CAclubindia News

SC tells retailers to pay 50% of outstanding service tax

17 October 2011 at 10:52

The 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

Posted in Service Tax | 3 comments | 8730 Views

PM to hold meet over high inflation today

15 October 2011 at 12:26

Prime 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

Posted in Others | 2637 Views

Rate hike looms as Sept inflation stays high at 9.72%

15 October 2011 at 12:26

Indias 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

Posted in Others | 2586 Views

MCA XBRL Validation Tool has been released

15 October 2011 at 12:21

Updated 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.

Posted in Corporate Law | 4620 Views

MCA advises to file ROC return before Diwali

15 October 2011 at 12:21

Ministry 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

Posted in Others | 1 comments | 3561 Views

IMF revises down India's GDP forecast to 7.5% for '12

14 October 2011 at 11:53

The 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

Posted in Others | 1 comments | 4179 Views

Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved

13 October 2011 at 15:25

The 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

Posted in Others | 2 comments | 5865 Views

IIP, inflation to decide RBI move

13 October 2011 at 15:21

Two 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

Posted in Others | 2829 Views

RBI turns heat on banks to check bad loans

13 October 2011 at 15:21

Following 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

Posted in Others | 1 comments | 3483 Views

Industrial growth slows to 4.1% in August

13 October 2011 at 15:21

Pressure 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

Posted in Others | 2148 Views