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RBI – Crisis Preparedness in Interconnected Markets – Prevention is Better than Cure

January 17, 2012 1005 Views 0 comment Print

Over the last five years, a word became very popular around the world. It dominated discourses amongst policy makers. It consumed innumerable hours of prime time on television. It spanned across meetings in offices, dinner table conversations, and informal chit chat between friends. The word is ‘crisis’. It has become almost a norm for speeches and addresses such as this to start with a reference to the crisis. This address, and indeed the subject of this seminar, is no different. Yet the subject remains as topical today as it was five years back when the global financial crisis first came to light.

CBEC Announces Reward Scheme for Information on Defaulters

January 17, 2012 1721 Views 0 comment Print

A suitable reward upto 5% of the amount recovered can be given to any informer who gives information regarding the whereabouts, assets, movable and immovable properties of persons or companies from whom arrears of duty, tax, fine, penalty etc. are recoverable under the Customs Act, 1962, the Central Excise Act, 1944 or Service Tax Act, 1994. The quantum of reward will be decided by the Chief Commissioner concerned.

IDBI MF offers Regular Cash Flow Plan (RCFP) under its Monthly Income Plan

January 17, 2012 897 Views 0 comment Print

IDBI Mutual Fund has introduced Regular Cash Flow Plan as an added feature under IDBI Monthly Income Plan (MIP). RCFP provides investors with an additional income stream by way of regular cash flow to take care of future projected needs.

Download Retirement Calculator for Government Employees in Excel Format

January 16, 2012 95355 Views 14 comments Print

Calculation of Retirement Date for Central Govt Employees and State Govt Government Employees. The Calculator calculates Retirement Year , Month & Date. As per the Govt Order the Retirement Date must be last day of the month in which one reaches the retirement age but if employees s Date of Birth is 1st Day of Month, then his Date of retirement will be last Date of previous month in which he completes his retirement age.

Vodafone to list its shares in India

January 16, 2012 1209 Views 0 comment Print

UK-based telecom major Vodafone has moved a step further to list its India operations by roping in investment bank NM Rothschild to assist the listing plans. According to sources, Vodafone India has roped in investment bank NM Rothschild to assist the company in its listing plans.

RBI – Infrastructure Financing in India – Progress & Prospects

January 16, 2012 946 Views 0 comment Print

IIT, Kharagpur is one of the very few educational institutes of India which has a strong linkage to our struggle for Independence and our vision for the future India. The Institute started its illustrious journey from Hijli Detention Camp where some of our freedom fighters were kept captive and had to make the supreme sacrifice for the freedom of our country.

Budget 2012 – Finance Minister holds Pre Budget Consultations with Trade Union Groups

January 16, 2012 1033 Views 0 comment Print

The Union Finance Minister Shri Pranab Mukherjee said that food inflation has come down on the negative side in the last two consecutive weeks. The annual rate of inflation (year on year) for December 2011 has declined to 7.47% as against 9.11 % in November 2011 and 9.45% in December 2010. The Finance Minister Shri Mukherjee was addressing the representatives of Trade Union Groups as part of the ongoing Pre-Budget Consultations exercise for the year 2012-13.

Budget 2012- Assocham asks govt to retain excise duty, service tax at at existing rate of 10 per cent

January 16, 2012 1606 Views 0 comment Print

Industry body Assocham has asked the government to retain both excise duty and service tax at existing rate of 10 per cent in the Budget for 2012-13. In its pre-budget memorandum submitted to Finance Minister Pranab Mukherjee, the chamber has asked the government to consider reducing Central Sales Tax (CST) rate from 2 per cent […]

BSNL invites applications for empanelment of Cost Accountant Firms for appointment as Cost Auditors for 2011-12

January 16, 2012 3531 Views 0 comment Print

ICWAI has received a communication from Bharat Sanchar Nigam Limited (BSNL), a fully Central Govt. owned company which is providing telecom services throughout the Nation, seeking a panel of Cost Accountant Firms for the purpose of selection and appointment of Cost Auditor from amongst such panel, for their 24 circle office and 2 District offices namely Chennai phones and Kolkata phones.

FM expect inflation to come down between 6 and 7% by the end of March 2012

January 16, 2012 408 Views 0 comment Print

The Union Finance Minister Shri Pranab Mukherjee said that the decline in the monthly headline inflation for December 2011 to 7.47% as against 9.11% in November 2011 was mainly due to significant decline in inflation for primary articles including food inflation in the month of December 2011. Shri Mukherjee was reacting to the monthly headline inflation data which was released today for December, 2011. The Finance Minister Shri Mukherjee said that he is confident that moderation in inflation would continue in the coming months though softening in the prices of manufactured goods despite the rapid decline in non-food primary inflation may be more gradual. The Finance Minister said that headline inflation should be between 6 and 7 per cent in March end 2012.

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