Banks facing cash crunch want additional borrowing window from RBI on every Saturday
Posted Date : 09-Feb-2015 , 08:25:51 am | Posted By CASANSAAR
A liquidity mismatch in the banking system prompted the RBI to step in on Saturday and offer a two-day window to banks to tide over the situation.
On Friday, rates in the collateralized borrowing and lending obligation (CBLO) — a facility through which banks can adjust their liqui...
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Banking |
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Black money in stock markets: SEBI to suspend shell companies
Posted Date : 09-Feb-2015 , 08:21:12 am | Posted By CASANSAAR
Cracking its whip on entities using stock markets for evading taxes and laundering black money, the Securities and Exchange Board of India (Sebi) has decided to suspend trading in listed companies that are found to be used by such manipulators.
The capital market watchdog has identified thr...
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SEBI |
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CASANSAAR offers 20% Discount on Website Development on the occasion of its 5th Birthday
Posted Date : 08-Feb-2015 , 09:32:41 am | Posted By CASANSAAR
We are really grateful to all of you as with your support, love and blessings today we are succeeded to some extent in becoming a helping hand for our Professional fellows.
It’s not possible to revert anything in return of your love, support and blessings but as a small token of g...
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General |
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Government Decides to Infuse Rs.6990 Crores in Nine Public Sector Banks (PSBs)
Posted Date : 07-Feb-2015 , 09:01:37 pm | Posted By CASANSAAR
Out of the current year’s budget, the Government of India has decided to infuse Rs.6990 crores in nine Public Sector Banks (PSBs) for which orders are being issued. This year, the Government of India has adopted a new criteria in which the banks which are more efficient would only be...
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Banking |
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Auditors raise red flag over Jet Airways
Posted Date : 07-Feb-2015 , 08:54:41 pm | Posted By CASANSAAR
Auditors of Jet Airways have raised red flag over the carrier’s ‘going concern’ status, saying the assumption is dependent on various factors including its synergy with Etihad and ability to raise funds.
A company is termed as a ‘going concern’ if it has suffic...
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Auditing |
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Nuns, priests in Govt service have to pay income tax: Kerala HC
Posted Date : 07-Feb-2015 , 08:52:15 am | Posted By CASANSAAR
Kerala High Court on Friday has held that the priests and nuns drawing government salary were liable to pay income tax. Justice A K Jayasankaran Nambiar said that if the salary of priests and nuns working in government-aided institutions is submitted to the common pool of their congregation, such co...
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Income Tax |
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New Indian Accounting Standards to be notified by March 2015 - MCA
Posted Date : 06-Feb-2015 , 06:14:58 pm | Posted By CASANSAAR
The Central Government will the notify adoption of the proposed Indian Accounting Standards (Ind AS), the converged Indian version of International Financial Reporting Standards (IFRS), by March. The Ind AS will come into effect for the first time in 2016-17 Indian corporate balance sheets. Stock ex...
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Corporate Law |
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Listed companies spent Rs 1600 cr on Audit Fees during 2013-14
Posted Date : 06-Feb-2015 , 08:45:49 am | Posted By CASANSAAR
Listed firms doled out nearly Rs 1,600 crore in terms of audit fee during 2013-14 financial year and about one-fourth of this amount was pocketed by 'big four' accounting firms.
According to a report by Prime Database, as many as 1,404 listed companies paid a total audit fee of 1,598 crore in...
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Auditing |
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0 | Hits : 1962
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FMC issues norms for implementing provisions of PML Act
Posted Date : 06-Feb-2015 , 08:34:49 am | Posted By CASANSAAR
In a bid to prevent money laundering and to combat financing terrorism, the Forward Markets Commission-FMC has issued guidelines for commodity markets.The guidelines, to be implemented with immediate effect, are broadly related to maintaining and monitoring of records of all transactions to help tra...
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Shares & Stock |
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Auditors could face up to 10 years of Jail for falling to report Frauds
Posted Date : 06-Feb-2015 , 08:28:11 am | Posted By CASANSAAR
Auditors are prodding the companies they audit to set their house in order before April next year, from when issues like fraud in a firm they examine could land them in jail. Under the new Companies Act, the board of directors and the auditors will be held responsible for fraud or discrepancies in c...
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Auditing |
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RBI releases Names of Applicants of Small Finance Banks and Payments Banks
Posted Date : 05-Feb-2015 , 08:24:23 am | Posted By CASANSAAR
Government-owned Department of Posts or India Post, Tech Mahindra, NSDL and NSE Strategic Investment Corporation are the surprise applicants for a payment bank licence, apart from the already known big names like Mukesh Ambani-owned Reliance Industries, Bharti Airtel’s Airtel M Commerce Servic...
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RBI |
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National Helpline for Members and Students launched by ICAI
Posted Date : 05-Feb-2015 , 08:07:39 am | Posted By CASANSAAR
We are pleased to inform our members and students that ICAI National Helpline has been launched by Chief Guest Hon’ble Union Minister for Railways Shri CA. Suresh Prabhu, during the inaugural session of the International Conference held at Bangalore.ICAI National Helpline is an I...
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ICAI |
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RBI allows banks to offer deposit schemes which can't be broken prematurely
Posted Date : 05-Feb-2015 , 08:02:18 am | Posted By CASANSAAR
Depositors who place their savings with a bank earn differential rates of interest based on the size of deposit — less than Rs 1 crore and above Rs 1 crore — and on the tenor of the deposit — the longer the period, more the interest. Additionally deposits up to Rs 1 crore can be wi...
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RBI |
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Mark Sheet of CA IPCC Nov 2014 Toppers
Posted Date : 05-Feb-2015 , 07:46:20 am | Posted By CASANSAAR
Mark Sheet of CA IPCC Nov 2014 - Rank 1
Add caption
Mark Sheet of CA IPCC Nov 2014 - Rank 2
Mark Sheet of CA IPCC Nov 2014 - Rank 3
...
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Students Zone |
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List of Toppers of CA IPCC Nov 2014 Exams
Posted Date : 04-Feb-2015 , 06:49:02 pm | Posted By CASANSAAR
List of Toppers of CA IPCC Nov 2014 Exams.
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Students Zone |
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Pass Percentage of CA IPCC Nov.2014 Exams
Posted Date : 04-Feb-2015 , 06:29:27 pm | Posted By CASANSAAR
IPCC November results are declared by ICAI, with the results the ICAI also announced the pass percentage of the IPCC November 2014 exams. Details of no. of students appeared, Passing ratio % of IPCC Nov 2014 exam will be given below.
The Total Pass percentage for both the group is 6.20...
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Students Zone |
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RBI Increases Limit for Foreign Spending to $250000/Person
Posted Date : 04-Feb-2015 , 08:51:46 am | Posted By CASANSAAR
The Reserve Bank of India on Tuesday increased the amount Indians can invest or spend abroad in foreign exchange without seeking its permission. Individuals can now buy property abroad, hold shares or debt instruments, or any other assets or purchase gifts up to limit of $250,000 (Rs 1.5 crore) per ...
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RBI |
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I-T dept to step up Prosecution against TDS defaulters
Posted Date : 04-Feb-2015 , 08:49:02 am | Posted By CASANSAAR
Concerned over latest shortfall in TDS revenue collections, the Income Tax department has decided to enhance prosecution action against large defaulters with the help of its specialised electronic database and processing centre created for this exclusive task. The department's Central Processin...
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Income Tax |
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Banks will now be able to convert loans into shares for taking over firms from truant borrowers
Posted Date : 04-Feb-2015 , 08:42:31 am | Posted By CASANSAAR
Banks will soon have the power to convert loans into shares for taking over companies from truant borrowers while promoters who step in to turn around projects will have some breathing space. Lenders will be allowed to hold as much as 30% equity in a company and insert a conversion clause in loan do...
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Banking |
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IRCTC: Now, Cash on Delivery of train tickets
Posted Date : 04-Feb-2015 , 08:29:44 am | Posted By CASANSAAR
You can now book a rail ticket online and get it delivered at home where the payment can be made.
Initiating this "cash on delivery" (CoD) system rail ticketing, IRCTC is targeting those customers who are reluctant to use their credit or debit cards as well as those who don't have...
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General |
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RBI receives more than 100 applicants for small & payments Banks
Posted Date : 03-Feb-2015 , 10:15:59 pm | Posted By CASANSAAR
Reserve Bank of India today said it has received 72 applications for small finance banks and 41 applications for payment banks. Top corporate houses such as Reliance Industries Limited, Aditya Birla Group, Airtel, Vodafone and Future Group have approached the RBI to seek licences to set up small fin...
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Banking |
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Petrol Price Down by Rs 2.42 per litre, Diesel by Rs 2.25
Posted Date : 03-Feb-2015 , 05:51:13 pm | Posted By CASANSAAR
The price of petrol was today slashed by Rs 2.42 per litre while that of diesel was reduced by Rs 2.25, Press Trust of India reported. This is the tenth cut in the price of petrol since August last, and the sixth in case of diesel since its regulation in October.
Fuel prices were last revised on Ja...
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General |
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RBI keeps repo rate steady at 7.75 pct, cuts Banks SLR by 50 bps
Posted Date : 03-Feb-2015 , 11:21:51 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday held interest rates steady at 7.75 per cent after easing monetary policy just three weeks ago, leaving its next move probably until after the government presents its annual budget at the end of this month.
Instead, the Reserve Bank of India cut the...
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RBI |
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Give names of unclaimed deposit a/c on website: RBI to banks
Posted Date : 03-Feb-2015 , 07:17:46 am | Posted By CASANSAAR
In a bid to help people who have unclaimed deposits lying with banks, RBI today directed banks to prominently display such account holders' names on the websites and provide them with a "Find" option to locate the information easily.
Banks should complete the action by March 31,...
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RBI |
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On-line facility for seeking change of Centre/Group/Medium for appearing in CA examinations - ICAI
Posted Date : 02-Feb-2015 , 09:40:07 pm | Posted By CASANSAAR
It is found that some candidates while filling the examination application form (either online orphysical ) do not exercise reasonable care and commit errors and seek change ofCentre/Group/Medium, on account of errors committed by them in their examination applicationforms, after submission.
...
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Students Zone |
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ICAI to launch new curriculum in 2016 targeting foreign jobs
Posted Date : 02-Feb-2015 , 06:40:58 pm | Posted By CASANSAAR
Keeping in mind the international job market for Indian Chartered Accountants, Institute of Chartered Accountant ofIndia (ICAI) is preparing a new curriculum, to be launched in 2016, ICAI officials said today.
"There is plenty of opportunity for our CAs in foreign countries. Our new curr...
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Students Zone |
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Shortfall in TDS collections: CBDT asks I-T department to act
Posted Date : 02-Feb-2015 , 08:04:55 am | Posted By CASANSAAR
Worried over a huge shortfall in TDS collections, CBDT has asked the Income Tax department to pull up its socks and initiate special measures to achieve the direct taxes collection target for this fiscal.Officials said the instructions were issued last week after a high-level 'video conference' meet...
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Income Tax |
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RBI constitutes high level panel on urban cooperative banks
Posted Date : 31-Jan-2015 , 08:38:31 am | Posted By CASANSAAR
RBI has constituted a High Powered Committee under the Chairmanship of Deputy Governor R Gandhi to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector.
The committee will examine the line of businesses that UCBs may b...
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RBI |
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Assocham, ICAI set up virtual centre for MSMEs' development
Posted Date : 30-Jan-2015 , 08:07:46 pm | Posted By CASANSAAR
Industry body Assocham and the Institute of Cost Accountants of India (ICAI) have jointly set up the country's first 'Virtual Centre for Development of MSMEs'.
"The Centre will cater as a facilitator to MSMEs by addressing their issues, connecting them to global research a...
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ICAI |
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Gold award for the Income Tax Department under National Award on E-Governance 2014-15
Posted Date : 30-Jan-2015 , 07:55:03 pm | Posted By CASANSAAR
The Income Tax Department has been awarded GOLD by the Government of India under category “Cat-I-Excellence in Government Process Re-engineering” for National Award on e-governance 2014-15. The award has been conferred for “TDS Reconciliation Analysis & Correction Enabling Syst...
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Income Tax |
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