"December, 2010" Archive - Page 58

Inclusive Development needs to be combined with Consolidation of Public Finances, Financial Stability, Employment Genera

Union Finance Minister, Shri Pranab Mukherjee said that our economic policies need to be designed in such a manner that the redistributing process does not feed off the public finances and the growth process itself is not hampered. Shri Mukherjee sai...

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Posted Under: Finance |

’RBI may accept IFRS but won’t leave prudential norms’

Accounting regulator ICAI today said that the Reserve Bank of India (RBI) may accept global accounting practice IFRS but will not give up prudential norms completely as they saved Indian banks from global financial meltdown. Prudential norms imply re...

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Posted Under: Finance |

Income Tax returns can't be basis to fix maintenance

Tax returns are not sacrosanct when it comes to calculating the maintenance paid by a man to his estranged wife and kids, the Bombay high court has ruled. In two recent cases, the HC thwarted the attempt of two businessmen who challenged the maintena...

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Posted Under: Finance |

Bribes-for-loans scam- Banks to tighten norms for sanction of loan to Real Estate Companies

Stung by the real estate bribes-for-loans scam, banks and housing finance companies will henceforth seek additional security and add completion guarantee clauses into agreements before sanctioning loans to developers. Several bankers and housing fina...

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Posted Under: Finance |