Disinvestment of 10% paid up equity of National Buildings Construction Corporation Limited
Posted Date : 12-Aug-2011 , 08:10:32 am | Posted By CASANSAAR
The Union Cabinet today gave its approval for divestment of 10% of total paid up equity of National Buildings Construction Corporation Ltd. (NBCC) out of its holding through Initial Public Offering (IPO) in the domestic market. The Government of India holds 100% of the equity in the Company. This wi...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 261
|
 |
Corporate Social Responsibility
Posted Date : 12-Aug-2011 , 08:09:41 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises have issued comprehensive guidelines on Corporate Social Responsibility (CSR) for Central Public ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 330
|
|
Parliament permits government to mint Rs 1,000 denomination coins
Posted Date : 11-Aug-2011 , 05:23:31 pm | Posted By CASANSAAR
Parliament on Thursday permitted the government to mint coins of Rs 1,000 denomination even as nostalgia over withdrawal of 25 paise coins (chawani) was witnessed among Rajya Sabha members. The Coinage Bill, 2009 passed by the Upper House, limits payment by an individual through coins up to Rs ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 390
|
|
Railways seeks service tax waiver to keep its finances in order
Posted Date : 11-Aug-2011 , 03:14:52 pm | Posted By CASANSAAR
Indian Railways is casting about for ways to cushion the impact of spiraling fuel prices and may raise passenger fares as a last-ditch measure. An increase in diesel prices in June has added to the worries of the state-run utility, whose finances are already strained by populist measures. ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 384
|
|
More powers to Serious Fraud Investigation Office under the new Companies Bill: M Veerappa Moily, Minister of Corporate Affairs
Posted Date : 11-Aug-2011 , 03:13:16 pm | Posted By CASANSAAR
More powers to Serious Fraud Investigation Office under the new Companies Bill: M Veerappa Moily, Minister of Corporate Affairs He maintained that SFIO had filed 39 cases and all have gone in its favour. "We need to strengthen it by giving it powers of arrest, raid and seizure."
Governme...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 395
|
|
Name change of ICWAI to ICMAI /ICAI
Posted Date : 11-Aug-2011 , 01:45:32 pm | Posted By CASANSAAR
...
Continue Reading...
Category :
ICWAI |
Comments :
2 | Hits : 2155
|
|
Indian deposits in Swiss banks show steady decline
Posted Date : 11-Aug-2011 , 08:17:02 am | Posted By CASANSAAR
The deposits of Indians in Swiss banks have shown a steady decline over the year. It has halved to 9,295 crore rupees last year from about 23,373 crore rupees in 2006.Finance Minister Pranab Mukherjee said this in a written reply to the Rajya Sabha quoting Swiss National Bank data.
Indians accounte...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 732
|
|
Cash economy on income tax radar
Posted Date : 11-Aug-2011 , 08:12:44 am | Posted By CASANSAAR
Those conducting their businesses predominantly in cash and evading income tax have reasons to worry.
Under pressure to enhance tax realisation amid apprehensions of sluggish industrial growth, the Central Board of Direct Taxes has decided to target the cash economy in a big way to boost th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 470
|
|
Finance Minister asks Officers of Indian Cost Accounts Service to Perform the Proactive Role to help the Government to Use Its Resources in Most Optimal and Efficient Manner
Posted Date : 11-Aug-2011 , 08:08:04 am | Posted By CASANSAAR
The Union Finance Minister Shri Pranab Mukherjee said that officers of Indian Cost Accounts Service (ICAS) have a major role to play in facilitating the government in its decision making process through their inputs in solving complex pricing and costing issues. Shri Mukherjee asked the ICAS officer...
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 368
|
|
Supreme Court : Now, you can use RTI to re-evaluate answer-sheets
Posted Date : 10-Aug-2011 , 01:12:18 pm | Posted By CASANSAAR
The Supreme Court on Tuesday ruled that students aggrieved with their examination scores - class X and XII, entrance exam for professional courses as well as job recruitment tests - can now take a look at how they were evaluated by moving an application under the Right to Information A...
Continue Reading...
Category :
General |
Comments :
2 | Hits : 1374
|
|
Zero balance in a/c need not worry you anymore : RBI's decision to be out soon
Posted Date : 10-Aug-2011 , 11:54:27 am | Posted By CASANSAAR
The high court on Tuesday observed that banks recovering penal charges from customers not maintaining minimum balance in their accounts might have to pay back the amount with penal interest once the RBI comes out with its decision. The court's observation came following a public interest ...
Continue Reading...
Category :
RBI |
Comments :
1 | Hits : 1167
|
|
Mauritius & Singapore compete for preferred tax gateways to India
Posted Date : 10-Aug-2011 , 11:25:47 am | Posted By CASANSAAR
The equatorial island nations of Mauritius and Singapore are competing for the role of preferred gateway for foreign investments into India and other Asian countries. Think of it as a triangle, not of love, but of lucre. Companies and rich investors use gateway countries so they can earn profit...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 329
|
|
Indirect tax mopup rises 16.4% to Rs 31.5k cr in July
Posted Date : 10-Aug-2011 , 10:03:08 am | Posted By CASANSAAR
Four months into the new fiscal, the indirect tax collections are holding up well, suggesting that the slowdown is yet to impact tax collections materially. Indirect tax collections in July were up 16.4% from a year ago. In the April-July period the kitty was up 27% from a year ago. "Overall central...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 232
|
|
Switch over to base rate from PLR system
Posted Date : 09-Aug-2011 , 09:57:40 pm | Posted By CASANSAAR
Following the announcement in the Annual Policy Statement for the year 2009-10, Reserve Bank of India (RBI) constituted a Working Group on Benchmark Prime Lending Rate (BPLR) to review the present BPLR system and suggest changes to make credit pricing more transparent. Based on the recommendations o...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 427
|
|
Govt permits foreign investors to invest up to $13 bn in MFs
Posted Date : 09-Aug-2011 , 09:55:00 pm | Posted By CASANSAAR
The government today allowed foreign investors to invest up to $ 13 billion in equity and debt schemes of mutual funds, a move aimed at enhancing depth in the capital market. The announcement comes at a time when there are concerns over the flight of foreign capital and is expected to provide muc...
Continue Reading...
Category :
Shares & Stock |
Comments :
0 | Hits : 407
|
|
Gross NPAs of Public Sector Banks Stood at Rs.71,047 Crore as on 31st March,2011
Posted Date : 09-Aug-2011 , 09:39:08 pm | Posted By CASANSAAR
The Gross Non-performing Assets (NPA) of Public Sector Banks (PSBs) for the period ending March, 2011 stood at Rs. 71,047 crore.
The Gross NPA of State Bank of India for the period ending March, 2011 was Rs. 23,074 crore which constitutes 32% of total Gross NPAs of the PSBs.
This infor...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 329
|
|
Tax arrears of Rs 3.89 lakh cr not realised in FY11
Posted Date : 09-Aug-2011 , 09:35:48 pm | Posted By CASANSAAR
Both direct and indirect tax arrears increased by about 33% to Rs 3.9 lakh crore in 2010-11.
Minister of State for Finance SS Palanimanickam, while replying to different questions in Rajya Sabha, informed that direct tax arrears worth Rs 3,33,077 crore were not realised, while it was Rs 5...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 331
|
|
I-T zeroes in on 50 high-value tax defaulters
Posted Date : 09-Aug-2011 , 04:50:14 pm | Posted By CASANSAAR
Under pressure to unearth blackmoney, the Income Tax department has tracked down over 50 high-value defaulters, who had declared their assets to be zero, with tax liability of over Rs 10 crore. The department has collected information about these defaulters from various sources and will soon in...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 351
|
|
D Subbarao gets 2-year extension as RBI Governor
Posted Date : 09-Aug-2011 , 04:46:24 pm | Posted By CASANSAAR
Ending months of suspense, Prime Minister Manmohan Singh today gave a two-year extension to RBI Governor D Subbarao beyond September. "The Prime Minister approved the extension to D Subbarao, Governor of RBI, for two years," a PMO spokesman said. The extension will be with effect fro...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 340
|
|
Important Instructions for Online Exam Applications - November, 2011
Posted Date : 09-Aug-2011 , 04:43:23 pm | Posted By CASANSAAR
Closing Dates for Online Submission of Exam Application Form for NOVEMBER 2011 Exams are 30th August, 2011 without late fee and 6th September, 2011 with late fee. No New Registrations will be accepted after 17.30 hours (IST) of 6th September, 2011.
DO NOT OPEN MORE THAN ONE SESSION AT THE SAME T...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1597
|
|
CAs should audit social welfare schemes: ICAI
Posted Date : 09-Aug-2011 , 08:21:30 am | Posted By CASANSAAR
The Centre and the state governments must allow certified Chartered Accountants to audit the financial expenses of social welfare schemes and cooperative societies, said G Ramaswamy, president, Institute of Chartered Accountants of India (ICAI).
"We have sent the proposal to respe...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 558
|
|
How to track your income tax refund
Posted Date : 09-Aug-2011 , 08:18:21 am | Posted By CASANSAAR
The Income Tax Department entertains queries for all assessees regarding the refunding of income tax through the Tax Information Network (TIN). The SBI has been appointed as the refund banker, which processes refunds and routes them to the assessees' bank accounts. If the assessee does not choose di...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1239
|
|
US rating downgrade may hit India IT hiring by 1/4th
Posted Date : 09-Aug-2011 , 08:17:44 am | Posted By CASANSAAR
Hiring activity in the Indian IT sector, one of the biggest employers in the country, could fall by about one-fourth due to the downgrade of the USA's credit rating and the deepening economic crisis, experts said. It might take at least 5-6 months for the recruitment activities of the IT sector...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 342
|
|
Goldman Sachs upgrades India's rating to 'market weight'
Posted Date : 09-Aug-2011 , 08:14:32 am | Posted By CASANSAAR
Citing expected improvement in the macro-economic situation, global investment bank, Goldman Sachs today upgraded India's rating to 'market weight', from the earlier 'under-weight,' indicating bullishness in the short-term.Goldman Sachs also cited lower oil prices,and the government's push for polic...
Continue Reading...
Category :
International Business |
Comments :
0 | Hits : 372
|
|
Misuse of Public Issue Funds by Companies
Posted Date : 09-Aug-2011 , 08:12:55 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs today informed the Rajya Sabha that such complaints relate to misuse of public issue funds by way of diversion of funds, non-fulfillment of terms and conditions for the completion of the projects as per the time schedule given in the prospec...
Continue Reading...
Category :
Corporate Law |
Comments :
2 | Hits : 371
|
|
I-T dept says telecom firms haven’t paid TDS
Posted Date : 09-Aug-2011 , 08:09:13 am | Posted By CASANSAAR
The Mumbai income-tax (I-T) department sent a note to the finance ministry and the Central Board of Direct Taxes (CBDT) last week saying telecom firms haven’t paid an estimated Rs. 1,000 crore of tax deducted at source (TDS) while selling their prepaid products through distributors...
Continue Reading...
Category :
Income Tax |
Comments :
2 | Hits : 374
|
|
US crisis may hit export & capital flows: C Rangarajan
Posted Date : 08-Aug-2011 , 04:13:27 pm | Posted By CASANSAAR
Prime Minister's Economic Advisory Council Chairman C Rangarajan today said the downgrade of the US sovereign rating will negatively impact exports and moderate capital flows into the country. "More than the downgrade, what will be the impact for the rest of the world will be the slow pace ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 344
|
|
No difficulty to bring Direct Tax Code into operation from Ist April: FM
Posted Date : 08-Aug-2011 , 07:45:56 am | Posted By CASANSAAR
Union Finance Minister has said that there would be no difficulty to bring Direct Tax Code, DTC into operation from 1st of April next year. Mr. Pranab Mukherjee expressed hope that the Parliamentary Standing Committee will submit its report by Winter Session of Parliament. Speaking at a function in ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 445
|
|
Sebi to upgrade surveillance system
Posted Date : 08-Aug-2011 , 07:42:38 am | Posted By CASANSAAR
Market watchdog the Securities and Exchange Board of India (Sebi) is planning a major upgradation of its key surveillance system through which it monitors data from stock exchange and depositories for identifying the manipulation activities.
The move would help the regulator in its efforts ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 331
|
|
France hands over list of 700 bank accounts in Switzerland
Posted Date : 08-Aug-2011 , 07:38:13 am | Posted By CASANSAAR
After the list of bank accounts of Indians in Liechtenstein, it is the turn of HSBC accounts in Geneva. The government last month received a list of some 700 bank accounts in Switzerland from the French government and investigations are already underway to determine whether any of the account holder...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 414
|
|
|
