Petrol pumps strike on April 23
Posted Date : 17-Apr-2012 , 08:20:59 am | Posted By CASANSAAR
Over 40,000 petrol pumps across the country will shut their outlets on next Monday to press their demand for raising their commission on petrol by about 27 paise per litre and diesel by 14 paise per litre as recommended by an official panel.
The association wants the government to implement th...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 909
|
 |
ICAI moves SEBI for changes in company compliance norms
Posted Date : 16-Apr-2012 , 03:50:11 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has approached the capital market regulator - the Securities Exchange Board of India (SEBI) for a four-pronged change in company compliance norms. Last week, the accounting regulator met the SEBI chairman U K Sinha to apprise him on those issu...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 996
|
|
RBI may likely cut rates by 25 bps on growth concerns
Posted Date : 14-Apr-2012 , 08:50:36 pm | Posted By CASANSAAR
The RBI may cut the repo rate by 25 basis points as economic recovery continues to remain fragile, say economists.
With factory output growth, as measured by the index of industrial production (IIP), in the April 2011-February 2012 period slowing to 3.5 per cent, against 8.1 per cent in the year-...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 872
|
|
Enforcement Directorate calls Vodafone for 2001-07 spectrum details
Posted Date : 14-Apr-2012 , 08:47:02 pm | Posted By CASANSAAR
The Enforcement Directorate has summoned Vodafone India managing director Marten Pieters and sought a lengthy list of documents from the company as part of its probe into the alleged irregularities and losses in the allocation of airwaves when BJP-led National Democratic Alliance was in power.It...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 714
|
|
Infosys holds back pay hikes, for now
Posted Date : 14-Apr-2012 , 02:25:59 pm | Posted By CASANSAAR
Infosys, the IT bellwether, delivered a shocker on Friday when it announced to its shareholders that there would not be any increment for the time being for its 149,000 employees.Infosys failed to meet its own growth guidance for the just concluded quarter and has given a lower-than-expec...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 968
|
|
Window dressing: Banks raise Rs 2 lakh crore in 6 days
Posted Date : 14-Apr-2012 , 12:09:10 pm | Posted By CASANSAAR
Commercial banks in the country raised a record Rs 2 lakh crore as deposits in the last six days of March, managing to achieve an annual growth of 17.4% and reaching the Reserve Bank's comfort zone. This is reckoned to be the largest window-dressing effort to shore up the deposit ...
Continue Reading...
Category :
Banking |
Comments :
1 | Hits : 1198
|
|
PM expects new companies Bill to be passed soon
Posted Date : 14-Apr-2012 , 08:14:42 am | Posted By CASANSAAR
Prime Minister Manmohan Singh on Friday said a new Companies Bill, aimed at addressing crucial issues of corporate governance, would be passed soon. “The Companies Bill, presently under consideration of our Parliament, seeks to provide a further fillip to the cause of corporate social respon...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 866
|
|
China co to create 10000 jobs in India
Posted Date : 13-Apr-2012 , 07:57:23 pm | Posted By CASANSAAR
Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity.
The second phase of the project for India's Infrastructure Leasing...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 958
|
|
Allow customers to opt for electronic repayment:RBI to banks
Posted Date : 13-Apr-2012 , 07:55:03 pm | Posted By CASANSAAR
Following complaints from customers, the Reserve Bank has made it clear to banks that there are no restrictions in allowing use of electronic modes for various transactions including repayment of loans. "It is, therefore, advised that all banks should allow the customers to choose National Electr...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 701
|
|
SEBI : Private firms, PSUs must increase public holding by 25 % by August 2013
Posted Date : 13-Apr-2012 , 07:52:44 pm | Posted By CASANSAAR
Capital market regulator, SEBI today said both public and private sector companies will have to increase public shareholding to a minimum of 25 per cent by August 2013 and there will be no relaxation of the guidelines. SEBI Chairman Mr. U K Sinha told this to reporters on the sidelines of Bombay Sto...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 743
|
|
Govt to infuse Rs. 1500 cr in public sector banks
Posted Date : 13-Apr-2012 , 07:51:19 pm | Posted By CASANSAAR
The government will infuse about 1,500 crore rupees in the public sector banks during the current fiscal to enhance their financial strength. This was stated by the Finance Minister Pranab Mukheerjee at the 118th foundation day function of Punjab National Bank in New Delhi.Speaking on the occassion....
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 683
|
|
Jan IIP data revision totally baffling: Finance Minister
Posted Date : 13-Apr-2012 , 03:43:44 pm | Posted By CASANSAAR
Terming sharp revision in the industrial production data as "totally baffling", Finance MinisterPranab Mukherjee today said he has asked the authorities concerned to look into the issue. "I can understand if there is error in calculating 0.1 per cent of 0.2 per cent, but from...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 830
|
|
Govt to allow foreign direct investment from Pakistan
Posted Date : 13-Apr-2012 , 03:32:12 pm | Posted By CASANSAAR
India has decided to allow foreign direct investment from Pakistan, Trade Minister Anand Sharma said on Friday, hours before the two countries were due to open a trading post on the Wagah border in the latest sign of thawing economic ties.Liberalising heavily restricted trade and investment flows ...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 832
|
|
Chartered accountant caught accepting Rs 1.5 lakh bribe
Posted Date : 13-Apr-2012 , 07:51:45 am | Posted By CASANSAAR
A Rajkot-based chartered accountant, approved by the government for evaluating firms involved in commodity market, was caught by the anti-corruption bureau (ACB) officials for demanding and accepting Rs 1.5 lakh at a five-star hotel in Satellite on Thursday night.
Dilip Patel,...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1596
|
|
Cabinet okays Public Procurement Bill to bring transparency and efficiency in mechanism
Posted Date : 13-Apr-2012 , 07:47:27 am | Posted By CASANSAAR
The United Progressive Alliance government has given its go-ahead to a law that seeks to regulate all state purchases above 50 lakh to bring transparency and efficiency in graft-laden procurement mechanism.
The union cabinet chaired by Prime Minister Manmohan Singh approved the Public Procuremen...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 705
|
|
Blackmoney: Government deputes 7 IRS officers for Income Tax units abroad
Posted Date : 13-Apr-2012 , 07:45:28 am | Posted By CASANSAAR
The government has deputed seven senior IRS officers to officiate as First Secretaries at the newly created Income Tax overseas units in countries like the US, the UK and Germany, as part of its efforts to curb the problem of blackmoney and illegal funds stashed abroad.The Income Tax officials, h...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 725
|
|
Undisclosed income exceeding Rs. 9,200 crore detected by CBDT during the search operations in the financial year 2011-12
Posted Date : 13-Apr-2012 , 07:39:35 am | Posted By CASANSAAR
During the financial year (FY) 2011-12, the Investigation Directorates of the Central Board of Direct Taxes (CBDT) conducted searches on 330 groups involved in different businesses / activities. On the basis of assets, documents and other evidence unearthed during such searches, undisclosed income e...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 727
|
|
CLB refers Unitech, Uninor dispute to arbitration
Posted Date : 12-Apr-2012 , 06:21:58 pm | Posted By CASANSAAR
In a set back to Norwegian firm Telenor, the Company Law Board on Thursday allowed its estranged partner Unitech’s plea for settling dispute over control and transfer of assets of their joint venture Uninor through arbitration at Singapore.
Observing that Telenor had gone “berserk&rdq...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 775
|
|
SC upholds constitutional validity of RTE Act 2009
Posted Date : 12-Apr-2012 , 02:56:52 pm | Posted By CASANSAAR
The Supreme Court today upheld the constitutional validity of the Right to Education (RTE) Act, 2009, which mandates 25 per cent free seats to the poor in government and private unaided schools uniformly across the country. The apex court clarified that its judgement will come into force from today ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 933
|
|
ICAI Zone-shifting of candidates for May
Posted Date : 11-Apr-2012 , 09:22:31 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
April 11, 2012
Subject: Zone-shifting of candidates for May - 2012 CA Exams
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Delhi, Indore, Mumbai and Kolkatta, some of the candidates have been allotted ex...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1100
|
|
E-filing of return must for person with income over Rs 10 lakh
Posted Date : 11-Apr-2012 , 08:19:13 pm | Posted By CASANSAAR
The government has made it mandatory for individuals with income of over Rs 10 lakh to file their tax returns for 2011-12 electronically."e-filing has been made compulsory for the person who is an individual or a Hindu Undivided Family, if his or its total income, or the total income in respect of w...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1166
|
|
Govt seeks details from foreign entities in India
Posted Date : 11-Apr-2012 , 08:17:43 pm | Posted By CASANSAAR
A circular from the Internal Security division of the Ministry makes it mandatory for the entities to furnish all the details of those employed for carrying out liaison work in the country.
The circular came against the backdrop of allegations that some of the foreign entiti...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 814
|
|
Now, prosecution of tax evaders made easier
Posted Date : 11-Apr-2012 , 07:39:19 am | Posted By CASANSAAR
Retrospective amendments to handle cases akin to the Vodafone deal and provisions to tackle black money as proposed in the Budget may have received huge attention, but that isn’t all about it. A ‘silent amendment’ to the Income Tax Act related to prosecution powers is being seen ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 919
|
|
Committee Constituted to review the Scheme for Electronic Refund of Service Tax Paid on Taxable Services used for Export of Goods
Posted Date : 11-Apr-2012 , 07:34:40 am | Posted By CASANSAAR
A Committee has been constituted with Director General of Service Tax Smt. Sanghamitra Panda as Chairperson to review the scheme for electronic refund of service tax paid on taxable services used for export of goods. Other members of the Committee are Commissioner of Service Tax, Mumbai-1, Shri Sush...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 783
|
|
CBEC detects Service tax & Excise Evasion of Rs. 10286.73 Crore
Posted Date : 11-Apr-2012 , 07:33:44 am | Posted By CASANSAAR
The Central Board of Excise and Customs(CBEC ) has detected a total Central Excise and Service Tax evasion amounting to Rs.3333.28 crore and Rs.10286.73 crore respectively up to February, 2012 in the Financial Year 2011-12. Further, during the investigation, Central Excise Duty and Service Tax amoun...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 886
|
|
Constitution of a Committee on Corporate Governance
Posted Date : 11-Apr-2012 , 07:32:43 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri. Adi Godrej for framing a ‘National Corporate Governance Policy’ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 669
|
|
Govt to make Payment above Rs.25,000 directly to bank account of payee
Posted Date : 11-Apr-2012 , 07:30:20 am | Posted By CASANSAAR
Government to make payment Directly to the bank accounts of Payees; Measure to Enhance Transparency and Accountability in Public Dealings of the Central Government and also user Green Banking.
As part of the Government’s commitment to good governance and elimination of corrup...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1119
|
|
Govt announces new FDI norms for FIIs
Posted Date : 10-Apr-2012 , 07:54:50 pm | Posted By CASANSAAR
The government today announced new Foreign Direct Investment, FDI norms for Foreign Institutional Investors, FIIs. Under the new norms, FIIs can now invest up to 23 per cent in commodity exchanges without seeking prior approval of the government. The Department of Industrial Policy and Promotion, DI...
Continue Reading...
Category :
FEMA |
Comments :
0 | Hits : 982
|
|
India launches 4G mobile services
Posted Date : 10-Apr-2012 , 07:52:13 pm | Posted By CASANSAAR
Telecom Minister Kapil Sibal today launched the country's first ever fourth generation mobile services in Kolkata. Today's launch is a major milestone for India and Bharti Airtel as it will result in India becoming one of the first countries in the world to commercially deploy the cutting-edge techn...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 802
|
|
Tech Mahindra-Satyam aims at 10,000 new hires this yea
Posted Date : 10-Apr-2012 , 03:02:45 pm | Posted By CASANSAAR
The combined entity resulting from the merger of Tech Mahindra Ltd andSatyam Computer Services Ltd may hire as many as 10,000 new employees in the current fiscal year, said Vineet Nayyar, CEO of Tech Mahindra.
“We are trying to secure more efficiencies internally, we’ll see how i...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 804
|
|
|
