President calls for furthering Indo Swiss business momentum
Posted Date : 05-Oct-2011 , 08:52:02 am | Posted By CASANSAAR
The President, Mrs. Pratibha Devi Singh Patil today invited the Swiss government to be a partner in India's skill development mission. She said, the Indian Government has set up a target of training 500 million skilled personnel by 2022.
Mrs. Patil said that Switzerland can jointly contribute t...
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International Business |
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Central Board of Direct Taxes (CBDT), extends the due date of filing of returns.
Posted Date : 04-Oct-2011 , 03:22:54 pm | Posted By CASANSAAR
The Income Tax Department, on consideration of the reports of disturbance of general life caused due to earthquake in the State of Sikkim, the central Board of Direct Taxes, in exercise of powers conferred under section 119 of the income Tax Act. 1961, hereby extends the ‘due date’ of fi...
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Income Tax |
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0 | Hits : 1614
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India debuts world's cheapest tablet computer at $35 tomorrow
Posted Date : 04-Oct-2011 , 08:05:59 am | Posted By CASANSAAR
The world's cheapest tablet computer, which will be unwrapped on Wednesday, will go on sale in India starting December, the maker of the device has said. Created for use by students, the tablet will first be made available to colleges at Rs 1,750 apiece ($35) although it costs Rs 3,000 to pr...
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General |
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Moily urges CAs to act as conduit for India investments
Posted Date : 04-Oct-2011 , 08:01:45 am | Posted By CASANSAAR
Chartered accountants of India, who hold key positions in companies within the Gulf, should serve as a conduit for investments into their country, India’s Minister for Corporate Affairs Dr Veerappa Moily said on
Monday.
In his inaugural address at the 30th annivers...
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Auditing |
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0 | Hits : 906
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CAG
Posted Date : 04-Oct-2011 , 07:55:46 am | Posted By CASANSAAR
The home ministry has declined a request from the Comptroller and Auditor General (CAG) for documents and other material to enable it to carry out an audit of the Padma Awards. The ministry’s decision has the backing of India’s highest law officer, and the file has been cleared by Home...
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CAG |
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Sebi wants companies to disclose 'relevant' risk factors
Posted Date : 04-Oct-2011 , 07:50:37 am | Posted By CASANSAAR
Capital market watchdog Sebi is considering a new set of regulations for disclosure of only relevant risk factors by the companies in a format that is easy-to-understand for the investors.
Besides, the regulator is also planning changes in norms to bring in more clarity in the disclosure of 'rela...
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SEBI |
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0 | Hits : 766
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Zone-shifting of Candidates for November - 2011 CA Exams
Posted Date : 04-Oct-2011 , 07:48:38 am | Posted By CASANSAAR
Due to paucity of accommodation in some Zones opted by the candidates in the cities of Bangalore, Chennai, Delhi, Indore and Kolkata, some of the candidates have been allotted examinations centres in other zones of the said cities where the accommodation is available. In view of this, it is ...
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Students Zone |
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0 | Hits : 952
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Government may allow 100% FDI in single-brand retail
Posted Date : 03-Oct-2011 , 05:23:24 pm | Posted By CASANSAAR
The government is considering allowing foreign companies to completely own single-brand retail stores in the country, after it was forced to put its plans of letting foreign retailers invest in multibrand outlets on the backburner due to lack of political consensus. At present, only 51% forei...
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Finance |
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0 | Hits : 760
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Google ranked world's No.1 employer
Posted Date : 03-Oct-2011 , 05:18:05 pm | Posted By CASANSAAR
Internet search giant Google has been ranked as the best company to work for by management and engineering graduates in two separate surveys, which term the company the world's "most attractive employer" of 2011.According to the survey conducted by global employer branding firm Universum, ...
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International Business |
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0 | Hits : 1033
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Govts, PSUs favour CA firms with MNC link: ICAI
Posted Date : 03-Oct-2011 , 08:26:10 am | Posted By CASANSAAR
Accounting regulator ICAI has accused state and central governments, and PSUs, of deliberately favouring chartered accountant companies having affiliations with multinational audit firms.
"In certain cases, public sector undertakings, the government departments, central and state governme...
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ICAI |
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0 | Hits : 1043
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CBDT nod for tax free bonds worth Rs 30,000 cr
Posted Date : 03-Oct-2011 , 08:19:47 am | Posted By CASANSAAR
The income-tax department has given its nod for NHAI, IRFC, HUDCO and PFC to cumulatively issue tax-free bonds to the tune of Rs 30,000 crore during 2011-12.
Both National Highways Authority of India (NHAI) and Indian Railway Finance Corporation (IRFC) have been allowed to issue tax free bonds of...
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Income Tax |
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0 | Hits : 800
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I-T notices sent to NGOs associated with Kiran Bedi
Posted Date : 03-Oct-2011 , 08:07:30 am | Posted By CASANSAAR
The Income Tax department has sent notices for scrutiny to two NGOs associated with Kiran Bedi, who said she is open to any investigation. The I-T notices to NGOs Navjyoti and India Vision Foundation sent on Saturday pertain to certain exemptions enjoyed by them under v...
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Income Tax |
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0 | Hits : 761
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RBI mulls more interactive Internet presence
Posted Date : 03-Oct-2011 , 08:04:52 am | Posted By CASANSAAR
The Reserve Bank is planning to make its Web interface more interactive with a presence on social networking sites like Twitter, blogs and other online discussion forums.
The RBI is conducting a Web survey where it is asking the visitors to its website whether they would like features like discus...
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RBI |
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0 | Hits : 754
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Moily calls upon NRIs to participate in India
Posted Date : 03-Oct-2011 , 08:01:53 am | Posted By CASANSAAR
The Minister for Corporate Affairs Dr M. Veerappa Moily has called upon Non-resident Indians to participate in the growth story of India as government is making business easy in the country with amending key laws and introducing positive changes to make business easy. Speaking to reporters afte...
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International Business |
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0 | Hits : 719
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Govt to infuse Rs 2 lakh cr into banks by 2020
Posted Date : 02-Oct-2011 , 04:36:46 pm | Posted By CASANSAAR
The government plans a whopping Rs 2 lakh crore capital infusion into the state-owned banks spread over 10 years, to help them meet fund requirement and comply with the Basel-III capital adequacy norms.
"[Capital infusion is] estimated at Rs 2 lakh crore by 2020 in public sector banks," D...
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Banking |
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Hindus'' marriage no religious function for tax purposes: HC
Posted Date : 01-Oct-2011 , 08:51:24 am | Posted By CASANSAAR
The Hindus' marriage ceremony is not a religious but a social function and various kinds of service providers, including those erecting tents for it, are not exempted from paying service tax, the Delhi High Court ruled today.
A bench of Chief Justice Dipak Misra an...
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Service Tax |
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0 | Hits : 1444
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Sebi revises bidding norms for FIIs in infra bonds
Posted Date : 01-Oct-2011 , 08:25:34 am | Posted By CASANSAAR
Revising its norms for foreign institutional investors (FII) in the infrastructure debt bonds, the capital market regulator Sebi today lowered the minimum bidding and allocation amounts for such investors. As per the revised guidelines, no single FII shall be allocated more than Rs 2,000 cror...
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SEBI |
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0 | Hits : 781
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CAG appointed as external auditor of IAEA, WIPO
Posted Date : 30-Sep-2011 , 07:46:26 pm | Posted By CASANSAAR
The Comptroller and Auditor General of India (CAG) will soon be breathing down the necks of two major UN organisations — the International Atomic Energy Agency (IAEA), Vienna and World Intellectual Property Organisation (WIPO), Geneva.
The CAG, which won nationwide praise for its reports on...
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Auditing |
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0 | Hits : 1118
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Cabinet approves new Mines and Minerals Bill
Posted Date : 30-Sep-2011 , 05:23:27 pm | Posted By CASANSAAR
The Union Cabinet has approved the Mines and Mineral Development and Regulation (MMDR) Bill, 2011 aimed at curbing illegal mining and bringing more transparency in the allocation of licenses for mining.Briefing the News persons in New Delhi, Information and Broadcasting Minister Ms. Ambika Soni said...
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General |
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0 | Hits : 801
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Proposed Amendment of the Articles of Agreement of the International Monetary Fund on Reform of the Executive Board approved
Posted Date : 30-Sep-2011 , 05:20:50 pm | Posted By CASANSAAR
The Union Cabinet today gave its approval to certain amendments to the IMF`s Articles of Agreement on Reform of the Executive Board of the IMF.The amendments are part of a package of reforms on quotas and governance in the IMF. Along with the recent quota reforms in IMF (i.e., Fourteenth General Rev...
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Finance |
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0 | Hits : 750
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Private firms may rotate auditors
Posted Date : 30-Sep-2011 , 08:04:36 am | Posted By CASANSAAR
n a major move towards increasing the level of corporate governance and transparency in India, firms will be mandated to rotate their auditors after every four year under the new Companies Bill.At present, private firms are not required to rotate auditors. The system is followed only by government...
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Auditing |
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0 | Hits : 1511
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Chartered Accountant arrested in SpeakAsia scam
Posted Date : 30-Sep-2011 , 08:03:26 am | Posted By CASANSAAR
A chartered accountant was arrested in Mumbai on Thursday in connection with his alleged role in the Singapore-based online survey company SpeakAsia's multi-level marketing scam taking the total number of arrests in the case to six, police said. "Acting on a tip off, the accu...
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General |
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0 | Hits : 1443
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Turmoil in ICAI Pune; Council Member under scan
Posted Date : 30-Sep-2011 , 07:59:35 am | Posted By CASANSAAR
The Pune chapter of Institute of Chartered Accountants of India (ICAI) has suspended a training contract outsourced to a popular chartered accountancy training academy, Zaware's Professional Academy Pvt Ltd, following allegations related to conflict of interest.
The matter assumes significance co...
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ICAI |
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0 | Hits : 1251
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SEBI mandates creation of credit rating agency
Posted Date : 30-Sep-2011 , 07:48:47 am | Posted By CASANSAAR
Stock market regulator sSEBI has made it mandatory to appoint a SEBI approved credit rating agency for valuing structured products and market linked debentures.
SEBI has said that the valuation of structured products would be put up once a week on the websites of the issuer and the rating agency....
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SEBI |
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0 | Hits : 698
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Dip in direct tax collection indicative of slowdown: R S Gujral
Posted Date : 30-Sep-2011 , 07:44:38 am | Posted By CASANSAAR
Union Finance and Revenue Secretary R S Gujral on Thursday flagged concerns over the dip in direct tax collection growth, saying it was indicative of a "slowdown in the economy". Pointing out to disappointing advance tax collection for the second quarter, Gujral said, "There has been a decli...
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Income Tax |
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0 | Hits : 707
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Finance Minister
Posted Date : 30-Sep-2011 , 07:42:09 am | Posted By CASANSAAR
The following is the text of the Finance Minister, Shri Pranab Mukherjee’s statement, made here today: “A number of stories on 2G Spectrum had appeared in the media in January 2011. A view was taken that a harmonized note based on facts should be produced for use by various represen...
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Finance |
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0 | Hits : 676
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Shareholders reject Unitech dividend
Posted Date : 30-Sep-2011 , 07:39:11 am | Posted By CASANSAAR
In an unusual development , the shareholders of realty major Unitech on Thursday rejected management's decision for dividend payment at 5% of share's face value, totalling about Rs 30 crore for the fiscal 2010-11 . The company had earned a net profit of Rs 567 crore in the last financ...
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Shares & Stock |
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0 | Hits : 749
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Kingfisher Airlines got Vijay Mallya's guarantee for Rs 6,176 cr in 2010-11
Posted Date : 29-Sep-2011 , 05:13:08 pm | Posted By CASANSAAR
Working hard to lower its debt and interest costs, Kingfisher Airlines got guarantees worth over Rs 6,100 crore from Chairman and key promoter Vijay Mallya last fiscal toward loan and other liabilities. For providing the additional level of collateral for its funding needs, the company paid a li...
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Accounts |
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0 | Hits : 1206
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BSE gets SEBI approval for SME Exchange
Posted Date : 29-Sep-2011 , 08:31:21 am | Posted By CASANSAAR
The markets regulator SEBI today granted permission to the country's premier bourse BSE to launch its much-touted SME Exchange that will offer a platform to small and medium companies to raise funds from the primary as well as debt markets. Commenting on the development, BSE Managing Director...
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Shares & Stock |
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0 | Hits : 961
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RBI's PTC ruling to impact NBFCs' capital adequacy
Posted Date : 29-Sep-2011 , 08:29:17 am | Posted By CASANSAAR
The capital adequacy and net interest margins (NIMs) of non-banking finance companies (NBFCs) could be under pressure following the Reserve Bank of India issuing fresh guidelines on securitisation, according to the latest report of Standard Chartered Bank. The RBI on Tuesday disallowed credit...
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RBI |
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0 | Hits : 690
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