Benami transactions bill introduced in Parliament
Posted Date : 19-Aug-2011 , 05:59:26 am | Posted By CASANSAAR
The government on Thursday introduced in Parliament a comprehensive bill to clampdown on 'benami transactions'. The Benami Transactions (Prohibition) Bill 2011 provides for confiscation of such property and imprisonment. The new bill, introduced by finance minister Pranab Mukherjee, will replace the...
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General |
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Jan Lokpal Bill: Anna Hazare to fast at Ramlila Maidan from tomorrow
Posted Date : 18-Aug-2011 , 02:45:05 pm | Posted By CASANSAAR
Gandhian Anna Hazare will fast at Ramlila Maidan from tomorrow. Arvind Kejriwal, a civil society member said that Anna will leave Tihar only after taking stock of preparations. Team Anna members said that once Ramlila Maidan is ready, Anna will leave Tihar Jail. Meanwhile, Team Anna has gi...
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General |
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2 | Hits : 1012
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Anti-dumping duty on Chinese chemical extended for 5 yrs
Posted Date : 18-Aug-2011 , 02:41:00 pm | Posted By CASANSAAR
The government has decided to continue imposing anti-dumping duty of up to $ 515.94 per tonne on imports of a chemical from China, used in industries like pharmaceuticals and dyeing, for five more years to protect domestic industry. The restrictive duty on Sodium Nitrite, which is also used in ...
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Custom |
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Coal India topples RIL as India's most valued firm
Posted Date : 18-Aug-2011 , 09:01:58 am | Posted By CASANSAAR
Coal India (CIL) has overtaken Reliance Industries (RIL) as the country’s most valuable company by market capitalisation.
At Wednesday’s closing price, Coal India’s market capitalisation stood at Rs2.51 lakh crore ($55 billion), while that of Reliance was at Rs2.47 lakh crore ($...
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Shares & Stock |
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Now, govt eyes TDS in service tax
Posted Date : 18-Aug-2011 , 08:18:02 am | Posted By CASANSAAR
The Central Board of Excise and Customs (CBEC) has proposed to introduce a Tax Deducted at Source (TDS) mechanism in collecting service tax.
TDS has been successfully used for direct taxes like the income tax. Although the proposal is at initial stage, the board has set up a study g...
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Service Tax |
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SEBI comes out with a proposed regulatory regime for AIF
Posted Date : 18-Aug-2011 , 08:14:33 am | Posted By CASANSAAR
Sebi recently came out with a proposed regulatory regime for alternative investment funds ( AIF). While the regulator has its heart in the right place, the proposals need to be thought through from the ground up. It would be useful to summarise briefly what Sebi is seeking to do with these p...
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SEBI |
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Pranab rejects Moily proposal of merging CBEC & CBDT
Posted Date : 18-Aug-2011 , 08:09:08 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee has rejected the proposal of former law minister M Veerappa Moily to merge Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) to curb black money generation.
In his capacity as the law minister, Moily in a letter to Mukherje...
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Finance |
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Government suspends M Ramadoss as chairman of New India Assurance
Posted Date : 18-Aug-2011 , 08:06:13 am | Posted By CASANSAAR
The government has suspended M Ramadoss chairman of New India Assurance of the country's largest general insurance firm. Central Bureau of Investigation is examining Ramadoss' role in the irregularities in distribution of credit insurance cover to Paramount Airways.
This is the second inst...
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General |
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Statement of Prime Minister today in Lok Sabha on Anna Hazarre's movement for bringing Jan Lokpal Bill.
Posted Date : 17-Aug-2011 , 01:47:56 pm | Posted By CASANSAAR
Following is the text of the statement made by the Prime Minister, Dr. Manmohan Singh in the Lok Sabha today:
"Hon’ble Speaker,
2. It is my painful duty to report to this House certain events that took place yesterday in New Delhi.
3. Hon’ble Members are aware that after...
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General |
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ICAI
Posted Date : 17-Aug-2011 , 08:02:48 am | Posted By CASANSAAR
Status of In-charge of Head office or branch of Chartered Accountant Firm
ICAI has considered the issue regarding status of In-charge of a Head Office of a firm of chartered accountants or its Branch Office and clarified that- “A member designated In-charge of an office of a chartered accou...
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ICAI |
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ED
Posted Date : 17-Aug-2011 , 08:00:51 am | Posted By CASANSAAR
The Minister of State for Finance, Mr Namo Narain Meena, told the Rajya Sabha on Tuesday that the Directorate of Enforcement (ED) has initiated enquiries against Bharti Airtel about alleged contraventions of the Foreign Exchange Management Act (FEMA).
The Minister also said that the market regula...
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FEMA |
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I-T dept to expedite systems for quick processing of returns
Posted Date : 17-Aug-2011 , 07:59:25 am | Posted By CASANSAAR
Encouraging results of the income tax department’s efforts to promote electronic filing of returns have prompted the Central Board of Direct Taxes (CBDT) to accelerate the procedure and stabilise systems infrastructure so as to ensure quick processing of all I-T returns.
The Centralised Proce...
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Income Tax |
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Rs 20 lakh crore illicit money flows out from India : GFI
Posted Date : 17-Aug-2011 , 07:57:28 am | Posted By CASANSAAR
A report of Global Financial Integrity (GFI) has estimated the total value of illicit money that has flown out of India at 462 billion US dollar approximately 20 lakh crore rupees. In a written reply to the Rajya Sabha, minister of state for Finance,S S Palanimanickam informed this. He said, the pre...
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General |
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Finance Minister gives go-Ahead to Environment Strategy for Central Board of Excise and Customs
Posted Date : 17-Aug-2011 , 07:55:38 am | Posted By CASANSAAR
In a first for any taxation department, the Union Finance Minister Shri Pranab Mukherjee has given his go-ahead to an “Environment Strategy” for the Central Board of Excise and Customs (CBEC) that would change the way business is done by the Customs, Central Excise and Service Tax offici...
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Excise |
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July headline inflation at 9.22 pc y/y: Govt
Posted Date : 16-Aug-2011 , 01:03:33 pm | Posted By CASANSAAR
India's wholesale price index (WPI) rose an annual 9.22 percent in July, government data showed on Tuesday. The figure was almost in line with the median forecast for a 9.20 percent rise in a Reuters poll and was lower than the annual rise of 9.44 percent in June. The WPI is more closely w...
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General |
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Govt debts crossed $41 trillion globally in 2010
Posted Date : 16-Aug-2011 , 01:02:16 pm | Posted By CASANSAAR
The total amount of debt incurred by governments across the world jumped to a staggering USD 41.1 trillion last year, accounting for 69 per cent of the global GDP, because of stimulus packages and anaemic economic growth, says a report. Many governments , especially in the developed world, have...
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Finance |
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Sebi probe shows rise in dirty money in stock market
Posted Date : 16-Aug-2011 , 08:31:13 am | Posted By CASANSAAR
The finance ministry, in response to a Parliament question, has not ruled out that a lot ofblack money is flowing into the stock market. Suspicious transactions reported by mutual funds, depository participants and stock brokers have shown a 40% growth in the last one year, with the Securi...
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SEBI |
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No immediate threat to India's sovereign rating: S&P
Posted Date : 16-Aug-2011 , 08:29:02 am | Posted By CASANSAAR
Standard and Poor's has said there is no immediate threat to India's sovereign debt rating of BBB, though loose fiscal policy and the government's inability to carry forward economic reforms could have implications in the medium term. "We do not see an immediate impact on India's sovereign ra...
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International Business |
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SEBI wants powers to see phone call, e-mail records
Posted Date : 16-Aug-2011 , 08:19:07 am | Posted By CASANSAAR
The Securities and Exchange Board of India has sought powers to seek e-mail and call records from telecom service providers.
This move, the market regulator hopes, will help it prevent black money entering the market as also keep an eye on insider trading.
The Minister of State for Finance, Mr N...
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SEBI |
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0 | Hits : 891
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Google to buy Motorola Mobility
Posted Date : 16-Aug-2011 , 08:17:14 am | Posted By CASANSAAR
Google Inc said it will buy phone hardware maker Motorola Mobility Holdings Inc for $12.5 billion in cash to bolster the adoption of its Android mobile software.
The deal is Google's biggest deal to date. At $40 a share, the offer represents a 63 percent premium to Motorola Mobility's Frida...
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Income Tax |
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On the Occasion of Independence Day 18 RPF Officers Received President
Posted Date : 15-Aug-2011 , 06:10:39 am | Posted By CASANSAAR
On the occasion of Independence Day, 2011, the Hon’ble President awarded President’s Police Medal for Distinguished Service and Police Medal for Meritorious Service to following Railways Protection Force/Railway Protection Special Force ( RPF/RPSF) officers and per...
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General |
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Any bank can now join national financial switch: NPCI
Posted Date : 14-Aug-2011 , 04:29:44 pm | Posted By CASANSAAR
The National Payments Corporation of India (NPCI) has said any bank with round-the-clock core banking solution capabilities, with/out ATMs, can now join the national financial switch (NFS) through a sponsor bank. NPCI is an umbrella institution for all the Retail Payments Systems' in the coun...
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Banking |
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No more Tax-Free zones: Finance Minister
Posted Date : 14-Aug-2011 , 09:33:28 am | Posted By CASANSAAR
Finance Minister says, there will be no more Tax-Free zones in the country. Talking to news persons in Siliguri today Pranab Mukherjee said that instead of tax free zone, the Centre is considering creating special economic zones in backward districts.He said Tax-free zone status in Himachal Pradesh ...
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Income Tax |
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Prime Minister
Posted Date : 14-Aug-2011 , 09:30:42 am | Posted By CASANSAAR
Following is the text of Prime Minister’s reply to Shri Anna Hazare’s letter dated 14th August, 2011:“I have received your letter, carrying the date 14th August, 2011 and carefully read its contents. Your grievance that the police has given you permission to protest and go on ...
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General |
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Get ready for more I-T raids this financial year
Posted Date : 14-Aug-2011 , 09:28:01 am | Posted By CASANSAAR
Tax evaders can expect frequent crackdowns by the income tax (I-T) department. The reason — an increase in collection target has put authorities under tremendous pressure. The direct tax collection target for Mumbai has been increased from Rs1.85 lakh crore to Rs2.04 lakh crore. For the countr...
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Income Tax |
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0 | Hits : 937
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Full text of Anna Hazare's letter to PM Manmohan Singh
Posted Date : 13-Aug-2011 , 10:21:21 pm | Posted By CASANSAAR
India Against CorruptionA-119, Kaushambi, Ghaziabad . 201010. UP Ph: 09868069953www.indiaagainstcorruption.orgDate: April 6, 2011 To,
Dr. Manmohan Singh,Hon'ble Prime Minister of IndiaNew Delhi
Dear Dr. Singh,
I have started my indefinite fast at Jantar mantar. I...
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General |
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ICSI playing a pivotal role in promoting good governance among the corporates-Dr. M. Veerappa Moily
Posted Date : 13-Aug-2011 , 08:07:23 am | Posted By CASANSAAR
Union Corporate Affairs Minister Dr. M. Veerappa Moily has thrust upon a Corporate culture that must be familiar to the universally accepted values of good governance – accountability, transparency, responsibility and responsiveness to stakeholders. Inaugurating a Corporate Governance Conc...
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ICSI |
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ICAI issues Frequently Asked Questions on verification of marks
Posted Date : 13-Aug-2011 , 08:04:56 am | Posted By CASANSAAR
Frequently Asked Questions on verification of marks:
Please note that this paper is merely an attempt to provide answers to questions on the subject, posed to us, by the candidates from time to time, to the extent possible and with reference to the extant scheme of examination. However, thi...
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Students Zone |
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0 | Hits : 1925
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Possibility of further rate hike due to inflation: RBI
Posted Date : 13-Aug-2011 , 07:44:29 am | Posted By CASANSAAR
The Reserve Bank said the option of going for another round of rate hike at its next mid-quarterly policy review in September do exist as inflationary pressure continues in the economy. "Probability is always there," RBI Deputy Governor K C Chakrabarty said here today when asked whether anoth...
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RBI |
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NSE to charge fee for currency derivative transactions
Posted Date : 13-Aug-2011 , 07:43:18 am | Posted By CASANSAAR
Traders and investors will have to pay a charge for all currency derivative deals on the country's leading bourse, the National Stock Exchange (NSE), with effect from August 22. The move and its impact on trading volumes will be keenly watched by rival exchange MCX-SX, which moved the Competi...
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Shares & Stock |
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