Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: due date for vat payment :: cpt :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: empanelment
 
 
« Budget Extravaganza »
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes
 Six things Finance Minister did not tell you in Budget 2017
 Budget 2017 and its place in history
 Tax Dept need not reveal reason for raid even to Appellate Tribunal, proposes Budget 2017
 Budget 2017 proposes a fee for delayed filing of income tax return
 No Cash Transactions Over Rs 3 Lakhs, Reduction In Income Tax And Other Highlights From Budget 2017
 Union Budget 2017: Here are the expectations of real estate sector
 10 things to expect from Finance Minister Arun Jaitley
 High expectations from budget
 India unveils Budget for recovery after cash crunch
 Increase income tax exemption limit’

Thomas hopeful of passage of FCRA bill in Budget session
April, 27th 2013

Food Minister K V Thomas today said he is hopeful of passage of the FCRA amendment bill in the ongoing session of Parliament even as proceedings of the house have been disrupted due to coal issue.

The Forward Contract Regulation Act (Amendment) Bill, if passed, will give more powers to sectoral regulator Forward Markets Commission (FMC) and allow a new category of products like options and indices. The bill is considered vital for the development of futures trade.

"We are waiting for Parliament to come to normal functioning. We are prepared and hopeful of passage of the FCRA bill in the current session. There are crucial bills to be passed in Parliament," Thomas told reporters on the sidelines of a BIS event here.

The proceedings of Parliament have been disrupted since the start of the second part of Budget session on April 22 due to various issues including coal scam.

Industry experts said that early passage of the bill is necessary to bring in much-needed reforms and boost the commodities futures market.

The bill was first introduced in Lok Sabha in December 2010. Later, the Cabinet cleared the FCRA amendment bill in October last year. It is yet to be passed in Parliament.

At present, the country has five national and 15 regional commodity exchanges with a combined turnover of Rs 170.46 lakh crore in 2012-13 fiscal.

Earlier, Thomas after presenting the 'Rajiv Gandhi National Quality Awards 2011' called upon domestic companies to give top-most priority to "quality" as the strength of the Indian economy would depend on quality services and products manufactured in the country.

Indian companies should put themselves to quality tests voluntarily if they want to face global competition, he said.

The Quality Awards, instituted by the Bureau of Indian Standards (BIS), are given for meeting quality challenges in domestic and international market.

Nokia Siemens Networks and R Systems International Ltd were winners of 2011 quality awards under the large scale industry category, while Technocrat Connectivity Systems under small scale industry section.

Himachal Pradesh-based ACC Senior Secondary Public School grabbed the best of all award for 2011. Ten industries received commendation certificates from BIS.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions