : 844
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Steps to Recover NPAs
Posted Date : 23-Aug-2012 , 10:32:56 pm | Posted By CASANSAAR
Although the Gross non-Performing Assets of the Public Sector Banks (PSBs) as on March 2012 amounts to Rs. 112489 crore, all PSBs have reported profits for the financial year 2011-12. Banks are required to monitor NPAs and take steps to bring them down through recovery/other channels. RBI also ...
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Banking |
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0 | Hits : 806
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Tax on Film Artists Services
Posted Date : 23-Aug-2012 , 10:32:12 pm | Posted By CASANSAAR
Service tax of 12.36 per cent has been imposed on the taxable services provided by the Film Artists. As a preparation for the introduction of a nationwide comprehensive Goods and Service Tax (GST), comprehensive approach to taxation of services has been brought into effect from the 1st day of J...
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Income Tax |
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0 | Hits : 822
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ICSI: Annual Membership fees for the year 2012-2013
Posted Date : 23-Aug-2012 , 09:09:07 am | Posted By CASANSAAR
The last extended date for payment for Annual Membership Fee for the year 2012-13 is 31st August, 2012. The members who are yet to pay the fee are requested to pay the fee on or before 31st August, 2012.
Please note that the names of the members whose annual membership fee...
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ICSI |
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0 | Hits : 1053
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RBI notifies decision allowing FDI from Pakistan
Posted Date : 23-Aug-2012 , 08:44:03 am | Posted By CASANSAAR
The Reserve Bank today notified the decision to allow foreign direct investment from Pakistan. "It has now been decided that...a person who is a citizen of Pakistan or an entity incorporated in Pakistan may, with the prior approval of the Foreign Investment Promotion Board, purchase s...
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International Business |
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0 | Hits : 814
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Taxes worth Rs 58,636 cr locked up in litigation in SC, HCs
Posted Date : 23-Aug-2012 , 08:39:46 am | Posted By CASANSAAR
Taxes worth Rs 58,636 crore are locked up in litigations in the Supreme Court and different High Courts, the government said today.
On the Direct Taxes sides, 5,860 cases involved tax demand worth Rs 2,707 crore were locked up in Supreme Court. Another 29,650 cases with tax demand of Rs 36,...
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Income Tax |
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0 | Hits : 769
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FM P Chidambaram approves proposal for 49% FDI in Insurance and pension sector
Posted Date : 23-Aug-2012 , 08:36:44 am | Posted By CASANSAAR
Finance minister P Chidambaram has cleared a proposal to raise foreign direct investmentlimit in insurance and pension sectors to 49%, making it clear that he intends to push sentiment changing reforms even though politically things look difficult for the Unit...
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Finance |
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0 | Hits : 857
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Govt liberalises ECB norms
Posted Date : 23-Aug-2012 , 08:35:49 am | Posted By CASANSAAR
India has eased overseas borrowing rules to allow easier access to cheap dollar funds to housing financecompanies such as HDFC, small industry financier SIDBI and permitted non-resident entities to provide rating enhancement facility to Indian borrower. The move will also help boost c...
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Finance |
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0 | Hits : 837
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Notices Issued by Enforcement Directorate to BCCI and its Officials for Contravention of FEMA
Posted Date : 23-Aug-2012 , 08:29:32 am | Posted By CASANSAAR
Based on the investigation carried out by the Enforcement Directorate (ED), the adjudicating authority has issued Show Cause Notices under Foreign Exchange Management Act, 1999 (FEMA) to BCCI & its officials for the contraventions of the relevant provisions of the said Act as per details below:-...
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Income Tax |
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0 | Hits : 675
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Sebi gets Tribunal rap for 'inordinate' delay in inquiry
Posted Date : 22-Aug-2012 , 10:35:07 pm | Posted By CASANSAAR
Market regulator Sebi today faced flak from Securities Appellate Tribunal for "inordinate delay" without any justifiable reasons in conducting its inquiry and taking action in two separate cases of market manipulation.
The Securities Appellate Tribunal (SAT) made these observations while he...
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SEBI |
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0 | Hits : 699
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Govt take steps to evolve consensus on retail FDI
Posted Date : 22-Aug-2012 , 04:07:20 pm | Posted By CASANSAAR
The government has taken steps to evolve a broader consensus among various stakeholders on the issue of Foreign Direct Investment (FDI) in multi-brand retail trading. This information was given in a written reply in the Rajya Sabha today by the Commerce and Industry Minister Mr Anand Sharma. He said...
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Finance |
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0 | Hits : 872
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Poonam Kishore Saxena new CBDT chairman
Posted Date : 22-Aug-2012 , 07:05:18 am | Posted By CASANSAAR
Poonam Kishore Saxena, a 1975 batch IRS officer, has been appointed as Chairman of Central Board of Direct Taxes (CBDT), the Finance Ministrysaid today. She was holding the additional charge of the post after incumbent chairman Laxman Das retired last month. Prior to the appointment, ...
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Category :
General |
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0 | Hits : 1202
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RBI tightens norms for loan securitisation by NBFCs
Posted Date : 22-Aug-2012 , 07:01:44 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday extended the guidelines on securitisation of standard assets (loans), which had earlier been issued to banks, to non-banking finance companies (NBFCs) also, stipulating that originating NBFCs can securitise loans only after it had been held by them for a mi...
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RBI |
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0 | Hits : 881
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Delhi High Court issues notice to Sebi on algorithm trading
Posted Date : 22-Aug-2012 , 07:00:15 am | Posted By CASANSAAR
The Delhi High Court has issued notices to capital markets regulator Sebi and stock exchanges on a petition filed by a broker and investors association which seeks a ban on high-frequency or algorithm trading. The Securities and Exchange Board of India is requ...
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SEBI |
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0 | Hits : 727
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GST rollout likely to miss April 2013 deadline
Posted Date : 22-Aug-2012 , 06:56:02 am | Posted By CASANSAAR
The government's plan to roll out the Good and Services Tax (GST) by next April is unlikely to be met as an expert has suggested not to rush through with the country's most ambitious tax reform initiative. This may bring some relief to the UPA as it will provide more time to thra...
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GST |
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0 | Hits : 900
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Finance minister summons tax commissioners
Posted Date : 22-Aug-2012 , 06:52:03 am | Posted By CASANSAAR
Finance minister P Chidambaram has summoned his top tax administrators for a meeting at the end of this month, even as policymakers grapple to garner revenues in a slowing economy hit by high prices, low incomes and plunging exports. This will be the second conference of I-T chief commissi...
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Category :
Income Tax |
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0 | Hits : 700
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CS June 2012 Examination Result on 25th August, 2012
Posted Date : 22-Aug-2012 , 06:47:52 am | Posted By CASANSAAR
Company Secretaries Examinations June, 2012 Result Would Be Declared On 25th August, 2012 At 11.00 A.M. The Results Alongwith Individual Candidate’s Subjectwise Break-Up of Marks Will Be Available on the Institute’s Website,
www.icsi.edu
Formal E-Result-Cum-Marks Stat...
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Students Zone |
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0 | Hits : 1026
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Professional misconduct: FinMin fiat to banks
Posted Date : 21-Aug-2012 , 07:39:37 am | Posted By CASANSAAR
The Finance Ministry has asked state-owned banks and insurance companies to take up the issue of misconduct by professionals such as advocates and chartered accountants with their regulating bodies such as the ICAI.
The Ministry has issued the directive to heads of public sector banks, fina...
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ICAI |
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0 | Hits : 1115
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