People with more than Rs 10 lakh annual income may not get the tax relief originally proposed in the Direct Taxes Code, as the Finance Ministry is for tweaking slabs across the board to offset concessions elsewhere.
The Exchange has joined hands with several agencies like the government, trade bodies and educational institutions to drive financial literacy for financial inclusion and encourage incorporation of global best practices in the industry.
It has the powers to suspend an auditor, but now ICAI, the Institute of Chartered Accountants of India wants the power to suspend entire firms. This proposal is part of ICAI’s recommendations for better regulation of the audit profession.
The United Progressive Alliance government has initiated a move to revive a 20-year-old controversial bill which seeks to give representation to workers on company boards. As a first step, Union Labour Secretary Prabhat Chaturvedi met human resource directors and other senior officials of 12 ‘Navratna’ PSUs in Delhi .
The Central Board of Direct Taxes plans to set up two more central processing centres (CPC) — one each in Ahmedabad and Faridabad (National Capital Region) — to improve taxpayer service, the CBDT Chairman, Mr S. S. N. Moorthy, said here today.
The Reserve Bank has said the country will continue to move towards capital account convertibility that would provide unfettered freedom to local entities to exchange the rupee with other currencies, after drawing lessons from the global financial crisis.
Market regulator SEBI today debarred one Chandrakant Amratlal Parekh from dealing in the stock market for one year for his alleged involvement in cornering shares meant for retail investors of Suzlon during its IPO.
The market watchdog Sebi today moved the Supreme Court challenging the decision of the appellate tribunal SAT that held that financial investors like PEs and VCs do not acquire controlling stake in a company by just picking up more equity.
Sebi on Thursday asked mutual fund houses to disclose the details of investor complaints on websites, as well as in annual reports, to enable clients to make more informed decisions.”Mutual Funds shall henceforth disclose on their websites, on the AMFI website as well as in their Annual reports, details of investor complaints received by them from all sources,” the Securities and Exchanges Board of India said in a circular.
Sunil Chandiramani, Partner and National Director-Advisory Business Leader-Government Services, Ernst & Young (E&Y), with a team of 15 people is busy with India’s most ambitious programme of providing a unique identification (UID) number to residents of India.
