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Corporate Leverage in EMEs: Has Global Financial Crisis Changed Determinants?

March 16, 2017 1026 Views 0 comment Print

Has the global financial crisis changed the pivotal determinants of corporate leverage in EMEs? This paper attempts to address this issue using a panel-GMM framework and quantile-analysis for 10 major EMEs. Analysing 19-year database covering the period 1996-2014

IRDA Revises Guidelines on Point of Sales Person: Non-Life & Health

March 16, 2017 17790 Views 0 comment Print

Reference is drawn to Guidelines on Point of Sales Person – Non-Life and Health dated 26th October, 2015 facilitating insurance companies and insurance intermediaries to appoint point of sales person to solicit and market largely pre-underwritten products.

Reporting and Accounting of Central Govt Transactions of March 2017

March 16, 2017 831 Views 0 comment Print

The Government of India has decided that the date of closure of residual transactions for the month of March 2017 be fixed as April 10, 2017 for the Financial Year 2016-17.

Banks branches accepting taxes to remain open till 8 PM on 31.03.2017

March 16, 2017 1029 Views 0 comment Print

All agency banks should keep the counters of their designated branches conducting government business open for government transactions up to 6.00 p.m. on March 30, 2017 and up to 8.00 p.m. on March 31, 2017.

Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 – Clarification

March 16, 2017 1728 Views 0 comment Print

Currently, banks are issuing an acknowledgement for having received the amounts under PMGKDS. The details of the deposit are then entered in the Bank’s e-kuber application which generates a Subscription Receipt.

Why Union Territory GST law (UTGST) is important under GST

March 16, 2017 24438 Views 2 comments Print

As we know Goods & Service Tax (GST) Council at its meeting to be held on 16th March 2017 shall approve State GST law (SGST) and Union Territory GST Law (UTGST).

Average cost method of valuing inventories is an accepted method

March 15, 2017 2523 Views 1 comment Print

Having heard Mr. Pinto at some length and perusing with his assistance the order, dated 19­7­2013, passed by the Income Tax Appellate Tribunal, “F” Bench, Mumbai in Income Tax Appeal No.4125/Mum/2012 for the Assessment Year 2009-­10, we are of the view that the same does not raise any substantial question of law.

Constitution not allow a MP to make defamatory statement outside Parliament

March 15, 2017 2256 Views 0 comment Print

It was held that Article 105(2) though gives immunity in respect of everything said in Parliament but subject to the limitation that it should have been said during the sitting of Parliament and in the course of business of Parliament.

Govt establishes Debts Recovery Tribunal at Siliguri WEF 16.03.2017

March 15, 2017 5145 Views 0 comment Print

Central Government hereby notifies the establishment of the Debts Recovery Tribunal at Siliguri with effect from the 16th day of March, 2017

GST Enrollment migration of existing registered Assessees

March 15, 2017 4611 Views 0 comment Print

The GST Law is expected to be implemented by 1st July 2017. The GTSN – the technology wing of GST is working relentlessly and undertaking the testing of the software on a regular basis. The Government, for once, seems to be far ahead of the industry with its planning and cautious measures to implement GST […]

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