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States FMs panel on GST to meet on Aug 19

August 4, 2011 1322 Views 0 comment Print

Empowered Committee of State Finance Ministers on GST, under its new chief Sushil Modi, will meet on August 19 to discuss various issues related with the roll out of the ambitious indirect tax regime.

HDFC Bank starts income tax payment facility through ATMs

August 4, 2011 1156 Views 0 comment Print

Private sector lender HDFC Bank on Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through the bank’s ATMs. With this facility, the bank has given its vast customer base the freedom from waiting in long queues at counters or logging into the internet to pay their taxes,” the bank said in a statement.

EOI – Empanelment of External Experts for assistance in IS Audit Function

August 4, 2011 1156 Views 0 comment Print

Reserve Bank of India (Bank) invites expression of interest (EOI) to prepare a panel of reputed Information Technology (IT)/Information System (IS) Audit Agencies/Organizations for carrying out Information Technology/ Information System Audit of various systems in the Bank. Broad areas for the IS audits are as follows:

RBI – Reconstitution of the Technical Advisory Committee on Monetary Policy

August 4, 2011 1138 Views 0 comment Print

With a view to strengthening the consultative process in monetary policy, the Reserve Bank of India had constituted a Technical Advisory Committee on Monetary Policy in June, 2009. The tenure of the Committee was up to June 30, 2011. However, it was decided to continue with the Committee up to the First Quarter Review of July 2011.

CBI arrests G.M. BCCL, Dhanbad, Jharkhand for offering bribe of Rs.5 lakh to an officer of CBI

August 4, 2011 1850 Views 0 comment Print

The Central Bureau of Investigation has today arrested General Manager, BCCL, Dhandbad, Jharkand while abetting and offering bribe of Rs. 5 lakh (five lakh) to an officer of the CBI for getting favours in the matter of on-going joint surprise check conducted jointly by CBI and Vigilance Department of BCCL, Dhanbad in Regional Open Cast Project (ROCP) of Kustore area, BCCL, Dhanbad on the allegation of mixing of soil and stone in the coal stock of ROCP, Kustore Area, BCCL, Dhanbad to cover up the shortage.

CBI registers two cases relating to alleged irregularities in the funds allotted to the National Rural Health Mission

August 4, 2011 558 Views 0 comment Print

The Central Bureau of Investigation has registered two cases relating to alleged irregularities in the funds allotted to the National Rural Health Mission on the directions of Honorable High Court of Judicature at Allahabad, Lucknow Bench passed in a Writ Petition. Accordingly CBI has registered two regular cases U/s 120-B r/w 409, 419, 420, 467, 468 and 471 IPC and 13 (2) r/w 13 (c), 13 (1) (d) of PC Act 1988.

Maharashtra VAT – Additional Instructions for Filling Annexures to Form 704

August 4, 2011 6100 Views 0 comment Print

1. In annexure-J section-1 (supplement), enter details of Customerwise Local sales in Maharashtra state. Please enter dealerwise sale. Do not enter transition wise sale. 2. In annexure-J section-2 (supplement), enter details of Supplierwise Local purchase in Maharashtra state. Please enter dealerwise purchase. Do not enter transition wise purchase.

CBDT Chairman Releases Dos and Don'ts Manual 2011 for departmental use

August 3, 2011 996 Views 0 comment Print

Manual of Dos & Don’ts covering various aspects of General Conduct, Financial administration, Tax administration and Vigilance Administration etc prepared by the Vigilance Directorate , was released by Shri Prakash Chandra, Chairman CBDT during the Video Conference on 29.07.2011.

RBI seeks Public Comments on Report on Customer Service of Banks

August 3, 2011 1418 Views 0 comment Print

The Reserve Bank of India today placed on its website, the Report of the Committee on Customer Service in Banks and sought comments/feedback from members of the public/all the stakeholders on the Committee’s recommendations. The comments/feedback may, latest by August 27, 2011, be emailed or may be sent by post/courier to the Chief General Manager, Customer Service Department, Reserve Bank of India, Central Office, Amar Building, First Floor, Sir P.M. Road, Mumbai-400001 or faxed to 91-22-22630482 / 22631744.

Lifting Ban on Export of Non-Basmati Rice

August 3, 2011 816 Views 0 comment Print

The Empowered Group of Ministers (EGOM) has allowed the export of 10 lakh tons of non-basmati rice, subject to a Minimum Export Price(MEP) of USD 400 per Ton, in its meeting held on 11th July, 2011. It was also decided that the export of non-basmati rice would be done by private parties from privately held stocks on purely commercial basis. Besides, prior registration of all export contracts would be done by DGFT on a first-come-first served basis subject to the following conditions:

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