Community & General News
CCI order against IJMA & GTA for contravening competition law
04 November 2014 at 10:34CCI Order Against Indian Jute Mills Association (IJMA) and Gunny Trade Association (GTA) for Contravening Competition Law The Competition Commission of India(CCI) has imposed a penalty of Rs. 7.68 Lakhs and Rs. 35.16 Thousands(@5% of the average of
Jurisdiction of DRP for cases and class of cases amended by CBDT
03 November 2014 at 11:22Central Board of Direct TaxesFT &TR-II DivisionF. No. 500/12/2013-SO/FT&TR-2(1)ORDER NO. 12/FT&TR/2014 In partial modification to Order No. 7/FT&TR/2013 dated 14th November, 2013 and in exercise of t
Major Focus of the Government is to Bring Back the Growth Momentum: Finance Minister
01 November 2014 at 11:15The Union Finance Minister Shri Arun Jaitley said that the major priority of his Government is to bring back growth momentum into country’s economy. He said that higher growth leads to more revenue collections, better employment opportunities a
ICAI - President's Message - November 2014
01 November 2014 at 10:15The recently launched Clean India Mission by our Government not only aims at correcting the country's reputation for poor public hygiene and rudimentary sanitation but also promises a positive economic impact.
CBDT notifies jurisdictions of Principal CITs and CITs
29 October 2014 at 10:55CBDT notifies jurisdictions of Principal CITs and CITs Detailed information has been attached herewith
FCRA regd association to incur exp above Rs 20000 in cheque
28 October 2014 at 11:37FCRA Department has issued a circular to incur expenditure above ` 20,000/- by cheque or draft. A copy of the circular has been enclosed herewith. The circular advises FC registered organisations to incur expenditure above ` 20,000/- by cheque or dra
Merger of NSEL with Financial technologies
22 October 2014 at 10:46The Central Government has decided on the merger of National Spot Exchange Limited with its holding company Financial Technologies (India) Ltd., in public interest under Section 396 of the Companies Act, 1956. A draft order in this behalf has been is
Streamlining the Procedure for Grant of Industrial Licenses
21 October 2014 at 11:23Government of IndiaMinistry of Commerce & Industry Streamlining the Procedure for Grant of Industrial Licenses 1. Increasing the validity period of Industrial License As a measure of ease of doing business, henceforth two extensions of two yea
Bankruptcy Reforms Committee
21 October 2014 at 11:22Government of IndiaMinistry of Finance The Hon'ble Finance Minster in his Budget Speech of 2014-15 announced that an Entrepreneur friendly legal bankruptcy framework would be developed for SMEs to enable easy exit. Pursuant to the above announc
Collection of black money stashed abroad
20 October 2014 at 11:47Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPress Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of IndiaUnion of India has filed I.A. N
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