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Indian News Update

Centre may amend AS21 to plug gaps in accounting practices

EPS subscribers can’t cash out pension money now

RBI seeks investment data from MFs

ICAI to help CBI, finmin sniff out black money

RBI cuts CRR by another 100 bps to 7.5 per cent

Banks form new firm for Basel II data needs

Govt rules out FDI in general retail

Relief for elderly: income from reverse mortgage to be tax-free

ITAT clears the air over transfer pricing

Now, send up to Rs 5,000 a day via mobile

RBI caps e-payment charges

Dumping probe into linen fabrics from China, HK

No inquiry against NTPC for breaking clause 49 norms: SEBI

Amendment of Section 20 of the Indian Trusts Act, 1882

Amendment to Judges (Inquiry) Act, 1968 and Setting up of National Judicial Council

P-note: FIIs seek clarity from SEBI

ECB policy modified to include mining, exploration, refining sectors

SEBI tells ICAI to suggest accounting rules for IPOs

Income tax grievances to be registered online

SEBI lifts curbs on Participatory Notes

RBI cuts cash reserve ratio

FIIs can invest in IDRs: RBI

SEBI may ease PN curbs to pep up Dalal Street

LLP Bill may be passed by Parliament soon

Govt plans to link tax with inflation rate

BPOs see big money in global accounting norms

Govt moots special zones for drug firms

Director's liability under scrutiny

Forex deals of companies under ministry scanner

More large taxpayers' units likely

Banks to get interest for delayed return of farm debt waiver sums

Ad industry likely to be freed from Press Note 1

CBEC on trail of sugar cos evading excise duty

Court rejects move to tax dividend stripping

RBI to launch XBRL system for reporting

RBI reviews preparedness to deal with global turmoil

RBI, Sebi to relax currency trading norms

Govt may put riders ahead of life cos' move to risk-based system

Govt mulls 100% FDI in single-brand retail

Sops likely for units in backward areas

Ministries scrap over iron ore export duty

Collection of third party information to check tax evasion

Last Date of filing of Income Tax Returns extended in Sikkim

Clarification regarding TDS on salary arrears

New norms for credit rating agencies likely

Govt may allow raw sugar import at nil duty

Date of filing it returns extended in Orissa

FinMin to float paper on I-T code

MCA for speedy notifications on derivatives

SEZ units may not get 100% tax break for now

'SEBI can't advise cos on buyback price'

Panel for linking excise sops for cars to local content

RBI releases format for filing of quarterly statements

Draft norms for full fledged money changers issued

Irda won't tighten norms for risk firms

More professionals to come under TDS

Industries ready to adopt IFRS: ICAI

No tax deduction on bad debt provisioning: Supreme Court

New cos law set to reduce SEBI's exclusive powers

Export sops extended to auto sector

SEBI to extend ASBA facility to rights issue

Sebi puts structured MF products on hold

MNC India units can claim tax rebate on ad spends: Tribunal

Tax dept must accept cos' audited accounts: SC

Sebi may ease foreign venture capital investment norms

Agents of non-residents exempted from e-filing of returns

SEBI may curb announcements in buyback period

RBI nod for FCEB scheme

RBI seeks more details on NBFCs

RBI allows parent firms to issue exchangeable bonds

Last date of filing of Income Tax Returns extended in J&K

Relaxation from compulsory filing of E-return of income for ay 2008-09 for representative assessee of non-residents

Watch out, India Inc may go for 'creative accounting'

Services of hire purchase

Have enough funds on auction settlement days, banks, PDs told

SEZs tense over stamp duty exemption

ECB Policy Further Liberalised

Sugar mills' incentive subsidy is capital receipts: SC

SC ruling sought on I-T relief for spouse's foreign trip

Govt to soon relax external commercial borrowing norms

RBI keeps close watch on use of LAF funds

Sunset review of dumping duty on nylon tyre cord fabric begins

Duty neutralisation for SEZ developers

Cell banking only for card holders: RBI

RBI cuts SLR to increase liquidity

Third-party data to check duty evasion

Govt refers mobile operators' ECB demand to RBI

RBI sets limits for single, daily transactions thru mobile phones

Cos may change pay structure under new a/cing norms

No addition allowed under MAT

India sees an increase in trademark, patent applications: DIPP

I-T return filing date extended

Govt allows India editions of foreign magazines with 26% FDI

Finmin seeks clarity on stamp duty waiver to SEZs

Bypass FIPB, face tough action

Curbs on ECB, PN likely to be relaxed

33% independent directors for unlisted cos

Promoters find warrants too expensive to convert

ECB norms may be eased

SEZ firms have to pay tax on domestic services

Dumping probe on colour picture tubes imports from Indonesia

'Proposed IFRS will lure large number of students to CA'

CTT yet to be notified six months after announcement

SEBI plans to let stock exchanges handle clearing, settlement of bonds

'Indian companies not prepared for IFRS'

No legal hitch in commodities transaction tax, says Income Tax officials

Tax exemption for foreign cos with no base in India

RBI for ending tax sops for special deposit schemes

File FIRs on fake notes: Govt

Payment to overseas bio-research cos not taxable in India: AAR

New law for removing time limit on dividend claim

SEBI may extend ASBA facility to rights

Centre may extend sops to garment, textile exporters

Registration must for real estate agents

Ban on commodities futures may go: FMC

'Power companies cannot 'arbitrarily' disconnect'

Importers of restricted items need to specify port upfront

MCA no to Irda representative on accounting panel

Sugar export subsidy to cease

Surprise checks on drug trials soon

Govt to hike iron ore export duty

Smuggler can claim I-T exemption on confiscated gold: HC

Insurance companies say no to bundling with MFs

Taxpayers must disclose income derived from foreign source

ICSI eyes Dubai centre by year-end

Govt against merger of Indian firms with companies abroad

Database to check excise duty evasion

IRDA may get to cap agents' commission

Companies may have to hike public stake

RBI to cap cheque collection charges

Govt relaxes norms for FM radio cos to restructure biz

SEBI mulling e-trading in rights issue entitlements

RBI may cap charges on e-payment services

'Regulators are as much a nuisance as journalists'

Corporate bonds may take book-building route

Irda wary of sub-agents

Cabinet panel to assess impact of iron ore export tax

Ministry of Corporate Affairs Launches New Website about Company Liquidators

Co disputes may soon be settled out of court

Insurers going abroad may need IRDA visa

Excise board looks at third party info system to track tax evaders

Sebi gives margin reprieve to traders

SEBI may raise time limit for stock lending

RBI to go slow on foreign banks

SEBI examining possibility of rights issue offering through demat a/c

Govt to notify safeguard duty norms for FTA countries

EU keen to work with domestic cos on emission norms

Tech-equity swap with foreign partners likely

ITAT provides tax relief for defence, oil imports

Tailor-made insurance will have to wait

Sebi to soon incorporate XBRL technology

RBI may soften policy stance in the mid-term review: Bankers

Now, third-party cash deposits set to pinch

SEBI set to put rights issues on fast track

EPFO defers transfer of funds to new managers

Finmin firm on taxing SEZ units

BSE membership can't be willed: HC

RBI may agree on release of inflation data on monthly basis

Single role for SEBI, RBI

New PF mgmt system may get delayed

RBI panel to look into predatory lending

Foreign cos can claim tax deduction for forex losses: SC

Payments to foreign cos by BPOs taxable: ITAT

Cap on technology transfer fee, royalty to be scrapped

Sebi seeks investment cap hike in bourses

Price stability, reforms top new RBI governor's agenda

TDS for shipping cos: Final hearing put off till November

SEZ rule changes soon

Merchant banker opinion on valuation must in mergers: Sebi

RBI may go slow on entry of foreign banks

Banks should brace up for higher currency risks

Maintaining CAR of 12% will be tough

Majority govt holding may hinder growth of PSBs, says RBI report

ICAI Organising National Conference on IFRS

M&A: SEBI for independent opinion on fair value

Finmin divided over tax on pay arrears

JVs with FDI need to seek FIPB nod for arm pump-ins

Govt finances likely to come under pressure: RBI

Foreign cos must report exempted income to I-T

Centre okays hiring private specialists for govt service

Haryana passes Bill to regulate property dealers' functioning

Truckers face compulsory registration

Shipping cos not hiring trainees face Rs 20-lakh fine

Uniform norms for valuation of assets on cards

GoM for 49% insurance FDI

Sebi mulls FII role in currency futures

SEZ units may be heading for MAT finish

Excise relief for branded SSI packing materials

Govt to levy tax on salary arrears

Duty exemption on relief goods

Small units may have it easy with new cos Act

Exchange traded interest rate futures likely by Dec

Excise rebate allowed for pan masala, gutkha exports

Press Note - Full Duty Exemption for Bihar Flood Relief Material

GoM clears Insurance Amendment Bill

No excise duty for SSIs making big brands

Reimburse service tax, banks tell RBI

Irda bats for more regulatory flexibility

India names new central bank chief

Amendment in Excise Duty Exemption for SSI Units Notified

Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified

APMCs liable to pay income tax: SC

Ratio of service tax to GDP has to go up: CBEC chairman

Cash cards come under mandatory reporting of high-value transactions

     

 

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