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: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: due date for vat payment :: list of goods taxed at 4% :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD
 
 
News Headlines »
 What to do if you get an income tax notice after demonetisation
 SBI calls for raising income tax exemption limits
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA

Govt won't let Satyam lay off
June, 01st 2009

Corporate affairs minister Salman Khursheed said that the government would not be a mute spectator to the layoff plans in scam-hit Satyam.

The minister hinted at the government's "active involvement" in the company's affairs even after its takeover by Tech Mahindra of Mahindra and Mahindra group.

"Layoffs -- this is something we are not going to turn a blind eye to as we have a relevant presence in decision making," the minister said, adding that his ministry would liaise with the company on this issue.

Taking a firm stand on the reported comment of Tech Mahindra CEO Vineet Nayyar that there were 10,000 surplus people in Satyam, Khursheed said, We will not allow the company to be taken for a ride. Our opinion and advice are important till things improve."

There were reports in a section of the media that Satyam was planning to lay off about 8,000 staff working in departments like marketing, HR and administration. Commenting on the possibility of similar frauds in the corporate world and whether Satyam was just the tip of the iceberg, Khursheed said, "I would call it a symptom of something wrong in the system. You need to treat the system, the root... otherwise the symptom may reappear. If I call it a tip, it means I am saying there is an iceberg."

Khursheed said probe ordered by his predecessor P C Gupta would be taken to its logical conclusion. "It will make my task easier," he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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