State Bank hikes rates on bulk, senior citizen deposits by 50-140 bps
Posted Date : 31-Jan-2018 , 10:55:40 am | Posted By CASANSAAR
National banking bellwether State Bank of India raised interest rates on deposits for the first time in five years as it prepares to raise the lending game after the government strengthened it with capital investment and the trauma of bad loans eased.
SBI follows private sector lender Axis ...
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Banking |
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Revised Formats of Statutory Auditor’s Report for Urban Cooperative Banks - ICAI
Posted Date : 31-Jan-2018 , 09:12:14 am | Posted By CASANSAAR
FOR THE ATTENTION OF THE MEMBERS
Revised Formats of Statutory Auditor’s Report for Urban Cooperative Banks
The Auditing and Assurance Standards Board of ICAI is issuing the following revised formats of the statutory auditor’s report fo...
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ICAI |
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ICAI to carry study on Bitcoin, Cryptocurrencies
Posted Date : 30-Jan-2018 , 08:44:32 am | Posted By CASANSAAR
In the wake of popularity of virtual currencies or cryptocurrency like Bitcoin, the government has sought Institute of Chartered Accountants of India (ICAI)'s opinion on the matter.
"Ministry of Corporate Affairs has sought our opinion on accounting standards and disclosures of cryptocur...
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ICAI |
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GST data reveals 50% increase in number of Indirect Taxpayers
Posted Date : 29-Jan-2018 , 02:20:33 pm | Posted By CASANSAAR
A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50% increase in the number of indirect taxpayers, besides a large increase in voluntary registrations, especially by small enterprises that buy from large enterprises and want to avail themselves ...
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GST |
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Economic Survey 2017-18 predicts 7 to 7.5 percent of country’s GDP growth in 2018-19
Posted Date : 29-Jan-2018 , 02:09:45 pm | Posted By CASANSAAR
Economic Survey 2017-18 has predicted 7 to 7(point) 5 percent of country’s GDP growth in 2018-19. It says that a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. It said the employ...
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Budget |
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Finance ministry to conduct performance review of heads of 12 banks
Posted Date : 29-Jan-2018 , 09:08:56 am | Posted By CASANSAAR
The finance ministry would soon initiate a performance review of heads of public sector banks that are under the RBI’s (Reserve Bank of India) Prompt Corrective Action (PCA) as part of the reform process, official sources privy to the development said.
So far, RBI has put 12 public sector b...
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Banking |
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Budget session of Parliament begins today
Posted Date : 29-Jan-2018 , 09:00:09 am | Posted By CASANSAAR
The Budget session of Parliament begins today. The first phase of the session will commence with President Ram Nath Kovind's address to a joint session of both the houses. The Economic Survey will also be tabled today. The Budget will be presented on Thursday.
During the session, the governme...
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Budget |
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Pass Percentage & Toppers of CA IPC November 2017 Exams
Posted Date : 28-Jan-2018 , 05:33:03 am | Posted By CASANSAAR
RESULT OF CHARTERED ACCOUNTANTS INTERMEDIATE (IPC) EXAMINATION HELD IN NOVEMBER 2017.
GROUP No of Candidates No of Candidates % of Pass
Appeared Appeared &nbs...
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CA Results |
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Time limit to Bankuptcy resolution process may be extended by 60 days
Posted Date : 27-Jan-2018 , 02:19:51 pm | Posted By CASANSAAR
The government is considering a proposal to extend the time limit for the bankruptcy resolution process by up to 60 days following recent changes in the Insolvency and Bankruptcy Code (IBC) that have led to a reset in the process in many cases, said officials aware of the matter.
This could...
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Insolvent Professional |
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Govt allows Small Finance Banks & Payments Banks to offer Atal Pension Yojana
Posted Date : 27-Jan-2018 , 02:13:07 pm | Posted By CASANSAAR
Government has allowed Small Finance Banks and Payments Banks to offer Atal Pension Yojana (APY). Finance Ministry in a statement said, 10 Small Finance Banks and 11 Payment Banks have got license from Reserve Bank of India to start banking operations in the country.
The Banks include Ujjivan Sma...
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Banking |
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Result of CA IPC Exam held in Nov 2017 to be declared on 28th Jan.2018
Posted Date : 27-Jan-2018 , 08:37:31 am | Posted By CASANSAAR
The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November 2017 is likely to be declared on Sunday, the 28th January 2018 around 6.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto...
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CA Results |
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Govt collects Rs 86,703 cr under GST in December
Posted Date : 26-Jan-2018 , 10:23:35 am | Posted By CASANSAAR
Government has collected 86,703 crore rupees under GST in the last month. Finance Ministry said, one crore taxpayers have been registered under GST so far.
Of them over 17 lakh are Composition Dealers which are required to file returns every quarter. It said, over 56 lakh GSTR 3B returns ha...
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GST |
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Chartered accountants gatekeeper for companies, must stay away from murky things
Posted Date : 25-Jan-2018 , 09:01:18 am | Posted By CASANSAAR
Chartered accountants are the gatekeepers for corporates and should keep away from being part of "murky things", a senior government official said amid the clamp down on illicit fund flows.
Corporate Affairs Secretary Injeti Srinivas also urged chartered accountants to work toward...
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Chartered Accountant |
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RBI warns banks about crypto risks, wants higher scrutiny
Posted Date : 25-Jan-2018 , 08:53:51 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has warned lenders about cryptocurrencies, telling them to step up scrutiny of financial transactions by companies and exchanges involved in the trade of bitcoins and similar digital tender, said two people aware of the matter.
While the central bank stopped ...
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RBI |
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Govt announces details of Bank recap and Comprehensive Reform Plan
Posted Date : 25-Jan-2018 , 08:46:19 am | Posted By CASANSAAR
The Government of India today unveiled details of the re-capitalisation of Public Sector Banks (PSBs) announced in October, 2017. The capital infusion plan for 2017-18 includes Rs.80,000 crore through Recap Bonds and Rs.8,139 crore as budgetary support. This plan addresses regulatory cap...
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Banking |
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Do not donate over Rs.2,000 in cash to political parties - Income Tax Department
Posted Date : 24-Jan-2018 , 08:53:46 am | Posted By CASANSAAR
The Income Tax Department on Tuesday cautioned people against indulging in illegal cash transactions including donating more than Rs.2000 to political parties.
In a bid to clean up election funding, the government early this year had notified ‘electoral bonds’ that can be bought from ...
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Income Tax |
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RBI, Govt may give banks more time to switch to IndAS
Posted Date : 23-Jan-2018 , 08:51:32 am | Posted By CASANSAAR
The government and the Reserve Bank of India (RBI) may postpone the implementation of new accounting standards for banks because of the legislative changes and additional capital requirements the process would entail, according to three senior officials familiar with the matter.
Banks and non-ban...
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RBI |
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Accepting of UIN of Foreign Diplomatic Missions/UN Organizations while making supplies
Posted Date : 23-Jan-2018 , 08:42:06 am | Posted By CASANSAAR
Complaints have been received from the Foreign Diplomatic Missions / UN Organizations regarding unwillingness of vendors / suppliers / E-commerce websites to record the UIN (Unique Identify Number) while making sales to such Embassies / Missions / Consulates or UN organizations.
It may be n...
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GST |
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Increase tax exemption limit to Rs 3 lakh - SEBI
Posted Date : 23-Jan-2018 , 08:39:57 am | Posted By CASANSAAR
With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said today.
The move will benefit around 75 lakh people, it said.
The SBI's Ecowrap report further said that if the exemption limit of ...
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Income Tax |
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ICAI clarification on Exemptions(s) from appearing in a paper(s) or Group of CA exams
Posted Date : 23-Jan-2018 , 08:36:59 am | Posted By CASANSAAR
Clarifications on the announcement dated 9th January 2018 on “Exemptions(s) from appearing in a paper(s) or Group of CA exams under the New Scheme of Education and Training w.e.f May 2018 examinations.
It is seen that queries are being raised whether a candidate who has passed one of the Gr...
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CA Exams |
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Printing of Union Budget documents 2018-19 begins
Posted Date : 22-Jan-2018 , 09:47:53 am | Posted By CASANSAAR
The printing of union budget documents 2018-19 started pm on Saturday with the traditional annual Halwa ceremony.
Finance Minister Arun Jaitley performed the symbolic Halwa ceremony along with Minister of State for Finance Shiv Pratap Shukla and other senior officials at North Block in New ...
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Budget |
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Last date for filing GSTR-3B for the month of Dec.17 extended
Posted Date : 20-Jan-2018 , 10:43:58 am | Posted By CASANSAAR
Tweet by GST for Last date for filing GSTR-3B for the month of Dec.2017 extended.
GST@GoIVerified account @askGST_GoI 6h6 hours ago
More
The last date for filing return in FORM GSTR-3B for the month of December, 2017 is extended by two days to 22nd Januar...
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GST |
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Defaulter of Income Tax TDS arrested and sent to jail by the Tis Hazari Court
Posted Date : 20-Jan-2018 , 10:07:07 pm | Posted By CASANSAAR
Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case. It was found during investigations that the company had deducted TDS but had not deposited in the Government account despite there bei...
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Income Tax |
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0 | Hits : 841
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TRAI recommends allowing mobile, Internet services during air travel
Posted Date : 20-Jan-2018 , 10:05:02 pm | Posted By CASANSAAR
Telecom Regulatory Authority of India today recommended allowing mobile and Internet services for passengers during air travel in the country through both satellite and terrestrial network. In its recommendation, the authority said, Internet and Mobile Communication on Aircraft service should be per...
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Shares & Stock |
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Sebi to accept only online filing of records from April 1
Posted Date : 20-Jan-2018 , 04:03:15 pm | Posted By CASANSAAR
Online filing of records related to offer documents, schemes of arrangement, takeovers and buybacks need to be submitted only online to Sebi from April 1, the markets regulator said on Friday.
In a circular, Sebi noted that the simultaneous filing of documents - physical and online- should start ...
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SEBI |
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Modi government has bad news for Indians dreaming of easy money via bitcoins
Posted Date : 20-Jan-2018 , 01:39:36 pm | Posted By CASANSAAR
Bitcoin, the cryptocurrency that has become the craze all over the world, is a hit with a lot of Indians too. More than $3.5 billion worth of transactions in the cryptocurrency have been conducted in India over a 17-month period, according to the income tax department. Bitcoin has the allure of any ...
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Bitcoins |
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Top banks suspend accounts of major Bitcoin exchanges in India
Posted Date : 20-Jan-2018 , 10:34:33 am | Posted By CASANSAAR
Top lenders including State Bank of India, Axis BankBSE 1.12 %, HDFC BankBSE 1.00 %, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions, three people aware of the development said.
The banks have also sought additional c...
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Banking |
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No error in the results of CA Final examination held in November 2017 declared on Jan. 17 - ICAI
Posted Date : 19-Jan-2018 , 06:17:45 am | Posted By CASANSAAR
PRESS RELEASE
The Institute of Chartered Accountants of India (ICAI) has clarified that there is no error in the results of CA Final examination held in November 2017 declared yesterday (17.01.2018).
As per the procedure, the CA Final results including marks scored by the candidates in indiv...
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CA Results |
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Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate
Posted Date : 18-Jan-2018 , 10:30:36 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarifications in respect of GST rate on Goods specified below as per discussions in the 25thGST Council Meeting held today. Thes...
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GST |
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Policy Changes recommended by the 25th GST Council Meeting
Posted Date : 18-Jan-2018 , 10:28:53 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The following Policy Changes have been recommended by the GST Council in its 25thmeeting held today:
The late fee payable by any registered person for failure to furnish&...
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GST |
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