Interactive Session on XBRL on 30th June 2011 – ICSI
Interactive Session on XBRL - Extensible Business Reporting Language 30 June 2011:India Habitat Centre, New Delhi Ministry of Corporate Affairs has mandated all listed Companies and certain unlisted Companies to file their Balance Sheet and Profit & Loss account (financial statements) for the year ended 31 March 2011 onwards using XBRL format. With the mandatory use of XBRL, the Industry needs… Read More
GOI announces auction for Sale (Re-Issue) of Government Stocks
Government of India have announced the sale (re-issue) of (i) 7.59 percent Government Stock 2016 for a notified amount of Rs.3,000 crore (nominal), (ii) 8.08 percent Government Stock 2022 for a notified amount of Rs.6,000 crore (nominal) and (iii) 8.28 percent Government Stock 2032 for a notified amount of Rs.3,000 crore (nominal) through price based… Read More
ICANN will accept new applications from Q1 2012
The Internet Corporation for Assigned Names and Numbers (ICANN) said it will start accepting applications for new domain names from January 12 to April 12 next year, a move that will give organisations more options for branding themselves. ICANN said internet domain names can consist of any word or words, in any language and any… Read More
Rolls Royce gets exemption of income tax on fees for technical services
SECTION 10(6C) OF THE INCOME-TAX ACT, 1961 - FEES FOR TECHNICAL SERVICES TO FOREIGN COMPANIES - NOTIFIED FOREIGN COMPANY - ROLLS ROYCE DEFENSE SERVICES INC. NOTIFICATION NO. 34/2011 [F. NO. 200/71/2006-ITA.I(PT.)] In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby… Read More
Accrual Based Financial Reporting in Government” is today’s requirement – FM
CLR Note: Finance Minister Pranab Mukherjee today inaugurated the National Conference of the State Finance Ministers on Accrual Based Financial Reporting in Government". This has been recommended to improve the transparency and fixing the accountability of departments for managing state-owned assets. He said, that "Based on the knowledge gained through pilot studies and the experience of some… Read More
New Executive Directors appointed at RBI
Press Release : 2010-2011/1830 Shri P. Vijaya Bhaskar assumed charge as Executive Director of the Reserve Bank of India on June 13, 2011. As Executive Director, Shri Bhaskar will look after Central Security Cell, Department of Banking Supervision and Department of Non-Banking Supervision. Prior to his appointment as Executive Director, Shri Bhaskar was the Regional… Read More
Exim Bank’s Line of Credit to the Government of the Federal Democratic Republic of Ethiopia
RBI/2010-11/568 A.P. (DIR Series) Circular No. 72 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 91 million to the Government of the Federal Democratic Republic of Ethiopia Export-Import Bank of India (Exim Bank) has concluded an Agreement dated February 18, 2011 with the Government of… Read More
LAF Repo/Reverse Repo/Marginal Standing Facility Rates
RBI/2010-11/569 FMD.MOAG. No.60/01.01.01/2010-11 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced in the Mid-Quarter Monetary Policy Review: June 2011, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from… Read More
SEBI circular on change of name by Listed Companies
CIR/MRD/DP/ 07 /2011 To, All Stock Exchanges Dear Sir/Madam, Sub: Change of Name by Listed Companies 1. Please refer to SEBI Circulars No. SMDRP/Policy/Cir-8/99 dated April 26,1999 and No. SEBI/MRD/Policy/AT/Cir-20/2004 dated April 30, 2004 on thecaptioned subject matter. 2. The aforementioned SEBI circular dated April 30, 2004 required all listed companies seeking change of name… Read More
Modification to Investor Protection Fund (IPF)/ Customer Protection Fund (CPF) Guidelines
CIR/MRD/DP/ 06 /2011 To, All Stock Exchanges Dear Sir / Madam Sub: Modification to Investor Protection Fund (IPF)/ Customer ProtectionFund (CPF) Guidelines 1. SEBI vide circular no MRD/DoP/SE/Cir-38/2004 dated October 28, 2004had issued comprehensive guidelines for regulation of Investor ProtectionFund (IPF)/ Customer Protection Fund (CPF) required to be maintained byStock Exchanges. Further vide circular No.… Read More
Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs)activity
CIR/IMD/FII&C/7/2011 To All Foreign Institutional Investors (FIIs)through their designated Custodians of Securities (Custodians) Dear Sir/Madam, Sub: Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs)activity 1. Please refer to SEBI Circular No. CIR/IMD/FIIC/1/2011 dated January 17, 2011 andSEBI Circular No. CIR/IMD/FIIC/6/2011 dated May 12, 2011 on the captioned subjectwherein the implementation date of the new reporting format… Read More
IMF MD’s post continues to remain vacant
Finance Minister Pranab Mukherjee today said the government has not yet arrived at a decision regarding its choice for the next Managing Director of the International Monetary Fund. He also said that India is in touch with other member countries of the multilateral body in this matter. "There are two candidates left (in race for… Read More
Oracle seeking damages in billions from Google pertaining to Java Patent lawsuit
Oracle America, Inc v. Google Inc, 10-3561. Brief summary: The dispute which surfaced between the Google Inc and Oracle centres on the Java programming language, on infringement of Android mobile operating technology which was owned by Oracle after the acquisition of same from Sun Microsystems in 2010 has seen a new turn when Judge William Alsup… Read More
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