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Archive: 25 November 2010

Posts in 25 November 2010

SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions

November 25, 2010 315 Views 0 comment Print

SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions PRESS RELEASE NO. 254/2010, DATED 23-11-2010 The Securities and Exchange Board of India constituted a Committee under the Chairmanship of Dr. Bimal Jalan, (Former Governor, Reserve Bank of India) to examine issues arising from the ownership and governance […]

Union Budget- Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxe

November 25, 2010 932 Views 0 comment Print

Union Budget- Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxes PRESS NOTE [F.NO.334/5/2010-TRU], DATED 22-11-2010 In the context of formulating the proposals for the Union Budget of 2011-12, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may […]

Insurance – Guidelines on Variable Insurance Products (VIP)

November 25, 2010 2271 Views 0 comment Print

CIRCULAR NO. IRDA/ACT/CIR/VIP/187/11/2010, DATED 23-11-2010 The structure of insurance policies evolves over time to provide policy holders, a stream of long term benefits. Generally these changes are in response to changes in the overall financial sector as also to be in line with current consumer expectations. Over the past decade, non-linked life insurance products have […]

Shares of Money Matters crashes on real estate scam

November 25, 2010 207 Views 0 comment Print

Share of Money Matters Financial Services today nosedived by 20 per cent, hitting a lower circuit on BSE, on allegations that the firm bribed senior officials of public sector financial institutions for procuring loans for corporates. The Mumbai-base

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to Various Companies Men

November 25, 2010 198 Views 0 comment Print

Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements;

Ban on Exist Polls

November 25, 2010 204 Views 0 comment Print

Dr. M.Veerappa Moily, Minister of Law and Justice informed the Lok Sabha in a written reply that the Government has amended the Representation of People’s Act to prohibit of conduct of exist polls till the last phase of polling is over. The Minister

Submission of information to Credit Information Companies

November 25, 2010 238 Views 0 comment Print

It is therefore, advised that SC/RCs on becoming member /members of any Credit Information Company / Companies may provide them the current data in the existing format if not already furnished by the banks/FIs from whom SC/RCs acquire the assets. Care should be taken to ensure that accurate data / history regarding borrowers is given to Credit Information Companies.

Ministry of Finance Calls for Reports from PSBS and FIS Raided by CBI Today

November 25, 2010 300 Views 0 comment Print

CBI in its press release has stated that it has arrested CEO of LIC Housing Finance Limited(LICHFL), Mumbai, Secretary (Investment), LIC, Mumbai, General Manager, Bank of India, Mumbai, Director (Chartered Accountant), Central Bank of India, New Delh

Retail investors can invest up to Rs 2 L in MOIL IPO

November 25, 2010 153 Views 0 comment Print

The government today said that state-owned MOIL, which will hit the capital markets on November 26, would become the first PSU to come with a public offer where retail investors can invest up to Rs 2 lakh.”This would be the first issue by a PSU( MOIL

PwC bagged the 'India Tax Firm of the Year' award from the International Tax Review

November 25, 2010 273 Views 0 comment Print

PwC has bagged the ‘India Tax Firm of the Year’ award from the International Tax Review (ITR), an globally reputed magazine focusing on international tax strategy. The award was presented at the ITR Asia Tax Awards ceremony held yesterday in Singapor

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