Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: empanelment :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

LS passes Bill to replace SBI Ordinance
August, 21st 2007
The Lok Sabha on Monday passed a Bill to replace the Ordinance promulgated on June 21 to facilitate the Centres buyout of the Reserve Bank of Indias shareholding in SBI.

On June 29, the Centre acquired 59.73 per cent stake of RBI against total payment of Rs 35,531.33 crore drawn from the Consolidated Fund of India.

Replying to the discussion on the State Bank of India (amendment) Bill 2007, the Finance Minister, Mr P. Chidambaram, asserted that the Centres move to buy the entire stake would not in any manner curtail the autonomy of SBI. SBI today is a stronger bank than what it was three years ago. We will make every effort to make it a much stronger bank. If the Government had interfered with the autonomy of banks, would they have become better and stronger as they have in the last three years? We have given more autonomy and not restricted them.

He also said that the Centres buyout of RBIs entire stake in SBI was done quite transparently and that the apprehensions voiced by the members had no basis.

A number of MPs said that the Government need not have used the Ordinance route to facilitate this transaction and contended that this was an unhealthy practice.

The Finance Minister, however, pointed out that the Governments intent to acquire RBI shareholding in SBI was announced in the Budget for 2007-08.

On queries from MPs as to why the Government was not buying out RBIs stake in Nabard and National Housing Bank through the same Ordinance, Mr Chidambaram said that the Centre was not showing any urgency as both were unlisted entities.

However, he assured that the transactions in respect of both the institutions would be completed by June 2008.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

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