Females better tax planners, says report
Posted Date : 20-Jul-2011 , 07:13:02 pm | Posted By CASANSAAR
Female salaried employees are paying less tax than their male counterparts due to lower tax slabs and better investments, with the percentage of women with a low tax ratio of 0-5 per cent higher than their male counterparts, according to the latest study. As per the findings of the 'India Tax Ratio ...
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Income Tax |
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RBI seen raising rates again in July, may pause after
Posted Date : 20-Jul-2011 , 01:50:59 pm | Posted By CASANSAAR
RBI is expected to raise its key policy rate by a further 25 basis points next week after inflation quickened in June and may hike once more by the end of the year, before pausing its long tightening campaign, a new Reuters poll shows. Expectations that the repo rate will peak at 8 percent by e...
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RBI |
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0 | Hits : 931
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Girls sweep top 3 ranks in CA exam, make history
Posted Date : 20-Jul-2011 , 07:13:57 am | Posted By CASANSAAR
Yet another male bastion has been decisively breached. It's a long-held myth that girls struggle with numbers and finance. Well, try telling that to Maitreyee Narayansing Rajaput, Arti Jain and Charmy Suresh Sheth. The three young women have made history by sweeping the top three all-India posit...
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Students Zone |
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1 | Hits : 3436
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R S Gujral appointed finance secy
Posted Date : 20-Jul-2011 , 07:11:01 am | Posted By CASANSAAR
Finance minister Pranab Mukherjee is nearly ready with his A-team for the next budget with the government on Tuesday appointing revenue secretary Raminder Singh Gujral as the new finance secretary.
Gujral, who is higher in the seniority list among his batchmates—expenditure secretary Sum...
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Finance |
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0 | Hits : 775
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Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits.
Posted Date : 19-Jul-2011 , 09:30:36 pm | Posted By CASANSAAR
In order to promote the development of Indian Corporate sector and another step towards simplification of procedure under the Companies Act, 1956, the Ministry of Corporate has decided to amend Schedule XIII to the Companies Act, 1956 w.e.f.14.7.2011.
Pursuant to this amendment, no approval of...
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Corporate Law |
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0 | Hits : 1005
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Govt clears FDI proposals worth Rs 3,845cr
Posted Date : 19-Jul-2011 , 09:29:13 pm | Posted By CASANSAAR
The Government today announced clearing of 31 FDI proposals worth Rs 3,844.7 crore, including that of Multiples Private Equity Fund and global tour operator Cox & Kings .
The Government's nod to Multiples Pvt Equity Fund -Scheme-1, Mumbai to bring in foreign funds worth Rs 1,000 c...
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Finance |
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0 | Hits : 763
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PFC to raise Rs 22,000 cr through bonds
Posted Date : 19-Jul-2011 , 05:48:58 pm | Posted By CASANSAAR
State-run Power Finance Corporation (PFC) plans to raise Rs 22,000 crore through issuing infrastructure and tax-free bonds, among others, during the current financial year.
“Our borrowing target for the current financial year is Rs 30,000 crore, out of which we have already ra...
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Finance |
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0 | Hits : 824
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Penalty for illegal mining may be Rs 25,000 per hectare
Posted Date : 19-Jul-2011 , 05:44:26 pm | Posted By CASANSAAR
Mining without licence is likely to attract a penalty of up to Rs 25,000 per hectare or two years imprisonment or both, and failure to implement mines closure plans is likely to cost Rs 1,000 per day per hectare, according to recommendation of a GoM.
The Group of Ministers (GOM) on mines ...
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General |
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0 | Hits : 772
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India may soon export nuclear reactors: US report
Posted Date : 19-Jul-2011 , 01:02:23 pm | Posted By CASANSAAR
India could soon join a select group of countries like US, China and France which export nuclear reactors, a Congressional report has said.
"Only Canada, China, France, Japan, Russia, South Korea, and the United States export nuclear reactors. India may join this group in the near term," th...
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General |
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0 | Hits : 755
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GAIL gets award for excellence in cost management from ICWAI
Posted Date : 19-Jul-2011 , 01:00:10 pm | Posted By CASANSAAR
GAIL (India) Limited has received award for excellence in cost management from The Institute of Cost and Works Accountants of India (ICWAI). On behalf of GAIL, company director (finance) P.K. Jain, received the award from Dr. M. Veerappa Moily, minister of corporate affairs, company said ...
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ICWAI |
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0 | Hits : 906
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Anti-dumping duty imposed on Japanese, Chinese gas
Posted Date : 19-Jul-2011 , 12:55:09 pm | Posted By CASANSAAR
India has imposed anti-dumping duty of up to $1.41 per kg on imports of a gas, used primarily for refrigeration purpose, to protect domestic players from cheap Chinese and Japanese shipments.
The restrictive duty on the import of '1,1,1,2-Tetrafluoroethane or R-134a' would be imposed for ...
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Custom |
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0 | Hits : 979
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ICAI allows audit firms with limited liability
Posted Date : 19-Jul-2011 , 07:10:37 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has allowed audit firms to convert into limited liability partnership (LLP) firms in a move that could set a trend for consolidation in the space dotted with several small entities.
At the same time, the regulator for chartered accountants has...
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ICAI |
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0 | Hits : 1256
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Sushil Modi elected new chief of Empowered Committee on GST
Posted Date : 19-Jul-2011 , 07:06:37 am | Posted By CASANSAAR
In a tactical victory of sorts for Union Finance Minister Pranab Mukherjee, BJP leader and Bihar Deputy Chief Minister Sushil Kumar Modi was on Monday elected Chairman of the Empowered Committee of State Finance Ministers on GST (Goods and Services Tax) in place of the former West Bengal Finance Min...
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GST |
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0 | Hits : 953
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Dr. M.Virappa Moily gives away ICWAI 8th National Awards for excellence in Cost Management 2010
Posted Date : 19-Jul-2011 , 07:03:17 am | Posted By CASANSAAR
Union Minister of Corporate Affairs Dr. M. Virappa Moily today presented the ICWAI 8th National Awards for excellence in Cost Management 2010 to the representatives of leading industrial organisations both in the public sector as well as the private sector at Vigyan Bhawan, New Delhi. Speeking on th...
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ICWAI |
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0 | Hits : 1616
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SAIL merges MEL, plans Rs 1,500 cr infusion
Posted Date : 18-Jul-2011 , 09:49:13 pm | Posted By CASANSAAR
State-run Steel Authority of India (SAIL) today said it had merged Maharashtra Elektrosmelt (MEL) with itself and plans to infuse around Rs 1,500 crore fresh capital in the ferro-alloys maker for expanding its capacity and putting up a power plant.
Existing MEL shareholders would get one ...
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Category :
Merger & Acquisitions |
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0 | Hits : 753
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Hasan Ali stashed $800 mn in foreign banks: ED
Posted Date : 18-Jul-2011 , 09:45:31 pm | Posted By CASANSAAR
Hasan Ali Khan, arrested for alleged money laundering, has stashed $800 million in banks in countries such as the US, Switzerland and Singapore and has links with officials of these banks, the Enforcement Directorate (ED) told the Bombay High Court today.
Justice AM Thipsay was hearing a ...
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General |
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0 | Hits : 832
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L&T Finance's Rs 1,750-cr IPO to open on July 26
Posted Date : 18-Jul-2011 , 05:24:34 pm | Posted By CASANSAAR
L&T Finance Holdings' up to Rs 1,705 crore ($392 million) initial public offering will open on July 26 and close July 29, the company said in a filing with the Registrar of Companies.
The offer will be open for anchor investors on July 26, while it will open for retail bids the next d...
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Shares & Stock |
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0 | Hits : 800
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Zee Entertainment announces up to Rs 700 cr share buyback
Posted Date : 18-Jul-2011 , 05:22:16 pm | Posted By CASANSAAR
Essel Group company Zee Entertainment Enterprises Ltd (ZEEL) on Monday said it will undertake a share buyback programme that will entail an outgo of up to Rs 700 crore. In a filing to the Bombay Stock Exchange, the company said buyback of its fully paid-up equity shares of Re 1 ...
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Category :
Shares & Stock |
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0 | Hits : 777
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Consumer Price Index at 108.8 pts in June
Posted Date : 18-Jul-2011 , 12:43:10 pm | Posted By CASANSAAR
he new Consumer Price Index introduced earlier this year stood at 108.8 points in June, up from 107.1 points in May. While the Consumer Price Index (CPI), according to the new series unveiled in January this year, increased to 108.8 in June vis-a-vis the base of 100 in 2010, the exact inflation...
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General |
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0 | Hits : 740
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Motherson Sumi-Peguform deal valued at 141.5 mn euros
Posted Date : 18-Jul-2011 , 12:41:24 pm | Posted By CASANSAAR
Auto parts maker Motherson Sumi Systems said on Monday the deal to buy a majority stake in Germany's Peguform Group was valued at 141.5 million euros with the firm's share being 72.17 million euros.
The company said it will fund the deal through overseas loans and has appointed ICICI Bank...
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Merger & Acquisitions |
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0 | Hits : 723
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2G case: Court allows CBI to quiz A Raja, 2 others, today between 2 to 5 pm.
Posted Date : 18-Jul-2011 , 12:37:03 pm | Posted By CASANSAAR
A Delhi court today allowed CBI to interrogate afresh former Telecom Minister A Raja and two other accused in the 2G case in the Patiala House court complex.
Special CBI Judge O P Saini allowed CBI, which is yet to file its second supplementary charge sheet in the case, to interrogate Raj...
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General |
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Govt to bring more services under the tax net, says official
Posted Date : 17-Jul-2011 , 09:36:42 pm | Posted By CASANSAAR
The Union finance ministry plans to bring more professions in the services sector under the tax net, a senior bureaucrat said in Mumbai on Sunday. He was speaking at a service tax related event organised by the Associated Chamber of Commerce (Assocham).
"More areas in the services sector ne...
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Income Tax |
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0 | Hits : 768
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No returns filed by 300 political parties: I-T
Posted Date : 17-Jul-2011 , 07:40:59 pm | Posted By CASANSAAR
A country-wide probe conducted by the Income Tax (I-T) department has found that close to 300 registered political parties have never filed their tax returns and the Election Commission has now asked the department to issue notices to them.\
The probe, conducted after the EC asked the Cen...
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Income Tax |
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0 | Hits : 935
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Black money: $2.5 billion stashed in Swiss banks by Indian clients
Posted Date : 17-Jul-2011 , 07:38:42 pm | Posted By CASANSAAR
GENEVA: The Swiss National Bank, the central bank of Switzerland, has estimated that Indian clients had deposits of about $2.5 billion in banks in the European nation in 2010. This is just a fraction of the $1.5-trillion figure that had been projected by political parties and non-governmental o...
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General |
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0 | Hits : 925
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SAIL FPO likely to hit markets around Diwali
Posted Date : 17-Jul-2011 , 01:38:36 pm | Posted By CASANSAAR
The much-delayed share sale of state-run SAIL, expected to mop up Rs 6,000 crore at current market price, will take another three months and may take place around Diwali, Steel Minister Beni Prasad Verma said.
"We are now looking at the time around Diwali (third week of October) for SAIL FPO. That ...
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Shares & Stock |
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0 | Hits : 768
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Govt allows duty-free import of veg, fruits from Dhaka
Posted Date : 17-Jul-2011 , 01:21:05 pm | Posted By CASANSAAR
Ahead of Prime Minister Manmohan Singh's visit to Bangladesh, India, in a goodwill gesture, has allowed zero duty import of vegetables, spices and garments from the neighbouring country, with immediate effect.
However, Bangladesh exporters would enjoy the duty concession only if they dispatch the...
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Custom |
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0 | Hits : 942
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Rs 600 cr tax evasion in Jammu and Kashmir
Posted Date : 16-Jul-2011 , 03:55:08 pm | Posted By CASANSAAR
RTI group Sangrash on Saturday filed a writ petition in the state High Court over the the RTI on the Rs 600 crore tax evasion in Jammu and Kashmir.
The petition has been treated as a Public Interest Litigation (PIL) and a division bench will hear the case on July 20.
An RTI query which was revea...
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Income Tax |
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0 | Hits : 871
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FinMin hopes tax treaty talks with Mauritius to resume before Sept
Posted Date : 16-Jul-2011 , 02:21:21 pm | Posted By CASANSAAR
The finance ministry hopes talks with Mauritius on the Double Tax Avoidance Agreement (DTAA) would restart before September.
“There may be some talks before September, I should say,” said Central Board of Direct Taxes (CBDT) Chairman Prakash Chandra on the sidelines of a funct...
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Income Tax |
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0 | Hits : 826
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Income tax staff crunch may help you escape scrutiny
Posted Date : 16-Jul-2011 , 02:18:56 pm | Posted By CASANSAAR
High-income earners need not sweat over the income tax official . going through their returns with a magnifying lens. There is nearly a 50% chance of their returns escaping a scrutiny because of a critical shortage of midlevel officers in the income tax department. Nearly half the posts of assi...
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Category :
Income Tax |
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0 | Hits : 941
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Despite fuel duty cuts, indirect tax target to be met' by streamlining administration to plug loopholes in tax collections
Posted Date : 16-Jul-2011 , 11:26:57 am | Posted By CASANSAAR
Unfazed over a dent of Rs 37,000 crore due to duty cuts on fuels, the indirect tax division of the finance ministry is quite confident that it will be able to meet the target for Rs 3.97 lakh crore this financial year by toning up administration to identify service tax evaders.
“Dut...
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Excise |
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0 | Hits : 786
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