Shri Anand Sharma, Commerce, Industry & Textiles Minister of India met Trade/Commerce Ministers from the ten ASEAN countries at Manado, Indonesia on 13 August 2011 to review, among other matters, the India-ASEAN Services & Investment Agreement negotiations. The Trade/Commerce Ministers of ASEAN, known as ‘ASEAN Economic Ministers or AEM’, and Shri Sharma met at the ninth round of the AEM-India Consultations meeting.
Gross direct tax collections during the first four months of the current fiscal (April – July 2011) were up by 26.63 percent at Rs.132,542 crore as against Rs.104,668 crore. While gross collection of corporate taxes was up 29.56 percent (Rs.85,222 crore against Rs.65,776 crore last year), gross collection of personal income tax was up by 21.64 percent (Rs.47,2 14 crore against Rs.38,816 crore last year).
We have asked the Centre to reconsider the central excise duty of 10.3 per cent on branded garments and hosiery as it was affecting the viability of manufacturing units, Minister for Textiles and Small-Scale industry Manas Bhunia said today. But there was no response from the Centre as of now, he said at a CII interactive session.
The government today said there was unwillingness on the part of Mauritius to revise its double tax avoidance treaty with India, but the two countries have now agreed to hold further talks on the issue. In a written reply to a query in the Rajya Sabha, Minister of State for Finance SS Palanimanickam said the government has proposed to review the India-Mauritius Double Taxation Avoidance Convention (DTAC).
The Institute is pleased to announce opening of two new Examination Centres at Dhanbad (JHARKHAND), and Kota (RAJASTHAN) for conduct of ‘Company Secretaries’ examinations, on an experimental basis beginning from December, 2011 examination onwards.
Please refer to our circular RPCD.No.NB.BC.124/RRB.16/90-91 dated May 29, 1991 in terms of which demand drafts, mail transfers, telegraphic transfers and travellers cheques for Rs.50,000/- and above should be issued by banks only by debit to the customer’s account or against cheques or other instruments tendered by the purchaser and not against cash payment.
he ICSI is organizing MCA-ICSI Webcast on Tagging and other Technical Aspects of XBRL at ICSI Headquarters, New Delhi on Wednesday, August 17, 2011 at 11.00 AM. The programme would be live Webcast at the following URL from 11.00 AM onwards on Wednesday, August 17, 2011.
A report of Global Financial Integrity (GFI) has estimated the total value of illicit money that has flown out of India at USD 462 billion (about Rs 20.92 lakh crore), Parliament was informed today. The present value of India’s total illicit financial flows, as per the (GFI) report is USD 462 billion, Minister of State for Finance S S Palanimanickam said in a written reply to the Rajya Sabha.
NOTIFICATION NO. LADNRO/GN/2011-12/17/26149, DATED 16-8-2011 In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to amend the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, namely:—
AMENDMENT IN REGULATION 13 AND SCHEDULE III- These regulations may be called Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2011.
