As stated in the Press Release issued by the Reserve Bank of India on November 29, 2010, in order to provide further liquidity comfort, it has been decided to allow Scheduled Commercial Banks to avail of the additional liquidity support under the LAF to the extent of up to 2.0 per cent of their NDTL as on the reporting Friday of the second preceding fortnight with immediate effect up to January 28, 2011. For any shortfall in SLR maintenance arising out of availment of this facility, banks may seek waiver of penal interest on a fortnightly basis purely as an ad hoc, temporary measure. The liquidity support availed under this facility would, however, need to be reported on a daily basis.
In continuation of the series of previous two articles, elaborating the difficulties in getting the refund claim due to conditions relating to Invoice and CHA service, we in this article are attempting to present the problems existing in the Service
When money speaks, nobody bothers for grammar. This is what has been proved by recent surfacing of bank loans as a cross breed of bribe-corruption. Bribe, unethical behavior and corruption- its all in India’s blood and system now – be it using office stationery, personal use of office car, jumping a red right and getting scot-free for few hundred rupees to income tax refunds, transfer postings or land allotments, telecom scam, sanction of loans or getting monetary benefits by use of discretionary powers (like the one recently unearthed). Not long ago, there was a case for a stock broker entering the corridors of power with brief cases. The corruption at IPL, Common wealth games, Adarsh housing society , sugar scam, fodder scam, are just few which come to mind.
The ICSI Election to the Council/Regional Councils – 2010 is to elect highest policy making bodies at the Central and Regional levels. The Members and the Contesting Candidates are advised to exercise utmost Self-Regulation to maintain and uphold the
The result of Online CPT Examination held in the month of October, 2010 declared go to http://220.227.161.82/cpt_onli ne.htm www.icai.org
The government is seriously considering introduction of a new Bill on emigration in Parliament soon and changes in its policy, including abolition of sponsorship for visit visas, aimed at protecting the interest of Indians working abroad. Minister fo
The Reserve Bank on Monday cautioned people against money schemes offering assured high returns and asked them not to have deposits with unauthorised non-banking finance companies (NBFCs), which falsely claim to have approval from the central bank to
A larger bench of CESTAT in the case of Indica Laboratories Vs CCE, Ahmedabad 2007(213) ELT 20(T-LB), has held that quantity discount, bonuses etc. are applicable for the valuation of goods under section 4 of the Central Excise Act, 1944 and not in case of goods valued under Section 4A.
It has been brought to the notice of the Board that there are divergent practices regarding classification of PXI Controllers, Input/Output Modules, Signal Converters and Chassis and its parts. Essentially, PXI Controllers are designed for measurement and automation applications, which require high performance and a rugged industrial form. Further, Input/Output Modules are tailored
Assocham General Secretary D S Rawat said today that the proposed clusters would provide jobs to 6 lakh people, directly and indirectly. Rawat, who was talking to reporters here after releasing the Assocham’s study report on ‘Cluster Development for
