-
Posted Date : 27-Dec-2012 , 04:59:15 pm | Posted By CASANSAAR
Diesel prices are likely to go up by Rs. 10 per litre over the next 10 months while kerosene prices may be hiked by Rs. 10 per litre over the next two years, according to the petroleum secretary. The price hike is being considered as the government scrambles to fi...
Continue Reading... Category : General | Comments : 0 | Hits : 376
-
Posted Date : 27-Dec-2012 , 04:51:39 pm | Posted By CASANSAAR
The government has notified the country's newest bourse MCX-SX as a recognised stock exchange, paving the way for initial public offers, listing and trading of shares its platform. MCX-SX (MCX Stock Exchange) has already got an approval from Sebi (Securities and Exchange Board of India) t...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 299
-
Posted Date : 27-Dec-2012 , 08:09:22 am | Posted By CASANSAAR
More than two-thirds of non-banking finance companies (NBFCs) face closure if the Usha Thoratpanel recommendation on minimum asset size is implemented by the Reserve Bank of India, shutting a vital source of funding in many parts of the country.Nearly 9,000 companies lending to borro...
Continue Reading... Category : RBI | Comments : 0 | Hits : 582
-
Posted Date : 26-Dec-2012 , 08:37:05 pm | Posted By CASANSAAR
The government on Wednesday approved 12 foreign direct investment (FDI) proposals, including that of Ratnakar Bank, totalling over Rs 802 crore. The Foreign Investment Promotion Board (FIPB) headed by economic affairs secretary Arvind Mayaram, however, rejected Mahin...
Continue Reading... Category : International Business | Comments : 0 | Hits : 388
-
Posted Date : 26-Dec-2012 , 07:20:38 pm | Posted By CASANSAAR
Amid a growing perception about India Inc doling out huge pay packages to the top management, the government wants the companies to disclose the remuneration paid to promoters and CEOs in perspective of their median staff salary. "Publicly, there is so much debate about the companies spend...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 488
-
Posted Date : 26-Dec-2012 , 08:42:34 am | Posted By CASANSAAR
Terming “cosy” relations between management and auditors of a company as key to accounting frauds, the Corporate Affairs Minister Sachin Pilot has said that such a nexus would not be allowed anymore as lawmakers have become smarter after Satyam sca...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 2924
-
Posted Date : 26-Dec-2012 , 08:34:24 am | Posted By CASANSAAR
The Finance Ministry has decided to take help from the Financial Intelligence Unit-India (FIU-Ind) in tracking evasion of Central excise duty and service tax, mainly in cases where defaulters are not traceable. A senior Finance Ministry official told Business Line, “The data...
Continue Reading... Category : Excise | Comments : 0 | Hits : 399
-
Posted Date : 26-Dec-2012 , 08:32:51 am | Posted By CASANSAAR
The finance ministry on Monday dropped service tax on Aam Aadmi Bima Yojna (AABY) and Janashree Bima Yojna (JBY) and this will save the government some money as the central contribution towards premium in the two schemes is 50% and the rest is contributed by state governments.&nb...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 510
-
Posted Date : 25-Dec-2012 , 06:40:30 pm | Posted By CASANSAAR
Two sitting regional council members lost this election. Ashok Jain and Chandrkant Pawar. Some Interesting facts of WIRC election All Shah won the election. Hardik Shah, Shardul Shah, Julfesh Shah, Shruti Shah, Priyam Shah, except Mahesh Shah from Vasai. And all these Shah coming from diff...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 1056
-
Posted Date : 25-Dec-2012 , 06:31:20 pm | Posted By CASANSAAR
India's foreign direct investment (FDI) inflows into the services sector increased by a mere 5 per cent to $3.6 billion during the April-October period of this fiscal, according to the latest data of industry ministry. The financial and non-financial services sector had attracted ...
Continue Reading... Category : International Business | Comments : 0 | Hits : 272
-
Posted Date : 25-Dec-2012 , 04:00:35 pm | Posted By CASANSAAR
Corporate Affairs Minister Sachin Pilot has said that a nexus between management and auditors would not be allowed anymore as lawmakers have become smarter after Satyam scam. "Sometimes, auditors get into too cosy a relationship with the management, which creates a lot of proble...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 594
-
Posted Date : 25-Dec-2012 , 08:48:25 am | Posted By CASANSAAR
Now, Facebook has come under fire for its tax affairs in the UK after it emerged that the social networking giant paid just 2.9 million pounds in tax on profits of over 800 million pounds. Filings for Facebook Ireland, through which all of the social network's profits outside...
Continue Reading... Category : International Business | Comments : 0 | Hits : 252
-
Posted Date : 25-Dec-2012 , 08:41:47 am | Posted By CASANSAAR
Leading bourse BSE today said it will suspend trading in shares of 31 companies, including Jyothy Consumer Products andJupiter Bioscience, with effect from January 16 for their failure to comply with various provisions of the exchange's listing agreement. These companies have not fulfille...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 210
-
Posted Date : 25-Dec-2012 , 08:37:18 am | Posted By CASANSAAR
The Reserve Bank of India on Monday said it will pump in Rs 8,000 crore in the market on December 28 by buying government securitiesto ease the liquidity situation. “Consistent with the stance of monetary policy and based on the current assessment of prevailin...
Continue Reading... Category : RBI | Comments : 0 | Hits : 211
-
Posted Date : 25-Dec-2012 , 08:34:34 am | Posted By CASANSAAR
The third installment of the Advance Tax collection recorded a growth of 10.44 per cent to Rs. 78,226 crore, finance ministry said today. Advance Tax collections for the month of December 2012 (up to December 20) stood at Rs. 78,226 crore, against Rs. 70,826 ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 170
-
Posted Date : 25-Dec-2012 , 08:34:14 am | Posted By CASANSAAR
FOR INFORMATION OF THE MEMBERSSubject: Extension of last date “for complying with the CPE hours requirement for the calendar year 2012” - from 31st December, 2012 to 31st January, 2013 This is for kind information of the members that it has been decided to extend the last date for ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 712
-
Posted Date : 25-Dec-2012 , 08:22:31 am | Posted By CASANSAAR
Counting Starts with Western India Regional Constituency and Western India Regional Council. First update of Counting: Total Postal Ballots received : 338 votes. 15% of total eligible postal ballot voters! Ballot boxes about to be opened!!! One by one all...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 2841
-
Posted Date : 25-Dec-2012 , 08:21:45 am | Posted By CASANSAAR
Western India Regional Constituency (Regional Council) Update as on 24th December, 2012, Time: 10:00 PM (Click Here) Western India Regional Constituency (Central Council) Update as on 23rd December, 2012, Time: 6:00 PM (Click Here)...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 8628
-
Posted Date : 24-Dec-2012 , 04:39:24 pm | Posted By CASANSAAR
A three-digit helpline number, 167, has been allotted by the Centre to the Delhi government for its 'office for helping women in distress.' Delhi Chief Minister Sheila Dikshit had reportedly requested Telecom Minister Kapil Sibal for a three-digit number for the department. Usually, the ministry is...
Continue Reading... Category : General | Comments : 0 | Hits : 531
-
Posted Date : 23-Dec-2012 , 08:12:14 pm | Posted By CASANSAAR
Borrowers from Non Banking Financial Companies (NBFC) now have time till 31 March 2013 to replace their old system bank cheques with new ones with added security features for their equated monthly instalment (EMI) payments, the Reserve Bank of India (RBI) said in a circular. The banking regulator...
Continue Reading... Category : Banking | Comments : 0 | Hits : 241
-
Posted Date : 23-Dec-2012 , 07:52:28 pm | Posted By CASANSAAR
Calling for a need to define lobbying through a legal framework to differentiate between advocacy and bribery, corporate affairs minister Sachin Pilot has favoured disclosures by companies and industry bodies about their representations to government on specific policy issues. "I think th...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 300
-
Posted Date : 23-Dec-2012 , 07:25:03 pm | Posted By CASANSAAR
Job seekers can look forward to a prosperous new year with more than 10 lakh new jobs expected across various sectors including FMCG and retail, says a survey. Coming against the backdrop of uncertain economic conditions, the projected number of new jobs in 2013 is way higher than...
Continue Reading... Category : General | Comments : 0 | Hits : 671
-
Posted Date : 23-Dec-2012 , 07:09:36 am | Posted By CASANSAAR
The foreign exchange reserves rose by a robust 1.637 billion dollars to touch 296.63 billion mark during the week ended December the 14th.According to the Reserve Bank's weekly statistical supplement, the gold reserves remained unchanged at 27.803 billion dollars during the week....
Continue Reading... Category : Finance | Comments : 0 | Hits : 186
-
Posted Date : 22-Dec-2012 , 07:11:26 am | Posted By CASANSAAR
Institute of Chartered Accountants of India (ICAI) has submitted its report to the Election Commission on auditing of accounts of political parties, a top official said on Friday. As per the request of EC, the Institute has made a few suggestions and prepared a report to th...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 389
-
Posted Date : 21-Dec-2012 , 08:29:20 pm | Posted By CASANSAAR
The Banking Laws (Amendment) Bill 2011 was introduced in order to amend the Banking Regulation Act, 1949, the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980. The said Bill has been passed by both the Houses of Parliament during its just concluded Winter Session. Thi...
Continue Reading... Category : Banking | Comments : 0 | Hits : 955
-
Posted Date : 21-Dec-2012 , 08:28:43 pm | Posted By CASANSAAR
The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs) registered with the Securities a...
Continue Reading... Category : International Business | Comments : 0 | Hits : 245
-
Posted Date : 21-Dec-2012 , 07:53:10 am | Posted By CASANSAAR
Students joining their chartered accountancy course through common proficiency test or articleship through direct entry scheme across India will have to gear up to study the revamped syllabus. TheInstitute of Chartered Accountants of India (ICAI) taking note of the outdated nature of some subje...
Continue Reading... Category : Students Zone | Comments : 0 | Hits : 1184
-
Posted Date : 21-Dec-2012 , 07:52:05 am | Posted By CASANSAAR
The Central Government has been vigorously pursuing the cases of black money stashed abroad and in bringing them back. For this purpose, a five pronged strategy has been adopted which is as follows: i) Joining the global crusade against ‘black money’ (for example out action in G 20,...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 226
-
Posted Date : 21-Dec-2012 , 07:49:59 am | Posted By CASANSAAR
In a move that could improve its flow of home loans business, State Bank of India is putting in place an online sanction process which allows the bank to instantaneously approve loan amounts by linking its portal with Credit Information Bureau of India (Cibil). ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 449
-
Posted Date : 20-Dec-2012 , 09:16:42 pm | Posted By CASANSAAR
The Government receives information from various countries regarding assets including bank accounts held abroad by Indians under the respective Double Taxation Avoidance Agreements/Tax Information Exchange Agreements. Receipt of such information is an ongoing process. Based on information recei...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 211
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR
