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Allotment of Coal Blocks in Recent Past – a Clarification

July 8, 2011 651 Views 0 comment Print

Long before the UPA Government came to office in 2004, coal blocks were being allotted under the prevailing law that is the Coal Mines (Nationalisation) Act, 1973. The allotment of coal blocks was only through a mechanism whereby applications were received and scrutinized by an inter-ministerial Screening Committee, which included representatives of the State Governments, where the coal block was situated. The same system was followed by the UPA Government since 2004. The process of inviting applications and their processing was done in a completely transparent manner involving the relevant stakeholders/ Governments. Most importantly, not a single coal block was allotted without the consent of the State Government concerned.

Form 7 and 10 for application for DIN and Intimation of Changes in Forming LLP

July 8, 2011 7051 Views 0 comment Print

Pursuant to notice of the Ministry (Draft Notification for DIN & DPIN Rules), Form 7 (Application for allotment of Designated Partner Identification Number) & Form 10 (Intimation of changes in particulars by Designated Partners) are discontinued from LLP Portal. Those who wish to form a LLP should apply for DIN ( http://www.mca.gov.in/MCA21/Din.html ). Once DIN is obtained, user can link DIN & DSC in the DSC association page. If a person already has a DIN, the same can be used for forming LLP.

Finance Minister Releases New Series of Coins in the Denomination of 50 Paise and Rupees 1,2,5 And 10

July 8, 2011 1219 Views 0 comment Print

The Finance Minister Shri Pranab Mukherjee today released a new series of coins with improved design and revised size in the denomination of 50 paise, Rs. 1, 2, 5, and 10. Speaking on the occasion, Shri Mukherjee said that new coins will not only reduce the cost of moving materials but also are of user friendly size and weight. He said that security edging of new series of coins would be good for better recognition by visually challenged persons and will have improved counterfeit resistance.

E-Ticket on Mobile Phone now Possible through new Web Portal Facilitating Travel by Merely Displaying SMS Without Ticket Printout

July 8, 2011 2630 Views 0 comment Print

Single Window web Interface – “The Indian Railway web Portal” – Launched for the Benefit of Multiple Rail users. E-Ticket on Mobile Phone now Possible through new Web Portal Facilitating Travel by Merely Displaying SMS Without Ticket Printout. No Travel Agents Allowed to use New Web Portal to Facilitate Convenient Booking by Normal Passengers

ICWAI – President's Message July 2011

July 8, 2011 870 Views 0 comment Print

When I started my term as President, I was one of the youngest Central Council members, clearly fascinated by this prestigious assignment. Being a practicing cost accountant and a former Vice President of the Institute, I found my involvement in issues with a national impact a most stimulating experience. I certainly changed a lot in the process. And I am very pleased to say that the ICWAI also changed dramatically. Without a doubt, with the recent changes in economic and regulatory environment combined with the recognition by the Government of India, the profession has metamorphosed into a powerful career option for young individuals today.

2G Scam – CBI's stand on Anil Ambani questioned

July 8, 2011 579 Views 0 comment Print

CBI’s decision not to charge sheet Anil Ambani, Chairman of ADAG Group, in the 2G spectrum scam was today questioned in the Supreme Court by an NGO which alleged that he was making attempts to cover up his involvement by influencing his arrested employees.

New website for micro, small and medium enterprises – NSIC

July 8, 2011 1226 Views 0 comment Print

Domestic entrepreneurs can now easily access information related to global micro, small and medium enterprises, their products and technologies on the website launched by National Small Industries Corporation (NSIC). Unveiling the website, www.msmeintelligence.com , MSME Secretary Uday Kumar Verma said: Non availability of experts, high cost of primary data collection and higher cost of database development are some impediments for MSMEs to gather Market Intelligence.

Amendment of the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979

July 8, 2011 1980 Views 0 comment Print

The Union Cabinet today gave its approval to amend the title of the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 to ‘Inter State Migrant Workers (Regulation of Employment and Conditions of Service) Act, 1979’ by introducing a Bill, namely the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Amendment Bill, 2011 (Appendix-III) (page 6 to 7) in the ensuing session of Parliament.

Infrastructure Lending and Financial Inclusion high on Agenda

July 8, 2011 844 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee will meet with the Chief Executive Officers of Public Sector Banks (PSBs) and Financial Institutions tomorrow in the national capital. During the meeting, the Finance Minister will do the annual review of Public Sector Banks’ performance in different sectors including flow of agriculture credit, Micro, Small and Medium Enterprises (MSMEs) credit, disbursement of housing loans and education loans among others.

Invitation of Expression of Interest (EOI) for developing XBRL Taxonomies

July 8, 2011 690 Views 0 comment Print

Invitation for Expression of Interest from leading vendors for taxonomy creation and maintenance for “XBRL India”, the local jurisdiction of XBRL International for developing XBRL taxonomies specified in 2 below. XBRL India, is registered as a company under section 25 of the Companies Act, 1956 and has been incorporated for managing the affairs of the local jurisdiction in India. XBRL India is facilitated by the Institute of Chartered Accountants of India (ICAI), the premier accounting body in India.

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