K-RIDE's earlier plan for a 452-km Phase 2 project to connect satellite towns was shelved last year after it was rejected by the South Western Railway (SWR).
The finance department had on August 12 directed various departments to cut all business ties with two banks over a Rs 22 crore embezzlement case
The central bank says the existing arrangements between card networks and card issuers are not conducive for customers
The regulator in an operational guidance circular has mandated that no company shall purchase more than 25 percent of the average daily trading volume (in value) of its shares
A complex circular issued by the BSE spread panic among investors in certain small and mid-cap stocks. It ended up hurting the same investors it tried to protect.
The move is especially expected to benefit small savers and senior citizens
A state police circular, directing the police stations across Maharashtra, to register complaints against builders who cheat home buyers and violate building norms, has evoked a mixed response from developers and home buyers. Swadesh R
The Gujarat High Court on Wednesday had partially struck down the earlier RBI circular on wilful defaulters calling the restrictions imposed on directors as "arbitrary and unreasonable." But the amended RBI circular states that guarantors, who refuse to fulfil obligations despite having resources, will also be treated as wilful defaulters.
RBI circular is going to seek to further tighten these measures and it is going to be amplificatory in that nature, because the Finance Ministry is concerned about the fact that gold prices are hiking.
The SEBI and the NSE on Thursday banned 26 entities from trading in the stock market. The decision came at a time when both the authorities are conducting an investigation on the trading activity of Gitanjali Gems and Prime Broking Company, a subsidiary of Prime Securities.
Whoever coined the phrase Incredible India would have hardly expected it to extend to tax policy!
Amid pressure from trade unions, EPFO has kept in abeyance, its circular that seeks to tighten norms for initiation of inquiry against employers in provident fund (PF) cases and clubbing of allowances with basic wages for computing PF contribution.
Dinesh Kanabar, chairman –tax, KPMG says that CBDT circular will explain how a completed assessment will not be reopened under a retrospective amendment.
The Cupertino-based company believes that had Samsung followed these parameters, while designing their smartphones and tablets they would've never fallen into the lawsuit tangle.