finance
By admin at 8 October, 2009, 10:51 pm
NEW DELHI: Telecom regulator TRAI today said that operators will have to provide an optional tariff of per second call along with other packages
"Per second billing will be one of the options that (telecom) service providers have to provide," Telecom Regulatory Authority of India Chairman J S Sarma told reporters when asked about the reactions from operators on the suggestions for per second billing.
"Current [...]
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By admin at 7 October, 2009, 8:16 am
The Government is planning to strengthen the National Advisory Committee on Accounting Standards (NACAS), a move that will make the Institute of Chartered Accountants of India (ICAI) report to NACAS. For this, it will hand over the supervisory role of both accounting and auditing standards to NACAS. NACAS was constituted in 2001 to examine only ICAI’s accounting standards for companies in the country, but not for [...]
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By admin at 7 October, 2009, 7:31 am
Anticipating an adverse impact of the new Direct Tax Code, life insurance companies have demand amendments in the proposed code. The draft code had recommended a maturity tax on all life insurance products, if the term was less than 20 years and the premium exceeded 5 per cent of the sum assured. At present, there is no tax if the sum assured is five times the premium on all maturities.
In a presentation to the [...]
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By admin at 1 October, 2009, 2:32 pm
Businesses will benefit from using the Unique Identification Number that the Unique Identification Authority of India (UIDAI) hopes to issue to all residents of India, the Chairman of the Authority, Mr Nandan Nilekani, said on Wednesday. For example, a telecom company could save costs of verification of the identity of each new mobile subscriber, Mr Nilekani said. Another example: the State governments typically sp [...]
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By admin at 25 September, 2009, 9:33 pm
The Securities and Exchange Board of India (Sebi) is trying to ensure that mutual fund (MF) investors get the best deal from distributors. The regulator, in a circular on Wednesday amending the code of conduct for MF intermediaries, directed distributors to disclose to clients all information, involving commissions received for competing schemes of various MFs, of which the scheme was recommended. The move is an ex [...]
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By admin at 23 September, 2009, 8:54 pm
The government is considering a proposal to authorise the country’s three statutorily recognised institutes in the fields of accounting, company secretaryship and cost accounting to expand their ambit of functioning by providing services in all three areas. The proposal, however, is being opposed by the regulators themselves as many feel that it would lead to the end of specialisation and loss of functional and r [...]
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By admin at 23 September, 2009, 3:25 pm
A child's insurance plan helps you meet later expenses such as education and marriage.
Life insurance plays an important role in an individual's financial planning exercise. Insurance can assist individuals in planning for their own life stages as well as provide for their children's future. It also secures a child's future in case of any unfortunate event. Various kinds of child insurance products are availabl [...]
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