CAclubindia News
Economic growth is headed below 7%
30 November 2011 at 10:09Part 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
RBI approves Air India debt restructuring
29 November 2011 at 10:20Banks 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
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
Violations of Chartered Accountants Act
29 November 2011 at 10:13Union 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
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
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,
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
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