ICSI – Centre for Corporate Governance, Research & Training (CCGRT) is organizing its 8th Residential Management Skills Orientation Program (MSOP) from Saturday, May 14th to Sunday, May 29, 2011. All the final passed candidates from anywhere in India and having completed TOP and Management Training or been exempted from training are eligible to attend.
The Sevottam Centre, Kochi which had become operational from August 2009 has come of age and has attained critical mass now. Out of the total Dak of 13692 received, 11742 nos have been resolved till date – 86%. The centre has become fully functional in all respects and has been able to attain all the objects for which it has been set up.
The Income Tax department has raised to Rs. 89,000 crore its total tax demand on Hasan Ali Khan and his associates with the businessman himself having to cough up around Rs. 62,000 crore.The IT department, which earlier had raised a total tax demand of Rs. 71,845 crore on Mr. Khan and his associates, has now included a 24 per cent penalty on this amount as the assessment on them was made in 2008, according to the department sources.
The government today said it would come out with the guidelines on independent directors to improve the quality of representation on the boards of the state-run companies. Heavy Industries and Public Sector Enterprises Minister Praful Patel said the quality of independent directors in the PSU boards “needs to be upgraded”.
Shri Kapil Sibal, the Union Minister of Communications and Information Technology(C&IT) launched today “e-post office”, the e-Commerce portal of India Post. The portal will enable the customers to transact postal business any time and from anywhere using either debit card or credit card through the medium of internet. Speaking on the occasion Shri Sibal said that in the changing word, the ways we live are changing. Launch of e-Post is a step in this direction offering a bouquet of services to the consumers. This is inline with shift in marketing trend of service provider reaching the consumers.
European Union (EU) has been raising protective barriers against Textiles & Garments exports from India through various Non- Tariff barriers such as Labelling Certification and REACH (Registration, Evaluation, Authorisation and Restriction of Chemical Substances).
Under the India-ASEAN Trade in Goods Agreement, tariff concessions have been offered by India on certain items imported from ASEAN courtiers. Details of these items and concessions thereof are in public domain. The India-ASEAN Trade in Goods Agreement has so far been implemented between India and 8 ASEAN members. Member countries, namely Malaysia, Singapore, Thailand, Vietnam, Myanmar, Indonesia, Brunei and Lao PDR. India and ASEAN are currently negotiating an Investment Agreement that envisages protection and promotion of FDI between the parties.
The government has imposed a penalty of Rs 24.66 crore on 18 individuals who have bank accounts with LGT Bank of Liechtenstein on the basis of information provided by the German authorities, Finance Minister Pranab Mukherjee told the Rajya Sabha. In a written reply to the Upper House, Mukherjee said that notices for imposition of penalty and prosecution under various provisions of the Income Tax Act, 1961, have been issued to the concerned individuals.
In a major relief to lakhs of depositors duped by fly-by-night non-banking financial companies, the Supreme Court on Tuesday ruled that the government has the power to attach the properties of such fraudulent organisations. The apex court said such a legislation was constitutionally valid and not repugnant to the Reserve Bank of India rules, or the Companies Act, as it was a welcome measure in view of thousands of such cases being reported in the country.
Furnishing of income tax returns has been made mandatory for all candidates entering the poll fray and details of inherited property will also have to be provided under a new nomination affidavit brought out by the Election Commission. Candidates will now have to fill a six-page affidavit along with his or her nomination papers before the returning officer.
