CAclubindia News

RBI approves Air India debt restructuring

29 November 2011 at 10:20

Banks may be allowed to treat the national carrier’s loans as standard assets even after the recast Air India Ltd has won the central bank’s approval for a debt recast plan crucial to the state-run carrier receiving desperately neede

Posted in Others | 4002 Views

Sahara firms told to file balance sheets

29 November 2011 at 10:20

The Sahara companies collected the funds through financial instruments known as OFCDs, or optional fully convertible debentures The Supreme Court (SC) on Monday asked two Sahara Group companies to file their balance sheets and explain how they h

Posted in Audit | 6222 Views

Differences widen on CST

29 November 2011 at 10:20

Raising VAT should be left to the states and not be included as a part of the compensation formula, he added Differences between the Union and state governments over central sales tax (CST) compensation have aggravated, with the states claiming

Posted in VAT | 11 comments | 38574 Views

CBEC seeks more staff to meet growing workload

29 November 2011 at 10:19

The Central Board of Excise and Customs (CBEC) has asked the government for 25,000 more employees, equivalent to 40% of its current staffing level, to meet the growing workload. The finance ministry unit helps formulate policy on the levy an

Posted in Others | 3537 Views

Violations of Chartered Accountants Act

29 November 2011 at 10:13

Union Minister of Corporate Affairs Dr. M. Veerappa Moily today informed the Rajya Sabha that some instances of violations have come to the notice of the Institute of Chartered Accountants of India (ICAI) which is examining the same. ICAI is itsel

Posted in Corporate Law | 4671 Views

FM Pranab Mukherjee's opening remarks in Kathmandau today after signing the Double Taxation Avoidance Agreement (DTAA)

28 November 2011 at 12:59

Here are the opening remarks of the Finance Minister: ‘It is an honour and a privilege to be in this beautiful city, the capital of Nepal. It brought back fond memories of my previous visits. It has been a very busy but most useful visit t

Posted in Income Tax | 1 comments | 4107 Views

FDI in Retail Sector to create 10 million jobs: Anand Sharma

28 November 2011 at 12:58

The decision of the Union Cabinet to permit FDI into multi-brand retail in the country will create 10 million new jobs including 6 million in the logistics sector alone, said Shri Anand Sharma, Union Minister for Commerce and Industry. Addressing

Posted in Others | 1 comments | 4107 Views

Sebi plans platform for minority shareholders

28 November 2011 at 10:56

Minority shareholders are allowed to vote through postal ballots, but rarely do so as they may not be able to take a view on the subject In a move to protect the interest of minority shareholders and improve corporate governance in Indian firms,

Posted in Shares & Stock | 1 comments | 12495 Views

PM got past a split cabinet to push retail FDI

26 November 2011 at 12:55

It wasn't just a vocal opposition that was against the Cabinet's decision to allow 51% foreign direct investment (FDI) in multi-brand retail business. The cabinet itself was split down the middle, which had an animated — even heated &m

Posted in Others | 2 comments | 4452 Views

Deregulation of Savings Bank Deposit Interest Rate

26 November 2011 at 10:22

RBI/2011-12/281 UBD.BPD.(PCB)CIR No.13/13.01.000/2011-12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No

Posted in Others | 2 comments | 5124 Views