"19 February 2011" Archive

CAG tightening MNREGA audit system

Amid instances of corruption in MNREGA implementation, government has decided to tighten the audit system, which includes broadening the scope of the Comptroller and Auditor General (CAG) in the scheme. ...

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Posted Under: Finance |

Shri Murli Deora, and Shri R.P.N. Singh for Corporate Affairs had an Interactive Session with corporate India on the initiative

Shri Murli Deora, Union Minister for Corporate Affairs and Shri R.P.N. Singh, Minister of State for Corporate Affairs had an Interactive Session with corporate India on the initiatives of Ministry of Corporate Affairs, namely, Companies Bill and Inte...

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Posted Under: Finance |

Budget 2011-12- Give tax sops on affordable housing

Industry chamber Assocham today asked the government to re-introduce the tax exemption scheme to promote affordable housing in the forthcoming Budget for 2011-12. The chamber also said real estate sector should be accorded infrastructure industry sta...

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Posted Under: Finance |

Companies Bill 2009 to be tabled in Budget session

After considering the views of the industry and a House panel, the government will table the Companies Bill 2009 in the forthcoming Budget session, the Ministry of Corporate Affairs said today. ...

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Posted Under: Finance |

Income-Tax department moves HC against tax reliefs sought by Shahrukh Khan

The Income-Tax department has filed an appeal in Bombay High Court against an order of its tribunal allowing Bollywood actor Shah Rukh Khan to seek tax reliefs for using his membership at Otters Club in suburban Bandra and his BMV Range Rover car for...

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Posted Under: Finance |

Sebi moves SC against order in derivatives case

Stock market regulator Sebi today approached the Supreme Court against the order of appellate body SAT, which set aside its decision to impose penalty on Rakhi Trading for alleged rigging in derivatives trade. Sebi had imposed a penalty of Rs 1.08 cr...

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Posted Under: Finance |

Govt bans export of milk powder, casein

The government today banned exports of milk powder and its products to boost domestic supplies and check rising prices of milk. Besides, export of casein and its products, a protein derivative of milk, has also been banned by the Commerce Ministry....

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Posted Under: Finance |

Govt proposes to make e-filing of patents mandatory

The government has proposed to amend the Patent Rules and make e-filing of applications compulsory in order to bring clarity and efficiency. The commerce ministry's Department of Industrial Policy & Promotion (DIPP) has come out with a draft and aske...

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Posted Under: Finance |

ICAI-Relaxation in eligibility to appear in CA Final Examination for PCE and IPCE candidates

“ A candidate who is otherwise eligible to appear in the Final Examination shall not be required to be in service of articles/audit training on the first day of the month in which the final examination is held. However, such relaxation shall be confined only to first of such permissible examination (i.e., the Final Examination in which ...

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Posted Under: Finance |

CBI arrests its Dy.SP and Four Others for Evasion of Customs Duty

A case was registered against five persons for commission of offences punishable U/s 120-B r/w 420 IPC, Sec. 132 and 135 of Customs Act, 1962 and Sec. 13(2) r/w 13(1)(d) of Prevention of Corruption Act, 1988 on the basis of joint surprise check condu...

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Posted Under: Finance |