Indraprastha Gas increases CNG price by Rs. 1.75 per Kilogram in NCR
Posted Date : 31-Dec-2011 , 03:33:15 pm | Posted By CASANSAAR
Indraprastha Gas Limited has increased the price of Compressed Natural Gas (CNG) by Rs. 1.75 per Kilogram in the national capital. The revised price came into effect on Friday midnight. It is now Rs. 33.75 per kg in Delhi. The CNG prices have also gone up in Noida, Greater Noida and Ghaziabad by ...
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General |
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Metro man Sreedharan retires today
Posted Date : 31-Dec-2011 , 01:35:07 pm | Posted By CASANSAAR
E Sreedharan retires today as Delhi Metro Rail Corporation chief tomorrow and hand over the reins to colleague Mangu Singh after a highly successful 16-year tenure during which he transformed the capital's transport sector through the Metro.79-year-old Sreedharan, who joined the DMRC in 1995, wi...
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General |
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Seized cash to be returned only after tax review: I-T Dept
Posted Date : 31-Dec-2011 , 08:17:41 am | Posted By CASANSAAR
The Income Tax department today said cash confiscated by surveillance teams on the directions of Election Commission will be returned only after the completion of assessment of I-T returns for 2011-12 fiscal which may take up to two years.
"Persons whose cash has been seized (by surveillance team...
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Income Tax |
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Sebi allows 2 and 5 year IRFs in G-secs
Posted Date : 31-Dec-2011 , 08:15:32 am | Posted By CASANSAAR
In order to help investors guard against interest rate fluctuations, capital market regulator Sebi today introduced two-year and five-year exchange-traded IRFs (Interest Rate Futures) in government bonds. "It has now been decided to permit the introduction of cash settled futures on 2-year and 5-...
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SEBI |
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RBI unveils draft Basel III capital norms for banks
Posted Date : 31-Dec-2011 , 08:10:02 am | Posted By CASANSAAR
The RBI says Tier 1 capital comprising pure equity and statutory and capital reserves must be at least 7 per cent and total capital must be at least 9 per cent of risk-weighted assets (RWAs).
In order to strengthen risk management mechanism, the Reserve Bank today issued draft guideline envisagin...
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RBI |
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Auditor disowns Prithvi Information report; refuses to sign accounts
Posted Date : 30-Dec-2011 , 08:23:17 am | Posted By CASANSAAR
The auditor of the Hyderabad based software outsourcer Prithvi Information Solutions (PISL) have refused to sign the financial accounts of the company for 2010-11. According to a copy of the minutes of the annual general meeting (AGM) seen by ET and also filed by the company with BSE, VK Asthana ...
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Auditing |
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Non-residents can now hedge currency risk with banks
Posted Date : 30-Dec-2011 , 08:18:45 am | Posted By CASANSAAR
To protect foreigners who lend to Indian NGOs in a violatile rupee market, the Reserve Bank of India (RBI) has permitted them to buy forward cover for their loans.
The measures announced by RBI said foreign equity holders, including overseas organisations or individuals, can approach Indian bank ...
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Banking |
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Black money in polls: Election Commission deploys 204 Indian Revenue Service officials
Posted Date : 30-Dec-2011 , 08:08:36 am | Posted By CASANSAAR
To curb instances of black money use during the polls in five states, 204 Indian Revenue Service (Income Tax) officials have been deployed as 'expenditure observers' by the Election Commission. A total of 204 IRS officers, in the ranks of Additional Commissioners of Income Tax, largely drawn from...
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Income Tax |
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MCA Provides facility to register your Complaints and Grievances
Posted Date : 30-Dec-2011 , 08:02:56 am | Posted By CASANSAAR
ComplaintRaise complaint or concerns with respect to MCA21 services
GrievanceRaise a grievance (Please use this link only if you are a MCA Employee/Ex-employee)
SuggestionProvide your valuable feedback and suggestions for future improvements
QueryAsk information or...
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Income Tax |
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Important Announcement - Non-applicability of Revised Schedule VI for May 2012 Examinations
Posted Date : 29-Dec-2011 , 07:12:14 pm | Posted By CASANSAAR
Important Announcement for PCC/IPCC & Final Students
This is to bring to the attention of students that the Revised Schedule VI to the Companies Act, 1956 issued by the Ministry of Corporate Affairs on 28th February, 2011 pertaining to the preparation of Balance Sheet and Profit and Los...
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Students Zone |
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Budget likely on February 29, says FinMin official
Posted Date : 29-Dec-2011 , 06:32:52 pm | Posted By CASANSAAR
The government today indicated it will present the budget for 2012-13 on February 29, the assembly elections in five states notwithstanding."Legally there is no impediment in presenting the budget on February 29 ... There is nothing which prevents us," said a senior Finance Ministry official assoc...
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Income Tax |
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Sebi bans 3 bankers and 7 companies for IPO violations including Atherstone Capital, PNB Investment Services
Posted Date : 29-Dec-2011 , 09:07:06 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has sought to punish three merchant banks, including Punjab National Bank's merchant banking arm, and seven recently-listed firms and their promoters, accusing them of misusing IPO proceeds, performing shoddy due-diligence process, and aiding pro...
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SEBI |
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RBI allows co-op banks to fix NRE deposit rates
Posted Date : 29-Dec-2011 , 09:03:43 am | Posted By CASANSAAR
The Reserve Bank today allowed cooperative and primary urban cooperative banks to fix their interest rates on various non-resident deposit schemes.Extending the ambit of its recent decision to deregulate deposit rates, RBI said, "Banks are free to determine their interest rates on both savings d...
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RBI |
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CBDT stares at Rs 20K cr shortfall in collection
Posted Date : 29-Dec-2011 , 09:02:14 am | Posted By CASANSAAR
The direct tax collection for the current fiscal is likely to fall short of the Budget Estimate by around Rs 20,000 crore, a Central Board of Direct Taxes (CBDT) official told The Indian Express.
The shortfall is imminent because the economy’s outlook has worsened and the first indications ...
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Income Tax |
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RIM offers over 50% discount on PlayBook tablets in India
Posted Date : 28-Dec-2011 , 10:09:19 pm | Posted By CASANSAAR
Canadian BlackBerry maker Research in Motion ( RIM), battling tough competition from Apple's iPad, is offering over 50 percent discount on its PlayBook tablets under a limited festive season offer till Dec 31.
...
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General |
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Year End Review MCA - MCA Initiatives During 2011
Posted Date : 28-Dec-2011 , 09:36:39 pm | Posted By CASANSAAR
The Indian economy has expanded at a rapid rate during the current decade and the corporate sector has been the biggest contributor in this growth story. While the Ministry of Corporate Affairs is working towards reforming the enabling environment for effective functioning of the corpor...
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Corporate Law |
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Anna Hazare calls off fast, cancels jail bharo campaign
Posted Date : 28-Dec-2011 , 05:14:24 pm | Posted By CASANSAAR
Smarting under poor response and bad health, Anna Hazare today called off his fast a day ahead of schedule and repeated his threat to campaign against Congress in the five poll-bound states for not brining a strong Lokpal. The 74-year-old activist made the surprise announcement midway...
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Don
Posted Date : 28-Dec-2011 , 12:31:53 pm | Posted By CASANSAAR
The Reserve Bank of India, RBI, has cautioned the public against falling prey to fictitious offers of cheap funds that are rampant in recent times.In a press statement at Guwahati, the RBI said, the fraudsters often lure the public in the form of lottery prize money through letters, e-mails, SMS etc...
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RBI |
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Ernst & Young Wins ICAEW
Posted Date : 28-Dec-2011 , 09:04:15 am | Posted By CASANSAAR
Ernst & Young has won the award for ‘Excellence in Client Service’ at the first ever Middle East Accountancy and Finance Excellence Awards event to be organized by the Institute of Chartered Accountants in England and Wales (ICAEW). Noor Abid, Managing Partner, Assurance, Ernst &a...
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International Business |
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RBI to buy Rs 12,000 cr worth govt securities
Posted Date : 28-Dec-2011 , 09:00:47 am | Posted By CASANSAAR
To tide over the current liquidity crisis, the Reserve Bank today announced it will purchase government securities worth Rs 12,000 crore on Thursday through open market operations. "Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquid...
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RBI |
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Sebi proposes regulation for investment advisors
Posted Date : 28-Dec-2011 , 08:59:39 am | Posted By CASANSAAR
Market regulator Sebi has proposed new rules for investment advisors that will require them to be registered with a self-regulatory organisation (SRO) before undertaking such a role. The proposed framework intends to regulate investment advisory services in various forms including independent fin...
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SEBI |
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PSU banks'credit panel can now approve loans up to 400 crore
Posted Date : 28-Dec-2011 , 08:57:28 am | Posted By CASANSAAR
The government has quadrupled the limits on loans that a bank's internal committee can approve, a move that could quicken credit clearance at 26 state-run banks, including the Bank of Baroda and Punjab National Bank. The government has directed banks to set up a credit approval committee - comp...
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Banking |
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Short on revenue, government may go for larger market borrowings
Posted Date : 28-Dec-2011 , 08:55:18 am | Posted By CASANSAAR
The government is finding it difficult to meet direct tax target due to industrial slowdown and may go in for larger market borrowings than the revised target of Rs 4.7 lakh crore in the current fiscal, a top Finance Ministry official said today. "Growth slowdown is a big challenge. We may miss t...
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Income Tax |
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CMC Ltd. named among top firms for corporate governance
Posted Date : 28-Dec-2011 , 08:53:04 am | Posted By CASANSAAR
CMC Ltd., a Tata group firm and subsidiary of the country's top software company TCS, has been recognised as one of the top seven companies in India for for adopting good corporate governance practices. In a press release, CMC said today that it has also been conferred by the the Institute of C...
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Corporate Law |
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Lokpal bill passed in Lok Sabha
Posted Date : 27-Dec-2011 , 11:10:25 pm | Posted By CASANSAAR
Lok Sabha on Tuesday passed the Lokpal and Lokayukta Bill, 2011 by voice vote even as the Left, BSP and SP staged a walkout.
SP and BSP staged a walk out from the Lok Sabha shortly before the voting on the lokpal bill in protest against the government bringing a "weak" legislation. "We ...
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General |
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EC writes to parties over Black money in polls
Posted Date : 27-Dec-2011 , 11:04:22 pm | Posted By CASANSAAR
In order to curb the use of black money during assembly polls in five states, the Election Commission has written to all political parties asking them to avoid cash transactions and instruct their cadres not to carry huge cash during elections. The Commission, in this context, has written a let...
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General |
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Govt introduces Money Laundering Bill in LS
Posted Date : 27-Dec-2011 , 03:51:45 pm | Posted By CASANSAAR
The Government today presented three Bills in the Lok Sabha. The Prevention of Money Laundering (Amendment) Bill, 2011, presented by Finance Minister Pranab Mukherjee, seeks to strengthen the relevant Act of 2002 by amending some of its provisions.The Electronic Delivery of Services Bill, 2011, was ...
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General |
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SEBI to launch toll-free helpline for investors
Posted Date : 27-Dec-2011 , 08:20:10 am | Posted By CASANSAAR
Market regulator SEBI would launch a toll-free helpline as part of educating investors on the securities market, Chairman U K Sinha said today. With the launch of helpline, an investor can ask any question regarding the securities market which will be answered. "The reason why we are launching i...
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SEBI |
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Reforms commission looking at uniform legislation for banks
Posted Date : 27-Dec-2011 , 08:18:40 am | Posted By CASANSAAR
The Financial Sector Legislative Reforms Commission (FSLRC) is considering a single, harmonised and uniform legislation applicable to all banks and giving the central bank the power to sanction takeover of a co-operative bank by commercial banks, said Mr Anand Sinha, Deputy Governor, Reserve Bank ...
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Banking |
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Sebi bans incentive payment in debt issues
Posted Date : 27-Dec-2011 , 08:17:01 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Monday banned payment of incentives to investors to bid in public sale of bonds as it considers the practice leads to an 'unfair advantage' to a select few and raises the cost to issuer. "In order to curb such practices, it is advised that in ...
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SEBI |
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