"05 April 2011" Archive

Delhi bans manufacture, use of plastic bags

The Delhi government on Monday decided to impose a blanket ban on the manufacture, storage and use of plastic bags in the city. The Delhi Cabinet presided by Chief Minister Sheila Dikshit took the decision and directed all the concerned authorities like MCD, NDMC and Environment Department to implement the decision....

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Posted Under: Finance |

Three central banks, three directions

The world's major central banks are about to break ranks. Since the financial crisis entered its worst phase in late 2008, monetary policy has moved in the same direction across all advanced economies. On Thursday, the European Central Bank looks all but certain to become the first to shift interest rates higher as it tries to tame rising...

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Posted Under: Finance |

Now, luxury villas worth Rs 9 crore for Team India

Real estate firm Amrapali today said it will gift villas worth a total of Rs 9 crore to the entire World Cup winning Indian cricket team at its township in Noida extension. The Indian captain, Mahendra Singh Dhoni, is at present the brand ambassador of Amrapali....

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Posted Under: Finance |

Government exceeds indirect tax collection estimate

The government today said indirect tax collections for FY2010-11 have exceeded the revised estimate of Rs 3.34 lakh crore for the fiscal on the back of strong economic activities and the partial withdrawal of fiscal stimulus measures. According to Central Board of Excise and Customs (CBEC) Chairman S Dutt Majumder, the Finance Ministry ex...

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Posted Under: Finance |

Draft policy on mobile governance up for comments

The Department of Information Technology (DIT) has published a draft policy on mobile governance that aims to enable government departments to provide services, including payment of utility bills and filing of tax returns from mobile phones. A platform called Mobile Service Delivery Gateway (MSDG) will be set up, on which all ministries a...

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Posted Under: Finance |

Committee to Review the Role, Functioning and Structure of Central Economic Intelligence Bureau (CEIB) Constituted

The President of India has sanctioned the constitution of a Committee with the following composition to review the role, functioning and structure of the Central Economic Intelligence Bureau (CEIB) in the changed economic scenario: i. Shri S. S. Khan Retired Member, Central Board of Direct Taxes (CBDT) ii. Ms Vijay Lakshmi Sharma Member, ...

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Posted Under: Finance |

Acquisition of credit card/debit card transactions in India by overseas banks – payments for airline tickets – A.P. (DIR Series) Circular No. 48

RBI/2010-11/460 A.P. (DIR Series) Circular No. 48 05/04/2011

RBI/2010-11/460 - A.P. (DIR Series) Circular No. 48 - April 05, 2011 - It has come to our notice that in certain cases where the payment for the tickets are made by the residents using credit /debit card, Card Companies have been providing arrangements to the foreign airlines operating in India to select the country and currency of their ...

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Operation of deposit account with NBFCs and money mules -Notification No. DNBS(PD)CC.No 215/03.10.42/2010-11

RBI/2010-11/462 DNBS(PD)CC.No 215/03.10.42/2010-11 05/04/2011

With a view to preventing NBFCs from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities, Reserve Bank of India has issued guidelines on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Prevention of Money Laundering Act, 2002 that are consolidated ...

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CPC Bangalore processed 44.7 lakh e-filed returns of AY 2010-11 and generated refunds in over 15.45 lakh cases

Centralized Processing Center (CPC), Bangalore has been actively processing of returns for AY 2010-11. As on 01/4/2011 it has processed over 44.7 lakh e-filed returns of AY 2010-11 in all categories of ITRs including Corporate Returns and generated refunds in over 15.45 lakh cases. The Income Tax Department has now extended the last date ...

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Posted Under: Finance |

CBI registers a case against Seven Officials of DDA & CPWD and a Private Firm relating to Laying of Synthetic Outdoor Flat Lawn Bowl Greens for CWG-2010

The Central Bureau of Investigation has registered a case against seven officials of DDA & CPWD and one Delhi-based private firm on the allegations of conspiracy, cheating and misuse of official position by the accused to cause undue benefit to the private firm. The firm has provided and laid Synthetic Outdoor Flat Lawn Bowl Greens for Co...

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Posted Under: Finance |

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