CAclubindia News


Govt moves closer to setting up China-style mega industry hubs

   17 October 2011 at 16:26

India is set to create its own versions of China-style mega industrial cities peppered across the country equipped with production units, public utilities, residential areas, schools and hospitals. A group of ministers (GoM) headed by agriculture

Posted in Others |   3393 Views


Firms get govt breather on forex earnings

   17 October 2011 at 16:08

The ministry of corporate affairs has given Indian firms another year to spread their liabilities on account of foreign exchange borrowings accruing from fluctuations in foreign exchange The ministry of corporate affairs, or MCA, has given Indian

Posted in Others  1 comments |   3204 Views


Finance ministry to begin discussions on budget on Tuesday

   17 October 2011 at 16:08

Indias finance ministry will start discussions on the budget for the year beginning 1 April on Tuesday, as a weak domestic and external economic environment threatens to crimp revenue and demands for increasing spending on socio-economic de

Posted in Others |   2214 Views


CBDT has released Circular on Tax deduction at source on the deposits in banks

   17 October 2011 at 11:36

Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonotary and Senior Master attached to the Supreme Court/ High Court etc during the pendency of litigation of claim/compensation-reg.

Posted in Income Tax |   9660 Views


SC tells retailers to pay 50% of outstanding service tax

   17 October 2011 at 10:52

The top court will take a decision on the remaining 50% after a final hearing on the matter The Supreme Court on Friday ruled that service tax on commercial rentals for retailers would be applicable with retrospective effect from April 2007, and

Posted in Service Tax  3 comments |   8730 Views


PM to hold meet over high inflation today

   15 October 2011 at 12:26

Prime Minister Manmohan Singh has called a meeting on Saturday to discuss policy options with regard to slowing economic growth and high inflation. "The meeting (with PM) is on the current economic situation. We will have a discussion on gro

Posted in Others |   2637 Views


Rate hike looms as Sept inflation stays high at 9.72%

   15 October 2011 at 12:26

Indias inflation rate continued to remain close to worrisome double-digit levels bolstering speculation that the Reserve Bank of India (RBI), despite a slowing economy, may increase interest rates yet again to cool prices when it presents t

Posted in Others |   2586 Views


MCA XBRL Validation Tool has been released

   15 October 2011 at 12:21

Updated version of MCA XBRL validation tool (Version 1.1) has been released on 14th October 2011.The list of enhancements to the validation tool has also been provided.

Posted in Corporate Law |   4620 Views


MCA advises to file ROC return before Diwali

   15 October 2011 at 12:21

Ministry of Corporate Affairs desires that the members of the institute may file Company's Balance Sheet and Annual Return at the earliest preferably before festival time of Diwali to avoid last minute rush and system congestion in MCA21

Posted in Others  1 comments |   3561 Views


IMF revises down India's GDP forecast to 7.5% for '12

   14 October 2011 at 11:53

The Indian economy would grow by 7.8% in 2011 and by an even slower 7.5% next year, the International Monetary Fund (IMF) said on Thursday, citing less-than-anticipated recovery in advanced economies and the uncertain global outlook. "In Indi

Posted in Others  1 comments |   4179 Views



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