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	<title>Forum4Finance</title>
	<link>http://www.forum4finance.com</link>
	<description>Your Financal Knowledge Partners - Share. Discuss. Learn</description>
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		<title>Delhi ITAT: Tax payable on import of all software</title>
		<description><![CDATA[Tax is payable on import of all software, even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order in a case relating to Microsoft. While the order, passed on October 28, is significant in terms of the liability to withhold tax from payments made while importing software, the [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/delhi-itat-tax-payable-on-import-of-all-software/</link>
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		<title>IT raids CWG contractors, 60 locations across India</title>
		<description><![CDATA[The income tax department raided contractors and firms at 60 locations across India in connection with alleged irregularities in Commonwealth Games (CWG) contracts, an official said. &#8220;The raids are being conducted on the premises of some contractors and firms as part of a probe to detect alleged financial irregularities in the organisation of the Commonwealth [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/it-raids-cwg-contractors-60-locations-across-india/</link>
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		<title>RBI expected to raise interest rates for 6th time this year</title>
		<description><![CDATA[The Reserve Bank of India is expected to raise interest rates for the sixth time this year on Tuesday to battle stubborn inflation that remains well above its comfort zone of 5-6 per cent. Most economists expect the Reserve Bank of India (RBI) to raise key rates by at least 25 basis points at its [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/rbi-expected-to-raise-interest-rates-for-6th-time-this-year/</link>
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		<title>State prisons dept likely to use Raju’s expertise in country’s first prison BPO</title>
		<description><![CDATA[Disgraced Satyam chief B Ramalinga Raju could be ruing his fate after the Supreme Court on Tuesday cancelled his bail but the apex court’s directive has brought a smile on the face of the state prison chief. The state prisons department is toying with the idea of using Raju’s expertise in handling operations at the [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/state-prisons-dept-likely-to-use-raju%e2%80%99s-expertise-in-country%e2%80%99s-first-prison-bpo/</link>
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		<title>AG: Multi-crore PF scam has shaken faith in judiciary</title>
		<description><![CDATA[The involvement of as many as 30 judges in the multi-crore provident fund scam has shaken the confidence of people in the judiciary, attorney general G E Vahanvati told the Supreme Court on Thursday while arguing for CBI’s application seeking transfer of the trial from Ghaziabad to Delhi. “If there is a case in last [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/ag-multi-crore-pf-scam-has-shaken-faith-in-judiciary/</link>
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		<title>Insurance council recommends inclusion of ayurveda, unani &amp; siddha in Health cover</title>
		<description><![CDATA[A panel formed by the insurance council will probably recommend that domestic healthcare systems such as ayurveda , unani and siddha should be treated on par with allopathy when it comes to medical insurance, said a person familiar with the committee’s thinking. “The department of Ayush has approached the General Insurance Council for looking at [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/insurance-council-recommends-inclusion-of-ayurveda-unani-siddha-in-health-cover/</link>
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		<title>Govt clarifies the policy on Capital goods transfer in SEZs</title>
		<description><![CDATA[The government today clarified the policy concerning the transfer of used capital goods into special economic zones (SEZ) from outside of the enclaves, stating that a company can shift the equipment to set up units into the SEZs. However, the value of such second-hand goods should not exceed (20 per cent) to avail of the [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/government-clarifies-the-policy-on-capital-goods-transfer-in-sezs/</link>
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		<title>Small investors not ploughing back in stocks</title>
		<description><![CDATA[After cashing out of the recent stock market rally, investors aren&#8217;t ploughing their money into just initial public offerings (IPOs), bonds or real estate. The feel-good factor has prompted many of them to splurge on luxury cars, exclusive holidays and designer brands. Sample this: luxury car manufacturers BMW, Mercedes and Audi have seen a significant [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/small-investors-not-ploughing-back-in-stocks/</link>
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		<title>Company FDs, be cautious on fraud FDs</title>
		<description><![CDATA[Inflation is in the double-digit territory and bank FDs are, at best, fetching merely 7-8 percent interest per annum. So, the real return from bank deposits is negative, which has led to lot of people making a beeline for company FDs that offer a slightly higher return than bank FDs. Company FDs have seen a [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/company-fds-be-cautious-on-fraud-fds/</link>
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		<title>Ikea proposes India govt to allow 100% FDI in retail to set shop</title>
		<description><![CDATA[Shishir Bhate, Swedish home furnishing retail giant Ikea, which had put on hold its $1-billion India investment plans in 2009, wants to take a relook at India&#8217;s retail growth story if the government allows 100 per cent foreign direct investment in multi-brand retail, said Union Commerce and Industry Minister Anand Sharma on board the prime [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/ikea-proposes-india-govt-to-allow-100-fdi-in-retail-to-set-shop/</link>
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		<title>RBI Reference Rate for US $ and Euro – 29th October 2010</title>
		<description><![CDATA[The Reserve Bank of India’s Reference Rate on October 29, 2010 for the US Dollar is Rs. 44.54 for Euro is Rs. 61.81 The corresponding rates for the previous day (October 28, 2010) were Rs. 44.49 and Rs. 61.56 respectively.]]></description>
		<link>http://www.forum4finance.com/2010/10/29/rbi-reference-rate-for-us-and-euro-%e2%80%93-29th-october-2010/</link>
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		<title>Week 25th to 30th October ’10 Highlights</title>
		<description><![CDATA[ICAI Contribution to the Question Bank of CPT The Common Proficiency Test (CPT) is an entry level test meant for 10+2 students to the Chartered Accountancy Profession having multiple choice objective questions. The level of knowledge expected is basic knowledge with the objective to develop conceptual understanding of the subject concerned. With a view to [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/29/week-25th-to-30th-october-10-highlights/</link>
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		<title>Open Budget Survey 2010: India&#8217;s Budget has become more transparent</title>
		<description><![CDATA[The Indian budgetary system has become more transparent over the years, with the government providing significant information on the Budget, a survey has said. According to the Open Budget Survey 2010, released by the International Budget Partnership, India&#8217;s open budget index (OBI) score improved from 53 in 2006 to 67 in 2010. The survey is [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/open-budget-survey-2010-indias-budget-has-become-more-transparent/</link>
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		<title>Banks refuse to lend MFIs even sanctioned line of credits</title>
		<description><![CDATA[In a fresh blow to microfinance institutions, banks are refusing to lend them even a sanctioned line of credit, following recent controversies over opaque corporate governance and  interest rates. The ensuing liquidity crisis has prompted many MFIs to seek a moratorium on loan repayment to banks. MFIs raise 75-80 per cent of their funds via [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/banks-refuse-to-lend-mfis-even-sanctioned-line-of-credits/</link>
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		<title>Direct Tax collection rises by 17.2 per cent</title>
		<description><![CDATA[Revenue through Direct Tax collection rose by 17.2 per cent to around Rs 2.02 lakh crore as on September 30, 2010, which is 47 per cent of the finance ministry&#8217;s budgetary target for the current fiscal, Sunil Mitra, revenue secretary, ministry of finance, said. Speaking to reporters after participating in an interactive session on Direct [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/direct-tax-collection-rises-by-17-2-per-cent/</link>
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		<title>SC approves Service tax on leasing services</title>
		<description><![CDATA[The Supreme Court has held that banks and financial institutions, including non-banking financial companies, are liable to pay service tax on transactions of leasing and hire purchase of moveable goods. While bringing such services within the service tax net, a Bench headed by chief justice SH Kapadia has upheld the levy of service tax on [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/sc-approves-service-tax-on-leasing-services/</link>
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		<title>LLP may not get access to cheap overseas funds</title>
		<description><![CDATA[Limited liability partnerships in the country may not get access to cheap overseas funds, which could discourage big firms from switching to this form of business that combine the features of companies and partnerships. The finance ministry and the Reserve Bank of India have opposed changes in the external commercial borrowings (ECB) policy to allow [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/llp-may-not-get-access-to-cheap-overseas-funds/</link>
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		<title>Related companies disclosure norms to be tighten: SEBI</title>
		<description><![CDATA[Market regulator SEBI indicated that it could tighten the disclosure norms for transactions between related companies. “There is a scope for improvement&#8230;,” SEBI Chief C.B. Bhave said when asked if the measures taken by SEBI so far with respect to disclosure of related party transactions were enough. Related party transactions typically involve deals between group [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/related-companies-disclosure-norms-to-be-tighten-sebi/</link>
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		<title>RBI likely to hike rates next month</title>
		<description><![CDATA[The Reserve Bank of India on Tuesday hinted at another round of monetary policy tightening at its upcoming review meet on November 2, with Deputy Governor Subir Gokarn asserting that it is a challenge to keep inflation in check. &#8220;Persistent price increases in commodities for which there are less effective substitutes, with other things remaining [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/rbi-likely-to-hike-rates-next-month/</link>
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		<title>Satyam fraud: SC cancels Raju’s bail</title>
		<description><![CDATA[The Supreme Court on Tuesday cancelled the bails granted to Satyam Computer Services founder B Ramalinga Raju, his brother B Rama Raju and four others by Andhra Pradesh High Court in the Rs 14,000-crore (Rs 140-billion) accounting fraud. Hearing the Central Bureau of Investigation plea, a Supreme Court bench comprising Justices Dalveer Bhandari and Deepak [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/satyam-fraud-sc-cancels-raju%e2%80%99s-bail/</link>
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		<title>FM: No regulator for MFIs</title>
		<description><![CDATA[The government said on Tuesday it is not mulling a regulator for microfinance institutions, but wanted them to evolve a code for themselves, even as these lenders draw criticism over their exorbitant interest rates and coercive recovery methods. At Economic Editors&#8217; Conference in New Delhi, Finance Minister Pranab Mukherjee said he has suggested to the [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/fm-no-regulator-for-mfis/</link>
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		<title>RBI Reference Rate for US $ and Euro – 28th October 2010</title>
		<description><![CDATA[The Reserve Bank of India’s Reference Rate on October 28, 2010 for the US Dollar is Rs. 44.49 for Euro is Rs. 61.56 The corresponding rates for the previous day (October 27, 2010) were Rs. 44.52 and Rs. 61.47 respectively.]]></description>
		<link>http://www.forum4finance.com/2010/10/28/rbi-reference-rate-for-us-and-euro-%e2%80%93-28th-october-2010/</link>
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		<title>Contribution to the Question Bank of CPT</title>
		<description><![CDATA[The Common Proficiency Test (CPT) is an entry level test meant for 10+2 students to the Chartered Accountancy Profession having multiple choice objective questions. The level of knowledge expected is basic knowledge with the objective to develop conceptual understanding of the subject concerned. With a view to augment the Question Bank in the Subjects of [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/contribution-to-the-question-bank-of-cpt/</link>
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		<title>ICAI President Amarjit Chopra&#8217;s Message &#8211; November 2010</title>
		<description><![CDATA[Dear All, “India stands at a crucial stage. All across the globe there is interest in India as an emerging global power… We have to be able to compete with the finest minds in the world. In this, education occupies a crucial position,” so said Hon’ble President of India Smt. Pratibha Devisingh Patil recently. I [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/28/icai-president-amarjit-chopras-message-november-2010/</link>
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		<title>Finmin excepts Indirect tax collection to exceed target</title>
		<description><![CDATA[The finance ministry expects to overshoot its indirect tax collection target by Rs 15,000 crore. For 2010-11, the government had set an indirect tax collection target of Rs 315,000 crore. “We may exceed our original target…It (indirect tax mop-up) could be around Rs 330,000 crore this year,” V Sridhar, chairman of Central Board of Excise [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/27/finmin-excepts-indirect-tax-collection-to-exceed-target/</link>
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		<title>Reasons for not allowing FDI in retail</title>
		<description><![CDATA[Ahead of US President Barack Obama’s maiden visit to India in his official capacity, Planning Commission Deputy Chairman Montek Singh Ahluwalia has firmly supported foreign entry into multi-brand retail in India. Currently, only 51 per cent foreign direct investment (FDI) in single-brand retail is allowed in India. The Department of Industrial Policy and Promotion (Dipp) [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/27/reasons-for-not-allowing-fdi-in-retail/</link>
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		<title>Microfinance institutions needs to evolve code of conduct: FM</title>
		<description><![CDATA[Microfinance institutions (MFI) today got some support from Finance Minister Pranab Mukherjee. The finance minister ruled out any immediate move to regulate these entities and also disclosed that he had suggested to the Andhra Pradesh government that some of the harsher provisions of the Ordinance promulgated by the state be amended. Mukherjee said he had [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/27/microfinance-institutions-needs-to-evolve-code-of-conduct-fm/</link>
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		<title>Govt plans to dilute IFRS norms before its rollout</title>
		<description><![CDATA[With less than six months to go before the nation moves towards a globally-recognised accounting system, the government plans to dilute some key provisions relating to foreign exchange differences and overseas borrowings which will make global investors suspect Indian accounting, say three people closely associated with the development. In the case of accounting for foreign [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/27/govt-plans-to-dilute-ifrs-norms-before-its-rollout/</link>
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		<title>Sale of Esops Shares can be taxing</title>
		<description><![CDATA[With the stock market nearing its all-time high, the best way out is to sell them in tranches. Employee stock option plans, or Esops, are touted as one of the best tools to create long-term wealth. These are the shares an employee gets of his/her employer at a discounted rate to the current market price. [...]]]></description>
		<link>http://www.forum4finance.com/2010/10/27/sale-of-esops-shares-can-be-taxing/</link>
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		<title>RBI Reference Rate for US $ and Euro – 27th October 2010</title>
		<description><![CDATA[The Reserve Bank of India’s Reference Rate on October 27, 2010 for the US Dollar is Rs. 44.52 for Euro is Rs. 61.47 The corresponding rates for the previous day (October 26, 2010) were Rs. 44.43 and Rs. 62.07 respectively.]]></description>
		<link>http://www.forum4finance.com/2010/10/27/rbi-reference-rate-for-us-and-euro-%e2%80%93-27th-october-2010/</link>
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