The Supreme Court on Friday asked the government to respond to the CAG report pointing out largescale irregularities and favoritism allegedly by telecom minister A Raja in the Rs 70,000-crore 2G spectrum allocation scam in 2008.
The empowered group of state finance ministers will discuss the constitution of goods and services tax (GST) Council and dispute settlement mechanism at its meeting on October 30. Earlier, Finance Minister Pranab Mukherjee had said the proposed GST C
Chartered Accountants in practice for one year or more may set up a Certified Facilitation Centre (CFC) for providing facilities to central excise and service tax assessees to file returns and other documents electronically under Automation of Central Excise and Service Tax (ACES) Project of the CBEC.
The Finance Ministry has come up with an optional composition scheme for service tax payment on promotion or marketing of lotteries. Budget 2010-11 had introduced service tax levy on the services of promoting, marketing, or organising of games of cha
Individuals engaged in the mining business have emerged the country’s top taxpayers along with film stars, professionals, top-notch CEOs and promoters of large corporations. These individuals, most of whom are prominent politicians or having direct l
THE banking regulator has questioned deals that foreign investors often strike with Indian companies to protect their money. Foreign strategic investors regularly enter into an arrangement where local firms and promoters keep aside some assets that c
Industry chambers today strongly pitched for corporates entering the banking space, with all of them stating that a lower capital requirement would be detrimental in the long-run and that deep-pocket industrial houses with good track record be given
Smaller companies in computer services, real estate and trade activities are embracing the limited liability partnership structure in a big way, while large professional firms are staying away due to a lack of regulatory clarity on issues such as sta
India would intervene in the foreign exchange markets if needed to maintain stability, the central bank’s governor said during a panel discussion at the International Monetary Fund in Washington on Saturday.
The Reserve Bank today said it will issue new coins of Rs 5 and Rs 2 to commemorate the ongoing Commonwealth Games in New Delhi. “The RBI will shortly put into circulation coins of Rs 5 and Rs 2 with the theme ‘XIX Commonwealth Games, 2010-Delhi,” t
