The Minister of Railways, Shri Dinesh Trivedi today announced introduction of 26 new trains, extension of five existing trains, increase in frequency of two existing trains and introduction of new five sub-urban trains. Most of these new services announced were part of the Railway Budget 2011-12. The trains announced in the Railway Budget 2011-12 are implemented by the end of the financial year i.e. 31st March 2012.
The Central Bureau of Investigation has registered a case against an Association/Foundation based in Janakpuri, New Delhi and other unknown persons under the provisions of Indian Penal Code and Foreign Contribution Regulation Act (FCRA) for allegedly having received foreign contribution of Rs.1,40,53,434/-(approx.) without prior permission of Government of India during the period from 2005-06 to 2007-08.
India’s exports for the months of April 2011 – February 2012 have registered a growth of 21.4%, at US $ 267.4 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the same period the imports were US $ 434.2 billion with a growth of 29.4% and a Balance of Trade stood at US $ (-)166.8 billion, during the same period. Shri Khullar also informed that India’s exports in February 2012 were US $ 24.6 billion with 4.3 % growth and imports stood at US $ 39.8 bn with growth of 20.6% Balance of trade for the month of February 2012 stood at (-) 15.2 billion US $.
The Technical Cell of National Task Force constituted by the Institute has approved the release of the Exposure Draft of Guidance Note on Performance Appraisal (Form-III of CAR 2011) Report. The proposed Guidance Note may be modified in light of comments/ suggestions received before being issued as Guidance Note in the final form.
IDBI Bank with a strong focus on Government Business in the country collects various direct and indirect taxes of Central Government and State Governments. Within a very short period of becoming a commercial bank (in October 2004), the bank has crossed a major milestone of annual tax/duty collection of Rs.1 lakh crore during the current financial year on February 28, 2012.
The Department of Public Enterprises in partnership with World Bank and Harvard Business School is organising a Symposium, tomorrow in Mumbai on Corporate Social Responsibility (CSR) – to share knowledge and experience about the trends and best practices of CSR prevalent worldwide. The Government is looking to learning from the successful CSR practices of state-owned enterprises in the developed and developing economies through conferences, workshops, seminars and state tours for greater advocacy and research in CSR.
The Telecom Regulatory Authority of India (TRAI) has released Consultation paper on Auction of Spectrum on 7th March,2012. Written comments on the issues raised in the Consultation paper are invited from the stakeholders by 21st March 2012 and counter-comments by 28th March 2012. Stakeholders have been asked to send their comments by due dates as there will be no further extension of timelines. The comments and counter-comments may be sent, preferably in electronic form.
Indirect tax revenue collections during the month of February, 2012 rose to Rs. 31,469 Crore, an increase of 9.6 percent over the corresponding period of last financial year. Overall indirect tax collections during the period April, 2011 to February, 2012 rose to Rs 3,48,702 Crore. Last year the indirect tax collections during the period was to the tune of Rs 28,705 Crore.
What is the effective financial year from which Cost Audit Order No. 52/26/CAB-2010 dated 24th January 2012 will be applicable? The Cost Audit Order No. 52/26/CAB-2010 dated 24th January 2012 will be applicable on a company engaged in industry/activity listed in the order in respect of each of its financial year commencing on or after 1st April, 2012.
General Circular No. 4/2012 – The Ministry of Corporate Affairs has extended the time for filing form DIN-4 by DIN holders for furnishing PAN and to update PAN details upto 30.04.2012 for the Allotment of Director’s Identification Number (DIN) under Companies Act, 1956.
