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Posted Date : 30-Aug-2011 , 07:28:08 am | Posted By CASANSAAR
The government on Monday said it has cleared 123 foreign direct investment (FDI) proposals worth over 19,711 crore rupees during the current fiscal till August 23. Minister of State for Commerce and Industry Jyotiraditya Scindia said in a written reply to the Lok Sabha that on August 23 this ye...
Continue Reading... Category : Finance | Comments : 0 | Hits : 268
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Posted Date : 30-Aug-2011 , 07:24:52 am | Posted By CASANSAAR
The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of directors which include the duty to act in good faith in best interest of company, to act with due and reasonable care, skill and diligence, to avoid any conflict of inte...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 417
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Posted Date : 29-Aug-2011 , 08:05:00 am | Posted By CASANSAAR
Chartered accountants, who are often blamed for helping clients sidestep the law and masking the truth behind numbers, will have a new code of ethics. After a marathon council meeting last week, the statutory body that makes the rules for the profession decided to overhaul the present code. Amid ...
Continue Reading... Category : ICAI | Comments : 0 | Hits : 671
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Posted Date : 29-Aug-2011 , 07:46:24 am | Posted By CASANSAAR
The government has decided to sanction Rs 2,000 crore to some public sector banks as part of its recapitalisation drive. “We are in the process of sanctioning Rs 2,000 crore to a few public sector banks, but the the disbursement would take place at later date,” official source...
Continue Reading... Category : Banking | Comments : 0 | Hits : 366
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Posted Date : 29-Aug-2011 , 07:39:02 am | Posted By CASANSAAR
Tim Cook has big shoes to fill and he can't do it by just pushing out snazzier versions of the iPhone or iPad. Apples newly minted CEO needs a revolutionary product to prove he has the chops to succeed Steve Jobs, and that may be a full-on assault on the living-room space by as early as 2013, ana...
Continue Reading... Category : International Business | Comments : 0 | Hits : 347
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Posted Date : 28-Aug-2011 , 04:52:53 pm | Posted By CASANSAAR
The RBI has said Indian banks will adhere to the globally agreed timeline for implementation of Basel III norms and guidelines in this regard will be issued in the near future. "The RBI is examining the Basel III regulations and will issue guidelines to the extent applicable for banks operating i...
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Posted Date : 28-Aug-2011 , 04:47:59 pm | Posted By CASANSAAR
"House bows to Anna whip", "Parliament yields to Anna", "Anna wins it for the people" are some of the screaming headlines in newspapers today. But has he really achieved? Opinion is divided among politicians, journalists and others with majority feeling that while the issue of corruption&n...
Continue Reading... Category : General | Comments : 0 | Hits : 294
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Posted Date : 28-Aug-2011 , 10:57:52 am | Posted By CASANSAAR
Anna Hazare ended his fast on the 13th day by drinking cocunut water and honey. He will now spend some time an the Ramlila Maidan and then go straight to the hospital. A Team Anna member said the 74-year-old Gandhian will go to Medanta Medicity in Haryana's Gurgaon soon after he breaks his fast...
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Posted Date : 28-Aug-2011 , 08:37:10 am | Posted By CASANSAAR
Even before his ongoing fast could come to an end, Anna Hazare on Saturday announced he would soon launch another campaign to ensure that no tainted leader gets elected to the next Lok Sabha. Speaking after more than 38 hours, Anna declared he would tour the country and appeal to citizens ...
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Posted Date : 28-Aug-2011 , 08:25:44 am | Posted By CASANSAAR
Jammu and Kashmir Governor N N Vohra has promulgated an Ordinance introducing amendments to the VAT Act, 2005, making cross Line of Control (LoC) trade tax-free for goods manufactured in the state.The Ordinance was promulgated by the Governor yesterday on the recommendations of Chief Minister Omar A...
Continue Reading... Category : VAT | Comments : 0 | Hits : 365
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Posted Date : 27-Aug-2011 , 10:14:53 pm | Posted By CASANSAAR
In what may be termed as one of the biggest victories for the people of India, the fight against corruption received a huge boost on Saturday August 27 when the nation's parliament accepted and agreed to adopt the three major points with regard to the Jan Lokpal Bill. Considered a r...
Continue Reading... Category : General | Comments : 0 | Hits : 367
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Posted Date : 27-Aug-2011 , 09:22:42 pm | Posted By CASANSAAR
Finance Minister Pranab Mukherjee today said Lok Sabha has adopts 'sense of House' on three key issues raised by Anna Hazare. The house was adjourned without voice vote. Rajya Sabha too was adjourned after it adopted 'sense of House' on three key issues raised by Anna Hazare. The lower...
Continue Reading... Category : General | Comments : 0 | Hits : 539
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Posted Date : 27-Aug-2011 , 12:00:22 pm | Posted By CASANSAAR
President Barack obama today declared emergency in three States of New York, Virginia and Massachusetts which empowered federal agencies to take all steps required to protect people and properties, as hurricane Irene with a sustained wind speed of 100 miles per hour gushed toward the eastern s...
Continue Reading... Category : General | Comments : 0 | Hits : 445
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Posted Date : 27-Aug-2011 , 11:49:54 am | Posted By CASANSAAR
The Reserve Bank of India on Friday said banks can now replenish their automated teller machines (ATMs) with cash by borrowing up to 100 million rupees at one go from the central bank if a banking sector strike or any natural calamity creates a situation where ATMs may run out of cash. "Depending u...
Continue Reading... Category : Banking | Comments : 0 | Hits : 421
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Posted Date : 27-Aug-2011 , 11:48:57 am | Posted By CASANSAAR
The Reserve Bank of India has more than doubled its reserves for contingencies this fiscal amid fears of the return of financial instability, such as the one in 2008, due to the worsening European sovereign crisis and flagging US economic recovery. Financial market troubles had eroded the profi...
Continue Reading... Category : RBI | Comments : 0 | Hits : 358
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Posted Date : 27-Aug-2011 , 08:03:33 am | Posted By CASANSAAR
Banking and monetary regulator Reserve Bank of India has indicated that there is probability of further rise in NPA level of banks. The concern was expressed by Anand Sinha, deputy governor, RBI. He however said that there is still no chance of any kind of systemic risk arising. Systemic risk ref...
Continue Reading... Category : RBI | Comments : 0 | Hits : 337
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Posted Date : 26-Aug-2011 , 11:11:54 pm | Posted By CASANSAAR
In its pursuit to unearth black money, the Income Tax Department will probe certain banks and their officials suspected to be helping customers hide illicit funds through multiple accounts. "We have found instances where banks are running multiple accounts of certain customers for the purpose of ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 493
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Posted Date : 26-Aug-2011 , 06:00:22 pm | Posted By CASANSAAR
The government today said the Income Tax Department is collecting information on tax returns filed by various political parties and would place it in Parliament. "The information is being collected from the field formations spread all over the country and to the extent possible shall be laid on the...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 305
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Posted Date : 26-Aug-2011 , 08:15:55 am | Posted By CASANSAAR
Telecom regulator TRAI has said that from first of October unwanted calls and SMS's will get stopped. TRAI Chairman J S Sarma said at a function in New Delhi that a new Telecom regulatory policy will come into force from October.Mr. Sarma asked leading telecom service providers, including Bharti air...
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Posted Date : 26-Aug-2011 , 08:12:30 am | Posted By CASANSAAR
Capital markets regulator Sebi today directed stock brokers and sub-brokers to redress investor complaints within a month of receiving them, saying that failure to do so would make them liable for penal action. The direction comes a day after it announced that all investor complaints should be forwa...
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Posted Date : 26-Aug-2011 , 08:10:57 am | Posted By CASANSAAR
The Delhi High Court today issued notices to the private discoms -- BSES Rajdhani, BSES Yamuna and North Delhi Power Limited (NDPL) and asked them to file their response on a petition seeking audit of their accounts by the Comptroller and Auditor General (CAG). Taking note of the petition filed...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 333
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Posted Date : 26-Aug-2011 , 08:08:29 am | Posted By CASANSAAR
Implementation of a nationwide goods and services tax (GST) in 2012-13 suddenly seems possible, with the assertion of the chairman of the empowered committee of state finance ministers, Sushil Modi, to work towards meeting the April 2012 deadline. A senior finance ministry official ...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 580
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Posted Date : 26-Aug-2011 , 08:04:53 am | Posted By CASANSAAR
Come Monday, Indian investors will be able to directly place bets on two of the leading US equity indices, without worrying about foreign currency. The National Stock Exchange (NSE) will go live with rupee-denominated derivative contracts on S&P500 and Dow Jones Industrial Average (DJIA) indices...
Continue Reading... Category : Shares & Stock | Comments : 0 | Hits : 272
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Posted Date : 26-Aug-2011 , 08:00:30 am | Posted By CASANSAAR
To the embarrassment of the Government, discussion on a SBI subsidiary bill was stalled in the Rajya Sabha today after an error was detected by the Opposition. As the debate was underway, BJP Deputy Leader SS Ahluwlaia pointed that a flaw in State Bank of India (Subsidiary Banks Laws) Amendment Bil...
Continue Reading... Category : Banking | Comments : 0 | Hits : 276
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Posted Date : 26-Aug-2011 , 07:57:43 am | Posted By CASANSAAR
In a first of its kind action in the state, the Income Tax department has conducted surveys in small districts and unearthed tax evasion to the tune of close to Rs 18 crore.The department recently conducted a special drive and conducted raids at the business premises of firms in Tikamgarh dist...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 242
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Posted Date : 26-Aug-2011 , 07:55:54 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corporate sector through enlightened regulation, a decisio...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 282
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Posted Date : 26-Aug-2011 , 07:54:32 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Companies Act, 1956 has prescribed a ceiling on the remuneration of chief executive officers (CEOs) of companies . The total managerial remuneration to be paid to a Board level CEO...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 329
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Posted Date : 26-Aug-2011 , 07:53:05 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 820 foreign companies have been registered during the last three years. ...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 233
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Posted Date : 26-Aug-2011 , 07:51:42 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 238 Companies have been identified as vanishing companies. Companie...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 293
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Posted Date : 25-Aug-2011 , 05:01:14 pm | Posted By CASANSAAR
About 54% of Indian employees are seriously considering leaving their jobs for better opportunities in terms of career and base pay, according to the latest Mercer's What's Working survey. This is a substantial jump of 28% from 26% employees planning to change jobs in 2004. Women may be leading t...
Continue Reading... Category : General | Comments : 0 | Hits : 482
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