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Archive: 20 September 2010

Posts in 20 September 2010

Govt to decide on 3rd revised draft for GST after states' meet

September 20, 2010 448 Views 0 comment Print

The Finance Ministry will decide on whether to bring out yet another revised draft of the Constitutional Amendment Bill, needed for the roll out of the new indirect taxes regime GST, after it has received inputs from state finance ministers who are t

Next Sebi chief's salary only a fraction of CEOs'

September 20, 2010 393 Views 0 comment Print

Hundreds of listed companies regulated by SEBI may be paying crores of rupee in a year as salary to their CEOs, but the next chief of the market watchdog is going to get only Rs 3 lakh a month. The government has proposed a consolidated monthly salar

Sharp cut in tax refund rates to affect jobs, exports

September 20, 2010 339 Views 0 comment Print

Upset over sharp reduction in the rates of duty drawback, or tax refund, exporters today said the move will have adverse impact on employment in sectors like apparel, leather, handicraft and metal.

Finmin report calls for lifting curb on wheat exports

September 20, 2010 261 Views 0 comment Print

The Finance Ministry has pitched for lifting curbs on wheat exports so that India could take advantage of the crop’s scarcity in the global market due to production loss in countries like Russia and Pakistan. India could make use of the global scarci

In-bound Cross Border Money Transfer Service – Exclusivity Arrangements

September 20, 2010 390 Views 0 comment Print

It has come to our notice that, certain Overseas Entities who are authorized by the Reserve Bank of India, under the Payment and Settlement System Act, 2007, to operate in-bound cross border money transfer services through agents appointed in India, have been insisting on “exclusivity” arrangements with their agents for rendering such services in India. […]

Criticising Higher Judiciary and Contempt?

September 20, 2010 360 Views 0 comment Print

It is true that even now people repose so much confidence on the High Court or the Supreme Court and we know the reputation of many judges as independent, knowledgeable and courageous. Professionals connected with the judiciary know the reputation of a judge and if there is some corruption, then, definitely, they will know the allegations of corruption or even the corruption. With the change of adoption of methods in the corruption practice, now, it has become very difficult to find proof or establish the corruption charges on a High Judge or a Supreme Court Judge.

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