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Archive: 03 December 2010

Posts in 03 December 2010

Sebi bans Murli Inds, Ackruti City, Welspun-Gujarat Stahl Rohren, Brushmanthree , 3 broking firms

December 3, 2010 327 Views 0 comment Print

The Sebi on Thursday passed strictures on four listed companies—Murli Inds, Ackruti City, Welspun-Gujarat Stahl Rohren and Brushman three broking firms, market operator Sanjay Dangi and other related entities for their role in market manipulation of

RBI advises banks to disclose all charges in loan application forms

December 3, 2010 228 Views 0 comment Print

The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo

RBI may cap bank charges to protect customers

December 3, 2010 261 Views 0 comment Print

Retail customers of banks, who have to pay exorbitant charges and penalties for basic services and pre-payment of loans, are in for some good news. The Reserve Bank of India (RBI) is considering a ceiling on such charges. Worried by the refusal by so

New GST to be implemented in J-K next year

December 3, 2010 715 Views 0 comment Print

Jammu and Kashmir will implement Goods and Services Tax along with the other states in the country proposed during the coming year, the state government has said. The state would also computerise its commercial taxes department within 15 days for the

Center propose to impose GST on films – Industry opposed the same

December 3, 2010 339 Views 0 comment Print

Dark days are ahead for Bollywood and Tollywood what with a proposal by the Centre to impose goods and services tax (GST) on films that will cripple the industry. “This is a very serious issue. If Parliament clears it, no filmmaker can end up making

Commonwealth suppliers alleges that an average 15% commission was paid to Organising Committee officials

December 3, 2010 556 Views 0 comment Print

Commonwealth Games overlays suppliers — questioned by Income Tax investigation in connection with irregularities in Games contracts — have alleged that an average 15% commission was paid to Organising Committee officials, besides payoffs to project e

95 officials under CVC scanner for alleged corruption

December 3, 2010 246 Views 0 comment Print

Ninety-five officials from different government-controlled organisations and banks have come under the CVC scanner in October alone for alleged involvement in corrupt practices and action has been recommended against them. Of them, a highest 17 were

No immunity can be granted to ICAI members for Professional misconduct

December 3, 2010 1537 Views 0 comment Print

The Supreme Court on Wednesday ruled that no immunity from prosecution can be granted to the members or nonmembers of the Institute of Chartered Accountants of India for their professional misconduct under the provisions of the Chartered Accountants

I-T dept suspects Radia tapes leaked from telecom service provider’s end

December 3, 2010 270 Views 0 comment Print

Income tax department (I-T) suspects that the tapes of alleged conversation between corporate lobbyist Niira Radia and journalists, ministers and corporate captains been leaked from telecom service provider’s end amid a raging debate on the whether p

US BUDGET v/s OTHERS

December 3, 2010 216 Views 0 comment Print

The US economy is very much rattled with the new Republicans policy planning’s. White house is busy in extending the tax proposal followed with a host of new regulations to be extended and implemented. After deploying trillion dollar of funds now the US economy have went for cut backs in its budget for the coming few years. It simply points out that US economic policy of pumping and printing funds will not increase the GDP growth of US. This year in 2010 the US economy is already running with budget deficit of 1.3 trillion dollars totaling up the figure to 13.3 trillion dollars.

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