Foreign Rail Technology Co-Operation Scheme Proposed to be Launched
Posted Date : 26-Feb-2015 , 02:12:20 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced the proposal to launch “Foreign Rail Technology Cooperation Scheme” in order to achieve the higher quality service for our nation. Presenting the Railway Budget for 2015-16 in Parliament today he said that Technology i...
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Budget |
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Train Protection Warning System & Train Collision Avoidance System on Select Routes
Posted Date : 26-Feb-2015 , 02:11:27 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced that Railways proposes to install Train Protection Warning System and Train Collision Avoidance System on select routes at the earliest. Presenting the Railway Budget for 2015-16 in Parliament today, he informed the members that t...
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Budget |
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Railways Intends to set up an Innovation Council Called
Posted Date : 26-Feb-2015 , 02:10:44 pm | Posted By CASANSAAR
The Union Railway Minister Shri Suresh Prabhakar Prabhu has announced the Railways intends to set up an innovation council called “Kayakalp” for the purpose of business re-engineering and introducing a spirit of innovation in Railways in accordance with the vision of Hon’ble Prime ...
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Budget |
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Financial Performance of Railways during 2014-15
Posted Date : 26-Feb-2015 , 02:09:49 pm | Posted By CASANSAAR
Railway Minister Shri Suresh Prabhkar Prabhu has said that the passenger earnings which were budgeted to increase by 22.2% have been scaled down to 17.7% keeping in view the persistent negative growth trend, particularly in non suburban non-PRS segment of travel. Presenting the Railway Budget 2015-1...
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Budget |
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SMS Alert Service for Arrival/Departure Time of Trains
Posted Date : 26-Feb-2015 , 02:09:02 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that it is proposed to introduce an “SMS Alert” service to inform passengers in advance the updated arrival/departure time of trains at starting or destination stations. Similarly SMS alert would be sent 15/30 minutes in adva...
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Budget |
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Railways to Integrate Best Food Chains for E-Catering
Posted Date : 26-Feb-2015 , 02:08:23 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that to provide freedom to passengers to select their meals from an array of choices including local cuisine, e-catering has been introduced in 108 trains on an experimental basis from January this year. Food can be ordered through the I...
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Budget |
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Mobile Phone Charging Facilities to be Provided in General Class Coaches
Posted Date : 26-Feb-2015 , 02:07:44 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has said that Indian Railways’ Delhi Division is taking up a project for introducing on-board entertainment on select Shatabdi trains on license fee basis. He said,depending on the response, the facility will be extended on all Shatabdi tra...
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Budget |
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Railway Minister Outlines Four Goals for Transforming Indian Railways over next Five Years
Posted Date : 26-Feb-2015 , 01:33:26 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu has outlined four goals for Indian Railways to transform it over the next five years. These goals are:
a) To deliver a sustained and measurable improvement in customer experience, the Indian Railways is launching initiatives that will sy...
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Budget |
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Railway Minister Spells Out Five Point Execution Strategy for Transforming Indian Railways
Posted Date : 26-Feb-2015 , 01:32:27 pm | Posted By CASANSAAR
The Minister of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget 2015-16 in Parliament today has said that the goals of transforming Indian Railways will be achieved with a five point execution strategy. These are:
a) Adopting a medium-term perspective:
Budget...
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Budget |
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Rail Budget 2015 - Live Updates
Posted Date : 26-Feb-2015 , 01:20:59 pm | Posted By CASANSAAR
FOR all Live Updates on Rail Budget just refresh it or press F5. - PRABHU KI RAIL....
Suresh Prabhu has ended his Rail Budget speech.
Review being done so that we can introduce new trains. It will be done in this budget session itself.
New trains and increased frequency wi...
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Budget |
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First time Rail Budget by a Chartered Accountant (Railway Minister Suresh Prabhu) - Good Luck
Posted Date : 26-Feb-2015 , 10:17:16 am | Posted By CASANSAAR
Proud Moment for CA Fraternity, Our Professional Colleague who is a Railway Minister in Union Govt of India is going to present his first Rail Budget.
Wishing Good Luck to CA Suresh Prabhu by team & members of CASANSAAR.
With the aim of clearing the financial and adm...
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Budget |
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Pan India Mobile number portability from May 3
Posted Date : 26-Feb-2015 , 08:03:57 am | Posted By CASANSAAR
From May 3, subscribers will be able to retain the same mobile number on relocating to anywhere in India. The Telecom Regulatory Authority of India amended the mobile number portability (MNP) regulations yesterday to allow users to change their service provider in any part of the country while retai...
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General |
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Creation of two additional benches of the Authority for Advance Rulings (Income Tax)
Posted Date : 26-Feb-2015 , 08:02:47 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to the following:- i. Creation of two additional benches of the Authority for Advance Rulings (Income Tax), one in New Delhi and one new bench in Mumbai; ii. creation of two posts of Vice-Chairmen ...
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Income Tax |
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PM
Posted Date : 25-Feb-2015 , 08:53:00 am | Posted By CASANSAAR
Financial inclusion initiatives in the country, including Jan-Dhan Yojana, Prime Minister Narendra Modi's pet project for the financial sector, is facing an unexpected hurdle in the form of high service tax because of an anomaly in tax rules. As a result, banks and banking corres...
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Service Tax |
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More than 7 years after CBDT circular, difference between business income & capital gains unclear
Posted Date : 25-Feb-2015 , 08:41:04 am | Posted By CASANSAAR
After more than seven-and-a-half years of Central Board of Direct Taxes’ (CBDT) circular, which sought to differentiate cash market earnings as business income and capital gains, there is still no clarity on the subject.
The circular, issued in June 2007, had said that purchase and sa...
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Income Tax |
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14th Finance Commission (FFC) Report Tabled in Parliament
Posted Date : 25-Feb-2015 , 08:30:45 am | Posted By CASANSAAR
14th Finance Commission (FFC) Report Tabled in Parliament; FFC Recommends by Majority Decision that the States’ Share in the Net Proceeds of the Union Tax Revenues be Raised to 42% Which is a Huge Jump from the 32% Recommended by the 13th Finance Commission
Article 280 of ...
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Budget |
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As a producer it is humiliating that we pay a star
Posted Date : 24-Feb-2015 , 01:55:28 pm | Posted By CASANSAAR
Films today are not failing, budgets are. Producers are losing their monies in most movies, barring a few and the reason for that, of course, is the costs not being in line with the final box office numbers. While there are costs that add to the quality of the film, there are a few that are non-prod...
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ICAI |
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New accounting norms to impact financial statement reporting: ICAI
Posted Date : 24-Feb-2015 , 08:21:59 am | Posted By CASANSAAR
With the implementation of the international reporting standards, sectors including infrastructure and financial services may be impacted while those related to manufacturing will not see much adverse impact, according to the institute of chartered accountants of India (ICAI).
The newl...
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ICAI |
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Bank strike called off; Unions, IBA agree on 15% wage hike
Posted Date : 24-Feb-2015 , 08:20:39 am | Posted By CASANSAAR
Public sector bank employee unions Monday withdrew their call for a four-day nationwide strike, with the management agreeing to a 15 percent hike in wages at an extra burden of Rs 4,725 crore a year and acceding to the demand for holiday on second and fourth Saturdays.
The banks, however, will work...
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Bank |
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Don't rush into setting up NFRA - ICAI President
Posted Date : 24-Feb-2015 , 08:19:13 am | Posted By CASANSAAR
Manoj Fadnis, newly elected president of The Institute of Chartered Accountants of India (ICAI), said on Monday the setting up of a National Financial Reporting Authority (NFRA) should not be rushed.
Its domain would overlap with ICAI in many ways and Fadnis, elected the latter's ...
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ICAI |
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Public sector banks to remain closed on 2nd, 4th Saturdays
Posted Date : 24-Feb-2015 , 08:06:28 am | Posted By CASANSAAR
Second and fourth Saturdays will henceforth be holidays for banks. The remaining Saturdays in a month will be full working days.
This was one of the agreements arrived at the meeting of the Indian Banks' Association with associations of bank employees and staff in Mumbai on Monday.
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Banking |
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Guidance Note on Audit of Banks 2015 released by ICAI
Posted Date : 23-Feb-2015 , 12:22:56 pm | Posted By CASANSAAR
The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued the Guidance Note on Audit of Banks 2015 edition. For the benefit of members, complete text of the Guidance Note and the contents of accompanying CD can be downloaded at:
Guidance Note o...
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Auditing |
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Budget session of Parliament begins today
Posted Date : 23-Feb-2015 , 08:06:40 am | Posted By CASANSAAR
The budget session of Parliament is beginning today. The session will begin with President Pranab Mukherjee's address to members of both houses of Parliament. Meanwhile, the Government has sought cooperation from party leaders in both the Houses for smooth functioning of the session. Prime Mini...
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Budget |
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WhatsApp Voice Calling Feature Available on Android, Need a Invite to Get It
Posted Date : 21-Feb-2015 , 10:23:58 pm | Posted By CASANSAAR
A cross platform messaging app, Whatsapp messenger, which allows user to send messages, now added the latest feature of voice calling. To get this feature, Android users need to update to the latest version and then find out a friend who already has the feature. After this, your friend, who has who ...
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Income Tax |
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PSU bank unions threaten 4-day nation-wide strike from Feb 25
Posted Date : 21-Feb-2015 , 01:23:14 pm | Posted By CASANSAAR
The nation-wide strike is to press for the wage-related demands of bankers.
"Banks have been providing for a 15 per cent wage hike since November 2012. Thus, banks already have incorporated wage increase of 15 per cent into their accounting but their offering is 13 per cent only.
"This is not acce...
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Banking |
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CA Deepak Garg may be the next Chariman of NIRC
Posted Date : 21-Feb-2015 , 09:17:31 am | Posted By CASANSAAR
CA Deepak Garg may be the next chairman of NIRC for the FY 2015-16. He has the support of more then seven Regional Council Members out of thirteen & Few CC Members are also in the support of CA Deepak Garg as per reliable sources. Next Week RC Members will elect new NIRC Chairman....
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ICAI |
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ICAI signs MoU with Global Accounting Body
Posted Date : 21-Feb-2015 , 09:01:04 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) and UK-based The Association of Chartered Certified Accountants (ACCA) today inked a pact to work towards co-operation in respect of professional training, education and examinations. The Memorandum of Understanding (MoU) will open new avenues f...
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ICAI |
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Indian Insurance Companies (Foreign Investment) Rules, 2015 Notified
Posted Date : 21-Feb-2015 , 08:55:52 am | Posted By CASANSAAR
Indian Insurance Companies (Foreign Investment) Rules, 2015 Notified; Foreign Equity Investment Cap of 49 Per Cent Applicable to All Indian Insurance Companies; Foreign Direct Investment (FDI) Proposals up to 26 Per Cent of the Total Paid-Up Equity of the Indian Insurance Company All...
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Finance |
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Govt launches single window e-biz portal to foster business environment
Posted Date : 20-Feb-2015 , 08:44:32 am | Posted By CASANSAAR
The government has launched a single window e-Biz portal for 11 Central government services to bring transparency and ease of doing business in the country. Launching the portal in New Delhi yesterday, Finance Minister Arun Jaitley said, the project will help in fostering the business environment in...
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Corporate Law |
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Govt Constitutes Panel to advise MCA on 'progressive use' of Hindi
Posted Date : 20-Feb-2015 , 08:22:37 am | Posted By CASANSAAR
A panel, that includes Parliamentarians, will render advise to the Ministry of Corporate Affairs on "progressive use" of Hindi language.
The 'Hindi Salahkar Samiti' would have members from the Lok Sabha, the Rajya Sabha as well as representatives from the voluntary organisatio...
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Corporate Law |
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