General Motors Co. (OTC: MTLQQ) stunned European government and labor leaders yesterday (Wednesday) when it backed out of a deal to sell a majority stake in its Opel and Vauxhall brands to car-parts supplier Magna International Inc. (NYSE: MGA).GM ma ..
Warren Buffett believes in the United States’ economic future, and yesterday (Tuesday) he put his money where his mouth is.Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) acquired railroad Burlington Northern Santa Fe Corp. (NYSE: BNI) in a deal v ..
All eyes will be on the RBI today as it releases its monetary policy and also gives an indication of where the interest rates are headed. The decision will be tough for the central bank as while on one hand the economy is limping back to recovery, on ..
In order to gain momentum in the case of Dalit Christians, church groups will organise a rally on Nov. 19, pressing the government to render SC status to converts to Christianity.Organised by the National Council of Dalit Christians, NCCI and CBCI, t ..
Crime is a feature of all societies at all times. Nevertheless, certain trends and patterns appear consistently at different times and places. In general, traditional societies—i.e., rural and agricultural societies that lack significant econom ..
Crime is always fearful. (Roman)Crime often falls back upon its author’s head. (Roman)Crime puts those on an equal footing whom it defiles. (Roman)Crime, when it succeeds, is called virtue. (Roman)Crimes may be secret, yet not secure. (Italian) ..
INPUT SERVICE Rule 2 (1) “Input Service” Input Service means any service(i) used by a provider of taxable service for providing an output service(ii) used by manufacturer, whether directly or indirectly, in ..
‘Public Accountability’ is a facet of administrative efficiency. Publicity of information serves as an instrument for the oversight of citizens. By the same token it suggests that law could become a means for fighting corruption. Theref ..
The Law Commission had suggested in its 166th Report on “The Corrupt Public Servants (Forfeiture of Property) Bill, 1999”, that a law be made for confiscation of property acquired by corruption. It is not merely sufficient to remove a cor ..
Section 143 of the Income Tax Act, 1961 (the Act) was substituted by the Direct Tax Laws (Amendment) Act, 1987 w.e.f 1/4/1989. Prior to 1/4/1989, as per the provisions of sub-section (3) of section 143 of the Act the Assessing Officer after examinati ..
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