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Govt wants Google to share Gmail’s encryption keys

December 24, 2010 351 Views 0 comment Print

With Nokia succumbing to pressure and recently setting up its email server in New Delhi for government authorities to snoop, the Union Home Ministry, which has tasted blood, is now exerting pressure on Google Inc to share Gmail’s encryption keys.

Income tax department orders special audit of Commonwealth Games Organising Committee books

December 23, 2010 522 Views 0 comment Print

The income tax department has ordered a special audit of the accounts of Commonwealth Organising Committee after detecting multiple violations of procedures. A detailed analysis of books of accounts was required to ascertain the extent of non-compliance by the committee, a tax department official told to media.

Adarsh Society members fail to reply to Income Tax Department notices

December 23, 2010 570 Views 0 comment Print

The income tax (I-T) department is still waiting for members of Adarsh Cooperative Housing Society to submit details of the investment they have made in flats in the 31-storeyed tower. The department had issued notices to the Colaba housing society’s members asking six questions related to their flats, the investment made in them and other details such as tax returns filed and Permanent Account Numbers (PAN).

Declaration of Result – Election to the 11th Council of the ICSI held on 10th and 11th December, 2010

December 23, 2010 438 Views 0 comment Print

Election to the 11th Council of the ICSI held on 10th & 11th December, 2010 – Notification regarding declaration of result

Online Industrial Licence Tracking/Status Monitoring Facility

December 23, 2010 453 Views 0 comment Print

Under the Industries (Development & Regulations) Act 1951, the Department of Industrial Policy & Promotion (DIPP), issues licenses for certain licensable products. With a view to ensure enhanced public access and transparency as well as to implement

Income-Tax Department raids Ahmedabad real estate firm

December 22, 2010 489 Views 0 comment Print

The Income-Tax Department on Sunday conducted searches in over a dozen premises of an Ahmedabad-based real estate development firm for tax evasion. Over a dozen premises of Shaladia Construction were searched in Ahmedabad and Gandhinagar for tax

CESTAT cancels service tax demand of Rs 257 crore raised on JetLite

December 22, 2010 483 Views 0 comment Print

In a reprieve to JetLite (formerly known as Sahara Airlines), a tax tribunal today set aside the revenue department’s demand of Rs 257 crore raised on the domestic airline for carrying advertisements of a group company on its tickets. The demand rais

All villages to get access to banking in next 5 years- RBI

December 22, 2010 381 Views 0 comment Print

RBI’s outreach programme under financial inclusion would be implemented in villages across India and all people would be covered in the next five years, the apex bank’s Deputy Governor K C Chakraborty said today.

E&Y faces fraud charges over Lehman Brothers collapse'

December 22, 2010 591 Views 0 comment Print

US prosecutors are poised to file civil fraud charges against Ernst & Young for its alleged role in the collapse of Lehman Brothers, saying the accounting firm stood by while the investment bank misled investors about its financial health, according

Ministry of Finance Notification recognises Aadhaar number for Opening of Bank Accounts

December 22, 2010 519 Views 0 comment Print

A Ministry of Finance, Government of India, notification dated the 16 of December 2010 has recognized Aadhaar number issued by the Unique Identification Authority of India (UIDAI) as an “officially valid document” to satisfy the Know Your Customer (K

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