it is clarified that the CBDT has not shared any information received under the DTAA with Germany regarding Indians having accounts in the LGT bank, Liechtenstein, with any other agency. The CBDT has also not authorised the use of the information received for any purpose other than tax purposes.
Thank you for inviting me to share my thoughts at the Annual CII CFO Summit. In recent weeks, the macroeconomic environment has become particularly turbulent. Global conditions have contributed to a significant rebalancing of portfolios as a result of rapidly changing risk perceptions and appetites. This has led to increased instability and volatility in financial markets, particularly currency markets. On the domestic front, growth is decelerating while inflation remains high, with upside pressures persisting from the sharp depreciation in the rupee. While overall macroeconomic conditions may cause concern, we need to take an integrated and forward-looking view of positive and negative indicators and future risks while thinking about appropriate policy responses. This is what I propose to do during the course of this talk.
A large delegation of farmers from North India met the Union Minister of Commerce Industry and Textiles Shri Anand Sharma, here today, to register their support for the Government’s decision to allow 51 per cent FDI in retail sector. The farmers expressed their happiness that the policy removes middleman and aims to bring better prices for the farmer’s products.
The Union Cabinet on Thursday cleared the Companies Bill, 2011 and decided to take up the Bill in the Winter Session itself for approval by Parliament. Once approved by Parliament, it will replace half-a-century-old Companies Act. The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session, a Corporate Affairs Ministry official said after the Cabinet meeting.
It gives me immense pleasure to inform you that for the first time in India, two pioneers of Commerce and Accountancy education namely the Institute of Chartered Accountants of India (ICAI) and University of Madras have joined hands by entering into an MoU to promote commerce education to the highest level and to contribute towards nation building.
Download Updated NSC Interest Rate Calculator in excel format which calculates NSC Interest for all the years. We just have to input the period in which investment is made and year for which we want to know the interest amount. As You all is aware that Government has recently introduced 10 year NSC instead of earlier six year NSC and rate of interest also been changed upward. In view of the changes in NSC Period and interest rate vide Notification [F.No. 1-13/2011-NS-ii], dated 29-11-2011 , we have prepared a new calculator and uploaded the same for your reference.
The Central Bureau of Investigation (CBI) on Wednesday issued a notice to Dr Reddy’s Laboratories seeking details of the tax benefits it had availed during the reign of N Chandrababu Naidu as chief minister in Andhra Pradesh.
The government expects that the Parliamentary standing committee report on the Direct Tax Code (DTC) will be presented during the ongoing winter session to enable implementing tax reforms by April next, a senior Finance Ministry official said today.
I am very happy to be here today among some of the eminent opinion makers and leaders of our times who have come together to share their thinking at the Hindustan Times Leadership Summit 2011. I am also happy to see this annual event growing in stature. You have been successful in identifying issues of contemporary relevance and, more importantly, getting an interesting and a diverse panel of speakers for the Summit. I compliment you for that.
In pursuance of the recommendations of the Committee on Public Procurement headed by Shri Vinod Dhall and the decisions thereon of the Group of Ministers constituted to consider measures to tackle corruption and ensure transparency, the Department of Expenditure, Ministry of Finance has on 30th November 2011, issued instructions for setting up a Central Public Procurement Portal and making it mandatory for all Ministries/ Departments of the Central Government, Central Public Sector Enterprises (CPSEs) and autonomous and statutory bodies to publish all their tender enquiries on this portal.
