Guidelines on Credit Default Swaps (CDS) for Corporate Bonds
RBI/2010-11/542; No. 5053 /14.03.04/2010-11; May 23, 2011 All Market Participants Guidelines on Credit Default Swaps (CDS) for Corporate Bonds As indicated in paragraph 113 of the Second Quarter Review of Monetary Policy for year 2009-10, an Internal Group was constituted by the Reserve Bank to finalise the operational framework for the introduction of plain vanilla OTC single-name CDS… Read More
Income tax refunds takes a slow pace
Amid fears of slowdown in tax collection in the current fiscal, the Finance Ministry today indicated that it may go slow on disbursement of pending income tax refunds. The indication was given by Revenue Secretary Sunil Mitra at the annual conference of chief commissioners and directors general of income tax here. "The Board's (CBDT) proposal… Read More
FM Inaugurates the 27th Annual Conference of Chief Commissioners and Directors General of Income Tax
 The Union Finance Minister Shri Mukherjee said that for the Financial Year 2011-12, the Income-tax Department has been given a tax collections target of about Rs.5.33 lakh crores, which is at 20 per cent growth over the actual collections of the preceding year i.e. 2010-11. He said that the 13th Finance Commission (2010-15) has… Read More
Government Permits FDI in LLP Firms
The Government of India has reviewed the extant policy on FDI and decided to permit FDI in LLP firms, subject to specified conditions. Accordingly, the following changes are made in ˜Circular 1 of 2011-Consolidated FDI Policy™, which became effective from April 1, 2011: (A) Insertion of a new paragraph (2.1.41): A new paragraph (2.1.41) is… Read More
9TH ALL INDIA MOOT COURT COMPETITION 2011
Organized by Western India Regional Council of ICSI And Hosted by Pune Chapter of WIRC of ICSI Dates for the Competition a. Regional Level Saturday, June 18, 2011 at the office of respective Regional Council b. National Level - Saturday, July 2, 2011 at Pune at Regional Students™ Conference of WIRC of ICSI Rules for… Read More
National Conference on Value creation through M & A
National Conference on Value Creation through Mergers & Acquisitions will be held on June 03, 2011 in Hotel Hindustan International, AJC Bose Road, Kolkata. The registeration and networking tea will start from 9.45 am onwards continued by the welcoming speech by Shri Pavan Kumar Vijay, Chairman, M&A Council of ASSOCHAM & M.D., Corporate Professionals Capital Pvt. Ltd.… Read More
Sharma to take up Extension of DEPB scheme with FM
Making out a case for extension of the popular incentive scheme - DEPB - for Indian exporters, Commerce Minister Anand Sharma today said he will take up the issue with Finance Minister Pranab Mukherjee on his return to New Delhi. "I am one who is not subscribing to this view that our exports have reached… Read More
MCA 21 site relaunched with a New Look
The Minsitry of Corporate Affairs (MCA) site http://mca.gov.in/MCA21/ has been relaunched today with a new look and feel which is much more cleaner & colorful. The Minstry has been keeping vibrant these days with the Green initiatives and this seems to be a feather in the cap. Good Job MCA. … Read More
Lifting of ban on Wheat and Rice after the proposed National Food Security Act
Agriculture Minister Sharad Pawar today said the government will take a final view on lifting the export ban on wheat and non-basmati rice after assessing foodgrains requirement under the proposed National Food Security Act. Last month, Pawar had said that the government should give a serious thought on allowing export of wheat and non-basmati rice,… Read More
Assocham calls for Lifting of ban on raw cotton exports
Industry body Assocham today called for lifting of the ban on raw cotton exports following a 40 per cent decline in cotton prices during the past one-and-a-half month, to protect farmers interests across the country. "The government must allow cotton exports immediately or those holding stocks will have to bear heavy losses. Traders will not… Read More
2G case : 5 Corporate honchos in Jail
Five corporate honchos, including Unitech Group MD Sanjay Chandra and Group MD of Reliance ADAG Gautam Doshi, will remain in jail in the 2G case with the Delhi High Court today dismissing their bail pleas, saying "the gravity of offence itself is sufficient to deny bail". Besides Chandra and Doshi, Justice Ajit Bharihoke also rejected… Read More
Security Feature to be added in Currency Notes
The government today said it is working towards introducing security features in currency notes across all denominations to check the menace of counterfeiting. "Counterfeiting of our currency is a matter of great concern for the government... to check this menace of fake currency, an exercise for introduction of security features in all denominations of Indian… Read More
ICSI Announces Campus Placement for Fresher Members & Students on 25th May,2011
The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Wednesday, the 25th May, 2011 at Gurgaon Chapter , 1st Floor, Deenbandhu Sir Chhoturam Bhavan, Sector -32, Gurgaon -122002 The following process will be followed: 1. Name of the participating companies will be announced at… Read More
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