"23 December 2011" Archive

Delhi HC issues summons to Facebook, Google, Yahoo and Youtube for hosting objectionable content

In yet another blow to 21 social networking sites including Facebook, Microsoft, Google, Yahoo and Youtube, a Delhi court today issued summons to them for facing trial for allegedly webcasting objectionable contents.Metropolitan Magistrate (MM) Sudesh Kumar took cognizance on a private criminal complaint and has directed the Centre for ta...

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Posted Under: Finance |

Bank not responsible for unauthorised use of your ATM Card

A person cannot claim damages from bank if he fails to immediately block his lost ATM and money is unauthorisedly withdrawn by using the card, a district consumer forum has said. It said the bank would have been liable if the transaction of withdrawal of money took place after blockage of the card. A bench of Central Delhi District Consum...

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Posted Under: Finance |

CBDT Instructions regarding Effective date of passing of Examinations

CBDT Instructions F.No. DE/Delhi/Effective Date/DIT/2011 (22/12/2011)

The CBDT Instruction F. No. A-32013/3/2000-Ad. VI dated 18.07.2000, wherein the date of passing the Examination was reckoned from the last date of the Examination, was modified by Instruction F.No. OA 542/1995/CAT Cuttack/2002/DIT/697 dated 22.05.2009. The modification was necessitated in the light of the decision of the Hon’ble Orissa...

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Farmer Associations Support FDI in Retail

Farmers have reiterated their support for Cabinet’s decision to allow FDI in Multi-Brand Retail. In a meeting with the Minister of Commerce, Industry and Textiles Shri Anand Sharma here today, Secretary General of Consortium of Indian Farmers Associations (CIFA), Shri P. Chengal Reddy conveyed the desire of various farmers’ body to im...

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Posted Under: Finance |

Amends Notification No. 96/2008-Customs, dated the 13th August, 2008

Notification No. 113/2011-Customs (23/12/2011)

Notification No. 113/ 2011-Customs, New Delhi, dated the 23rd December, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amend...

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Govt reduces MEP of Non-basmati Rice to Boost Export

The EGoM in its meeting held on 9.2.2011 permitted the export of 1,00,000 MTs of Sona Masuri (from Chennai & Vishakhapatnam port), 25,000 MTs of Ponni Samba (from Tuticorin port) and 25,000 MTs of Matta rice (from Kochin port) which was notified through notification no. 21 dated 10.2.2011 and Public Notice No. 36 of 1.3.2011. A Minimum Ex...

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Posted Under: Finance |

ICWAI invites comments on the initial draft of ICWAI XBRL Taxonomy for Cost Audit Report and Compliance Report

The Institute is in the process of development of XBRL Taxonomy for Cost Audit Report and Compliance Report. The Institute has approved the release of initial draft of ICWAI XBRL Taxonomy for public comments. The proposed taxonomy may be modified in the light of comments / suggestions received. Please submit your views / comments / sugges...

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Posted Under: Finance |

FM Calls For Inclusive Development and More Investment in Infrastructure Sector

The Union Finance Minister Shri Pranab Mukherjee has said that we need to make the development process more inclusive and also as a means to create sustained opportunities for growth in the country. He said that there is urgent need to improve the reach and quality of our social and physical infrastructure, reduce the regional imbalances ...

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Posted Under: Finance |

Amends Notification No. 8/2011-Customs, dated the 14th February, 2011

Notification No. 114/2011–Customs (23/12/2011)

Notification No.114 /2011 – Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Minis...

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Guidelines in pursuance of the SEBI KYC Registration Agency (KRA) Regulations, 2011 and for In-Person Verification (IPV)

Circualr No. MIRSD/Cir-26/2011 (23/12/2011)

After doing the initial KYC of the new clients, the intermediary shall forthwith upload the KYC information on the system of the KRA and send the KYC documents i.e. KYC application form and supporting documents of the clients to the KRA within 10 working days from the date of execution of documents by the client and maintain the proof of ...

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