CAclubindia News
Sahara firms told to file balance sheets
29 November 2011 at 10:20The 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
Differences widen on CST
29 November 2011 at 10:20Raising 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
CBEC seeks more staff to meet growing workload
29 November 2011 at 10:19The 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
Sebi plans platform for minority shareholders
28 November 2011 at 10:56Minority 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,
FM Pranab Mukherjee's opening remarks in Kathmandau today after signing the Double Taxation Avoidance Agreement (DTAA)
28 November 2011 at 12:59Here 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
FDI in Retail Sector to create 10 million jobs: Anand Sharma
28 November 2011 at 12:58The 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
PM got past a split cabinet to push retail FDI
26 November 2011 at 12:55It 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
Deregulation of Savings Bank Deposit Interest Rate
26 November 2011 at 10:22RBI/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
FDI for multi-brand retailing gets past cabinet
25 November 2011 at 12:01You will soon be able to walk into a mega deep discount store run by global retailers such as Walmart, Tesco and Carrefour in your neighbourhood. Brushing aside political resistance from allies Trinamool Congress and DMK as well as some Congre
RBI gives nod to Air India plan, asks banks to meet on Monday
25 November 2011 at 12:01The Reserve Bank of India (RBI) has approved state-owned Air India Ltd’s financial restructuring plan with conditions and asked a group of creditors led by State Bank of India (SBI) to take the process forward. RBI has written to SBI and o
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