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Info panel issues summons to Games OC, IOA

November 16, 2010 522 Views 0 comment Print

The Central Information Commission has issued summons to Organising Committee of the Commonwealth Games, asking it to submit all documents related to alleged discrepancies in the ticketing, Queen’s Baton Relay and the conduct of the Games.The transp

Income Tax dept suspects "round tripping" by some of investors of realty firm IREO

November 16, 2010 924 Views 0 comment Print

The income tax (I-T) department is hot on the trail of investments worth Rs7,316 crore made by 26 foreign entities in Gurgaon-based real estate company Ireo Group amid rising suspicion of round tripping by some of these investors.

Audit of Telecom Companies

November 16, 2010 549 Views 0 comment Print

irector General Audit, Post & Telegraph had suggested that since the Private Service Providers (PSPs) are resisting to submit their books of accounts for C&AG audit, the licence agreement between DoT and the PSPs may be amended in conformity with TRA

Gove bans Import of Second Hand Computers

November 16, 2010 759 Views 0 comment Print

There is a ban on import of second hand computers and computer peripherals now. As per Ministry of Commerce’s Handbook of Procedures Vol. 1 (2009-14), import of second hand computers including personal computers/ laptops and refurbished/reconditioned

Export Grows 21.3 Percent in October 2010 – Commerce Secretary

November 16, 2010 297 Views 0 comment Print

India’s exports have registered a growth of 21.3% during October 2010, at US $ 18 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-October 2010, exports have reache

President of India to Inaugurate Celebrations of Completion of 150 Years of C&AG tomorrow

November 16, 2010 369 Views 0 comment Print

The Institution of the Comptroller and Auditor General of India is completing 150 years of its existence. The Hon’ble President of India Smt. Pratibha Devisingh Patil will inaugurate the celebrations of completion of 150 years of this institution by

Tariff Value of Edible Oils, brass scrap and Poppy Seeds Notified

November 16, 2010 471 Views 0 comment Print

Central Board of Excise and Customs (CBEC), Department of Revenue has issued a Notification No.97/2010-Customs (N.T.) dated November 15, 2010 and thereby notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds as shown in the

Bar Council of India responsible to lay down standards of professional conduct for Law Firms in the Country

November 16, 2010 1578 Views 0 comment Print

Dr.M.Veerappa Moily, Minister of Law and Justice, in the Lok Sabha in a written reply that under section 7 of the Advocates Act, 1961, the Bar Council of India is responsible to lay down standards of professional conduct and etiquette for advocates;

Nominee of bank account does not get succession rights

November 15, 2010 1242 Views 0 comment Print

The Supreme Court (SC) has clarified the nominee of a depositor in a bank does not get ownership of the money in the account after death of the depositor. The nominee gets exclusive right to receive the money lying in the account. It gives him all th

Income Tax Department probing 7,300 crore inflow in 26 companies linked with BJP leader

November 14, 2010 1499 Views 0 comment Print

An inflow of over Rs 7,300 crore into 26 companies, most of them registered at two Delhi addresses, from companies registered in Mauritius and Cyprus has caught the attention of tax slueths. Sensing that this could be a case of “round-tripping” – mo

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