Audit firms in India are facing the threat of losing their business with around 200 Indian companies listed in various European bourses due to the new transparency requirements for auditors in the European Union (EU). The strict norms governing adver ..
Quarterly cost audit by internal auditors in the listed companies should be explored in consultation with the market regulator SEBI to improve corporate governance, an expert group appointed by Corporate Affairs Ministry has suggested. "The pos ..
The Central Board of Excise and Customs (CBEC) in the Ministry of Finance, has launched automation of Central Excise and Service Tax (ACES) in Hyderabad Zone recently. It is part of the national roll-out of the automation of ACES. It is a Mission Mod ..
The Reserve Bank of India (RBI) has sought exemption for bank mergers and acquisition (M&As) from the Competition Act of 2002. In a note sent to the Ministry of Finance, the RBI has stated that the exemption should be granted following the urgenc ..
Shedding earlier reservations over some aspects of the controversial new FDI guidelines, the Finance Ministry now says it does not have any objection to new rules that changed the criteria for calculation of foreign ownership in a company and its dow ..
The government announced a panel of experts to review the Motor Vehicles Act, 1988, and give a report in three months, suggesting changes to effectively meet requirements of the road transport sector in the current scenario.The ten-member committee ..
India’s External Debt: A Status Report, 2008-09Department of Economic Affairs, Ministry of Finance has been publishing ‘India’s External Debt: A Status Report’ on a regular basis since 1993. The current volume of the Report, ..
NO PRIOR SANCTION NEEDED FOR PROSECUTING ABETTOR: SCHolding that no prior sanction was required to proceed against an accused abetting another officer to accept bribe, the Supreme Court has allowed the CBI to prosecute a top Customs and Central Excis ..
Transfer of Allahabad High Court JudgeIn exercise of the powers conferred by clause (1) of Article 222 of the Constitution of India, the President, after consultation with the Chief Justice of India, is pleased to transfer Shri Justice Tarun Agarwala ..
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