NITI Aayog: PM Narendra Modi appoints 10 members
Posted Date : 05-Jan-2015 , 10:08:57 pm | Posted By CASANSAAR
Arvind Panagariya, a free-market economist who teaches at Columbia University in the US, was appointed on Monday as the first Vice Chairman of the newly-created NITI Aayog along with six members and three special invitees.
Economist Bibek Debroy and former DRDO chief V K Saraswat ...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1200
|
 |
Last date for CPE hours requirement for the Year 2014 extended to 31st Match 2015
Posted Date : 05-Jan-2015 , 04:37:12 pm | Posted By CASANSAAR
Dear Professional Colleagues,
Subject: Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2014” - from 31st December, 2014 to 31st March, 2015
We would like to inform you that it has been decided to extend the ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1433
|
|
CASANSAAR Placement Cell for Chartered Accountants (For Job Seekers & Job Recruiters)
Posted Date : 05-Jan-2015 , 08:47:35 am | Posted By CASANSAAR
CASANSAAR is pleased to announce the launch of CASANSAAR Placement Cell for Chartered Accountants. This Cell will assist Job Seekers & Job Recruiters for best fit..
If you have requirement of CA's in your office / Firm / Company then you can contact&nb...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1708
|
|
Government to implement new Companies Act that includes setting up IEPFA and NFRA
Posted Date : 05-Jan-2015 , 08:39:49 am | Posted By CASANSAAR
The corporate affairs ministry has charted its road map for full implementation of the new Companies Act that envisages setting up Investor Education and Protection Fund Authority (IEPFA) and National Financial Reporting Authority (NFRA) within six months.The government is already in final stages of...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1094
|
|
Check your tax office jurisdiction before filing returns
Posted Date : 05-Jan-2015 , 08:35:52 am | Posted By CASANSAAR
Check details about your new tax assessment range if you are going to file Income Tax returns, apply for refunds or conduct any I-T related business in future. A huge cadre restructuring in the I-T department, with the creation of over 20,700 posts recently, has brought about a number of change...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1419
|
|
Need to clean up bad debts in banks within a year: RBI
Posted Date : 04-Jan-2015 , 10:15:47 am | Posted By CASANSAAR
Reserve Bank Governor Raghuram Rajan on Saturday made a strong case for cleaning up bad debts of banks and restructure other possible NPAs within a year to put the economy back on track.
He also favoured channelising "full savings" of the households into the financial system so that requisi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 922
|
|
Govt comes out with roadmap for new accounting standards
Posted Date : 04-Jan-2015 , 10:08:56 am | Posted By CASANSAAR
The ministry of corporate affairs (MCA) has drawn up a revised roadmap for companies for implementation of the Indian Accounting Standards (Ind AS) converged with the International Financial Reporting Standards (IFRS) for companies other than banking companies, insurance companies and NBFCs. The min...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1183
|
|
Cashless transaction is one of the solutions to the menace of black money: PM
Posted Date : 03-Jan-2015 , 04:27:58 pm | Posted By CASANSAAR
Prime Minister Narendra Modi has said that cashless transaction is one of the solutions to the menace of black money. Addressing ICICI Foundation Day function in Mumbai Friday evening, Mr Modi advised banks to go for cashless transactions, which can help the government in rooting out the black money...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1088
|
|
RBI directs payment firms to display company name in products
Posted Date : 02-Jan-2015 , 09:12:38 pm | Posted By CASANSAAR
Reserve Bank has directed entities offering services such as e-wallets, smart cards and White Label ATMs to prominently display their company name in products to ensure transparency.
"All the information available to the public regarding the product, whether as advertisements, on website, applicati...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1080
|
|
Excise Duty On Petrol And Diesel Increased By Rs 2/Litre
Posted Date : 02-Jan-2015 , 05:21:30 pm | Posted By CASANSAAR
Excise duty on branded and unbranded petrol and diesel has been increased by Rs 2 per litre. "Govt has decided to increase basic excise duty on petrol & diesel by Rs 2/litre for infrastructure development, especially building15000 km of road," Oil Minister Dharmendra Pradhan tweeted. The increas...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 899
|
|
Houses with assets over Rs 1 thousand crore with NBFCs can
Posted Date : 02-Jan-2015 , 09:11:47 am | Posted By CASANSAAR
The Reserve Bank of India on Thursday clarified that business houses with assets above Rs 1,000 crore with finance companies will not be eligible to apply for a small bank license. The regulator also said that existing non-banking finance companies have to fold their operations into the small bank. ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1054
|
|
Bank mergers to top agenda at PM-led 'Gyan Sangam' retreat
Posted Date : 02-Jan-2015 , 09:02:12 am | Posted By CASANSAAR
Mergers and acquisitions among public sector banks will be a major theme at the two-day 'Gyan Sangam' in Pune on 2-3 January - a retreat of chiefs of financial institutions which will be attended by Prime Minister Narendra Modi, finance minister Arun Jaitley and Reserve Bank of India Governor Raghur...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1396
|
|
Planning Commission gets a new name in 2015: NITI Ayog
Posted Date : 02-Jan-2015 , 08:54:49 am | Posted By CASANSAAR
India's Planning Commission will be renamed "NITI Ayog" as part of a restructuring plan announced by Prime Minister Narendra Modi in his Independence Day speech.
The new plan body, sources say, will have up to five full time members and four union ministers.
The permanent members are expected to b...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1104
|
|
10 Lakh New Jobs, Up To 40% Salary Hike Seen In 2015
Posted Date : 01-Jan-2015 , 02:23:58 pm | Posted By CASANSAAR
It may be a bumper new year for the job market, with India Inc planning to create close to 10 lakh new jobs and dole out pay hikes of up to 40 per cent for best performers in 2015.
The average salary increments may also be higher in the range of 15-20 per cent, as against 10-12 per cent across vari...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1847
|
|
SEBI notifies rules on launch of new mutual fund schemes
Posted Date : 01-Jan-2015 , 08:34:10 am | Posted By CASANSAAR
Market regulator Sebi has notified new rules that allow launch of two new schemes in a year by mutual fund houses with net worth below 50 crore rupees. However, such permission would be considered on a case-to-case basis, depending on Asset Management Companies (AMCs) demonstrating that serious effo...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 837
|
|
Government Appoints MD & CEO of Four Nationalised Banks
Posted Date : 01-Jan-2015 , 08:27:07 am | Posted By CASANSAAR
Based on the recommendations of Appointments Board chaired by the Governor, the Reserve Bank of India (RBI), the Department of Financial Services (DFS), Ministry of Finance, Government of India announced the appointment of MD & CEO of four Nationalised Banks. The appointments announced are as fo...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1293
|
|
New Promoter classification norms recommended by SEBI
Posted Date : 31-Dec-2014 , 08:44:31 am | Posted By CASANSAAR
Market regulator Sebi on Tuesday proposed new rules to allow reclassification of promoters at listed firms looking to become public shareholders.
The new norms can have a significant impact on the way some merger and acquisition deals are structured, as also in cases involving cor...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1192
|
|
Now, post offices can provide ATM cards, Account statements
Posted Date : 31-Dec-2014 , 08:24:50 am | Posted By CASANSAAR
Post office savings bank accounts can now be operated through ATMs. The Centre has amended the Post Office Savings Bank General Rules accordingly following the Budget announcement in this regard.
This facility, however, will be available only in post offices that are on core banking solutio...
Continue Reading...
Category :
Banking |
Comments :
0 | Hits : 1082
|
|
Government amends Arbitration and Conciliation Act to attract investment
Posted Date : 30-Dec-2014 , 06:18:33 pm | Posted By CASANSAAR
Amid its keenness to attract maximum foreign investment, the Government has sent out a signal to international business community by amending the Arbitration Act to make it mandatory for a judge presiding over commercial disputes to settle cases within nine months.
The amendments to the Arb...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 836
|
|
Black Money Probe: Over 1000 entities under scanner, says SEBI
Posted Date : 30-Dec-2014 , 08:33:15 am | Posted By CASANSAAR
At least 1,000 individuals and companies have come under markets regulator Sebi's scanner for allegedly using stock markets to evade taxes and launder money through companies mostly existing on paper. Sebi is focussing on securities market related violations by these individuals and compan...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 1172
|
|
Banks will struggle more with bad loans if economy falters further, warns RBI
Posted Date : 30-Dec-2014 , 08:26:31 am | Posted By CASANSAAR
Risks to India’s banking system continue to remain at elevated levels on concerns of further deterioration in the asset quality, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) released on Monday.
Even though the liquidity scenario in the banking system has impr...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 952
|
|
Infusion of Rs. 60 crore in IFCI Ltd. to make it a Government Company
Posted Date : 29-Dec-2014 , 09:17:20 pm | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today approved the infusion of RS. 60 crore in Industrial Finance Corporation of India (IFCI) Ltd. to make it a Government company by way of acquisition of preference shares from existing share holder(s). Background Indus...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 908
|
|
ICAI remarks on CAG Report - Appreciation of Third Party (Chartered Accountant) Reporting in Assessment proceedings
Posted Date : 29-Dec-2014 , 10:58:13 am | Posted By CASANSAAR
Attention has been drawn to certain issues raised on the certification work done by the members of the profession in the report of Comptroller and Auditor General of India (C&AG) entitled ‘Appreciation of Third Party (Chartered Accountant) Reporting in Assessment proceedings&r...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 1567
|
|
No law perfect, new Companies Act provides for self regulation: MCA
Posted Date : 29-Dec-2014 , 08:44:48 am | Posted By CASANSAAR
Stating that no law can be considered perfect, the Corporate Affairs Ministry has said the new Companies Act provides an opportunity for self- regulation and greater transparency.
The new Act, which replaces the nearly six-decade-old legislation that governs corporates, was pass...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1192
|
|
Seven regional commexes' recognition lapsed, Audit pending: FMC
Posted Date : 28-Dec-2014 , 09:13:06 pm | Posted By CASANSAAR
Of the total 16 regional commodity exchanges, recognition of seven bourses has lapsed, according to a report by sector regulator Forward Markets Commission.
Moreover, the audit of these seven commodity exchanges is still pending, the report said.
According to the report, recognition of I...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 841
|
|
Insurance Laws (Amendment) Ordinance, 2014
Posted Date : 27-Dec-2014 , 10:28:02 pm | Posted By CASANSAAR
The Union Cabinet had approved the promulgation of the Insurance Laws (Amendment) Ordinance 2014 to amend the Insurance Act, 1938, the General Insurance Business (Nationalisation) Act, 1972 and the Insurance Regulatory and Development Authority Act, 1999, in accordance with the Insurance Laws (Amend...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 974
|
|
Key features of NSDL Form 24G RPU / FUV version 1.4 wef 26.12.2014
Posted Date : 27-Dec-2014 , 10:21:01 pm | Posted By CASANSAAR
Form 24G Return Preparation Utility (RPU) and File Validation Utility (FVU) Version 1.4 for the Form 24G Statements from FY 2005-06 onwards released (26/12/2014)
Key features of NSDL Return Preparation Utility (RPU) version 1.4
Quoting of structurally valid TAN of DDO: Quoting of...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1208
|
|
New Companies Law More User-Friendly : Survey
Posted Date : 26-Dec-2014 , 09:12:24 pm | Posted By CASANSAAR
More than nine months since the new companies law came into force, most executives feel that the legislation is more "user-friendly" compared to the previous one, according to a survey.
However, majority of respondents said it would be challenging for listed companies to comply with provisi...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1329
|
|
FM ask to IRS - Customs & Central Excise Officer Trainees to be Both Firm and Fair in Their Dealing with the Tax Assesses
Posted Date : 26-Dec-2014 , 09:08:15 pm | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley asked the Indian Revenue Service (IRS-Customs &Central Excise) officer trainees to be both firm and fair in their dealing with the tax assesses. He said that they have to maintain a fine balance between what taxes are to be charged and what not to be ...
Continue Reading...
Category :
Excise |
Comments :
0 | Hits : 1025
|
|
CVC issues guidelines to check tax evasion by contractors
Posted Date : 26-Dec-2014 , 02:12:38 pm | Posted By CASANSAAR
Tax liability of government contractors or suppliers should be examined properly to check leakage of any revenue, the Central Vigilance Commission (CVC) has said. The probity watchdog, in a fresh set of guidelines issued to all Central government ministries or departments, has said that award o...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1190
|
|
|
