The Madurai Bench of the Madras High Court has rejected a claim on motor vehicle insurance policy as the insurer had not effected transfer of the policy according to Section 157 of the Motor Vehicles Act. Hearing a writ petition from Ms S. Selvi, wif
Stock brokers will now have to pay more service tax. The Central Board of Excise & Customs (CBEC) has clarified that turnover charges, exchange transaction charges, dematerialisation charges and regulator fees recovered by brokers from clients will b
As you are aware, the new National Permit System has been made effective from 8.5.2010 in accordance with Central Motor Vehicle(amendment)Rules,1989 notified on 7.5.2010. Electronic system of grant of National Permit has been developed in consultation with MC and it has now been decided to implement the electronic system w.e.f. /5.9.2010.
Government auditor CAG has pulled up the telecom ministry for not recovering Rs 679 crore as penalty or liquidated damages from six new operators for missing the network roll-out schedule as per the licence. Out of 122 Unified Access Service (UAS) li
Insurance regulator IRDA has imposed a fine of Rs 10 lakh on Anil Ambani Group company Reliance Life Insurance Company for violating the norms. The company was directed to pay a penalty of Rs 10 lakh and was asked to adhere strictly to the guidelines
Forty one NGOs have been banned from receiving foreign contributions due to corruption or irregularities in utilisation of such funds received under Foreign Contribution (Regulation) Act, government said on Tuesday. Minister of State for Home Mullapp
Within days of India reporting a 16-month low industrial growth of 4.4 per cent for September, a top government economic advisor said on Tuesday industry is expected post a recovery in October, else the Reserve Bank of India will have to change its t
