In a bid to curb generation of black money during the upcoming assembly polls in five states, the Election Commission today asked the Income Tax department to keep a check on suspicious movement of cash and hawala brokers. At a high-level meeting C
IFCL is a wholly-owned Government company providing financial assistance to long-term infrastructure projects. As on 30 Sept 2010; 105 of the 124 projects for which IIFCL has sanctioned finances. As on March 31, 2010 and September 30, 2010, it had n
The Supreme Court Thursday was told that the government will reveal the names of all the people who have stashed away their black money in foreign banks abroad after it registers cases against them. The government’s assurance to the apex court bench
CA. Amarjit Chopra, President, ICAI has signed an MOU with New India Assurance Co. Ltd. on 10 th February 2011 extending facility for insurance against professional indemnity for members and CA Firms. Mr. Virander Kumar, Genral Manager, New India Ass
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After deciding to deploy revenue service officers at eight overseas Income Tax units, the government will now depute IRS officers to an international economic body OECD to enhance Indian capabilities in tackling money laundering, tax crimes and bribe
The US was extraordinarily frustrated with the slow pace of opening up of Indian economy, despite the issue being raised at the highest level, a top Obama Administration has said As you know, (the US) President (Barack) Obama led in exports and a mission to India as part of his Southeast Asia trip last year and I will be honest, we have been extraordinarily frustrated at the slow pace of opening that market, US Trade Representative Ron Kirk said at a Congressional hearing
India has entered into a pact with the British Virgin Islands for exchange of information to check tax evasion and money laundering. This is the third Tax Information Exchange Agreement (TIEA) — as it is known in the parlance of the Organisation for Economic Cooperation and Development (OECD) — signed by India.
The Government today approved Rs 7,029 crore compensation to states for the losses they suffered due to reduction in central sales tax (CST) rate in 2010-11.The Union Cabinet , chaired by Prime Minister Manmohan Singh , has approved a proposal for pr
The Union Cabinet today approved the proposal of Ministry of Finance to move the necessary amendments in the Coinage Bill 2009, which is pending in the Lok Sabha with such consequential and drafting changes as may be considered necessary. A Bill to t
