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Villages with 2,000 to have banking access by March: RBI
Commercial banks would come out with a plan for financial inclusion by the end of the financial year, RBI Governor D Subbarao announced here during a bankers’ meet on financial inclusion and promotion of financial literacy.

'India's net sugar imports will continue for 2 yrs'
Ajay Modi / New Delhi September 17, 2009, 0:39 IST

News of the day

Double taxation of computer software yet to be redressed
Budget 2009 contained important proposals in regard to exempting packaged software from customs duty, on importation, and on excise duty, with regard to domestic supplies, to the extent that such software is purportedly chargeable to the service tax. The proposals attempted to redress the problem of potential double taxation that arises in regard to such software. Earlier articles in this column had highlighted the problem of double taxation in relation to several transactions including the service taxation of packaged software post the changes announced in the Budget 2009.
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Maha blocks moneycontrol, BSE sites for staff

Maharashtra government employees can no longer browse online trading sites from Mantralaya now, as the state government has blocked two financial websites moneycontrol.com and bseindia.com. - ICICIdirect offers exclusive online trading platform for IFAs - Bonds drop on rate-hike speculation - 3 Idiots to come under Maha govt scanner - Sugar deficit to go on for another year: Pawar - Bank of Maharashtra, SBI join hands to distribute MFs - Maha realty to cost more with new ready reckoner "The state government has blocked two online trading sites, as they were frequently accessed by the employees and they are not required for the official work," an official from Information Technology Department said. The department has installed the system that would prevent the employees from accessing these two sites and making any transactions online, the official said. The move was initiated after receiving several complaints from senior officials that some of the employees spend working hours in online trading, the official said. Also, some of the employees were found playing games on the official computers, he added. "All the departments have welcomed the move of the government to block the sites, as often use of these sites was affecting working hours of Mantralaya and quality of work," the official said. Unhappy with the decision, an employee said it is true that some people were doing online trading, but it never affected the duty hours. Justifying the ban, the official said many corporate offices have already taken the initiative to block the trading, gaming, porn and social networking sites, he said.


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