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FM holds Pre Budget Consultations with Financial Sector Stakholders

January 19, 2011 585 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee held a meeting with Financial Sector stakeholders to get their inputs for General Budget 2011-12, here today. This was the sixth meeting in the series of pre-Budget consultations held by Finance Minister w

CBI Registers a case againstan IAS Officer of Chhatisgarh Government, Bank Manager and Others

January 19, 2011 874 Views 0 comment Print

The Central Bureau of Investigation has registered a case U/s 120-B of IPC r/w 419, 420, 467, 468, 471, 477-A of IPC and 120-B, 13(2) r/w 13(1)(d ) of Prevention of Corruption Act, 1988 against the Member Revenue Board (an IAS Officer), Govt of Chhat

CBI Registers a case against Assistant Commissioner, Superintendent and Inspector of Central Excise for Corruption

January 19, 2011 781 Views 0 comment Print

The Central Bureau of Investigation has registered a case against Assistant Commissioner, Superintendent & Inspector of Central Excise, Indore and other private person U/s 120-B r/w 420 IPC and Section 13(2) r/w 13(1)(d) of P.C.Act, 1988. It was alle

Update on Empanelement for Audit of Urban Co-op. Banks and other Co-op. Societies

January 19, 2011 763 Views 0 comment Print

We had a useful meeting with the officials of the Co-operation Department at Pune on 5th January, 2011 with regards to the co-operative audit in Maharashtra. We have been requested to formulate a programme in respect of processes and other matters fo

ICAI issues Exposure Draft on Framework for Preparation and Presentation of Financial Statements (Revised 20XX)

January 18, 2011 991 Views 0 comment Print

Following is the Exposure Draft of the Framework for the Preparation and Presentation of Financial Statements (Revised 20XX), issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites

IFRS likely to be promulgated by early next month

January 18, 2011 372 Views 0 comment Print

An ordinance to notify IFRS is likely to be promulgated by early next month. Sources tell us that IFRS convergence standards, what will now be called IndAS have been vetted by the ministry of law. Infact the changes which need to be made to the compa

Govt allows Online Search of Trademark /patents and increases filing fees for patent and trademark application

January 18, 2011 1154 Views 0 comment Print

Patent and trademark seekers will no longer have to wait for weeks to get the go-ahead for their applications from the government’s patent registrar . The commerce and industry ministry has thrown open the entire trademark and patent database for fre

Finance Ministry rejects 9.50 percent interest rate Proposed by Labour Minister for 2010-11

January 18, 2011 384 Views 0 comment Print

The finance ministry has rejected the 9.5% interest pay out proposed on provident fund savings for 2010-11 saying the ‘surplus funds’ found by the PF department from its past accounts were ‘unverifiable.’ Labour Minister Mallikarjun Kharge had recom

Indirect Tax Collections up 42.8 Percent During April –December, 2010 75.7 Percent of Budget Estimates Achieved

January 18, 2011 297 Views 0 comment Print

Indirect tax collections registered a growth of 42.8 per cent during April-December, 2010 which is 75.7 per cent of the Budget Estimates for the fiscal 2010-11.crore customs collections increased 68.1 per cent and covered 86.8 per cent of total Budge

FM Holds Pre Budget Consultations with Economists

January 18, 2011 579 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee held a meeting with noted economists to get their inputs for General Budget 2011-12, here today. This was the fifth meeting in the series of pre-Budget consultations held by Finance Minister with the stake

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