CAclubindia News
SC tells retailers to pay 50% of outstanding service tax
17 October 2011 at 10:52The 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
PM to hold meet over high inflation today
15 October 2011 at 12:26Prime 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
Rate hike looms as Sept inflation stays high at 9.72%
15 October 2011 at 12:26Indias 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
MCA XBRL Validation Tool has been released
15 October 2011 at 12:21Updated 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.
MCA advises to file ROC return before Diwali
15 October 2011 at 12:21Ministry 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
IMF revises down India's GDP forecast to 7.5% for '12
14 October 2011 at 11:53The 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
Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved
13 October 2011 at 15:25The Union Cabinet today approved introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 in the next session of Parliament. The proposed amendments would enable banks to improve their operational eff
IIP, inflation to decide RBI move
13 October 2011 at 15:21Two sets of data to be released this week - industrial output growth for August and consolidated monthly inflation for September - would largely determine the Reserve Bank of India's (RBI's) next move on interest rate hikes. Policy makers
RBI turns heat on banks to check bad loans
13 October 2011 at 15:21Following the recent downgrade of the country’s largest lender State Bank of India by credit rating agency Moody’s Investor Services, the Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit ap
Industrial growth slows to 4.1% in August
13 October 2011 at 15:21Pressure built up on RBI over interest rates on Wednesday as India’s industrial output grew by 4.1% year-on-year in August. Factory output had grown by 3.8% in July and 4.5% in the year-ago period, with rising input costs and costlier loans
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