Credit Information Bureau (India) Ltd (CIBIL) said it will come out with a database on mortgage defaulters and is also looking at expanding client base to telecom and insurance companies.
“We will come up with a database of mortgage defaulters very soon,” CIBIL Managing Director, Mr Arun Thukral said after announcing the launch of a database of fraudulent activities here.
The government’s corporate tax collections grew a strong 21.7% in the first quarter of the current fiscal, confirming that economic recovery was beginning to translate into better profits for companies.
Overall direct tax collections were up 15% to Rs 68,675 crore in the April-June quarter, data released by the finance ministry on Tuesday showed.
In a ruling affecting the way multinational companies use brand names in India, and the tax demands raised on payments in this regard, the HC here has laid down some principles in this regard.
It did so while setting aside an order by I-T authorities to disallow as a deductible expense the royalty paid by Maruti Suzuki India to Suzuki Motor Corporation, for using the latter’s ‘S’ logo on cars sold in India.
The much-awaited report of a panel appointed by the Securities and Exchange Board of India (Sebi) on revising the takeover code is set to be submitted to the market regulator this month.
“The report is in its final stage. Barring a few issues, on which discussions are on, the committee is ready to submit the report to the market regulator within three weeks,”.
The Institute of Chartered Accountants of India (ICAI) is trying hard to get more professionals into practise. “At present more than 80 per cent of chartered accountants are employed with some company or the other. Very few opt to take up practice. But the opportunities are opening up and we foresee a huge shortage of practising professionals,” Mr G. Ramasamy, Vice-President, ICAI said.
To get more candidates take up the CA programme, the institute is planning to conduct an online CPT exam every month.
 |
 |
 |
 |
 |
|||
  |
|||
   |
|||
Posted in 
Govt cautious on FDI in multi-brand retail:- DIPP Sec
Unlike the defence sector, the government has adopted a cautious approach on opening up multi-brand retail to foreign investment, DIPP Secretary R P Singh said.
The secretary of the DIPP — which is responsible for the policy on the country’s FDI — indicated that the government has taken a cautious approach in the case of multi-brand retail.