"24 April 2010" Archive - Page 3

Cvc Disposed of 784 Cases in February 2010 , Major Penalty Proceedings Recommened Against 170 Officers

The Central Vigilance Commission disposed of 784 cases during February 2010 referred to it for advice. The Commission advised imposition of major penalty against 170 officers including 47 from M/o Railways, 20 from MCD, 16 from Bharat Petroleum Corpn. Ltd., 10 from Bharat Coking Coal Ltd., 7 from Canara Bank, 6 each from Vijaya Bank, Bhar...

Read More
Posted Under: Finance |

Credit rating not necessary for Micro and Small Enterprise (MSE) to get concessional loan

Credit rating is not a necessary requirement for any Micro and Small Enterprise (MSE) to get loan from Banks and Financial Institutions at economical rates. However, credit rating serves as a trusted third party opinion on the creditworthiness of the MSEs and a good rating helps the MSEs in obtaining faster and concessional credit from ba...

Read More
Posted Under: Finance |

New Regional Directorates of The Ministry of Corporate Affairs

The Government proposes to set up two new Regional Directorates of the Ministry of Corporate Affairs. Giving this information in written reply to a question in the Lok Sabha, the Minister for Corporate Affairs, Shri Salman Khurshid, informed the House that one Regional Directorate would be set up in the North Western Region in Gujarat (Ah...

Read More
Posted Under: Finance |

Modi asked 5 days in lieu of five year service

Embattled IPL Commissioner Lalit Modi today urged the BCCI to give him just five days to prepare answer for all the questions in lieu of his five year long services and he is unlikely to move court against IPL's governing council meet on April 26....

Read More
Posted Under: Finance |

ULIP ban: SEBI and IRDA agreed to make Joint Application to court

As per Insurance Regulatory & Development Authority (Registration of Insurance Companies) Regulations, 2000 the life insurance includes contracts of both unit linked insurance products (ULIPs) and non-linked insurance products. However, the Securities and Exchange Board of India (SEBI) is of the view that ULIPs have an investment componen...

Read More
Posted Under: Finance |

Auditors are less likely to find manipulated earnings

Auditors are less likely to find manipulated earnings when management directs their attention away from areas of financial statements that contain errors. Distraction and deception go hand in hand, whether in a magic act or at a dishonest company. Sam Antar, the ex-CFO of electronics retailer Crazy Eddie, kept auditors away from the compa...

Read More
Posted Under: Finance |

Government worried on teaser home loan rates, Companies in a race to announce such schemes

Teaser home loan rates, which entice borrowers with a low fixed rate initially and then move to a floating rate, are a matter regulatory concern and may impact financial stability of the lenders, Parliament was informed on Friday....

Read More
Posted Under: Finance |

Search Posts by Date

December 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031