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The Reserve Bank of India (RBI) is expected to reward the government next week for its efforts to reform the economy and bring its finances under control by announcing its first cut in interest rates in nine months.  The RBI has been growing in confidence that the governmen...

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Category : RBI | Comments : 0 | Hits : 210

In one of the rare direct appointment offers made by public sector banks, all-India chartered accountancy exam topper Prema Jayakumar has been offered a manager’s position in Indian Bank. RARE CASE   Prema’s achievement is creditable as she comes from a family with modest means...

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Category : ICAI | Comments : 0 | Hits : 1600

The UK's highest court has decided that chartered accountants are not as secret as lawyers, doctors and priests. City A.M. report that the Supreme Court said they are not protected by the same professional privilege. They are not immortal and in fact do not possess any super powers at all....

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Category : ICAI | Comments : 0 | Hits : 1022

J Rajasekhar Reddy, a visually-impaired man from Guntur, shows the victory sign after becoming India’s first blind CA in Hyderabad on Tuesday. Devnar Foundation correspondent Jyothi Goud is beside him. | A Radhakrishna   The vision to achieve his ch...

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Category : ICAI | Comments : 0 | Hits : 481

A special CBI judge held an income-tax officer of Mumbai guilty Thursday of accepting a bribe of Rs 75,000 and sentenced him to five years rigorous imprisonment.   Leeladhar Bangera was caught red-handed by CBI on March 19, 2010, demanding and receiving bribe from Anil Meh...

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Category : Income Tax | Comments : 0 | Hits : 361

The government today asked companies to ensure fair trade practices in their markets and restrain from anti-competitive activities that hurt consumers.To spread more awareness about healthy competition in market place, Corporate Affairs Minister Sachin Pilotalong with officials of fai...

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Category : Corporate Law | Comments : 0 | Hits : 210

The Reserve Bank on Thursday hiked FII investment limits in government securities and corporate bonds by $ 5 billion each, taking the total cap in domestic debt to $ 75 billion, with a view to bridging the current account deficit.   Further liberalising the norms, the...

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Category : RBI | Comments : 0 | Hits : 192

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

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

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 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

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

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 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

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 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

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

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

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

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

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

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

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

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 : 6466

  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

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

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

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

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, 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