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Posted Date : 20-Dec-2012 , 09:13:01 pm | Posted By CASANSAAR
The objective of restructuring is to conserve valuable financial assets in a downturn, revival of entities and ensuring safety of the funds lent by the banks. Although, the Gross Non-Performing Assets (NPAs) and restructuring of loans of Public Sector Banks (PSBs) have shown an increasing trend, at ...
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Posted Date : 20-Dec-2012 , 10:49:50 am | Posted By CASANSAAR
Gujarat Party Lead Won BJP 115 CONG 61 GPP 2 Others 4 Himachal Pradesh Party Lead Won CONG 36 BJP 26 Others 6...
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Posted Date : 20-Dec-2012 , 07:49:22 am | Posted By CASANSAAR
Ø The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956. Ø The entire bill has been divided into 29 chapters. Ø Many new chapters have been introduced, viz., Reg...
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Posted Date : 19-Dec-2012 , 10:55:21 pm | Posted By CASANSAAR
Stock market regulator SEBI has revised the base minimum capital (BMC) deposit requirement for brokers (offering algorithmic trading) to a maximum of Rs 50 lakhs. BMC for stock brokers will be enhanced and for trading members in the derivatives segment, BMC would be intr...
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Posted Date : 19-Dec-2012 , 01:26:17 pm | Posted By CASANSAAR
Realty major DLF today said it has signed an agreement to sell back luxury hotel chain Amanresorts to the hospitality property's founder and Chairman Adrian Zecha for about USD 300 million (over Rs 1,600 crore).In a filing to the BSE, DLF said the sale of the hotelsand resorts under t...
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Posted Date : 19-Dec-2012 , 07:39:09 am | Posted By CASANSAAR
The Lok Sabha today passed the revised Companies Bill, which had been hanging fire since it was first introduced in the House in August 2008. During the debate over the Bill in the Lower House today, the government re-emphasised that the aim is to protect the interest of employees and small in...
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Posted Date : 18-Dec-2012 , 09:09:08 pm | Posted By CASANSAAR
The Lok Sabha today passed the Banking (Amendment) Bill, aimed at attracting more foreign investment into the banking industry in yet another move by Prime Minister Manmohan Singh to open up Asia's third-largest economy. The Bill was passed after the government earlier today agreed to drop the cont...
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Posted Date : 18-Dec-2012 , 06:07:23 pm | Posted By CASANSAAR
Promoter of crisis-ridden Kingfisher Airlines and UB Group Chairman Vijay Mallyamade an offering of gold bricks, weighing about three kg, at the famous hill shrine of Lord Venkateswara on his 58th birthday today. Mallya donated the gold after offerin...
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Posted Date : 18-Dec-2012 , 01:58:38 pm | Posted By CASANSAAR
The Indian economy suffered USD 1.6 billion in illicit financial outflows in 2010, capping-off a decade in which it experienced black money losses of USD 123 billion, according to a new report. India is ranked as the decade's 8th largest victim of illicit capital fligh...
Continue Reading... Category : International Business | Comments : 0 | Hits : 316
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Posted Date : 18-Dec-2012 , 01:55:18 pm | Posted By CASANSAAR
The RBI left its key interest rates unchanged as expected on Tuesday but said policy focus was shifting towards growth, reiterating its October guidance of further easing in the first quarter of 2013 as inflation was seen cooling. "In view of inflation pressures ebbing,&nbs...
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Posted Date : 18-Dec-2012 , 11:24:45 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday kept key policy rates including the cash reserve ratio (CRR) unchanged. While the repo ratewas maintained at 8%, CRR was also maintained at status quo of 4.25%. D Subbarao maintained that risks to inflation ...
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Posted Date : 18-Dec-2012 , 07:54:42 am | Posted By CASANSAAR
A bill, which seeks to enlarge the definition of money laundering offences and could help curb funding of terrorist operations, was approved by Parliament today.The Prevention of Money Laundering (Amendment) Bill was passed by the Rajya Sabha by voice vote afterFinance ...
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Posted Date : 17-Dec-2012 , 09:24:03 pm | Posted By CASANSAAR
The government today informed Parliament that the Income Tax Department and its other wings are probing the information received with regard to foreign bank accounts of individuals and entities with the HSBC bank. "HSBC list of accounts is being investigated by the Income Tax Dep...
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Posted Date : 17-Dec-2012 , 09:23:22 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Monday allowed property developers to borrow money overseas through external commercial borrowing (ECB) for funding low-cost housing projects. Housing finance companies can also avail of ECB for financing prospective owners of low-cost housing units, the...
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Posted Date : 17-Dec-2012 , 09:22:44 pm | Posted By CASANSAAR
Compliance with the requirements of Corporate Governance as laid down in the Companies Act is looked into by the Registrars of Companies and suitable action is initiated wherever there is failure to comply with the law. Giving this information in written reply to a question in the Rajya Sa...
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Posted Date : 17-Dec-2012 , 08:29:03 am | Posted By CASANSAAR
A fact finding team of Institute of Chartered Accountants of India (ICAI) will visit the 9 acre property at Luxora Township in Pipla on December 20 to probe its purchase for Rs99 crore. The final report is expected to be submitted on December 31. Jaideep Shah, a Nagpur char...
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Posted Date : 16-Dec-2012 , 07:32:09 pm | Posted By CASANSAAR
Capital markets regulator Sebi has revamped its expert committee on disclosure and accounting standards, which is mandated to suggest ways for improving disclosure framework for listed companies and accounting practices of various market entities. The Sebi Committee on Disclosur...
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Posted Date : 16-Dec-2012 , 07:08:59 pm | Posted By CASANSAAR
Naina Lal Kidwai on Saturday took over as President of FICCI, becoming the first woman to head the leading industry body. FICCI said in a statement at the conclusion of its Annual General Meeting in New Delhi Kidwai, 55, is the first woman and professional manager to be elected as President of ...
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Posted Date : 15-Dec-2012 , 07:47:11 pm | Posted By CASANSAAR
A Chartered Accountant has an obligation, not only statutory but also moral and social, to be absolutely and completely diligent and cautious and careful while preparing, signing andcertifying Annual Accounts and/or Audit report. Several Government and private organizations and indivi...
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Posted Date : 15-Dec-2012 , 07:34:02 pm | Posted By CASANSAAR
Employees of public sector banks will observe one-day country-wide strike on December 20 in protest against the government's move to place the Banking Law Amendments bill in the current session of Parliament. Addressing a press conference here, RA Singh, president of Jharkhand Pradesh Bank Employees...
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Posted Date : 15-Dec-2012 , 08:26:45 am | Posted By CASANSAAR
More young people should take up chartered accountancy for study as it is inexpensive and offers good job opportunities, Vijay Kapur, Director, Board of Studies, Institute of Chartered Accountants of India (ICAI), has said. He was the chief guest at the State-level conference of s...
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Posted Date : 14-Dec-2012 , 09:18:37 pm | Posted By CASANSAAR
Bank account holders can continue to use their old format cheques for another three months as RBI has extended the deadline for banks to issue new cheques with uniform security features till March next year. The Reserve Bank in a notification today said, "Taking into consideration represent...
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Posted Date : 14-Dec-2012 , 06:49:16 pm | Posted By CASANSAAR
Nearly one crore seventy lakh customers across the country are presently using banking services through mobile phones. Finance Minister P Chidambaram informed the Lok Sabha today in a written reply that the Banks are making efforts to introduce mobile-enabled banking services in Indian language...
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Posted Date : 14-Dec-2012 , 06:47:37 pm | Posted By CASANSAAR
Processing of returns of income, including those with refund claim, is a continuous process. Statutory time limit to process returns of income is with reference to the financial year of their receipt. As per the Income Tax Act, 1961 returns received during the financial year can be processed upto on...
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Posted Date : 14-Dec-2012 , 06:46:37 pm | Posted By CASANSAAR
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of Indi...
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Posted Date : 14-Dec-2012 , 08:08:09 am | Posted By CASANSAAR
The Punjab government has decided to introduce online payment of VAT refunds from April 1, 2013 to bring transparency and expedite the process of refunds. A dedicated corpus of Rs 150 crore will also be created in the excise and taxation department to ensure hassle-free refunds, which will...
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Posted Date : 14-Dec-2012 , 08:02:54 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Thursday announced a series of measures to prevent flash crash. It has asked exchanges to put an upper limit on a single order at Rs 10 crore and also decided to tighten the dynamic price band around a stock that will stretch only 10 per cent eith...
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Posted Date : 14-Dec-2012 , 07:59:00 am | Posted By CASANSAAR
On the request of the Central Government and persistent follow up in June, 2011, France has provided details of Indians having bank accounts in one of the banks of Switzerland under the provisions of Double Taxation Avoidance Convention (DTAC) between India and France. Based on this information, inv...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 275
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Posted Date : 13-Dec-2012 , 09:34:17 am | Posted By CASANSAAR
The Revenue Department has asked its officials to take action against those entities which do not promptly deposit with exchequer the tax they collect at source. “The CBDT has taken serious view of non-filers (of tax deducted at source) and has incorporated a new section 234E in the A...
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Posted Date : 13-Dec-2012 , 09:28:29 am | Posted By CASANSAAR
The United Nations’ Panel of External Auditors which comprises Supreme Audit Institutions (SAIs) engaged in auditing United Nations, its specialised agencies and the International Atomic Energy Agency, held its 53rd meeting which concluded last night at the UN Headquarters in New York. Shri Vi...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- 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
