Govt
Posted Date : 21-Nov-2012 , 09:03:43 am | Posted By CASANSAAR
Amidst talks of a no-confidence motion or a vote on the FDI issue, the government has lined up key financial sector Bills including long-pending legislations for pension and insurance sector as well as the supplementary demand for grants for the forthcoming winter session of Parliament that begins o...
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Sahara moves SAT, seeks more time
Posted Date : 20-Nov-2012 , 09:13:30 am | Posted By CASANSAAR
Sahara Group on Monday moved the Securities Appellate Tribunal (SAT) against Sebi, seeking more time to submit documents related to about three crore investors in the case involving two group companies. Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Investment Corporation...
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Petrol price cut by 95 paise per litre
Posted Date : 15-Nov-2012 , 07:40:22 pm | Posted By CASANSAAR
Petrol price was today cut by 95 paise per litreon account of fall in international oil prices. It is the second reduction in rates since October.The cut will come into effect from midnight tonight.
Petrol in Delhi would cost 67.24 rupees a litre , down 95 paise from 68.19 rupees a ...
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Petrol likely to get cheaper by Re 1
Posted Date : 10-Nov-2012 , 08:54:48 am | Posted By CASANSAAR
Petrol price may be cut by as much as Re 1 per litre over the next few days when state-owned oil firms review rates.
Petrol prices were last revised on October 27 when they were raised by 29 paise to Rs. 68.19 per litre in Delhi following government raising the commission paid to petrol pum...
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Case can
Posted Date : 02-Nov-2012 , 08:50:34 pm | Posted By CASANSAAR
The Supreme Court today said a criminal case cannot be dismissed merely because of delay in lodging a complaint if the delay has been reasonably explained.A bench of justices P Sathasivam and Ranjan Gogoi said, the prosecution case cannot be rejected merely on the ground of delay since the...
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Reliance Life to hire 1,000 people
Posted Date : 28-Oct-2012 , 07:31:08 pm | Posted By CASANSAAR
Leading private sector insurer Reliance Life Insurance Company(RLIC) plans to hire about 1,000 employees for its new distribution channel Life Plaza by March, 2013.
RLIC, part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, is also setting up close to 200 b...
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Cabinet reshuffle: PM inducts 15 new faces; Elevates 7 ministers to cabinet rank
Posted Date : 28-Oct-2012 , 07:26:11 pm | Posted By CASANSAAR
The President of India, as advised by the Prime Minister, appointed and administered the Oaths of Office and Secrecy to the following members of the Union Council of Ministers:-
CABINET MINISTERS
1.
Shri K. Rahman Khan
2.
Shri Dinsha&n...
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SC: Courts should be cautious in implicating family members in dowry cases
Posted Date : 26-Oct-2012 , 07:56:10 pm | Posted By CASANSAAR
The Supreme Court has said that family members of a man should not be implicated in a dowry case just because their names have been mentioned in the complaint without any specific allegation levelled against them. The apex court said that courts should be cautious in implicating family members ...
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Govt seeks applications for post of CCI member
Posted Date : 24-Oct-2012 , 08:39:48 am | Posted By CASANSAAR
The government has invited applications for the post of a member at the Competition Commission of India (CCI), the regulator that keeps a tab on anti-competitive practices in the market.
The post would be filled up by direct recruitment and government officials, if chosen, would have to seek ...
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Govt asks PSUs to invest surplus cash or pay special dividend
Posted Date : 24-Oct-2012 , 08:37:45 am | Posted By CASANSAAR
Faced with difficult government finances, Prime Minister Manmohan Singh today asked cash-rich 25 central PSUs to invest their surplus fund of Rs2.5 lakh crore to reignite economic growth.
In a meeting convened by the Prime Minister and also attended by finance minister P Chidambaram, the to...
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Entertainment tax on DTH unconstitutional: Court
Posted Date : 21-Oct-2012 , 08:09:32 am | Posted By CASANSAAR
The Madras High Court has held that the imposition of 30 per cent entertainment tax on Direct-to-Home services in the State is unconstitutional and directed the State government to exempt DTH services from entertainment tax.
A Division Bench comprising justices Chitra Venkataraman and K. Ra...
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PM launches Aadhar enabled services for direct Cash transfer and other benefits
Posted Date : 21-Oct-2012 , 08:07:46 am | Posted By CASANSAAR
The Prime Minister on Saturday rolled out the UPA government's ambitious direct cash transfer system and other Aadhar enabled services to eliminate fraud and corruption. Launching the scheme on 2nd aniversary of Aadhaar project at Dudu near Jaipur in Rajasthan this morning Dr. Manmohan Singh said th...
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Govt suspends Kingfisher Airlines' license to fly.
Posted Date : 21-Oct-2012 , 08:05:50 am | Posted By CASANSAAR
Kingfisher Airlines' license has been suspended. Its licence to fly commercial airlines was suspened by the Director General of Civil Aviation - DGCA - for failing to come up with a viable plan to revive its finance and resolve the operational problems and the impasse with its employees over payment...
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RTI can
Posted Date : 13-Oct-2012 , 08:17:34 am | Posted By CASANSAAR
Prime Minister Manmohan Singh on Friday cautioned against the “frivolous” and “vexatious” use of the RTI Act, saying that the citizens’ right to know should be circumscribed if it encroaches on an individual’s privacy.
He also warned against blanket exten...
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Non-bailable arrest warrant issued against Vijay Mallya
Posted Date : 13-Oct-2012 , 07:43:48 am | Posted By CASANSAAR
A special magistrate court here on Friday issued a non-bailable arrest warrant (NBW) against the Chairman of Kingfisher Airlines, Vijay Mallya, and four other directors for non-appearance in cases relating to bouncing of cheques issued in favour of GMR Hyderabad International Airport Limited (GHIAL)...
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7 out of 10 youths in Punjab take to drugs: Rahul Gandhi
Posted Date : 11-Oct-2012 , 09:24:26 pm | Posted By CASANSAAR
Rahul Gandhi today claimed seven out of 10 youths in Punjab have a drug problem, triggering a controversy with ruling Akali Dal asking how the Congress leader came to this "mathematical conclusion" on drug addiction in the state.
Winding up his two-day visit to Punjab, Rahul also said that ...
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Govt considering amendment to Prevention of Corruption Act, says PM
Posted Date : 11-Oct-2012 , 07:26:43 am | Posted By CASANSAAR
The Prime Minister has said that the Government is considering amendments to the Prevention of Corruption Act to make it more stringent.Dr. Manmohan Singh said that Government proposes to include corporate failure to prevent bribery as a new offence. Dr. Singh said that his Government is examining h...
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Petrol prices to be slashed by 56 paise from Tuesday
Posted Date : 08-Oct-2012 , 09:16:37 pm | Posted By CASANSAAR
Indian Oil Corporation and oil marketing companies will cut petrol prices by 56 paise per litre efective from midnight tonight. The new retail prices of petrol in Delhi will be 67.90 rupees a litre, about 0.8 percent lower than current 68.46 rupees a litre.
Country's three state-run fuel re...
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Govt approves 49% FDI in insurance & pension sectors, approves 12th Five Yr Plan draft document
Posted Date : 05-Oct-2012 , 08:17:23 am | Posted By CASANSAAR
The Union Cabinet today approved necessary amendments to the Insurance Laws Amendment Bill, Pension Fund Regulatory and Development Authority Bill and the Companies Bill. Briefing newsmen on the cabinet decisions in New Delhi this evening, Finance Minister, Mr. P.Chidambaram said the foreign equity ...
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Government likely to consider FCRA bill
Posted Date : 03-Oct-2012 , 10:59:04 pm | Posted By CASANSAAR
The government is likely to take a decision tomorrow on a bill that seeks to provide more powers to commodity market regulator Forward Markets Commission (FMC) and introduction of products like options."The Cabinet is likely to take up the Forward Contract Regulation Act (Am...
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Rs 3,561 cr integrated development plan approved for Ludhiana
Posted Date : 01-Oct-2012 , 08:33:52 am | Posted By CASANSAAR
The Punjab government on Sunday approved “Mission Ludhiana” — a Rs 3,651-crore integrated development plan for the industrial city and its adjoining areas.
In a meeting here on Saturday, Deputy Chief Minister Sukhbir Singh Badal also tied up the financial resources for the...
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Justice Altamas Kabir to be sworn in as Chief Justice of India today
Posted Date : 29-Sep-2012 , 11:14:02 am | Posted By CASANSAAR
Justice Altamas Kabir, the senior-most judge of the Supreme Court will be sworn in as the next Chief Justice of India today. Justice Kabir, 64, who will succeed Justice Sarosh Homi Kapadia, will serve a tenure of nine months till July next year.
The new appointee has delivered several...
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Sahara agrees to refund Rs 24,000 crore to investors in 3 months
Posted Date : 28-Sep-2012 , 03:34:10 pm | Posted By CASANSAAR
Sahara Group on Friday assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures (OFCDs) from their investors will refund the amount within three months.
“We will refund the amount. There is no question of going b...
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Sandeep Patil replaces K Srikkanth as chief BCCI selector, Mohinder Amarnath dropped
Posted Date : 27-Sep-2012 , 04:37:43 pm | Posted By CASANSAAR
Former Indian cricketer Sandeep Patil was on Thursday appointed the Chairman of the national selection committee, whileMohinder Amarnath was sacked after serving just one year in the panel.
The 56-year-old Patil's appointment to the hot seat, replacing Kris Srikkanth, came as a ...
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Cabinet clears 7% hike in DA for Central Govt employees
Posted Date : 24-Sep-2012 , 08:57:16 pm | Posted By CASANSAAR
The Union Cabinet today approved a 7 per cent hike in the Dearness Allowance, DA, for central government employees. In its meeting chaired by Prime Minister Dr Manmohan Singh in New Delhi, the cabinet give its nod to hike in DA. The approval will benefit 80 lakh central government employees and pens...
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Get FREE Regular Professional Updates via SMS / email from CASANSAAR
Posted Date : 24-Sep-2012 , 08:44:29 am | Posted By CASANSAAR
Now receive SMS / email alerts on the go from CASANSAAR.COM. This free subscription will entitle you to faster complete updates. Receive Professional, Tax and Career related updates in your mobile / email inbox and stay ahead in your professional life.Some features CASANSAAR SMS / ema...
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Anna confirms split, asks Kejriwal not to use his name or photo
Posted Date : 20-Sep-2012 , 02:24:01 pm | Posted By CASANSAAR
Team Anna on Wednesday suffered a vertical split with Anna Hazare and some top activists choosing to part ways with the Arvind Kejriwal-led group, opposing their plans to form a political party. After a roller-coaster ride of 18 months in which they came together to run a high-steam anti-graft movem...
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Accounts of PSU oil companies under scrutiny
Posted Date : 20-Sep-2012 , 09:16:00 am | Posted By CASANSAAR
The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not. The move was initiated at the behest of finance minister P Chidamabram, who asked his officers to look into the issue even before diesel pr...
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7% DA hike likely for central govt employees
Posted Date : 19-Sep-2012 , 09:45:52 pm | Posted By CASANSAAR
The central government is likely to hike dearness allowance from 65 per cent to 72 per cent, benefiting about 50 lakh of its employees and 30 lakh pensioners, on Friday.
“The proposal to increase dearness allowance (DA) by 7 per cent of the basic pay is scheduled to come up for consid...
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Mamata withdraws support from UPA II, Trinamool ministers to resign on Friday
Posted Date : 18-Sep-2012 , 08:45:02 pm | Posted By CASANSAAR
Trinamool Congress chief and West Bengal chief minister Mamata Banerjee on Tuesday evening announced after 3-hr party meeting in Kolkata that her party decided to withdraw support from UPA government on the issue of diesel price hike, LPG cap and the FDI multi-brand retail decisions by the cent...
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