CII opposes compulsory maintenance of cost records
Industry Chamber CII has opposed a proposal of parliamentary standing committee to make compulsory maintenance of cost records
According to CII maintenance of cost records should be according to the needs, objectives of the company and intended to be used with the company’s requirements
Reliance missing in euphoria
Investors are disappointed with the Reliance Contribution’s to the market in the last four months
RIL shares have risen only 3.7% in the last four months as compared to total market increase which was 22% it is very less
C-17 deal between India-US
Largest defence deal between India-US of acquisition of 10 C-17 globemaster transport aircraft by the Indian air force is likely to be inked during US president’s visit to India during November
C-17 are used for airdropping paratroopers, supplies, emergency evacuation and carrying heavy equipments like tanks
Total cost for this deal would be around $3.5 billion, making it the biggest defence deal.
Centre bans bulk SMS, MMS
Government banned bulk SMSes and MMSes for the Ayodha verdict. Communication ministry’s late night communication to mobile phone companies is another attempt by the government to keep a tight lid on unwanted incidents
Communications ministry officials may also be authorized to block all SMS services in sensitive areas
Pay less for pension account maintenance
NSDL has reduced the annual account maintenance charges to Rs 280 from Rs 350
Under Present structure a subscriber has to pay atleast Rs 470 as initial charges in the first year and Rs 350 annually to the National Securities Depository Limited for the maintenance of account.
Also CRA’s transaction fee has come down substantially to Rs 6 per transaction from the present Rs 10.
SEBI rejects MCX-SX plea for operations
SEBI has rejected the MCX-SX’s applications for stock and debt trading platforms stating non-compliance with the shareholding rules
For the compliance of MIMPS rules, MCX-SX has stated that the capital reduction had been suggested by SEBI chairman.
Rise in food inflation
Food inflation rose for the fourth week running as widespread floods in North India pushed up prices of cereals, fruits and vegetables
Food Prices were up 15.46% for the week ended september 11 from a year ago, a marginal increase from 15.1% for the week before