Institute of Chartered Accountants of India (ICAI) will hold all its Disciplinary Committee meetings on Satyam Computers multi-crore accounting scam henceforth in Hyderabad , ICAI Vice-President G Ramaswamy, Vice-President said on Monday.
Finance minister Pranab Mukherjee today said the Centre is working at a “political level” with states for countrywide roll-out of goods and services tax (GST), but it may take some time to arrive at a consensus on the new indirect tax regime. “I am
With a view to rein in high inflation, the Reserve Bank of India today raised its key short-term lending and borrowing rates by 0.25 per cent each with immediate effect. The short-term lending (repo) rate has been hiked to 6.50 per cent and the borro
Shri R. P. N. Singh assumed the charge of the Minister of State for Corporate Affairs here today at Shastri Bhawan. Secretary of the Ministry, Shri R. Bandyopadhyaya, and other senior officers of the Ministry of Corporate Affairs were present on the
Finance Minister Shri Pranab Mukherjee has said that the targets for direct and indirect tax collections are being raised for this financial year. He said that direct tax collection target is to be increased to 4% and indirect tax collection target will be raised to 6%. The Finance Minister was addressing the review meeting of Central Board of Direct taxes (CBDT) and Central Board of Exise and Customs (CBEC) in Chennai today.
With the increases announced today, since mid-March 2010, the Reserve Bank has cumulatively increased the repo rate by 175 bps and the reverse repo rate by 225 bps. Additionally, the CRR was increased by 100 bps. Banks have responded to this calibrat
here have been significant changes in the macroeconomic environment since the Second Quarter Review issued on November 2, 2010. Globally, the recovery in the advanced economies appears to be consolidating and expectations of growth during 2011, parti
The results of PCC, IPCC, MAC (Part-I), IRM and ITL & WTO Examinations held in November, 2010 are likely to be declared on 5th February, 2011 at around 5.00 PM.
Mumbai Cost of home, auto and corporate loans may not go up immediately, even though the Reserve Bank raised short-term key policy rates by 25 basis points to check high inflation, bankers said. “The transmission mechanism between RBI and rest of t
India may have to wait till at least next year for information from Switzerland on possible black money trail to Swiss banks, as a treaty for the same might come into force only by the end of 2011. The treaty needs to be ratified by various authori
