After wooing the urban poor here with its ‘One Rupee Bank’ account, State Bank of India (SBI) is now aggressively targeting the crorepatis. The government lender has inaugurated first-of-its-kind branch for high net worth individuals (HNIs), where it
Market regulator Sebi said that trading of shares of companies going for a merger, demerger or a change in capital structure will have to be done in a price range for the first ten days of post-restructuring, in a move aimed at curbing volatility in
Shri Salman Khurshid, Minister for Corporate Affairs, has said that Corporate Social Responsibility (CSR) is to be taken from ‘Company’s Vision’ to ‘Country’s Vision’. Inaugurating the 38th National Convention of Company Secretaries in Kolkata yester
This was decided in the historic 150th Meeting of the ESI Corporation under the chairmanship of Shri Mallikarjun Kharge, Hon’ble Minister of Labour & Employment, Govt. of India, today at ESIC Headquarters, New Delhi. Shri Harish Rawat, Hon’ble Minist
In respect of the other two schemes, namely, Easy Exit Schemes, 2010 and Company Law Settlement Scheme 2010, the Institute has requested for extension of time for availing of the two schemes.
As you may be aware that the ICAI has taken a lead role in the development and promotion of XBRL in India and has accordingly set up a provisional jurisdiction of XBRL in India.
Union Finance Minister Pranab Mukherjee on Wednesday said the estimates of 8.8 per cent GDP growth released on Tuesday could be revised if inaccuracies are found in computation.
The President has assented to the Personal Laws (Amendment) Act, 2010 on 31st August, 2010 and it is published in the Gazette of India as Act 30 of 2010 on 1st September, 2010. The Act has amended the Guardians and Wards Act, 1890 and the Hindu Adopt
It is official now. The country may miss the April 1, 2011 deadline for adopting a dual goods and services tax (GST) system.The Finance Minister, Mr Pranab Mukherjee, has now conceded that it may not be possible to introduce GST from April 1 next year. The main bottleneck in achieving this major tax reform is the absence of consensus between the Centre and the States on the required Constitutional Amendment for introduction of GST.
While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base would have to pay a maximum penalty of two times the tax sought to be evaded.
