The Institute of Chartered Accountants of India is in the process of clarifying the procedure for accounting of these peculiar transactions for which there is no precedence."We will issue explanations and clarifications as to how to record certain transactions which are innovative in nature," ICAI President Ved Jain told PTI.
The Prime Ministers Office is upset that the Congress party was deliberately playing up the Saeed-Vaidik meeting in Parliament to detract attention from Prime Minister Narendra Modi's meeting with the Chinese president. Rediff.com contributor Renu Mittal reports
The newly appointed (by the government) board members, O P Vaish and Ved Jain, said the company and its lenders were expected to reach an agreement in this regard by March 25. The board met in Hyderabad under the chairmanship of Vaish and sought information on the state of the company and the various projects it was implementing and negotiating. Vice-Chairman B Teja Raju and Additional Director B Narasimha Rao were present.
Reiterating his party's commitment to provide equal development opportunities to all in Jammu and Ksahmir, the Peoples' Democratic Party has said 'self rule' was the only viable solution for removing regional disparities in the state.
Within hours of Company Law Board orders, the government on Thursday appointed its nominees on the boards of Maytas Infra and Maytas Properties, the companies promoted by the kin of disgraced founder of the Satyam Computer Services B Ramalinga Raju.
In yet another case of honour killing, a newly-wed young man was lynched in the presence of police escort by villagers, who were opposed to his marrying in the same sub-caste or gotra, when he came to take back his wife in Haryana's Jind district.
'A witless thriller so far removed from reality yet so consumed by its own self-seriousness, no amount of slick photography, soaring soundtrack or steady supply of conspiracy can salvage its tepid material,' notes Sukanya Verma.
'We will do it either by removing all the Constitutional hurdles or by mutual consent.'
Chartered accountants body ICAI on Saturday served a showcause notice on auditor PriceWaterhouse and asked it to submit balance sheets of Satyam Computer audited by it in the last five years.
In fact, the ministry of corporate affairs announced that role of directors and auditors at Satyam will be scanned by ICAI and the apex body of company secretaries.
PwC's comments are still awaited. Following a letter from the Satyam chairman, who accepted that he had misrepresented facts in the company's balance sheet, role of auditors and accountants for the company has also come under scanner.
In a filing to the Bombay Stock Exchange, Maytas Infra said a meeting of the board of directors of the company will be held on Thursday to appoint Vaish and Jain as directors of the company in accordance with the order of the Company Law Board. Former ICAI president Ved Jain and noted tax lawyer O P Vaish were named as new board members of Maytas Infra following CLB directing the government to appoint four nominee directors, including a chairman, on the company's board.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ved Marwah, former commissioner of police Delhi and former National Security Gurads chief, felt the Jaipur blasts was not the end of the problem. "With the election year round the corner this is bound to go up. Our neighbours will to continue to play mischief and is not going to give it up. My gut feeling is that we have to sort out this problem within the country and not with Pakistan. Once we do that, these attacks would disappear automatically," Marwah told rediff.com.
'Why should the government keep these laws on hold for 1.5 years when they are so disastrous for the interests and well-being of farmers?'
This is the first ever incident of fratricide in the Kashmir police department.
Akshay moves SC, saying death penalty entails 'cold blooded killing'. The SC has already rejected review pleas of 3 other convicts.
The body of Maharishi Mahesh Yogi will be brought to his ancestral home in Allahabad on Saturday.
Sonia Gandhi is still to reach a decision on the matter.
Twenty-nine people were killed and 40 injured when a truck fell from a bridge into a drain at Piparia near Hoshangabad on Wednesday, police said.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries
The Indian police is governed by the archaic, colonial-era Police Act of 1861, which has no place in a democracy. It was created to make the police subservient to its masters and, consequently, antagonistic to the masses, states Veenu Sandhu.
A 3-judge bench would hear the plea, that has questioned
'No COVID-19 positive person will be allowed when the bhoomi pujan happens on August 5 in Prime Minister Modi's presence.'
When the temple issue predominated BJP's discourse, its victory margins have been narrow.
''And topping it all, parties were playing politics with the issue, least concerned about solving the problem. In fact, they were using them to further their own ends," Marwah claimed.
Historically, Indian stocks trade at earnings multiple of 17-18 times. At current prices, the earnings multiple for the Sensex is 26 times.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
The Indian High Commission in Pakistan was not aware of journalist Ved Pratap Vaidik's meeting with Jamaat-ud-Dawa chief Hafiz Saeed and there was no question of facilitating it, External Affairs Minister Sushma Swaraj said on Thursday.
Congress General Secretary Digvijaya Singh has questioned the Bharatiya Janata Party's stand on Kashmir, in the backdrop of the recent meeting between journalist Ved Pratap Vaidik and Mumbai attack mastermind Hafiz Saeed.
They were arrested on Thursday after a first information report was registered, police said.
Donations to NGOs and charitable institutes are likely to be exempted from fringe benefit tax, a leading member of chartered accountants body ICAI said on Saturday.\n
'He couldn't hold himself from chanting 'Siyavar Ramchandra ki Jai'.'
The Jharkhand governor was given the additional charge of Bihar following the resignation of M Rama Jois on October 28.
The urban development ministry has issued reminders to six former ministers to vacate their official residences in New Delhi, failing which eviction proceedings would be initiated against them.
Moti Ram Yadav, a property dealer, told Additional Sessions Judge Sunil Gaur he did not know the accused Sri Bhagwan or Satya Prakash.
