BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...
BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...
Undeveloped corporate debt market is a weakness in India's financial system and high fiscal deficit is further complicating the problem, Prime Minister Manmohan Singh said Friday. "A weakness in our financial system relates to the market for corporate debt. While the market for government debt is very large, the market for corporate debt has yet to develop as it should. It is not large enough ...
Now this grudge has got an official form. In a significant move, the Competition Commission of India (CCI) has admitted a complaint against the government's move to allow foreign airlines to invest in Indian carriers except AI. The complainant, Delhibased lawyer Ankit Jain, has said that such a move denies a level playing field to the national airline. A ...
Nestle India. "Antonio Helio Waszyk, chairman and managing director, shall step down from the position of managing director with effect from October 1, 2013, to take up a new assignment within Nestle Group. He would continue to be the non-executive chairman of the company," the company stated in its filing to ...
Umberto D. [DVD]
Film scholar and critic Andr Bazin captured perfectly the essence of Italian neorealism when he described it as an ideal synthesis between the rigor of tragic necessity and the accidental fluidity of everyday reality. Ironically, he wrote these words in response to a screening at the 1952 Cannes Film Festival of Vittorio De Sicas Umberto D., which most historians date as the last neorealis ... ...
) on Friday fired a fresh salvo against pesky messages and unwanted calls, asking phone operators to disconnect all "telecom resources" - which includes phone, internet and other connections - to those who are flouting the guidelines. The disconnection will last two years. The latest move will impact unregistered telemarketers, most of whom were so far unregulated and using a loophole ...
BSE , a 1.4% decline on Friday. The counter saw hectic activity with over 28 lakh shares of the company being traded on the two exchanges combined. India Cements' earnings for the last quarter of 2012-13 also came below expectations. Higher costs pushed down realizations with adjusted PAT (profit after tax) plunging 59% year-on-year to around Rs. 26.3 crore during the ...
ISLAMABAD: Pakistan's Ministry of Petroleum and Natural Resources (MOPNR) has reversed its decision to ban cars over 1000cc from using CNG as fuel - saying it was 'not implementable.' The decision had been taken after being approved by the Prime Minister - an approval which the Law Ministry now says is 'a negation of the constitution.' Prime Minister Hazar Khan Khoso on ...
KARACHI: The largest tax collecting unit of the Federal Board of Revenue (FBR) has suggested that utility service providers should disconnect services to users who have not paid their taxes, official sources said on Thursday. In its budget proposals for the upcoming financial year, the Large Taxpayers Unit (LTU) Karachi has suggested changing the withholding tax regime. At present, gas and ...
KARACHI: Pakistan on Friday successfully paid a tranche of $385.6 million to the International Monetary Fund (IMF) under the Standby Arrangement signed in 2008, a central bank spokesman said. "Pakistan has paid 258.425 million special drawing rights (SDR) or $385.6 million against the principal amount of the SBA loan," a SBP spokesman said. Meanwhile, an economist requesting anonymity ...
On the record
We must define the nature and scope of this struggle, or else it will define us. Neither I, nor any President can promise the total defeat of terror. What we must do is dismantle networks that pose a direct danger.
The U.S. president was speaking on his administration's counter terrorism policy.
Crowne Plaza Hotel, Coogee, Sydney
This 4.5 star hotel is one of our favourites. Overlooking Coogee Beach and just a 15 minute drive from the ...Keep reading
Record Your Vote
The Boy Scouts of America National Council has resolved to accept gay members. Do you agree with this policy?
India GazetteIndia Gazette – National News Bureau
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A senior Indian army officer and two soldiers were injured near the Line of Control (LoC) Friday evening after Pakistani troops resorted to heavy firing at Indian posts in the Nowgam sector of north Kashmir's Kupwara district, an official said.
"A brigadier and two soldiers were injured in the firing at Tutamari Gali of Nowgam sector near the LoC yesterday (Friday) evening," an army officer said. "Brigadier Sanjeev Langar received minor injuries," he added.
Sources in the army said the Pakistan army soldiers, in violation of the bilateral ceasefire, began heavy firing from automatic weapons at Indian posts around 6.30 p.m.
"They also fired some mortars. Our troops retaliated with calibrated response. The firing stopped around 8 p.m.," they added.
The two countries had announced a bilateral ceasefire along the LoC and international border in November 2003.
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