Government does not propose to change the method of calculation of Inflation based on the Wholesale Price Index (WPI), which is being published on weekly basis regularly since 1947. According to available information, 157 countries use the Consumer Price Index (CPI) to track inflation, while the WPI is used by 24 countries including India.
The CBI has closed the corruption case registered against S K Sharma, former director general (investigation) of income tax due to lack of evidence .The special court recently accepted the closure report.In 2007, Sharma was accused of abusing his official position by obtaining illegal gratification from directors of two private companies in Pune and Mumbai […]
Many co-operative housing societies collecting transfer premium from the transferee would heave a sigh of relief by the Mumbai High Court decision dated 17th July, 2009. So far the income tax authorities in the State of Maharashtra and the Mumbai Tribunal were following the Mumbai Special Bench Decision in the case of Walkeshwar Triveni CHS
Introduction 1. The Council of the Institute of Chartered Accountants of India has issued Accounting Standard (AS) 6 on ‘Depreciation Accounting’. This standard lays down general principles of accounting for depreciation applicable to all entities. As such, the Standard is applicable to companies also in matters where there are no specific requirements under the Companies […]
The result of the Information Systems Audit [ISA] Assessment Test held on 20th June, 2009 is likely to be declared on 13th August, 2009 around 2.00 PM at the Institutes office at New Delhi. The result of the above Assessment Test will be available on the Institutes website www.icai.org (G. SOMASEKHAR) ADDITIONAL SECRETARY (EXAMS)
Instruction No. 30, dated August, 2009 I am directed to inform you that Empowered Group of Ministers in its meeting dated 24th October, 2008 had approved development guidelines to be followed in respect of operations in the non-processing area of the SEZs. 2. As per the decision, the Board of Approval while approving infrastructure within each […]
SEBI had introduced the process of ASBA vide its circular dated July 30, 2008 and made it applicable to all book built public issues opening on or after September 1, 2008.
As regards the requirement of the Customs EDI Systems under Regulation 5(1)(j), the infrastructure required to be provided by the custodian shall include the Civil and electrical infrastructure including properly air-conditioned office space……. shall also be provided. (last line modified is as follows) In addition to the above, the custodian would be required to undertake site preparation including civil works, electrical works, electrical fittings, air-conditioning, etc. they would also provide DG Set for power back up and link to the EDI Server. The networking, communication equipments, Uninterrupted Power Supply System, Computers/Personal Computers/Thin Clients, servers, printers and other computer peripherals as may be specified by the Directorate General of Systems shall also be provided by the custodian.
the situation of domestic industry continues to be fragile. Further, should the present anti dumping duties be revoked, injury to the domestic industry is likely to continue and intensify
The Principal Notification was published in the Gazette of India vide Notification No. 62/94-Customs (NT), dated the 21st November, 1994 (S.O. 828(E), dated the 21st November, 1994) and lastly amended by Notification No.09/2009(N.T.)-Customs, dated 16th January, 2009 (No.S.O. 190(E), dated 16th January, 2009.
