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Posted Date : 03-Jan-2012 , 08:47:53 am | Posted By CASANSAAR
Power Finance Corporation (PFC) has come out with a Rs 5,000-crore tax-free bond issue. PFC is a Navratna Government of India undertaking with the government holding 73.72% stake in it. Allotment will be made on a first-come-first-serve basis and the issue closes on January 16. The Product There...
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Posted Date : 03-Jan-2012 , 08:44:47 am | Posted By CASANSAAR
As part of their efforts to raise more foreign currency resources from Indians abroad, commercial banks have revised rates on dollar- and pound sterling-denominated term foreign currency deposits for some maturities. The revision is based on the assessment of liquidity, asset liability and ...
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Posted Date : 02-Jan-2012 , 08:27:55 pm | Posted By CASANSAAR
Concerned over the declining growth, Reserve Bank Governor D Subbarao has indicated that the central bank could reverse the tight monetary stance adopted by it since March 2010 to tame inflation. "From here on we could expect reversal of monetary tightening," Subbarao told the BBC in an interview...
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Posted Date : 02-Jan-2012 , 05:22:24 pm | Posted By CASANSAAR
The Union Budget will be presented after the completion of elections in five states.The Finance Minister Pranab Mukherjee today said in New Delhi that final dates will be announced after due consultations.He was replying to a query on the likely date for presentation of the Budget.The general budget...
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Posted Date : 02-Jan-2012 , 09:09:24 am | Posted By CASANSAAR
Needn’t show MTM losses on some counts till decade-end; many may choose to write back Sept losses. Friday’s accounting rule relaxation order from the Union ministry of corporate affairs should again lift the shares of companies that had taken a beating due to high foreign exchan...
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Posted Date : 02-Jan-2012 , 09:05:47 am | Posted By CASANSAAR
Last week, the Securities and Exchange Board of India (Sebi) punished seven companies for malpractices committed during their IPO process. It also took action against the merchant bankers who managed the issues. These companies have all had their IPOs in recent months. The malpractices took the s...
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Posted Date : 02-Jan-2012 , 09:02:34 am | Posted By CASANSAAR
The New Year has kicked off with a major economic reform initiative that will allow foreign individuals to directly buy and sell shares of Indian companies in the country’s stock markets.The government has decided to allow Qualified Foreign Investors, to directly invest in the Indian equity ma...
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Posted Date : 01-Jan-2012 , 10:40:18 pm | Posted By CASANSAAR
For the sake of information and academic guidance of students, specified material like question papers, suggested answers, revisionary test papers, supplementary study material, result etc pertaining to CA examinations are being published and hosted in the website www.icai.org from time to tim...
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Posted Date : 01-Jan-2012 , 05:44:50 pm | Posted By CASANSAAR
The new year may bring in loads of cheers for job-seekers, as the experts expect the companies to hire more than five lakh new employees during 2012 despite the uncertainties prevailing about the overall economic scenario. Adding to the cheers of the job market, the employees could expect double-di...
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Posted Date : 01-Jan-2012 , 02:29:51 pm | Posted By CASANSAAR
FOR INFORMATION OF THE MEMBERS Subject: Extension of last date for complying with the CPE hours requirement for the calendar year 2011 for the members holding COP from 31st December, 2011 to 31st March, 2012This is for kind information of the members that the Council of the Institute has decide...
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Posted Date : 01-Jan-2012 , 09:44:05 am | Posted By CASANSAAR
People in Asia and Australia welcomed New Year 2012 with great fanfare, while celebrations are underway in Europe.Sydney heralded the New Year with a 15-minute multi-million dollar firework display at midnight. Sydney's spectacular firework had the theme- Time to Dream which was about giving people ...
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Posted Date : 31-Dec-2011 , 07:54:13 pm | Posted By CASANSAAR
A hike of about Rs 2.10-2.13 per litre in petrol price is needed because of weakening Indian currency, but oil companies are unlikely to revise rates today as scheduled and instead may do so on Monday. State-owned oil companies, as per practice, revise rates of petrol on 1st and 16th of eve...
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Posted Date : 31-Dec-2011 , 03:33:15 pm | Posted By CASANSAAR
Indraprastha Gas Limited has increased the price of Compressed Natural Gas (CNG) by Rs. 1.75 per Kilogram in the national capital. The revised price came into effect on Friday midnight. It is now Rs. 33.75 per kg in Delhi. The CNG prices have also gone up in Noida, Greater Noida and Ghaziabad by ...
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Posted Date : 31-Dec-2011 , 01:35:07 pm | Posted By CASANSAAR
E Sreedharan retires today as Delhi Metro Rail Corporation chief tomorrow and hand over the reins to colleague Mangu Singh after a highly successful 16-year tenure during which he transformed the capital's transport sector through the Metro.79-year-old Sreedharan, who joined the DMRC in 1995, wi...
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Posted Date : 31-Dec-2011 , 08:17:41 am | Posted By CASANSAAR
The Income Tax department today said cash confiscated by surveillance teams on the directions of Election Commission will be returned only after the completion of assessment of I-T returns for 2011-12 fiscal which may take up to two years. "Persons whose cash has been seized (by surveillance teams)...
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Posted Date : 31-Dec-2011 , 08:15:32 am | Posted By CASANSAAR
In order to help investors guard against interest rate fluctuations, capital market regulator Sebi today introduced two-year and five-year exchange-traded IRFs (Interest Rate Futures) in government bonds. "It has now been decided to permit the introduction of cash settled futures on 2-year and 5-...
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Posted Date : 31-Dec-2011 , 08:10:02 am | Posted By CASANSAAR
The RBI says Tier 1 capital comprising pure equity and statutory and capital reserves must be at least 7 per cent and total capital must be at least 9 per cent of risk-weighted assets (RWAs). In order to strengthen risk management mechanism, the Reserve Bank today issued draft guideline envisaging ...
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Posted Date : 30-Dec-2011 , 08:23:17 am | Posted By CASANSAAR
The auditor of the Hyderabad based software outsourcer Prithvi Information Solutions (PISL) have refused to sign the financial accounts of the company for 2010-11. According to a copy of the minutes of the annual general meeting (AGM) seen by ET and also filed by the company with BSE, VK Asthana ...
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Posted Date : 30-Dec-2011 , 08:18:45 am | Posted By CASANSAAR
To protect foreigners who lend to Indian NGOs in a violatile rupee market, the Reserve Bank of India (RBI) has permitted them to buy forward cover for their loans. The measures announced by RBI said foreign equity holders, including overseas organisations or individuals, can approach Indian bank to...
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Posted Date : 30-Dec-2011 , 08:08:36 am | Posted By CASANSAAR
To curb instances of black money use during the polls in five states, 204 Indian Revenue Service (Income Tax) officials have been deployed as 'expenditure observers' by the Election Commission. A total of 204 IRS officers, in the ranks of Additional Commissioners of Income Tax, largely drawn from...
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Posted Date : 30-Dec-2011 , 08:02:56 am | Posted By CASANSAAR
ComplaintRaise complaint or concerns with respect to MCA21 services GrievanceRaise a grievance (Please use this link only if you are a MCA Employee/Ex-employee) SuggestionProvide your valuable feedback and suggestions for future improvements QueryAsk information or g...
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Posted Date : 29-Dec-2011 , 07:12:14 pm | Posted By CASANSAAR
Important Announcement for PCC/IPCC & Final Students This is to bring to the attention of students that the Revised Schedule VI to the Companies Act, 1956 issued by the Ministry of Corporate Affairs on 28th February, 2011 pertaining to the preparation of Balance Sheet and Profit and Los...
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Posted Date : 29-Dec-2011 , 06:32:52 pm | Posted By CASANSAAR
The government today indicated it will present the budget for 2012-13 on February 29, the assembly elections in five states notwithstanding."Legally there is no impediment in presenting the budget on February 29 ... There is nothing which prevents us," said a senior Finance Ministry official associa...
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Posted Date : 29-Dec-2011 , 09:07:06 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has sought to punish three merchant banks, including Punjab National Bank's merchant banking arm, and seven recently-listed firms and their promoters, accusing them of misusing IPO proceeds, performing shoddy due-diligence process, and aiding pro...
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Posted Date : 29-Dec-2011 , 09:03:43 am | Posted By CASANSAAR
The Reserve Bank today allowed cooperative and primary urban cooperative banks to fix their interest rates on various non-resident deposit schemes.Extending the ambit of its recent decision to deregulate deposit rates, RBI said, "Banks are free to determine their interest rates on both savings d...
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Posted Date : 29-Dec-2011 , 09:02:14 am | Posted By CASANSAAR
The direct tax collection for the current fiscal is likely to fall short of the Budget Estimate by around Rs 20,000 crore, a Central Board of Direct Taxes (CBDT) official told The Indian Express. The shortfall is imminent because the economy’s outlook has worsened and the first indications ar...
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Posted Date : 28-Dec-2011 , 10:09:19 pm | Posted By CASANSAAR
Canadian BlackBerry maker Research in Motion ( RIM), battling tough competition from Apple's iPad, is offering over 50 percent discount on its PlayBook tablets under a limited festive season offer till Dec 31. A company spokespe...
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Posted Date : 28-Dec-2011 , 09:36:39 pm | Posted By CASANSAAR
The Indian economy has expanded at a rapid rate during the current decade and the corporate sector has been the biggest contributor in this growth story. While the Ministry of Corporate Affairs is working towards reforming the enabling environment for effective functioning of the corporat...
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Posted Date : 28-Dec-2011 , 05:14:24 pm | Posted By CASANSAAR
Smarting under poor response and bad health, Anna Hazare today called off his fast a day ahead of schedule and repeated his threat to campaign against Congress in the five poll-bound states for not brining a strong Lokpal. The 74-year-old activist made the surprise announcement midway...
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Posted Date : 28-Dec-2011 , 12:31:53 pm | Posted By CASANSAAR
The Reserve Bank of India, RBI, has cautioned the public against falling prey to fictitious offers of cheap funds that are rampant in recent times.In a press statement at Guwahati, the RBI said, the fraudsters often lure the public in the form of lottery prize money through letters, e-mails, SMS etc...
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