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Posted Date : 30-Nov-2011 , 10:00:37 pm | Posted By CASANSAAR
Petrol price has been slashed by 78 paise, a litre in Delhi. Petrol in Delhi will cost 65.64 rupees per litre against the present 66.42. This will come in to force from midnight tonight.Petrol will cost 82 paise less in Kolkata and Mumbai and 83 paise less in Chennai. This is the second reduction in...
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Posted Date : 30-Nov-2011 , 08:54:09 am | Posted By CASANSAAR
Sebi has imposed a penalty of Rs 5 lakh on G Jayaraman, compliance officer of erstwhile Satyam Computer alleging violation of insider trading rules. Sebi conducted an investigation relating to insider trading in shares of Satyam in 2008-09. It revealed that company's announcement on December 16,...
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Posted Date : 30-Nov-2011 , 08:51:37 am | Posted By CASANSAAR
India has received information on around 1,500 transactions from Denmark and Finland under Double Taxation Avoidance Agreements with these countries and the CBDT is looking into the data. "... Information relating to around 1,500 transactions has been recently received from Denmark and Finl...
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Posted Date : 30-Nov-2011 , 08:49:33 am | Posted By CASANSAAR
The Rs 45 crore tax exemption given to the ICC on the revenue generated from this year's cricket World Cup here was "unjustified and devoid of merit", the Standing Committee on Finance has concluded in an inquiry.The World Cup was jointly hosted by India, Sri Lanka and Bangl...
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Posted Date : 30-Nov-2011 , 08:45:30 am | Posted By CASANSAAR
Volatility is inherent in any market. It is an outcome of perceptions of the investors – domestic and overseas, retail and institutional – about the economy, the sector and the company. The domestic fundamentals of economy are strong and intact. Capital flows on account of Fo...
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Posted Date : 30-Nov-2011 , 08:44:50 am | Posted By CASANSAAR
In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF), headed by Smt Shyamala Gopinath, the then Deputy Governor, Reserve Bank of India, Notifications on changes...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 453
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Posted Date : 29-Nov-2011 , 08:54:56 pm | Posted By CASANSAAR
The National Capital has emerged as one of the most unsafe cities along with Patna, Kanpur and Meerut in the country, according to a report by online realty portal 99acres.com. The report, which was prepared by global market research firm YouGov on behalf of 99acres.com, has found Chandigarh to b...
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Posted Date : 29-Nov-2011 , 03:54:06 pm | Posted By CASANSAAR
The government is likely to retain various contentious provisions in the new Companies Bill, like fixed term for independent directors and rotation of auditors every five years, despite concerns raised by industry. In thefinal draft of Companies Bill 2011, the Corp...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 501
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Posted Date : 29-Nov-2011 , 08:18:10 am | Posted By CASANSAAR
Accounting regulator ICAI is examining violation of certain clauses of the Chartered Accountants Act by multinational audit firms, Parliament was informed today. "Some instances of violations have come to the notice of the Institute of Chartered Accountants of India (ICAI) which is examining the...
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Posted Date : 29-Nov-2011 , 08:15:52 am | Posted By CASANSAAR
The Supreme Court Monday issued notice to the securities and exchange regulator on a plea of two Sahara group companies which challenged a Securities Appellate Tribunal's (SAT) award directing them to refund Rs.17,400 crore they had collected from investors through Optional Fully Convertible Deb...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 219
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Posted Date : 29-Nov-2011 , 08:14:26 am | Posted By CASANSAAR
Air India Ltd has won the central bank’s approval for a debt recast plan crucial to the state-run carrier receiving desperately needed government funds over the next 10 years. The Reserve Bank of India (RBI) has, however, approved some of the loss-making carrier’s proposals while rejecti...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 320
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Posted Date : 29-Nov-2011 , 08:10:14 am | Posted By CASANSAAR
The Central Board of Excise and Customs (CBEC) has asked the government for 25,000 more employees, equivalent to 40% of its current staffing level, to meet the growing workload. The finance ministry unit helps formulate policy on the levy and...
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Posted Date : 29-Nov-2011 , 08:08:49 am | Posted By CASANSAAR
While the issue of FDI in retail has paralyzed the Winter session of Parliament, the Empowered Group of state finance ministers met here on Monday and indicated that the Centre's failure to compensate them on Central Sales Tax (CST) among other pending issues would jeopardize the rolling out of indi...
Continue Reading... Category : GST | Comments : 0 | Hits : 410
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Posted Date : 29-Nov-2011 , 08:07:07 am | Posted By CASANSAAR
Owing to a sluggish trend in the stock market, at least 25 companies have called off their Initial Public Offer plans so far in 2011, a report has said. Mostly from the real estate and power sectors, these 25 IPOs (Initial Public Offers) were together estimated to raise about Rs 31,000 crore wort...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 237
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Posted Date : 29-Nov-2011 , 08:05:08 am | Posted By CASANSAAR
India Inc said political parties should reach a consensus on the government's decision to open the multi-brand sector to foreign investment. "We will request political parties to support the government's decision as it would help SMEs... There should be a minimum sort of an agreement in such are...
Continue Reading... Category : International Business | Comments : 0 | Hits : 223
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Posted Date : 28-Nov-2011 , 08:41:12 am | Posted By CASANSAAR
The government is likely to retain various contentious provisions in the new Companies Bill, like fixed term for independent directors and rotation of auditors every five years, despite concerns raised by industry In the final draft of Companies Bill 2011, the Corporate Affairs Ministry is ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 311
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Posted Date : 27-Nov-2011 , 11:42:27 am | Posted By CASANSAAR
Double Taxation Avoidance Agreement (DTAA) between India and Nepal will be signed tomorrow by the Finance Ministers of both the countries in Kathmandu. This Agreement (DTAA) would replace an earlier Agreement between two countries which was signed way back in 1987. The Union Finance Minister Shri Pr...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 235
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Posted Date : 26-Nov-2011 , 06:13:00 pm | Posted By CASANSAAR
A Delhi court on Saturday ordered registration of FIR against former IPS officer Kiran Bedi for allegedly cheating and misappropriating funds in collusion with foreign companies and other foundations.Additional Chief Metropolitan Magistrate Amit Bansal directed the crime branch of Delhi Po...
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Posted Date : 26-Nov-2011 , 07:57:36 am | Posted By CASANSAAR
There is a huge demand for Chartered Accountants (CA) and it is estimated that India will require another 5 lakh CAs by 2020.This was stated by C A Shanmukh Sundaram, chairman of Southern India RegionalCouncil of The Institute of Chartered Accountants of India (SIRC of ICAI) . ...
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Posted Date : 26-Nov-2011 , 07:54:21 am | Posted By CASANSAAR
CBI is understood to have communicated to the Central Board of Direct Taxes that none of the individuals whose names figure in the LGT Bank accounts for stashing illegal funds abroad has any pending CBI cases against them. The list of 18 individuals was provided to the CBI by the CBDT to ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 241
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Posted Date : 25-Nov-2011 , 08:28:38 pm | Posted By CASANSAAR
In an effort to resolve a long-standing payment crisis, the Reserve Bank of India (RBI) has given permission to the Central Bank of Iran to open rupee accounts with two Indian banks, namely UCO and IDBI. "Permission from the RBI has very recently come to open rupee accounts with two Indian banks...
Continue Reading... Category : International Business | Comments : 0 | Hits : 303
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Posted Date : 25-Nov-2011 , 08:19:39 pm | Posted By CASANSAAR
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on November 15, 2011, Government has approved 18 Proposals of Foreign Direct Investment amounting to ` 2126.20 crore appr...
Continue Reading... Category : Finance | Comments : 0 | Hits : 316
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Posted Date : 25-Nov-2011 , 08:18:33 pm | Posted By CASANSAAR
The time has come for all the stakeholders in the growth of Indian economy to come forward and launch a national movement to build a culture of competition so as to promote innovation, entrepreneurship and inclusive growth and to be part in ushering second generation of reforms. This was stated by t...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 216
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Posted Date : 25-Nov-2011 , 08:41:55 am | Posted By CASANSAAR
Union Cabinet on Thursday approved the Companies Bill. Top official sources said that the bill is likely to be tabled in the current session of Parliament. The Bill provides for stricter corporate governance norms. Once approved by Parliament, it will replace the Companies Act of 1956. Among other t...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 710
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Posted Date : 25-Nov-2011 , 08:38:56 am | Posted By CASANSAAR
Income tax officials have seized Rs 100 crore deposited in 13 different accounts of Ana branch of Bank of India at Jharia after searches at the residences of contractor and coal dealer Lal Babu Singh, alias Lal Bahadur Singh, concluded at the Shimla Bahal area on Thursday morning. The inco...
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Posted Date : 25-Nov-2011 , 08:36:46 am | Posted By CASANSAAR
India signed an Agreement with the Eurasian Group(EAG) today to inter-alia enhance cooperation in the areas of Money laundering and Terrorist Financing. The Cabinet had approved the agreement earlier this month. The agreement was signed by Dr. Thomas Mathew, Joint Secretary (Capital Markets) Divisio...
Continue Reading... Category : International Business | Comments : 0 | Hits : 266
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Posted Date : 25-Nov-2011 , 08:36:00 am | Posted By CASANSAAR
The Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) which will replace Company Law Board, Board for Industrial and Financial Reconstruction and Appellate Authority for Industrial and Financial Reconstruction.Provisions regarding ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 648
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Posted Date : 24-Nov-2011 , 08:59:50 pm | Posted By CASANSAAR
The government on Thursday approved 51 percent FDI in multi-brand retail and 100 percent in single-brand, a decision that will allow global mega chains like Walmart, Tesco and Carrefour to open outlets in India.Seen as a major boost to improve the situation of policy paralysis that continue to haunt...
Continue Reading... Category : International Business | Comments : 0 | Hits : 417
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Posted Date : 24-Nov-2011 , 02:48:05 pm | Posted By CASANSAAR
The government has asked the accounting regulator to remind companies that they have only a week left for switchover to the new financial reporting format, after data showed less than 7% of companies had complied till a week ago. All listed companies and some unlisted ones are required to file th...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 854
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Posted Date : 24-Nov-2011 , 09:01:01 am | Posted By CASANSAAR
For Rs 450, individuals can now get a copy of their credit history and credit score - the document which in recent years has become an important determinant of whether an individual is eligible for a loan on not. On Wednesday, Credit Information Bureau of Indi...
Continue Reading... Category : General | Comments : 1 | Hits : 774
- 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
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