Market watchdog Sebi has initiated a probe into possible front-running and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housing-finance scam unearthed by CBI. The initial f
Direct tax arrears touched a staggering Rs 2.49 lakh crore last fiscal, and of this, an amount of Rs 1.43 lakh crore is seen to be difficult to recover. The tax arrears are tax demand raised by the revenue department but not realised along with the a
The Enforcement Directorate is working in close coordination with the Income Tax Department for their probe into the overlays contracts award ED during the Commonwealth Games and may soon summon the firms concerned. According to official sources, the
Railway Minister Mamata Banerjee has sought an extension for the waiver on service tax on railway freight. Finance Minister Pranab Mukherjee had earlier given a tax holiday to the Railways till December 31. Banerjee now wants the tax relief extended
S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in suppression of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 91/2010-Customs (N.T.), dated the 27th October, 2010 vide number S.O.2657 (E), dated the 27th October, 2010, except as respects things done or o
The vexed issue of amending the Constitution for rolling out the new Goods and Services Tax (GST) may not come up in the next meeting of the Empowered Committee (EC) of state finance ministers on December 6 here.
Taking all stakeholders by surprise, industry body Assocham today suggested that the Reserve Bank of India (RBI) issue between 50-100 new private bank licences in the current round of allowing new entrants.
A longstanding wish of millions of NRIs for voting right in India has come true with the Centre issuing a notification to this effect to enable them to exercise their franchise. Parliament had in the monsoon session passed the Representation of Peopl
Market regulator SEBI has castigated the Sahara Group for raising thousands of crores in violation of regulatory framework and said that there is a clear “imperative to lift the corporate veil.” Rejecting the contention of two Sahara Group entities a
Ticking off the CBI, Supreme Court today asked why it had not questioned former Telecom Minister A Raja and Telecom Secretary in the 2G spectrum scam, saying the agency was beating around the bush when illegality is prima facie evident.
