The powers of the Central Board of Direct Taxes (CBDT) have been reinstated in the Direct Taxes Code (DTC) Bill. The first draft of DTC had proposed to strip the board of its powers to issue certain communications and restricted its role to merely a
A local court on Friday allowed the petition of a former Satyam employee, accused in the multi-crore accounting scam, to plead his case on his own. The XXI Additional Chief Metropolitan Magistrate court allowed the petition of G Ramakrishna, who wor
The government banks on the support of the Bharatiya Janata Party (BJP) to push the Insurance and LIC Bills in the next Parliament session, but it seems to have adopted different tactics on the Goods and Services Tax (GST) Bill.
The government is determined to implement a policy intended to give those displaced by mining a share in the profits of the miners despite a less than enthusiastic response from industry, the minister for mines said on Thursday.
The new Companies Bill, which is likely to be tabled in the Winter Session of Parliament, will contain provisions to rule out a recurrence of the Satyam episode which shattered the confidence of India Inc, Minister of State for Corporate Affairs Salm
“Deregulation of interest rate is on our radar. A working group will soon be set up to examine the possibility of deregulating of interest rates,” RBI Deputy Governor Usha Thorat said while addressing a banking conference organised by FICCI and IBA h
Securities and Exchange Board of India Request for Informal Guidance under Securities and Exchange Board of India (Informal Guidance) Scheme, 2003 {The Scheme} in the matter of M/s. Ramkrishna Forgings Limited (Target Company) Letter No. CFD/DCR/SKM/TO/18378/2010 dated 2-9-2010 This has reference to your letter dated April 6, 2010 requesting for interpretive letter under Securities and […]
A unique identification number , or Aadhaar, may soon be enough for a person to get a new mobile connection or to open a bank account. The Unique Identification Authority of India (UIDAI), the apex agency managing the UID project, which aims to give
Union Finance Minister Shri Pranab Mukherjee has asked all the banks to over perform to achieve their targets so that by 2011, all habitations of 2000 population and above get the facility of a bank and related financial services. Earlier this target
The Standing Committee of Parliament, which thoroughly examined The Companies Bill, 2009, has observed that as the institution of Independent Directors is a critical instrument for ensuring good corporate governance, it is necessary that the function
