BANGALORE: The Special Court hearing the multi-crore stamp paper racket cases on Wednesday ordered Abdul Kareem Telgi to undergo rigorous imprisonment for 10 years and pay a fine of Rs. 2 lakh. The remaining 19 persons have been ordered to undergo r ..
The Haryana government has increased the rate of Value Added Tax (VAT) on 101 goods from four per cent to five per cent with immediate effect. An official spokesman said the VAT on all goods from serial number 1 to 101 of Schedule C of the Haryana ..
The long-awaited reform of India’s indirect taxes system is set to get a fillip , with a broad consensus forming within the finance ministry on a rate of 16% for the proposed Goods and Services Tax (GST) for both Centre and states combined. To ..
RBI has increased cash reserve ratio by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo ..
It is official. The much-anticipated Goods and Services Tax (GST), which will replace most of the indirect taxes levied by the Centre and states, will not be introduced from the targeted date of April 1. The Bills pertaining to the introduction of a ..
Ahead of the Reserve Bank’s quarterly monetary policy, RBI is likely to signal interest rate hikes to suck out liquidity from the market and check prices from spiraling further. Reserve Bank may also raise the amount banks need to park with t ..
Committee on Comprehensive Regulation for Credit Rating Agencies suggests Strengthening of Existing RegulationsWednesday, January 27, 2010The Committee on Comprehensive Regulation for Credit Rating Agencies (CRAs), set up by the Department of Economi ..
Absence of written contract shouldn’t hamper dispute settlement: SC27 Jan 2010, 0310 hrs IST, Sanjay K Singh, ET Bureau NEW DELHI : The Supreme Court has ruled that the absence of a signed contract between the parties should not come in the way ..
Two dead flies in a soft drink bottle proved costly for a beverage company with the Delhi [ Images ] State Consumer Commission directing it to deposit Rs 1 lakh (Rs 100,000) with the State Consumer Welfare Fund on account of negligence."In a cas ..
Those trying to evade the taxman may find that showing a lower income has just got tougher. The Bombay high court on Thursday, in a significant ruling, held that the income-tax department can rely on any relatable document when it comes to a block as ..
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