CAclubindia News


Economic growth is headed below 7%

 30 November 2011 at 10:09

Part of the slowdown is the unavoidable result of a weak global economy but part of it is self-inflicted The economic growth numbers to be released on Wednesday are likely to provide further evidence that the Indian economy is slowing down. Goin

Posted in Community & General |   2259 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 |   4731 Views


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 Community & General |   4035 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 |   6285 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 |   38733 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 Community & General |   3573 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 Investments & Personal Finance |   1 comments |   12624 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 |   4176 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 Community & General |   1 comments |   4146 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 Community & General |   2 comments |   4476 Views



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