Government Policy, Finance and general News and Articles

No tax worse than inflation- Chidambaram

Concerned over high inflation, Union Home Minister P Chidamabaram today expressed doubt on whether the government had all instruments to check price rise. "Inflation is high, food inflation is very high... we are not sure whether we have all the too
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Coke ropes in Tendulkar for 20 Crore, strikes 3 year deal

Master blaster Sachin Tendulkar is understood to have finalised a three year endorsement deal estimated around Rs 20 crore with beverage major Coca Cola, after rival PepsiCo dropped him about two-and-half years back. According to industry sources, Co
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Government Working on Procedures for NRI’s to Vote Soon

The government is working on procedures to enable NRI,s to vote soon. Addressing the curtain raiser press conference of PBD-2011, here today, the Minister of Overseas Indian Affairs, Shri Vayalar said that the Parliament has passed the bill on Voting
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Conference on XBRL on the 18th February 2011 at Mumbai

The quest for a solution in the area of Financial Reporting alongwith the capabilities of XML for electronically reporting financial information gave birth to XBRL (eXtensible Business Reporting Language). In the recent times, XBRL has emerged as a p
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Finance ministry wants government banks to help cut deficit

Bank of Baroda and Canara Bank are among state-run banks that have been summoned by the finance ministry to discuss higher dividend payouts in an effort to cut fiscal deficit amid fears of shortfall in disinvestment gains. Chiefs of many banks will m
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Citibank fraud – Puri invested most of funds in derivatives

The alleged mastermind of Rs 300 crore Citibank fraud, Shivraj Puri, invested most of the funds raised from corporate entities and high networth individuals in derivative instruments in stock markets.
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Export in Dollar Terms Grows 26.50 Percent in November 2010

India’s exports during November, 2010 were valued at US $ 18895 million (Rs. 85063 crore) which was 26.5 per cent higher in Dollar terms (22.3 per cent higher in Rupee terms) than the level of US $ 14933 million (Rs.69537 crore) during November, 2009
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Soon PF account Number will be Replaced by UID

The retirement fund manager EPFO plans to replace PF account number with unique identification number, a move which will help in speedy transfer of subscribers' funds in case of job change and allow them to track their accounts online. At present whe
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