In order to boost manufacturing of indigenous equipment, the Centre may extend preferential status to ‘Made in India’ products in the New Telecom Policy, 2011 (NTP’11). “Broader telecom policy will include measures appropriate to encourage domestic telecom manufacturing. Some aspects have been considered by committee of secretaries, and preferential status for domestic manufacturers is one of them,” Department of Telecom (DoT) secretary R Chandrashekhar told PTI.
The government today cleared the Bureau of Indian Standards (Amendment) Bill, 2011 paving the way for introduction of mandatory hallmarking of more products including gold. At present, about 77 items including cement, mineral water and milk products are certified with mandatory hallmarking under the BIS Act to conform to the quality level of goods and […]
The Delhi Legislative Assembly on Monday passed by voice vote the Delhi Value Added Tax (Amendment) Act, 2011. The purpose of the ammendment is to give extension for one more year which will be up to March 31st of March next year. Earlier the date for disposing pending appeals was 31st of this month and still more than 7,500 appeals are pending for which the date has been extended.
Corporates looking to enter the banking business will have wait for some more time, as the government is considering amendment of the Banking Regulation Act and Banking Laws Act before finalising the guidelines for giving new licences. The final guidelines on the new banking licences would be released only after the necessary amendments to the Banking Regulation Act and Banking Laws Act are cleared by Parliament, official sources said.
Acting tough, the government has imposed fines worth Rs 700 crore on various telecom operators for carrying out illegal and clandestine activities in their services, particularly for non-compliance of the subscriber verification process. The penalty was imposed by Telecom Enforcement , Resource and Monitoring (TERM) Cells till January 2011 on various telecom service providers operating in different licence service areas for non-compliance of subscriber verification guidelines, a Home Ministry report said.
Union Heavy Industries Minister Praful Patel today batted in favour of making CSR (corporate social responsibility) spends mandatory for private companies , saying it is necessary for the upliftment of people. “I think the corporate sector cannot avoid the responsibility of bringing about change in our country and should support initiatives not only of the government but also outside the government,” Patel told reporters here.
Admission to Company Secretaries (CS) Foundation Programme is on. 10+2 pass/ appearing students seeking admission till 31st March, 2011 will be eligible for Examination in December, 2011. Students of any stream- Arts / Science / Commerce ( excluding Fine Arts ) can pursue the CS FOUNDATION PROGRAMME conducted by the Institute of Company Secretaries of India (ICSI). CS Helpline is available on Telephone No. 011 – 41504444, 45341076 & 45341077 (Delhi) & 0120-4522061, 4522071 & 4522081 (NOIDA).
In order to check flow of black money into real estate sector, Prime Minister Manmohan Singh today said stamp duty needs to be reduced, a step that realty players welcomed, stating it will bring in more transparency.
The Supreme Court Friday asked the government to consider the option of setting up a Special Investigation Team (SIT) to probe the black money stashed away by Indian citizens in foreign banks. An apex court bench of Justice B Sudershan Reddy and Justice SS Nijjar asked Solicitor General Gopal Subramaniun to get back with the government’s response by March 28.
The Institute of Chartered Accountants of India organized a Workshop on Indirect Proposals of the Union Budget 2011-12 at its Headquarter in New Delhi on March 17,2011. The Workshop was addressed by Shri S. Dutt Majumder, Chairman, Central Board of Excise and Customs. Shri Y.G. Parande, Member, CBEC, Shri V. K. Garg, Joint Secretary (TRU), CBEC and Shri Roopam Kapoor, Officer on Special Duty, CBEC were also participated in the Workshop and interacted with the members and experts of the field of indirect taxes.
