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Lawyersclubindia News


Budget likely on July 3

   08 June 2009 at 10:19

The government is likely to present Budget for 2009-10 on July 3 and would try to pass it by July 31, so that another vote-on-account is not required. The railway budget is likely to be presented on July 1 followed by Economic Survey the next day and ..

Posted in Others |   166 Views


Banks can close old fraud cases of up to Rs 25 lakh: RBI

   08 June 2009 at 10:18

The Reserve Bank of India (RBI) has decided to relax the existing norms on the closure of fraud cases by banks saying that banks would be allowed, for limited statistical or reporting purposes, to close those fraud cases involving amounts up to Rs 25 ..

Posted in Corporate Law |   165 Views


Tax holidays likely for FDI in food processing

   08 June 2009 at 10:18

In a bid to attract foreign direct investment (FDI) into food processing sector, the government is working out a strategy for giving tax holidays to foreign investors for the next five years.According to Subodh Kant Sahai, Union minister for food pro ..

Posted in Corporate Law |   162 Views


Foreign tie-ups of trusts taxable

   08 June 2009 at 10:17

In a verdict that will have a bearing on tax exemptions given to Indian trusts, especially educational trusts, the Authority for Advance Ruling has held that tax is to be paid in India on all cross-border transactions, even if the parties involved ar ..

Posted in Taxation |   129 Views


Gujarat HC issues notices to SIT

   07 June 2009 at 17:30

The Gujarat High Court issued notices to Supreme Court-appointed Special Investigation Team (SIT) and the state government in response to an application filed by Kalubhai Hirabhai Malival, a BJP MLA from Lunavada, challenging the investigation being ..

Posted in Criminal Law |   514 Views


SENSATIONAL 2000 CRORE CHEATING

   07 June 2009 at 17:19

Master conman Ashok Jadeja might have cheated the entire members of Sansi community, a denotified nomadic tribe spread over north and western states of the country, off around Rs 2000 crore, Deputy Superintendent of Police (CID) R K Patel said today, ..

Posted in Criminal Law  2 comments |   578 Views


SC upholds conviction, sentence of 10 under TADA

   07 June 2009 at 17:18

The Supreme Court has upheld the conviction and sentence of ten people under TADA, involved in the killing of nine others belonging to the rival gang of liquor vendors in Ahmedabad on Aug 3, 1992.A bench comprising Chief Justice K G Balakrishnan and ..

Posted in Criminal Law |   239 Views


J&K HC directs J&K govt to register FIR in Kashmir Bar Assoc

   07 June 2009 at 17:16

Seeking direction from the Jammu and Kashmir High Court to the stat government to register a case in connection with the killing and alleged rape of two women at Shopian in south Kashmir, the Kashmir Bar Association (KBA) has prayed that an investiga ..

Posted in Criminal Law |   487 Views


Person with doubtful integrity can't be appointed as judge

   07 June 2009 at 10:50

New Delhi, Jun 4 : The Supreme Court has dismissed the petition filed by former Madras High Court judge N Kannadasan and the Tamil Nadu government challenging former's removal from the post of President of the State Consumer Dispute Redressal Commiss ..

Posted in Constitutional Law  1 comments |   565 Views


FM to chalk out roadmap for PSBs

   06 June 2009 at 12:40

Finance minister Pranab Mukherjee will chalk out an immediate roadmap for public sector banks (PSBs) on what he expects from them in terms of interest rates, credit offtake, infrastructure lending, bad loans management and financia ..

Posted in Corporate Law |   430 Views