CAclubindia News

Government Facilitate Paperless Transaction and Reduce Overall Transaction Cost

28 October 2011 at 17:51

The Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance has developed a fully secured Government e-payment system for direct credit of dues from the Government of India into the account of beneficiaries using digital

Posted in Community & General | 3 comments | 8016 Views

RBI to pause if inflation slows

27 October 2011 at 12:45

The Reserve Bank of India (RBI) raised its key policy rates by 25 basis points (bps) on Tuesday, pressing ahead with its battle against inflation while signalling it will hold from further increases amid concerns about decelerating economic growth

Posted in Community & General | 3531 Views

D Subbarao | We will not cut rates even if inflation drops to 7%

27 October 2011 at 12:45

Mumbai: Reserve Bank of India (RBI) governor D. Subbarao on Tuesday ruled out a reversal in the Indian central bank’s monetary policy even if inflation drops to 7% by March 2012 and remains at that level for months. After presenting the quar

Posted in Community & General | 1 comments | 4482 Views

Govt clears manufacturing policy, industry cheers

27 October 2011 at 12:45

The Union Cabinet on Tuesday approved a much-awaited National Manufacturing Policy that sets the ground for India to compete with China on a number of counts by creating its own matching versions of mega industrial cities that would aim to spin 10

Posted in Community & General | 1 comments | 4818 Views

RBI's Today Monetary Policy Announcement would help in getting us back to a more Comfortable Inflation Situation soon: FM

25 October 2011 at 16:43

The Union Finance Minister Shri Pranab Mukherjee has said that the todays monetary policy announcement by Reserve Bank of India (RBI) would help in getting us back to a more comfortable inflation situation soon while leaving scope for growth

Posted in Community & General | 3 comments | 7734 Views

One per cent Interest Subvention on Housing Loans upto Rs.15 lakh with cost of the house not exceeding Rs.25 lakhs

25 October 2011 at 16:43

The Union Cabinet today approved the proposal under 1% interest subvention on housing loan scheme liberalising the limit of housing loan upto Rs.15 lakh where cost of the house does not exceeding Rs.25 lakh from the present limit of Rs.10 lakh and R

Posted in Community & General | 8 comments | 11088 Views

RBI to hike key rates again; auto, home loans to cost more

25 October 2011 at 12:44

The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. Wit

Posted in Community & General | 3 comments | 4605 Views

The Income Tax Department has released a Notification for PAN application

24 October 2011 at 16:01

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 17th day of October, 2011 INCOM

Posted in Income Tax | 21 comments | 46674 Views

Business confidence on the decline: CII

24 October 2011 at 10:29

Uncertainty surrounding the global economy, rising cost of inputs and high interest rates have led to a decline in business confidence during the current quarter, especially among smaller firms, according to a survey by the Confederation of Indian

Posted in Community & General | 4971 Views

Your loans to get costlier; RBI set to hike rates

24 October 2011 at 10:29

The Reserve Bank of India is expected to raise interest rates in its mid-year monetary policy review on Tuesday — the 13th time in 19 months —to cool inflation that has remained stubbornly high during the past few months. For consume

Posted in Community & General | 2 comments | 5550 Views