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Public Debt Management for the Third Quarter of 2012-13 (Oct-Dec 2012) Released by Ministry of Finance
Posted Date : 24-Jan-2013 , 05:56:53 pm | Posted By CASANSAAR

The report on Public Debt Management for the third quarter of 2012-13 (Oct-Dec 2012) has been released by the Ministry of Finance and will be placed on the Ministry’s website i.e. www.finmin.nic.in today. The said report is attached here with as well.      &...

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Category : Finance | Comments : 0 | Hits : 119

Govt should consider higher taxes for 'very rich': Chidambaram
Posted Date : 24-Jan-2013 , 01:26:29 pm | Posted By CASANSAAR

Finance minister P Chidambaram, who has talked about a stable tax regime during his meetings with foreign investors in the last two days, has said that the argument for taxing the very rich "a little more" should be considered.   "I believe in stable tax rates. However,  i must...

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Category : Budget | Comments : 0 | Hits : 300

Salary Scales Tip in Favour of IIMs, not CAs
Posted Date : 24-Jan-2013 , 08:54:08 am | Posted By CASANSAAR

Prema Jayakumar, an auto driver's daughter and an unlikely topper in the Chartered Accountancy (CA) exam results announced on Monday, has simple ambitions. She wants to participate in the campus placements — in February and March — and land a job "in a corporate firm or a good bank". She...

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Category : ICAI | Comments : 0 | Hits : 1692

RBI bars foreign investors from buying more Pantaloon shares
Posted Date : 24-Jan-2013 , 08:05:08 am | Posted By CASANSAAR

RBI has barred foreign institutional investors (FIIs) from buying shares in Pantaloon Retail Ltd, after the company breached the overall limit of 24 percent of its paid-up capital. "No further purchases of shares of this company would be allowed through stock exchanges in India on beh...

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Category : Shares & Stock | Comments : 0 | Hits : 201

Aadhaar now must for new PF accounts
Posted Date : 24-Jan-2013 , 08:01:37 am | Posted By CASANSAAR

Anyone entering the formal sector workforce from March will have to get a UID number before they can enroll with the Employees’ Provident Fund. The EPFO will use Aadhaar to issue individual account numbers to its members, independent of employers.   “The Aadhaa...

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Category : General | Comments : 0 | Hits : 417

Budget 2013: Govt mulls higher tax exemption on savings schemes & tax savers to wean away investors from gold
Posted Date : 24-Jan-2013 , 07:56:59 am | Posted By CASANSAAR

The finance ministry may tweak tax exemption rules in the upcoming budget to makeinvestments in financial products more attractive than gold, two government officials familiar with the development said. The ministry is planning to raise the 80C exemption limit, under which 1 lakh is ...

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Category : Budget | Comments : 0 | Hits : 378

Sebi asks intermediaries to comply with ASBA norms
Posted Date : 23-Jan-2013 , 10:59:34 pm | Posted By CASANSAAR

Sebi on Wednesday asked merchant bankers and intermediaries to ensure that disclosures made in all offer documents submitted after March 1, 2013, should be compliant with norms in place for Application Supported by Blocked Amount (ASBA) facility. ASBA facility allows the application money to remain...

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Category : SEBI | Comments : 0 | Hits : 175

Charge prepayment penalty only on fixed rate loan dues: RBI
Posted Date : 23-Jan-2013 , 01:04:55 pm | Posted By CASANSAAR

Home loan borrowers who have opted for fixed rates may have easier terms on their mortgages as the Reserve Bank of India has advised banks to revise the penalty structure on prepayments and charge it only on the outstanding amount. It has also recommended that banks should focus on raising...

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Category : RBI | Comments : 0 | Hits : 332

Rajnath Singh is new BJP President
Posted Date : 23-Jan-2013 , 12:54:07 pm | Posted By CASANSAAR

Rajnath Singh was on Wednesday unanimously elected the new president of Bharatiya Janata Party, succeeding Nitin Gadkari who decided against a second term till he was cleared of alleged corruption charges.   A resolution supporting Rajnath Singh as party chief was unanimously adopted by the p...

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Category : General | Comments : 1 | Hits : 215

RBI directs urban co-op banks to extend interest subvention for exporters
Posted Date : 23-Jan-2013 , 09:39:08 am | Posted By CASANSAAR

With a view to encouraging exports, Reserve Bank of India, RBI has directed urban co-operative banks to extend interest subvention of 2 per cent for exporters in segments like handicraft, carpets,small and medium enterprises and certain engineering goods, by a year till March 2014. RBI in its n...

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Category : RBI | Comments : 0 | Hits : 228

Central Excise (INT) Unearths Servive Tax Evasion of Around Rs.90 Crore
Posted Date : 22-Jan-2013 , 07:00:41 pm | Posted By CASANSAAR

The Directorate General of Central Excise Intelligence (Hqrs.), New Delhi has booked a case of Service Tax evasion against M/s Tops Security Limited, Mumbai. The search operations at 41 offices of the Tops Security Group revealed that the group was raising invoices including Service Tax payable on i...

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Category : Excise | Comments : 0 | Hits : 303

Auto driver's daughter is national topper in CA exams
Posted Date : 22-Jan-2013 , 02:19:09 pm | Posted By CASANSAAR

The dream of a lifetime materialised for Prema Jayakumar yesterday, when the 24-year-old topped the nation-wide Chartered Accountancy exam in her first attempt. Prema, whose father drives an auto for a living, is now determined to use the milestone as a stepping-stone towards providing her parents w...

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Category : Students Zone | Comments : 0 | Hits : 3343

FDI in retail: How will you protect small traders, SC asks govt
Posted Date : 22-Jan-2013 , 01:50:55 pm | Posted By CASANSAAR

Amidst protest against the 49 percent FDI in multi-brand retail which was passed by the government, the Supreme Court on Tuesday added pressure on the centre by asking how it was going to protect the interest of the small traders. Under the bill, major foreign retail companies such as Wal...

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Category : International Business | Comments : 0 | Hits : 273

JBT scam: Om Prakash Chautala, Ajay Chautala get 10 year each in jail
Posted Date : 22-Jan-2013 , 12:53:26 pm | Posted By CASANSAAR

A Delhi court on Tuesday sentenced former Haryana chief minister Om Prakash Chautala to ten years in prison after he, his son Ajay Chautala and 53 others were found guilty of illegally recruiting 3,206 junior basic trained (JBT) teachers in the state in the year 2000.  The ...

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Category : General | Comments : 0 | Hits : 295

Sebi asks banks, NBFCs to separate investment advisory services
Posted Date : 22-Jan-2013 , 09:07:55 am | Posted By CASANSAAR

Market regulator Securities and Exchange Board of India ( Sebi) today said investment advisers who are banks, non-banking financial companies (NBFCs) and corporates will have to segregate investment advisory services from other activities.   Sebi, which today notified Inve...

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Category : SEBI | Comments : 0 | Hits : 302

RBI allows hotels to prepay loans through ECBs
Posted Date : 22-Jan-2013 , 09:05:41 am | Posted By CASANSAAR

Indian companies in the hotel sector (with a total project cost of Rs 250 crore or more), irrespective of their geographical location, have been allowed to tap the external commercial borrowing (ECB) route.   The ECBs will be for repayment of outstanding rupee loan(s) and/or for fre...

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Category : RBI | Comments : 0 | Hits : 255

Pass Percentage & List of Toppers in CA Final Nov 2012 & CPT (Paper Pencil Mode)
Posted Date : 22-Jan-2013 , 08:49:25 am | Posted By CASANSAAR

CA FINAL The Institute of Chartered Accountants of India (ICAI) announced the  results of Chartered Accountants Final Examination held in Nov, 2012 on 21.01.2013.   The top three rank holders on all India basis of Chartered Accountants FinalExamination...

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Category : Students Zone | Comments : 0 | Hits : 6464

Procedure for providing inspection/certified copies of evaluated answer-books to CA students
Posted Date : 21-Jan-2013 , 06:00:32 pm | Posted By CASANSAAR

  Procedure for providing inspection/certified copies of evaluated answer-books to the concerned examinees A. General: 1. The procedure laid down hereinafter specifically applies to providing inspection and /or certified copies of answer books relating to November 2011 examina...

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Category : Students Zone | Comments : 0 | Hits : 1519

Government raises import duty on gold to 6%
Posted Date : 21-Jan-2013 , 05:30:34 pm | Posted By CASANSAAR

The government has hiked the import duty on gold from 4 per cent to 6 per cent with immediate effect. The decision is aimed to rein in spending on gold by around a third to $38 billion in the fiscal year that ends in March. "... given the country's worrying current account deficit, we may be left w...

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Category : Custom | Comments : 0 | Hits : 367

I-T Department Shifts From Mayur Bhawan To Civic Centre
Posted Date : 21-Jan-2013 , 02:08:52 pm | Posted By CASANSAAR

Taxpayers in the national capital will from now on have to go to Civic Centre instead of Mayur Bhawan for filing returns and other services. The Mayur Bhawan I-T building at Barakhamba road used to serve the salaried, non-corporate and exemptions taxpayers residing in and around Delhi. The office i...

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Category : Income Tax | Comments : 0 | Hits : 664

Result of the Chartered Accountants Final Examination held in November, 2012 and Common Proficiency Test (CPT) held in December, 2012 are likely to be declared on Monday, the 21st January, 2013
Posted Date : 21-Jan-2013 , 09:03:30 am | Posted By CASANSAAR

The result of the Chartered Accountants Final Examination held in November, 2012 and CommonProficiency Test (CPT) held in December, 2012 are likely to be declared on Monday, the 21st January,2013 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55%and ab...

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Category : Students Zone | Comments : 0 | Hits : 1174

Result of the Information Systems Audit [ISA] Assessment Test held on 22nd December, 2012 is likely to be declared tentatively on 21st January, 2013
Posted Date : 21-Jan-2013 , 09:03:05 am | Posted By CASANSAAR

IMPORTANT ANNOUNCEMENT 11th January, 2013    The result of the Information Systems Audit [ISA] Assessment Test held on 22nd December, 2012 is likely to be declared tentatively on 21st January, 2013 around 2.00 PM at the Institute’s office at New Delhi.The result of the above Assess...

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Category : ICAI | Comments : 0 | Hits : 310

Google moves AAR to settle tax row, I-T department imposed a Rs 76-cr penalty on company
Posted Date : 21-Jan-2013 , 08:59:27 am | Posted By CASANSAAR

Google, mired in tax controversies in different jurisdictions, wants a quick decision on its dispute with Indian tax authorities. Google Ireland has moved theAuthority for Advance Rulings (AAR) to determine the tax liability here.   According to the Indian tax department, Googl...

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Category : Income Tax | Comments : 0 | Hits : 304

Robbers clean out 40 lockers at Jalandhar bank
Posted Date : 21-Jan-2013 , 08:50:06 am | Posted By CASANSAAR

Jewellery and cash were stolen from 40 lockers in a daring break-in at the Punjab and Sind Bank branch on Pathankot road. Robbers broke into the strongroom by cutting through the thick iron gate with a gas cutter and opened the lockers the same way. Notes of 1,000rupee denominati...

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Category : Banking | Comments : 0 | Hits : 383

Banking system shows signs of instability on rising NPAs: RBI
Posted Date : 20-Jan-2013 , 01:42:24 pm | Posted By CASANSAAR

The banking system has recently shown signs of moderate rise in instability due to increase in non-performing assets (NPAs), the Reserve Bank has said in a working paper. "The movements in the banking stability indicator...that there are symptoms of a moderate rise in instability of the banking sec...

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Category : RBI | Comments : 0 | Hits : 273

Rahul Gandhi appointed Congress’ Vice President
Posted Date : 19-Jan-2013 , 10:25:28 pm | Posted By CASANSAAR

In a much awaited decision, the Congress party on Saturday appointed the 42-year-oldRahul Gandhi as its vice president.    The Congress Working Committee (CWC), meeting here on the sidelines of the party’s two-day ‘Chintan Shivir’, passed a resolutio...

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Category : General | Comments : 0 | Hits : 214

New President & Vice-President of ICSI for the Year 2013
Posted Date : 19-Jan-2013 , 08:04:43 pm | Posted By CASANSAAR

President of ICSI for 2013.    Vice-President of ICSI for 2013 CS.S N Ananthasubramanian     CS.Harish Kumar Vaid   CS S. N. Ananthasubramanian has been elected as the PRESIDENT of the Council of the  Institute...

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Category : ICSI | Comments : 0 | Hits : 378

GET free of cost 10 unstructured CPE hours on a Self declaration
Posted Date : 19-Jan-2013 , 11:35:41 am | Posted By CASANSAAR

You can get 10 CPE hours after sending a self declaration on prescribed format on the following address:-   To, The Secretary (CPE Committee) The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg New Delhi - 110 002 Last date of sending Self Declaration is 31st. Ma...

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Category : ICAI | Comments : 1 | Hits : 6563

Personal appearance for FEMA related cases optional: RBI
Posted Date : 19-Jan-2013 , 09:01:56 am | Posted By CASANSAAR

The Reserve Bank Friday said personal appearance before the compounding authority in FEMA cases is not mandatory and has no bearing on the penalty imposed. "... Appearing for a personal hearing before the compounding authority is optional and the applicant can choose not to appear for it," RBI said...

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Category : RBI | Comments : 0 | Hits : 228

Sebi relaxes margin requirement under OFS
Posted Date : 18-Jan-2013 , 08:04:59 pm | Posted By CASANSAAR

Capital market regulator Securities and Exchange Board of India (Sebi) today made further relaxation to the offer for sale (OFS) route by giving an option to institutional investors to bid without 100 upfront payments.   Along with the complete upfront margin, institutions will now be able to...

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Category : SEBI | Comments : 0 | Hits : 193

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