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Posted Date : 30-Oct-2012 , 08:03:16 am | Posted By CASANSAAR
P Chidambaram has said he is reviewing the Direct Taxes Code (DTC) Bill and it will be introduced in Parliament after taking into account the recommendations of the Parliamentary panel.Chidambaram will meet empowered committee of state finance ministers on November 8 to build on...
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Posted Date : 29-Oct-2012 , 11:15:55 pm | Posted By CASANSAAR
Enthused by a renewed optimism among the corporate and individual investors in the capital market, SEBI chief UK Sinha has said that complaints of manipulations in IPOs have dried up after the recent corrective steps. "We are noticing that there is a renewed optimism about the economy and about the ...
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Posted Date : 29-Oct-2012 , 11:14:52 pm | Posted By CASANSAAR
Indicating that a cut in interest rate is likely, the Reserve Bank has said despite high inflation it would take steps to support growth in the half- yearly review of monetary policy tomorrow. RBI said the Survey of Professional Forecasters has lowered the GDP growth projection to 5.7 per cen...
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Posted Date : 29-Oct-2012 , 03:29:01 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) Abu Dhabi Chapter recently held a professional development event in Abu Dhabi at the Burjeel Hospital Auditorium, which was attended by a 130 plus strong audience. The Seminar was on the twin topics of 'Global Economic Scenario' and 'Op...
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Posted Date : 29-Oct-2012 , 03:26:24 pm | Posted By CASANSAAR
The Appellate Authority for chartered accountants has upheld the ICAI's decision to bar two auditors -- P Sivaprasad and Chintapatla Ravindernath – for professional misconduct in auditing the books of erstwhile Satyam Computer Services. The founder chairman of Satyam Computer B Ramalinga Ra...
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Posted Date : 28-Oct-2012 , 07:34:56 pm | Posted By CASANSAAR
Market regulator Sebi plans to hire professional investigating agencies to help it probe matters relating to Sahara group for implementation of a Supreme Court order about refund of money collected from 3 crore investors. The Securities and Exchange Board of India (Sebi) has already...
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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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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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Posted Date : 28-Oct-2012 , 09:37:14 am | Posted By CASANSAAR
Securities and Exchange Board of India, SEBI has advised investors against yielding to any pressure from Sahara or their agents for switching over their investments in two companies -- Sahara India Real Estate Corp Ltd, SIRECL and Sahara Housing Investment Corp Ltd, SHICL-- to other group companies....
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Posted Date : 27-Oct-2012 , 08:26:20 am | Posted By CASANSAAR
A CBDT appointed committee has recommended as many as 14 tax accounting standards. These standards, also known as TAS, if and when adopted, will have a significant impact on computation of income chargeable to tax. The Finance Ministry o...
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Posted Date : 27-Oct-2012 , 08:24:12 am | Posted By CASANSAAR
The Government of the Republic of India and the Government of the Kingdom of Spain signed here today the Protocol for amending the Convention and Protocol between the Government of the Republic of India and the Government of the Kingdom of Spain for avoidance of double taxation and the preventi...
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Posted Date : 27-Oct-2012 , 08:20:43 am | Posted By CASANSAAR
The Comptroller and Auditor General (CAG) is likely to carry out a performance audit similar to its first round rather than limit itself to scrutinizing the financial accounts of Reliance Industries Ltd's (RIL) Andhra offshore gas field. CAG sources said its auditors have the man...
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Posted Date : 27-Oct-2012 , 08:18:37 am | Posted By CASANSAAR
A panel set up by the Central Board of Direct Taxes (CBDT) has proposed new tax accounting standards (TAS) that seek to take away from India Inc the advantage of mark-to-market provisioning for gains or losses on investments in forex derivatives.The committee's report, ...
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Posted Date : 27-Oct-2012 , 08:13:33 am | Posted By CASANSAAR
Former Italian prime minister Silvio Berlusconiwas on Friday sentenced to four years in jail, quickly reduced to one - for tax fraud with Italy's lengthy appeals process likely to ensure he never sees the inside of a prison cell. Scandal-hit Berlusconi, 76, condemned th...
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Posted Date : 27-Oct-2012 , 08:10:37 am | Posted By CASANSAAR
India on Friday signed a tax avoidance agreement with Spain that will facilitate exchange of information on its tax evaders and getting details of financial transactions of domestic companies. The agreement on amending the protocol for avoidance of double taxation and the ...
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Posted Date : 26-Oct-2012 , 07:59:24 pm | Posted By CASANSAAR
Reserve Bank of India has given licence to eight new cooperative banks in the state, Cooperative minister Shivpal Singh Yadav said here today.Yadav said with the licence to eight new banks the total number of cooperative banks would rise to 33 in the state.These new banks would come in Lucknow...
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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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Posted Date : 26-Oct-2012 , 08:20:16 am | Posted By CASANSAAR
The UPA government's most ambitious tax reform, the Goods and Services Tax (GST), moved a step closer to implementation as the Centre and the states narrowed down their differences on several contentious issues. An announcement is likely on November 8 when finance ministerP Chida...
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Posted Date : 26-Oct-2012 , 08:19:01 am | Posted By CASANSAAR
After Ministry of Corporate Affairs, Income Tax department too has launched a probe to trace the source of funding of various firms that invested in BJP president Nitin Gadkari's company Purti Power and Sugar Limited (PPSL). "We will trace the source the funds of the companies including the...
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Posted Date : 25-Oct-2012 , 09:36:39 pm | Posted By CASANSAAR
Petrol prices will be increased by 30 paise per litre and diesel by 18 paise a litre after the government decided to increase the commission paid to petrol pump dealers. Petrol is currently priced at Rs 67.90 per litre in Delhi and diesel Rs 46.95. After the hike, petrol will co...
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Posted Date : 25-Oct-2012 , 09:34:33 pm | Posted By CASANSAAR
Prime Minister Dr Manmohan Singh has constituted a committee to coordinate action for the introduction of direct cash transfers to individuals under the various government schemes and programmes.The National Committee on Direct Cash Transfers chaired by the Prime Minister will provide an overarching...
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Posted Date : 25-Oct-2012 , 09:33:55 pm | Posted By CASANSAAR
The Cabinet Committee on Economic Affairs today approved the disinvestment of 10 per cent paid up equity capital (39,64,71,600 shares, each of Full Value of Rs.1/-) of NMDC out of the Government’s shareholding of 90 percent through ‘Offer for the Sale of Shares through Stock Exchange&rsq...
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Posted Date : 25-Oct-2012 , 08:57:44 am | Posted By CASANSAAR
Following a three-month investigation, the Directorate General of Service Tax (DGST) is set to approach 6,500 bank branches across the country this month to impose service tax on foreign remittances worth Rs 1,19,000 crore towards import of services. The move aims to plug “p...
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Posted Date : 25-Oct-2012 , 08:55:31 am | Posted By CASANSAAR
A former Goldman Sachs and Procter & Gamble Co. board member once widely respected worldwide for his business smarts was sentenced Wednesday to 2 years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend. The India...
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Posted Date : 24-Oct-2012 , 06:05:41 pm | Posted By CASANSAAR
Market watchdog Sebi has asked the government to frame a strong central legislation to tackle the menace of companies collecting large amount of money from the public without requisiteregulatory approvals and for dubious investment projects.Stating the existing legal provisions a...
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Posted Date : 24-Oct-2012 , 06:02:37 pm | Posted By CASANSAAR
The Reserve Bank of India has allowed domestic companies to make payments to units in special economic zones in foreign currency for the services delivered by them. Earlier, this facility was allowed only for payments made for goods. The move assumes significance as the tax-free zones are losing she...
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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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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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Posted Date : 24-Oct-2012 , 08:31:21 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has eased norms for hedging currency risk for foreign institutional investors (FIIs) by allowing them to approach any authorised dealer bank to hedge currency risk on their stock market investments. Foreign institutional investors (FIIs) can approach any auth...
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Posted Date : 24-Oct-2012 , 08:25:27 am | Posted By CASANSAAR
The European Commission on Tuesday agreed a formal first step enabling 10 EU nations to launch a hotly contested Financial Transactions Taxslated to raise billions for the public purse. After plans to launch the tax across the European Union were scuttled duri...
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- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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