The role of market infrastructure institutions has been continuously evolving to meet the challenges of the emerging securities market. These institutions are increasingly called upon to undertake regulation and supervision of the markets, while simultaneously pursuing commercial objectives.
In an informal meeting of newly elected WIRC members, held on Tuesday, 9th February, 2010. Following office bearers were got elected unanimously and they will be taking charge on 22nd February, 2010: CA.Sanjeev Lalan, Chairman (from Mumbai),CA.Makarand Joshi, Vice Chairman (from Nagpur)
Central Information Commission (CIC) has opined that non-disclosure of feedback on probe in tax evasion complaints filed by whistle-blowers will dissuade them from giving any future information. Acknowledging that the investigation wing of the income tax department was exempted from the purview of RTI act, the CIC said such blanket ban
The import of new vehicles shall be permitted only through the Customs port at Nhava Sheva, Kolkata, Chennai and Chennai Airport, Cochin, ICD-Tughlakabad and Delhi Air Cargo, Mumbai Port and Mumbai Air Cargo Complex, ICD Talegaon Pune.
The Central Government have authorized the Indian Railway Finance Corporation (IRFC) to issue tax-free, secured, redeemable, non-convertible bonds of the total value of Rs.5,000 crore carrying an interest rate in the range of 6.50% to 7.25% per annum, through public issue or otherwise by 31st March 2010.
The government is likely to clarify in the budget that special economic zone or SEZs would continue to enjoy tax benefits in their current form even after the proposed direct taxes code is implemented, providing clarity over taxation of these special enclaves.
Companies(Central Government’s) General Rules and Forms (Amendment), 2010 – revision of Form NO. 32. In exercise of the powers conferred by sub-section (1) of section 642 read with sub-section (1) of 610B of the Companies Act, 1956, the Central Government hereby makes the Companies (Central Government’s) General Rules and Forms (Amendment), 2010 revising the form no. 32.
“We have requested the finance minister for cheaper dollar credit at 1 per cent over LIBOR (London Interbank Offered Rate), against 3.5 per cent over LIBOR,” Jyotiraditya Scindia told reporters in Kolkata. “We have also requested for the extension of the interest rate subvention scheme,” he added.
India’s biggest software exporter Tata Consultancy Services (TCS) became a victim of cyber attack on Sunday, after the company’s website was hacked and the domain name was put up for sale. While in the recent past, hackers have attacked top government websites, including telecom regulator’s trai.gov.in, this is the first time a large IT company’s website has been hacked.
