According to THE TIMES OF INDIA, Chennai Ed. (Dt.22/Dec/2008), Income Tax Department will start investigating into the Frozen Demat A/cs to find the black money and undisclosed transactions. A move that should have been done long back when SEBI ordered the freezing of the Demat A/cs without PAN. At last IT Dept & Govt. of … Read more
There is a lot of hype in the Media about the issue of Satyam’s failed buyout plan of Maytas. Talks of Corporate Governance are around and even demand that SEBI/ MCA conduct enquiry on the issue proactively without any need for anybody to complain. Various sections in SEBI’s rulebook are quoted which empower it to … Read more
Recently Government of India has proposed to ban all Korean & Chinese made Mobile phones in view of the security Threat Posed by them since they do not have IMEI numbers and it is difficult to trace them without IMEI number. In view of the recent bomb blasts in various places across India and the … Read more
IRCTC has changed the rules for Proof of Identify for e-tickets. Now it is not necessary to specify the person and the ID details. Any one of the passengers need to carry one of the specified proof of identity (Voter ID card/ Passport/PAN Card/Driving License/Photo Identity Card) along with the Electronic Reservation Slip (ERS). Earlier … Read more
Heard of Big Mac Index? The Purchasing Power Parity Index developed and maintained by The Economist – it tells how over- or under- valued a currency is w.r.t. to others by comparing the prices of Big Mac (MacDonalds Hamburger) across the world. In this Electronic Age, we have another Index – CommSec iPod Index. It … Read more