“Many years ago, someone asked me to define development and I thought about it and the simplest answer I could improvise was that development is about widening human choices and in the Telecom Sector, what we are witnessing today and what we have wit
In a move that will adversely impact the country’s services sector, the government has withdrawn incentives to exporters of IT and ITeS, telecommunication and airlines services. The list of services eligible for duty credits under the ‘Served From In
The Government will bring Coal Regulator Bill in Parliament in Budget Session to ensure level playing field to all the stake holders. It would also make recommendations for reforms in coal sector and about coal pricing. Addressing the media persons h
Announcement relating to new Study Materials for Final Course Students of Final Course may note that the Study Materials, including Practice Manuals, for all the subjects of the Final Course have been modified/revised/updated and the new materials w
Following are the new Ministers and Portfolios announced today by the Government: CABINET MINISTERS: 1. Shri Praful Patel : Heavy Industries and Public Enterprises 2. Shri Shriprakash Jaiswal : Coal 3. Shri Salman Khursheed : Water Resources
Union Finance Minister Shri Pranab Mukherjee held a meeting with Finance Ministers of different States and Union Territories to get their inputs for General Budget 2011-12, here today. This was the seventh such meeting in the series of pre-Budget con
PRESS RELEASE NO. 17/2011, DATED 19-1-2011 SEBI has prepared a discussion paper on outsourcing of activities related to the intermediation services. The paper proposes certain principles for outsourcing, and indicates activities presently being outsourced by the intermediaries along with the suggested list of activities which should not be outsourced by them. The discussion paper is […]
Speed Clearing refers to collection of outstation cheques through the local clearing. It facilitates collection of cheques drawn on outstation core-banking-enabled branches of banks, if they have a net-worked branch locally.
The Department of Telecommunications (DoT) is considering a proposal by the Unique Identity Authority of India (UIDAI) to bring about 700 million telecom users under an unique identification programme. The UIDAI plans to issue a 12-digit unique ident
Hyderabad bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of Hyderabad Chemicals Supplies Limited v. ACIT (ITA No. 352/Hyd/2005) (Judgment date: 21 January 2011) held that as per the provision of Section 80-IA(5) of the Income-tax Act, 1961 (the Act) profit from the eligible undertaking has to be computed after deduction of the notional brought forward losses and depreciation of eligible undertaking even though they have been allowed to set off against other income in earlier years.
