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Archive: November, 2010

Posts in November, 2010

Govt may Notify new accounting norms for IFRS by the end of this year

November 24, 2010 358 Views 0 comment Print

The government on Tuesday said it will notify the new accounting norms in sync with international practice IFRS for India Inc by the end of this year, and ensured that the April, 2011 deadline will not be missed. Speaking at an Assocham conference o

Indian Construction and Growth

November 24, 2010 958 Views 0 comment Print

The demand of construction is increasing with a speed equivalent to the speed of Delhi metro traveling each day. Road Construction and infrastructure construction is wheel of Indian economic growth from the time of 2004 when it became a word of mouth

ICAI- Result of Online CPT Examination held in October, 2010

November 24, 2010 612 Views 0 comment Print

The result of online CPT examination held in the month of October, 2010 is likely to be declared on 30th November, 2010. The result can be viewed at www.icai.org

No Role of PM in blocking Subramaniam Swamy's complaint in 2G spectrum case- SC

November 24, 2010 474 Views 0 comment Print

In a major relief for Prime Minister Manmohan Singh, the Supreme Court on Tuesday observed that there has been no intention on the PM’s part to block Subramaniam Swamy’s complaint in the 2G spectrum case.The Supreme Court was hearing the affidavit

SC declines to lift Delhi HC stay on recovery of service tax from a company for renting immovable property

November 24, 2010 738 Views 0 comment Print

The central government is keen to implement its service tax on commercial space rentals rule but the Supreme Court (SC) has issued a reprieve. The SC declined to lift a Delhi high court stay on recovery of service tax from a company for renting immov

SEBI wants Mutual Funds to ensure quality of debt papers

November 23, 2010 438 Views 0 comment Print

Concerned over the quality of papers that mutual fund . are investing in, market regulator SEBI has asked six of them to refile their offer documents for capital protection scheme. In a capital protection scheme, fund houses usually invest a hefty c

2G Spectrum – CBI collects documents from Corporate Affairs Ministry

November 23, 2010 621 Views 0 comment Print

The CBI has collected documents from the ministry of corporate affairs about companies which were granted spectrum allegedly in an arbitrary fashion between September 2007 and January 2008. According to CBI sources, the MCA documents deal with the sh

Labour Ministry requests to keep ESI, EPF schemes out of service tax ambit

November 23, 2010 717 Views 0 comment Print

The Labour and Employment Ministry has requested the Finance Ministry to keep Employees’ State Insurance (ESI) and Employees’ Provident Fund (EPF) schemes out of the ambit of service tax as they are social security schemes. “If the provisions of ser

Vodafone in talks with foreign banks to provide counter guarantee to nationalised banks in India

November 23, 2010 555 Views 0 comment Print

Mobile service operator Vodafone is in talks with foreign banks to provide counter guarantee to nationalised banks in India for a sum of Rs 8,500 crore. This follows an order from the Supreme Court last week asking the telco to furnish a bank guarantee of a nationalised bank and set aside Rs 2,500 crore in cash with the court.

Complaints Received by the Serious Fraud Investigation Office and the Registrar of Companies

November 23, 2010 678 Views 0 comment Print

The Minister for Corporate Affairs has informed the Lok Sabha that the Registrars of Companies (RoC) received complaints against various companies from stakeholders, such as shareholders, creditors, financiers, other Government Departments, members o

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