CAclubindia News


Revision in Limits of Housing Loans and Repayment Period

   31 October 2011 at 17:02

RBI/2011-12/238 UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 October 31, 2011 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir / Madam, Revision in Limits of Housing Loans and Repayment Period - Second Quarter Review

Posted in Community & General |   4809 Views


India for IMF role in solving Europe's debt issues

   31 October 2011 at 14:06

India says the International Monetary Fund should play a bigger role in tackling the eurozone's escalating debt troubles. India's Planning Commission deputy chairman Montek Singh Ahluwalia says India has received no specific requests to

Posted in Community & General |   3246 Views


Government Facilitate Paperless Transaction and Reduce Overall Transaction Cost

   28 October 2011 at 17:51

The Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance has developed a fully secured Government e-payment system for direct credit of dues from the Government of India into the account of beneficiaries using digital

Posted in Community & General  3 comments |   7968 Views


Govt clears manufacturing policy, industry cheers

   27 October 2011 at 12:45

The Union Cabinet on Tuesday approved a much-awaited National Manufacturing Policy that sets the ground for India to compete with China on a number of counts by creating its own matching versions of mega industrial cities that would aim to spin 10

Posted in Community & General  1 comments |   4764 Views


RBI to pause if inflation slows

   27 October 2011 at 12:45

The Reserve Bank of India (RBI) raised its key policy rates by 25 basis points (bps) on Tuesday, pressing ahead with its battle against inflation while signalling it will hold from further increases amid concerns about decelerating economic growth

Posted in Community & General |   3525 Views


D Subbarao | We will not cut rates even if inflation drops to 7%

   27 October 2011 at 12:45

Mumbai: Reserve Bank of India (RBI) governor D. Subbarao on Tuesday ruled out a reversal in the Indian central bank’s monetary policy even if inflation drops to 7% by March 2012 and remains at that level for months. After presenting the quar

Posted in Community & General  1 comments |   4470 Views


RBI's Today Monetary Policy Announcement would help in getting us back to a more Comfortable Inflation Situation soon: FM

   25 October 2011 at 16:43

The Union Finance Minister Shri Pranab Mukherjee has said that the todays monetary policy announcement by Reserve Bank of India (RBI) would help in getting us back to a more comfortable inflation situation soon while leaving scope for growth

Posted in Community & General  3 comments |   7719 Views


One per cent Interest Subvention on Housing Loans upto Rs.15 lakh with cost of the house not exceeding Rs.25 lakhs

   25 October 2011 at 16:43

The Union Cabinet today approved the proposal under 1% interest subvention on housing loan scheme liberalising the limit of housing loan upto Rs.15 lakh where cost of the house does not exceeding Rs.25 lakh from the present limit of Rs.10 lakh and R

Posted in Community & General  8 comments |   11076 Views


RBI to hike key rates again; auto, home loans to cost more

   25 October 2011 at 12:44

The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. Wit

Posted in Community & General  3 comments |   4587 Views


The Income Tax Department has released a Notification for PAN application

   24 October 2011 at 16:01

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 17th day of October, 2011 INCOM

Posted in Income Tax  21 comments |   46632 Views



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