After the sharp criticism over the steepest hike, petrol price was on Saturday cut by Rs 2 per litre, a partial rollback of the Rs 7.54 a litre increase affected more than a week ago. The reduction, a result of fall in international oil prices, will mean that petrol in Delhi will cost Rs 71.18 per litre from midnight tonight, as against Rs 73.18 at present.
India signed an Agreement with the Government of the Kingdom of Bahrain for the Exchange of Information with respect to taxes (TIEA), here yesterday. The Agreement was signed by Shri Namo Narain Meena, Minister of State for Finance (Expenditure and Financial Affairs) on behalf of Government of India and H.E. Kamal Ahmad, Minister for Transportation and Acting CEO of the Economic Development of Bahrain on behalf of Government of the Kingdom of Bahrain.
Addressing the 3rd meeting of the Government-Industry Task Force, here today, The Union Minister of Commerce Industry and Textiles, Shri Anand Sharma said that difficult economic climate not only in the context of Indian economy but the global economic situation at large and extreme concerns with the moderation in industrial growth should not shock us into inactivity.
The Reserve Bank of India (RBI) has said that it could do little to arrest the fall of rupee if the decline was caused by fundamental weakness of the economy or due to global factors. Speaking to reporters in Mumbai on Friday, RBI Deputy Governor KC Chakrabarty said in such a case, RBI could only take more calibrated steps in the forex market.
In Our Continued Endeavor To Enhance The Services To Stakeholders, MCA Announces Launch Of Upgraded LLP Registry From 11th June 2012. Stakeholders- Will Now Have Facility Of Online Payment From All Banks Through NEFT Or Use Internet Banking From Six Designated Banks Of MCA21, In Addition To Credit Card Payment.
It was alleged in the complaint that the complainant, a proprietor of a firm based in Ahmedabad & engaged in share trading, was barred from trading by Securities Exchange Board of India(SEBI) in September, 2011 for market manipulation using Global Depository Receipts (GDR) issues. Subsequently, investigation was initiated by the SEBI against the firm.
Vide this Office advertisement dated 05/05/2012; applications were invited from Advocates for empanelment as Senior and Junior Standing Counsels to represent the Income Tax Department before the Hon’ble Madras High Court and other judicial forums. The last date for submission of the application was given in the advertisement as 18/05/2012. Now, the last date for submission of application is extended up to 15th June 2012. The eligibility criteria, procedure for application and selection and the fees payable are prescribed vide the CBDT’s Instruction No.3/2012 dated 11/04/2012.
The Income Tax Office, Civic Centre, Delhi known as Pratyaksh Kar Bhawan is inaugurated by Hon’ble Union Finance Minister Sh. Pranab Mukherjee on 30th of May 2012 at 11:15 AM. The occasion is also graced by Sh. Namo Narain Meena, Minister of state (Expenditure, Banking & Insurance), Ms Meera Aggarwal, Mayor, North Delhi Municipal Corporation, Sh. R.S. Gujral, Finance & Revenue secretary and other dignitaries.
Economists across the globe have extended countless explanations for the recurring trend of economic meltdown, now a part of business cycle. Uneven sharing of profit, i.e. less return of profit money to lower and middle level workers, has also been cited as one of the reasons. Generally it is seen that industries give back less money and, thereby, share very less profit with their workers in terms of their remunerations than the goods manufactured by them, i.e. price at which goods are sold at. Industries share this profit mainly with the top rung of their workers, i.e. management or policy-/strategy-makers, apart from putting it for fundamental investments.
National Telecom Policy-2012 and Unified Licensing Regime The thrust areas of NTP – 2012 are; • Increase rural teledensity from the current level of around 39 to 70 by the year 2017 and 100 by the year 2020 • Repositioning of Mobile phone- as an instrument of empowerment • Broadband –’Broadband For All at a minimum download speed of 2 Mbps
