singapore

The CBI will file its final chargesheet on Rs 14,000-crore Satyam fraud after receiving responses to the Letters of Rogatory (LoR) seeking information in this regard from six countries, Parliament was informed on Thursday. The CBI is reported to have sent LORs -- a formal request sent from the court of one country to a foreign court for judicial assistance -- to six countries: the USA, the UK, Belgium , British Virgin Islands , Mauritius and Singapore . Full Article

Notification No.119 /2010-Customs, New Delhi, 19th November, 2010 G.S.R. (E). – Whereas in the matter of imports of Polypropylene [hereinafter referred to as the subject goods], falling under sub heading 39021000 or 39023000 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, Oman, Saudi Arabia and [...] Full Article

People ask me, what exactly is jugaad? Global management experts attribute India's rapid economic growth to jugaad. In a recent survey by the Legatum Institute, 81% of Indian businessmen said jugaad was the key reason for their success. Full Article

The chances of 1.6 lakh chartered accountants in the country being employed in companies and organisations across the world will soon be brighter with India going in for Mutual Recognition Agreements (MRAs) with many nations. Having already worked out MRAs with Australia and the UK, India is in talks for MRAs with Singapore, Ireland, Canada, Japan, the Netherlands and with some West Asian and Asian countries, Corporate Affairs Ministry officials said. After the US, India.. Full Article

The country’s accounting regulator is doing a reality check on whether Indian accountants stand to gain from the opening up of the sector, ahead of a fresh meeting between officials from India and Singapore for reviewing a bilateral trade pact. Full Article

To check the menace of international cross border tax evasion, the Union Ministry of Finance has approved eight income tax units within the Indian missions overseas, Finance minister Pranab Mukherjee said.The Union Finance Ministry has already set up two income tax overseas units within the Indian missions in Singapore and Mauritius, and recently approved eight more such units to facilitate seamless flow of tax-related information from abroad. Full Article

India chartered accountants eyeing work opportunities abroad will soon be spoilt for choice, with their nodal agency, the Institute of Chartered Accountants of India, negotiating with its counterparts in Canada, Singapore and Ireland to allow the professionals to take up assignments in these countries. Full Article

The government has set up two income tax overseas units at its missions in Singapore and Mauritius and will create such units in eight more countries to facilitate exchange of information on tax-related issues, Parliament was informed today. Full Article