The Reserve Bank will shortly issue Rs 100 notes which will have the rupee symbol. The design of the notes to be issued is similar in all respects to the existing Rs 100 in Mahatma Gandhi Series-2005 issued earlier, except for the rupee symbol.
Senior IRS officer Laxman Das has been appointed as the new Member (Revenue) in the Central Board of Direct Taxes (CBDT). Mr Das is a 1974-batch Indian Revenue Service (IRS) officer and has held senior positions like that of Chief Commissioner (Income-Tax) in the past.
Union Corporate Affairs Minister Dr. M.Veerappa Moily has called for making country’s growth more inclusive – a growth that benefits all regions and all sections of our society, particularly the poor and the under-privileged. Dr. Moily was addressing the 1st National Conclave on Corporate Social Responsibility here in New Delhi today. He said Corporates’ social responsibility is a matter intrinsically ingrained in the Constitution of India which envisages an economic development that does not result in the concentration of wealth and means of production to the common detriment and that material resources of the community are so distributed as best to subserve the common good.
The following Bills, after having received the assent of the President on 12th January, 2012, have been published as Acts in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 13th January, 2012: 1. Constitution (Ninety Seventh Amendment) Bill, 2011 as the Constitution (Ninety seventh Amendment) Act, 2011;
The results of the Chartered Accountants Final Examination held in November, 2011 and Common Proficiency Test (CPT) held in December, 2011 are likely to be declared on Wednesday, the 18th January, 2012 around 2:00 PM
The Union Finance Minister, Shri Pranab Mukherjee has emphasized that in a federal country like ours, States and Centre complement each other in managing the fiscal policy and the economy. He said that coordination between Centre and States is extremely vital for creating a conducive environment for growth and inclusive development in the country.
Following is the text of the address delivered by the Union Minister of Finance Shri Pranab Mukherjee on the occasion of 84th Annual General Meeting of Federation of Indian Chambers of Commerce and Industry (FICCI) here today:
Sebi has reduced the timeline for completion of buy back of shares by companies to 34-44 days. Earlier, the buyback process could take anywhere between 63 and 114 days. These changes form a part of amendments made by the regulator in the Sebi (Buy back of Securities) Regulations, 1998. They have come into effect from January 3.
Gold and silver are set to become more expensive as the government has changed the duty structure on precious metals from specific to value-linked. The change will enable the exchequer to rake in an additional 600 crore rupees during the remaining months of this fiscal. As per the changes, customs and excise duty will now be levied on the value of the precious metals instead of a fixed amount, meaning that the incidence of duty will move up with the rise in prices of the goods, thereby making them more expensive.
THE COST AND WORKS ACCOUNTANTS (AMENDMENT) ACT, 2011 (No. 10 of 2012) [12th January, 2012.] An Act further to amend the Cost and Works Accountants Act, 1959. BE it enacted by Parliament in the Sixty-second Year of the Republic of India as follows:— Short tide and commencement 1. (1) This Act may be called the Cost and Works Accountants (Amendment) Act, 2011. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
