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ACC approves senior level appointmentsPressure mounts on Centre to cut excise duty on Petrol & Diesel prices; Some States may follow suit but not TNPublic Notice No. 33/2018 - Teething troubles faced by importers (See 'TOG INSIGHT' in 'Taxongo.com')CX - Valuation -S.4 of CEA, 1944 - Price prevailing for sale at depot immediately 'prior' to clearance from factory gate was to be adopted: CESTATThe new AEO SchemeI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCForeign Players Participating in IPL - Hit by GST?ST - Site Transfer activity involves processing of goods not amounting to manufacture and, therefore, same are taxable under 'BAS' - services partly performed outside India is also export - rebate available: CESTATGovt working on solution to rise in fuel prices, says PradhanGST Council holds joint meeting with CST & SGST officials in Hyderabad; happy with close coordinationOMCs hike diesel price by 26 paisa & Petrol price by 33 paisa per litre from todayGovt aims at reducing dwell time to 24 hours at ICD, say Mumbai Chief CommissionersWTO Members debate over fisheries subsidiesPM dedicates Kishanganga Hydro Project to Nation in SrinagarYeddyurappa Govt resigns before floor test; CM delivers emotional speechDemocracy under lens - SC orders live telecast of floor test in Karnataka Assembly todayI-T - if assessee fails to produce certain documents, it does not legitimise AOs presumption that transactions were not genuine: HCE-way bill required for supplies within Union Territories w.e.f 25.05.2018I-T - Income surrendered during search can be set off against business loss for AY 2013 -14 as amendment in Sec 115BBE is operative only from AY 2017-18: ITATACC clears Jharkhand Cadre IAS Amit Khare as new I&B Secretary + Anup Wadhawan to take over as Commerce Secretary + Dr M M Kutty to be new Petroleum SecretaryData Security & Privacy - Parliamentary Panel invites inputsBRICS Summit - India calls for judicious use of resourcesUS Trade Deficit - Trump flays ChinaI-T - If any industrial undertaking avails benefits under Ss 80-IA & 80-IB, it is still entitiled to avail Sec. 80-IC benefits: SCGSTR-3B - Govt extends deadline till May 22AP Govt looking for deputationists for GST postsGoyal reviews coal supply to power plantsDate for mandatory digital payment through e-MPS is extended to 01.06.2018Testing of Samples at outside laboratories - more entities addedSuspension of inter-state E-Way Bill on or after February 2, 2018 - a myth?GST - Is it worth reviving the 'Exorcised Ghost' of Sugar Cess?

MESSAGE BOARD

   

How safe are public deposits with press baron Ramoji Rao, HUF? Will MoF or RBI answer this question, please?


Mr K L Narasimhan vs Mr Ramoji Rao

I have no expertise to comment on the subject. neither i am a part of that 2200 crore investor base. notwithstanding the author's great concern for the public, certain observations of the author appears to subtly manifest a war between the author and mr.ramoji rao. i am also not able to discount the faith of so much of investors who have invested such a mammoth 2200 crores in his HUF.Years back, we all witnessed a great scam on the investment companies and millions were defrauded. after that most of us have become sane enough to plan our investment resources. even after that if mr. ramoji rao could garner and keep such a bounty means it is a testimony, at least to me, of sheer public confidence in him.

true, it is our responsibility to bring out facts to the public but,in no way, it shall create an unnecessary turbulence and cause irrepairable damage to the public faith or confidence.

i also request TIOL to send this piece to the house of ramoji rao and ask for thier comments and clarifications, if any.

jk

jaikumar seetharaman 13/11/2006

 
Re :Mr K L Narasimhan vs Mr Ramoji Rao

And Mr. Jai kumar, you have made a valid observation again. It is very easy for panic to set into the investor base. The damage could easily be caused but the repair work would take ages and probably many a lives. About the legality of such issues, less said the better, less bothered the best.

Venu nair 13/11/2006

 

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