Union Finance Minister Shri Pranab Mukherjee held a meeting with different Non Governmental Organizations (NGOs) to get their inputs for General Budget 2011-12, here today. This was the fourth meeting in the series of pre-Budget consultations held by
The Government has been closely monitoring the inflation situation with a view to protecting the common citizen against abnormal price rise. Our experience in the recent past has been that while prices of most manufactured goods and services have bee
The Madurai bench of the Madras High Court has ruled that Government cannot deny retirement benefits to an employee who was asked to go on conditional retirement because charges against him were pending. A Division Bench of Justice R.Banumathi and J
The Income Tax department will process more than 40 lakh refund cases before April this year. The department has streamlined the process as the statutory time limit to process the return and issue refund in the financial year 2009-10 is March 31 an
The Reserve Bank, as a part of ongoing supervision, had undertaken an assessment of the practices in vogue at certain banks for ensuring the end use of funds. The review revealed that the expected level of due diligence had not been exercised in some cases facilitating diversion of funds by the borrowers. The shortcomings, amongst others, included, crediting of term loan disbursements to the current/cash credit accounts of borrowers and utilisation thereof for day-to-day operations, as also, exclusive reliance on Chartered Accountants’ certification both in regard to infusion of promoters’ contribution and deployment of banks’ funds.
Our sincere thanks to Shri Pranab Mukherjee, Hon’ble Finance Minister of India for Inaugurating the International Conference, Guests of Honour, Shri Salman Khurshid, Hon’ble Union Minister of State (I/C) for Corporate Affairs, CA. K. Rahman Khan, Hon
We are pleased to inform you that the National Law School of India University (NLSIU), Bangalore has recognized Chartered Accountancy qualification as eligibility to pursue their Doctoral programme (PhD).
SEBI – Format for application to SEBI for opening of wholly owned subsidiaries or entering into joint ventures in other countries (Applicable for Stock Brokers, Bankers to an Issue, Merchant Bankers, Registrar to an Issue and Share Transfer Agents,
Section 13 of the Special Economic Zones Act, 2005 – Constitution of Approval Committee for such SEZ notified during 2006 to 2008 without simultaneously notifying constitution of Approval Committee and deemed status of Inland Container Depot for SEZs NOTIFICATION NO. S.O. 3042(E), DATED 24-12-2010 Whereas, the Central Government, in exercise of the powers conferred by […]
Amid skyrocketing prices, central trade unions are all set to press the Finance Ministry for raising income tax exemption limit to Rs 3 lakh from existing Rs 1.6 lakh in the 2011-12 Budget, in their meeting scheduled for tomorrow. Besides this, the unions would ask to universalise and strengthen public distribution system and rationalise tax, duty and cess on petroleum products, with a view to reduce burden on people.
