Women Empowerment - 50,000 Women CAs in India
Posted Date : 29-Nov-2014 , 08:35:25 am | Posted By CASANSAAR
The number of women seeking to get into the number-crunching profession of chartered accountancy (CA) has taken a big leap in the past couple of years. Female enrolments to the Common Proficiency entrance test (CPT) for the CA course, conducted by the Institute of Chartered Accountants of India (ICA...
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ICAI |
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Saradha scam: Fraud office, ED approach ICAI for probe against members
Posted Date : 29-Nov-2014 , 08:29:44 am | Posted By CASANSAAR
The Serious Fraud Investigation Office (SFIO) and the Enforcement Directorate (ED) have approached the Institute of Chartered Accountants of India (ICAI) to look into the professional misconduct of its members engaged in financial accounting and auditing in various Saradha group outfits.
Th...
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ICAI |
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1 | Hits : 1160
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Anywhere, anytime bill payment for all
Posted Date : 29-Nov-2014 , 08:25:37 am | Posted By CASANSAAR
Anywhere, anytime bill payment — currently available to only a section of Indians with access to netbanking and that, too, restricted to a handful of utilities — will soon be available for all citizens for all utilities under the Bharat Bill Payment System (BBPS).
The Reserv...
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Category :
General |
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0 | Hits : 1068
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RBI issues final norms for payment, small finance banks
Posted Date : 28-Nov-2014 , 08:44:15 am | Posted By CASANSAAR
Introducing a new concept of niche banking in India, RBI on Thursday issued final norms for payment banks and small finance banks that would allow mobile firms and supermarket chains, among others, to enter the banking arena to cater to individuals and small businesses.
The move, aimed at dee...
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Banking |
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0 | Hits : 1142
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Sebi to allow partly paid shares to foreign investors
Posted Date : 28-Nov-2014 , 08:32:32 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) could soon allow Indian companies to issue partly paid-up shares and warrants to foreign investors.
According to people in the know, the norms are going to be streamlined for all forms of equity capital, including public issue and rights i...
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SEBI |
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0 | Hits : 817
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Tax System Has to be Friendly to Taxpayer : Finance Minister
Posted Date : 28-Nov-2014 , 08:25:57 am | Posted By CASANSAAR
India is moving towards a tax-friendly regime to erase the "bad name" it has earned over the years, Finance Minister Arun Jaitley said on Thursday.
"Our tax system has to be friendly with tax payers and that is what we are trying to do step by step," he said, replying to a debate on tax evasi...
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Income Tax |
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0 | Hits : 896
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FM Revises the Target of Opening of Bank Accounts under PMJDY to 10 Crore by 26th January, 2015
Posted Date : 28-Nov-2014 , 08:21:55 am | Posted By CASANSAAR
The Union Finance Minister Shri Arun Jaitley revises the target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to10 crore by 26th January, 2015. This will amount to opening of one account for each household in the country. The Finance Minister also asked the offi...
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Category :
Banking |
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0 | Hits : 758
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Finance ministry revives proposal to set up holding company for state-run banks
Posted Date : 27-Nov-2014 , 07:58:11 am | Posted By CASANSAAR
The finance ministry has revived a proposal to set up a holding company for state-run banks that will find it easier than individual lenders to raise capital and deploy it in banks that need it the most.The government is re-examining the structure of the holding company to see whether it will be via...
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Banking |
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0 | Hits : 833
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ICAI Elections 2015 :- One Seat for Central Council may increase from Northern
Posted Date : 26-Nov-2014 , 02:43:47 pm | Posted By CASANSAAR
One Seat for Central Council may increase from Northern. As per reilable Sources we come to know about the Members Detail of ICAI Region Wise.
Total Number of Members of ICAI as on 27.10.14 - 227555.
Central 36720;
Eastern 21935;
Northern 46059;
Wes...
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ICAI |
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0 | Hits : 4948
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RBI Governor Slams Banks for Hiding NPAs
Posted Date : 26-Nov-2014 , 08:30:40 am | Posted By CASANSAAR
In his most hard-hitting speech against recalcitrant defaulters, Reserve Bank of India governor Raghuram Rajan has said that the amount written off by banks as bad debts in the last five years would have been enough to fund the education of 15 lakh of the poorest children in the top private universi...
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Banking |
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0 | Hits : 1175
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RBI warns firms on routing overseas funds to India operations
Posted Date : 26-Nov-2014 , 08:07:06 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday clamped down on Indian firms raising funds overseas and routing them to India through certain types of structures.
In a notification, RBI noted that some Indian firms access overseas markets for debt funds through overseas subsidiaries and associates and...
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RBI |
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0 | Hits : 1121
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Over 275 independent directorships vacant at NSE-listed Companies
Posted Date : 26-Nov-2014 , 07:56:50 am | Posted By CASANSAAR
As many as 277 independent directorship positions have fallen vacant in NSE-listed firms since February, when Sebidecided to restrict the number of companies such directors can serve. Further, six independent directorship positions need to be vacated in NSE-listed companies to comply with ...
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Corporate Law |
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0 | Hits : 1159
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Banks collect Rs 6,000 crore in deposits from 7.9 crore accounts under Jan Dhan Yojana
Posted Date : 26-Nov-2014 , 07:53:05 am | Posted By CASANSAAR
Banks have collected over Rs 6,000 crore by opening 7.9 crore accountsunder the Pradhan Mantri Jan Dhan Yojana, said a senior Finance Ministry official. "PMJDY is for the people, and especially for the women. The objective of the scheme is to bring the people to the financial wor...
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Category :
Banking |
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0 | Hits : 946
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Expert Committee to Review E-Forms Under the Companies Act
Posted Date : 26-Nov-2014 , 07:43:43 am | Posted By CASANSAAR
Expert Committee Constituted to Review E-Forms in order to Simplify Procedures for Stakeholders Under the Companies Act
The Government has recently constituted an Expert Committee to review e-forms and other overall filing process, in order to simplify procedures for sta...
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Corporate Law |
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0 | Hits : 1170
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Public sector banks may take hit of Rs 96000 Cr due to coal block cancellation
Posted Date : 25-Nov-2014 , 08:15:19 pm | Posted By CASANSAAR
Public sector banks may take a hit of Rs 96,484 crore due to cancellation of coal blocks to power projects, Minister of State for Finance Jayant Sinha said on Tuesday.
The Supreme Court had in September cancelled allocation of 204 coal mines since 1993 to power plants and other user industr...
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Income Tax |
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0 | Hits : 786
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SEBI Aligns Overseas Derivative Instrument Rules
Posted Date : 25-Nov-2014 , 03:31:42 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) said on Monday it is revising the rules for offshore derivative instruments (ODIs) to bring them in line with new foreign investment norms approved earlier this year.
According to the SEBI statement on Monday, ODIs will now have to be consis...
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SEBI |
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0 | Hits : 760
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10 names shortlisted for appointment as CMDs in 8 PSU banks
Posted Date : 25-Nov-2014 , 08:26:42 am | Posted By CASANSAAR
A High-level search panel headed by Reserve Bank Governor Raghuram Rajan has shortlisted 10 Executive Directors for the post of Chairman and Managing Director (CMD) in eight public sector banks. Bank of Baroda Executive Directors (ED) B B Joshi and P Srinivas, Punjab & Sind Bank's ...
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Category :
Banking |
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0 | Hits : 1446
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CA Institute President K Raghu appointed as IFAC Board Member
Posted Date : 25-Nov-2014 , 08:26:35 am | Posted By CASANSAAR
The president of chartered accountants body ICAI, K Raghu, has been elected to the board of International Federation of Accountants (IFAC). Raghu has been elected for a three-year period starting from November this year. IFAC, a global body for the accountancy professio...
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Category :
ICAI |
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0 | Hits : 835
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SEBI directs foreign investors to comply with P-Note norms
Posted Date : 25-Nov-2014 , 08:22:57 am | Posted By CASANSAAR
Amid concerns about the possible misuse of Offshore Derivative Instruments, or P-Notes, for money laundering and other such purposes, Sebi on Monday directed foreign investors to ensure compliance with all necessary norms before issuing such notes with immediate effect.
While exis...
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SEBI |
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0 | Hits : 887
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India has potential to export services of internal auditing: IIA
Posted Date : 25-Nov-2014 , 08:19:56 am | Posted By CASANSAAR
India has the potential to become the international back office ofinternal audit services by meeting the demands of multinational companies, saidHal Garyn, vice-president, professional practices at the Institute of Internal Auditors(IIA), a global professional grouping. The inter...
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Auditing |
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0 | Hits : 1025
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Finance minister Arun Jaitley says Union Budget to unveil 2nd generation reforms
Posted Date : 24-Nov-2014 , 06:12:23 pm | Posted By CASANSAAR
A "whole set of second generation reforms" will be unveiled in the next Union Budget, Finance Minister Arun Jaitley said on Sunday, promising "a lot of exciting time ahead".
The country needs "a larger opening out in more sectors," it requires stability of policy and tax regime be...
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Category :
Income Tax |
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0 | Hits : 774
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Coming soon: the e-IPO
Posted Date : 24-Nov-2014 , 08:32:47 am | Posted By CASANSAAR
The market regulator Securities and Exchange Board of India (SEBI) has said it aims to reduce the time period between closing of an initial public issue and commencement of trading at the stock exchanges to five-six days. Currently it takes 12 days.
“The SEBI board, in its meeting on ...
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SEBI |
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0 | Hits : 1535
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GST may subsume all entry taxes
Posted Date : 24-Nov-2014 , 08:23:45 am | Posted By CASANSAAR
In a move that is likely to draw opposition from some states, the Centre is going to propose subsuming in the proposed goods & services tax (GST) all types of entry tax, including the one for local bodies, when it tables the Constitution Amendment Bill in Parliament. The Bill also seek...
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GST |
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0 | Hits : 1333
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Banks employees will go on relay zonal strike from December 2
Posted Date : 23-Nov-2014 , 10:22:11 pm | Posted By CASANSAAR
Employee unions of public sector banks across the country will go on zone-wise relay strike from December 2 to 5 to press for wage revision. The public sector bankemployees had stopped work on November 12 on the wage issue, affecting services like cheque clearance and withdrawal from ...
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Category :
Banking |
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0 | Hits : 1090
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RBI asks banks to be cautious on inoperative account payments
Posted Date : 23-Nov-2014 , 01:45:57 pm | Posted By CASANSAAR
The Reserve Bank has asked banks to exercise caution before making payments to customers claiming funds lying idle in inoperative accounts.
"Banks are advised to invariably verify the genuineness of the transactions and ensure that the amounts paid to the customers are properly audited ...
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RBI |
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0 | Hits : 1211
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CA institute officials under lens
Posted Date : 22-Nov-2014 , 08:58:51 am | Posted By CASANSAAR
Enforcement directorate is going to summon some senior officials of the Institute of Chartered Accountants of India (ICAI) as the institute had failed to initiate action against the chartered accountants (CAs) involved in chit fund scams. The accused CAs had vouched false audit reports.
When the SF...
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ICAI |
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0 | Hits : 2382
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RBI warns public about fraudsters issuing credit cards in its name
Posted Date : 22-Nov-2014 , 08:52:36 am | Posted By CASANSAAR
Reserve Bank of India on Friday alerted the public about fraudsters perpetrating fraud by issuing credit cards in its name.
Explaining the modus operandi, the Reserve Bank stated that the gullible member of the public is sent a credit card which allows withdrawal of money up to a ...
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RBI |
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0 | Hits : 1010
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Inform customers about fall in minimum balance in advance: RBI to banks
Posted Date : 21-Nov-2014 , 05:21:11 pm | Posted By CASANSAAR
The Reserve Bank of India has asked banks to inform their customers about a fall in minimum balance well in advance. The apex bank has also directed that penal charges should be levied only to the extent of shortfall in such balances. The guidelines with respect to levying of penal charges for non-m...
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Category :
Banking |
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0 | Hits : 1085
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Last date of Application Form for the Information Systems Audit (ISA) Assessment Test - 4th December, 2014
Posted Date : 21-Nov-2014 , 02:14:20 pm | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2014 [Last Date - 4th December, 2014]
Online Application Form
Hard Copy Application Form
...
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Category :
ICAI |
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0 | Hits : 1046
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Achhe Din for Professionals - Govt set to iron out thorny provisions in Companies Act
Posted Date : 21-Nov-2014 , 08:06:44 am | Posted By CASANSAAR
Amid its efforts to improve ease of doing business in the country, the government has decided to revisit rules related to the Companies Act, 2013, by doing away with or amending several provisions which were considered harsh by industry & Professionals.
According to the proposal floated...
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Category :
Corporate Law |
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0 | Hits : 3460
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