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Implementation likely to be deferred again Business Standard India has already deferred plans to implement a new set of accounting rules compatible with International Financial Reporting Standards (IFRS). This may take even longer than expected. Reasons: Lack of clarity on the new implementation schedule being ... |
Indian mobile market shows 14.1% growth in 2011 EE Times India ABI Research finds an annual growth rate of 14.1 per cent for the Indian mobile handset market, achieving a total volume of 18.2 crore handsets in 2011. The Indian handset market is estimated to grow at a CAGR of 10.7 per cent during the period of ... |
Hindu Business Line | Rafale win leaves UK smarting Hindu Business Line And globally the Indian arms market matters more than any: between 2006 and 2010, it was the largest arms importer in the world, accounting for an impressive 9 per cent of international arms transfer volumes, according to SIPRI data. |
Cost accountant students meeting Hindu Business Line The Cochin Chapter of the Institute of Cost and Works Accountants (ICWAI) of India is holding an all-India Regional CMA (coast and management accounting) students' fest, called 'Pragathi,' on February 18 and 19. 'Pragathi' is the flagship programme of ... |
Amend rules to protect Stamp Duty revenues: CAG Hindu Business Line ... and general power of attorney in property transactions have to be brought under the ambit of conveyance – sale – for the Tamil Nadu Government to protect its Stamp Duty revenue, says a report of the Comptroller and Auditor General of India. |
Accountants, company secretaries may soon work under one roof Livemint The presidents of the Institute of Chartered Accountants of India (Icai), the Institute of Company Secretaries of India (Icsi) and the Institute of Cost and Works Accountants of India (Icwai) independently confirmed that the coordination committee of ... |
![]() Moneycontrol.com | Bad loans rise at a faster clip Livemint Bad assets of India's banks are expanding at a fast pace at a time growth in Asia's third largest economy is slowing. The gross non-performing assets (NPAs) of 34 listed banks that have announced December quarter earnings escalated to `76644 crore, ... economy can grow by 7.5% in the coming fiscal Home loan loses elbow room |
![]() Zee News | World won't wait for India Zee News A vibrant democracy like India's will always have some internal stomach aches which can draw greater attention than the situation in the world outside. A nation like India, poised to emerge as a major economic, political and military power of the 21st ... 'India important for US to limit China influence' |
'We could easily treble our capacity if the right opportunity was available ... Business Standard Edited excerpts: How do you assess the company's journey in India? The parent company has overall market capitalisation of $20 billion and is among the largest of Asia-Pacific power companies. We have been in India for 12 years and are the largest ... |
Crisis is blessing in disguise for small industries: Expert Times of India VARANASI: Does India need another economic reform to counter threats of global economic meltdown? If experts are to be believed, the country, though minimally affected by the global economic recession, needs fresh bout of economic reforms to counter ... |
![]() Zee News | Service tax net may widen Business Standard Services constitute more than 60 per cent of India's GDP, but are projected to contribute just 8.7 per cent of the Centre's gross tax revenue in the Budget estimates for 2011-12. That is because service tax is a relatively new area in India. Budget 2012 may bring more services in tax net; have a negative list |
Tax-friendly infra bond limit may rise to Rs 100000 Hindustan Times At present, individuals can claim tax exemption up to Rs 20000 for investing in long-term bonds of infrastructure companies such as National Highways Authority of India. These are over and above the deductions that individuals can claim under Section ... |
'Make available' in technical services Business Standard CIT [275 ITR 15] the Kolkata Tribunal considered meaning of 'made available' in the context of 'fees for technical services' as appearing in DTAA between India & UK. The provisions of Indo-UK tax treaty are in pari-materia with the definition of the ... |
![]() Indian Express | Focus on rationalising sales tax on ATF: CII Economic Times According to the industry lobby, the new policy should include a waiver of state sales tax on jet fuel which accounts from anywhere between three and 33 percent. Addition of state sales tax increases the overall cost of jet fuel in India by 50 percent ... Allow foreign airlines to invest 49% in domestic carriers: CII |
Government may lower STT in Budget to boost markets Economic Times Although the issue of imposing taxes on financial transactions has been raised in several international fora, India is not in favour of the idea. It has been argued that the Reserve Bank appropriates banking funds through the Cash Reserve Ratio (CRR), ... |
NTPC unable to place a single order since 2009 Livemint The utility floated a tender early last year for this but the project has been stuck after one of the bidders, Ansaldo Caldaie Boilers India, was disqualified on technical grounds. Ansaldo approached the Delhi high court, which directed NTPC not to ... |
NTPC unable to place a single order since 2009 Livemint Judgement in the case, under trial since March 2011, has been reserved by the apex court. “Bulk tendering was initiated by government of India to encourage domestic equipment manufacturing and the entire process was started in the year 2008. |
![]() Deccan Herald | Release of convicts no child's play Deccan Herald The HC bench, in its order, had also referred to the Supreme Court judgment in the Maru Ram Vs Union of India (1981) case, where it had referred to Article 72 (executive power to pardon by President) and Article 161 (executive power to pardon by ... |
The adharma of corruption Daily Pioneer The Supreme Court's judgement has granted the citizens the right to a corruption free India. Under the current system, the fight against corruption is the legal responsibility of the Government, which one cannot say has been performed satisfactorily. |
![]() The Hindu | Court summons complainant in Salman Rushdie's book reading case Daily News & Analysis Place: Jaipur | Agency: PTI A local court has summoned on Monday the person who had filed a complaint against four authors for reading excerpts from Salman Rushdie's banned book Satanic Verses at Jaipur Literature Festival. UPA's Shah Bano moment |
![]() The Hindu | Norms and procedures flouted in Antrix-Devas deal The Hindu Last year, the government first asked a high-power committee to review the technical, commercial, procedural and financial aspects of the January, 2005 agreement between Antrix Corporation, the marketing wing of the Indian Space Research Organisation ... 'Concerns of cheap selling of spectrum to Devas have no basis' Sinha panel wants close scrutiny of Devas investor pattern, Mauritius link No cheap selling of spectrum in Antrix-Devas deal: Review Committee |
![]() Moneycontrol.com | Let's not recast loans to hide NPAs Livemint The chief executive officer of a foreign bank, reacting to last week's Banker's Trust column on rising bad assets in Indian banking, has said things can get worse and at least six large banks will find themselves in a tight spot. Banks should ensure person offering guarantee is a close relative of borrower Banks play safe, favour large firms to SMEs RBI pulls up banks for laxity in SME finance |
Banks ask borrowers to cover their personal loans, overdraft facilities Business Standard According to Reserve Bank of India data, outstanding personal loans, without housing, consumer durables, credit cards, etc, stood at Rs 12817 crore at the end of December. Insurance industry players say at present, almost 30 per cent of personal loan ... |
Banks ask borrowers to cover their personal loans, overdraft facilities Business Standard Both public and private sector banks are aggressively pushing these products to retail customers,” said a senior State Bank of India (SBI) official. According to Reserve Bank of India data, outstanding personal loans, without housing, consumer durables ... |
![]() Zee News | Service tax net may widen Business Standard A key official says the way has been cleared to bring this proposal in the Budget, as the finance ministry has agreed to take states' concerns on board. Services constitute more than 60 per cent of India's GDP, but are projected to contribute just 8.7 ... Budget 2012 may bring more services in tax net; have a negative list |