The agriculture sector will not follow the International Financial Reporting System (IFRS) like other financial sectors of the country. The decision was taken by the Institute of Charted Accountants of India (ICAI), which drafts the accounting standa
The Sebi on Thursday passed strictures on four listed companies—Murli Inds, Ackruti City, Welspun-Gujarat Stahl Rohren and Brushman three broking firms, market operator Sanjay Dangi and other related entities for their role in market manipulation of
The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo
Retail customers of banks, who have to pay exorbitant charges and penalties for basic services and pre-payment of loans, are in for some good news. The Reserve Bank of India (RBI) is considering a ceiling on such charges. Worried by the refusal by so
Jammu and Kashmir will implement Goods and Services Tax along with the other states in the country proposed during the coming year, the state government has said. The state would also computerise its commercial taxes department within 15 days for the
Dark days are ahead for Bollywood and Tollywood what with a proposal by the Centre to impose goods and services tax (GST) on films that will cripple the industry. “This is a very serious issue. If Parliament clears it, no filmmaker can end up making
Commonwealth Games overlays suppliers — questioned by Income Tax investigation in connection with irregularities in Games contracts — have alleged that an average 15% commission was paid to Organising Committee officials, besides payoffs to project e
Ninety-five officials from different government-controlled organisations and banks have come under the CVC scanner in October alone for alleged involvement in corrupt practices and action has been recommended against them. Of them, a highest 17 were
Income tax department (I-T) suspects that the tapes of alleged conversation between corporate lobbyist Niira Radia and journalists, ministers and corporate captains been leaked from telecom service provider’s end amid a raging debate on the whether p
The Securities Appellate Tribunal (SAT) has upheld the SEBI order against chartered accountant couple Dushyant and Puloma Dalal in the IPO allotment scam and dismissed the appeal filed by the couple. The stock market regulator, SEBI, had found them g
