Feedback - Observations of the candidates on the question papers of CA examinations-May 2014
Posted Date : 02-Jun-2014 , 09:15:57 pm | Posted By CASANSAAR
31st May 2014
It has been decided to introduce a mechanism to obtain the feedback of the candidates who appear in the CA examinations, on the question papers in CA examinations, with effect from May 2014 examinations.Candidates can bring to the notice of the Examination Department, thei...
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Students Zone |
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Sebi proposal can help government get over Rs 50,000 crore via stake sale
Posted Date : 02-Jun-2014 , 08:20:16 am | Posted By CASANSAAR
The government can rake in more than Rs 50,000 crore through stake sales in about 30 PSUs, if a new Sebi proposal requiring minimum 25 per cent public holding in all listed firms passes muster with the Finance Ministry.
While private sector listed companies are already required to maintain ...
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SEBI |
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Overseas investors pumped in nearly Rs 34000 crore in May
Posted Date : 01-Jun-2014 , 10:16:34 pm | Posted By CASANSAAR
Overseas investors pumped in nearly 34,000 crore rupees in the Indian market last month on hopes that the new government at the Centre would push reforms and spur economic growth.
As per the data compiled by capital markets regulator SEBI, net investment by FIIs into Indian equities in May...
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Shares & Stock |
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Auditors
Posted Date : 01-Jun-2014 , 11:07:49 am | Posted By CASANSAAR
Auditors are now more than watchdogs and have a role of being conscience-keepers, according to experts at the sixth international conference of the Muscat chapter of the Institute of Chartered Accountants of India that concluded on Saturday.
The role was increasingly challenging in the ...
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Auditing |
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Cabinet allows finance ministry to withdraw conciliation offer given to Vodafone
Posted Date : 31-May-2014 , 08:53:28 am | Posted By CASANSAAR
The Cabinet has cleared the finance ministry's proposal to withdraw conciliationoffer given to Vodafone for resolving the Rs 20,000 crore tax row with UK-based telecom company.
"The Cabinet in its last meeting on May 15 has cleared withdrawal of conciliation off...
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Income Tax |
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Hosting of Admit Cards for Common Proficiency Test (CPT) June-2014 Examination
Posted Date : 30-May-2014 , 02:39:54 pm | Posted By CASANSAAR
30th May 2014
Admit cards in respect of all candidates admitted to the Common Proficiency Test (CPT) June 2014 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website. For downloading/printing of the adm...
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Students Zone |
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Zone Shifting of Candidates for CPT - June 2014
Posted Date : 30-May-2014 , 02:39:01 pm | Posted By CASANSAAR
May 28, 2014
Subject: Zone-shifting of candidates for 22nd June - 2014 CPT
Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Chennai, Hyderabad and Indore, some of the candidates have been allotted examinations centres in the zone oth...
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Students Zone |
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J&K Bank shares tank on news report on window dressing of accounts
Posted Date : 30-May-2014 , 02:10:55 pm | Posted By CASANSAAR
Shares of Jammu Kashmir Bank hit 20 per cent lower circuit in trade after a media report alleged that some of the directors and officers at the bank were not declaring all the non-performing and stressed assets in its loan book. According to the report, the bank has not classified the loan amou...
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Auditing |
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I-T Dept. asked to share wealth details of defaulters with Banks
Posted Date : 30-May-2014 , 08:43:33 am | Posted By CASANSAAR
In a step to help public sector banks to recover bad loans, the Finance Ministry has asked the Income Tax Department to share details of defaulters’ wealth tax returns with public sector banks (PSBs) if they ask for such information.
The Ministry, in a communication to Commissioners o...
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Income Tax |
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0 | Hits : 981
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New Indian Government Seeks Issuance of More Bank Licenses
Posted Date : 30-May-2014 , 08:40:45 am | Posted By CASANSAAR
India's new government, led by pro-business Prime Minister Narendra Modi, wants regulators to issue more banking licenses to make the country's financial-services industry more competitive, the head of the Department of Financial Services said Thursday.
G.S. Sandhu, speaking to reporters af...
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Banking |
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Govt initiates exercise to raise FDI in defence sector to 100 pct
Posted Date : 30-May-2014 , 08:29:06 am | Posted By CASANSAAR
In a major policy initiative, the Narendra Modi government is proposing to raise FDI in defence sector to 100 per cent through the approval route.
"The Commerce and Industry ministry has circulated a Cabinet note for inter-ministerial consultation," sources said.
The proposal to ra...
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Finance |
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25% Public Shareholding Norms Should be For PSUs too: SEBI
Posted Date : 30-May-2014 , 08:23:20 am | Posted By CASANSAAR
Emphasising that all listed companies should be meted out equal treatment, Sebi Chairman U K Sinha today pitched for minimum 25 per cent public shareholding for PSUs.
At present, private sector companies are compulsorily required to have at least 25 per cent public shareholding, while for governmen...
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SEBI |
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RBI directive on foreign currency accounts
Posted Date : 29-May-2014 , 08:32:55 am | Posted By CASANSAAR
The Reserve Bank of India has directed banks to convert credit balances in any inoperative foreign currency (FC) denominated deposit into Indian rupee if the former remains not in use for three years from the date of maturity of deposit.
Thereafter, the depositor shall be entitled to claim ...
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RBI |
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NDA govt plans to bring in GST within this year
Posted Date : 29-May-2014 , 08:29:37 am | Posted By CASANSAAR
The Narendra Modi-led NDA government plans to introduce the Goods and Services Tax this year itself, and is set to get the process rolling during the Monsoon Session of Parliament.
For this, finance minister Arun Jaitley has sought a separate session with his officials on the status and con...
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GST |
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Corporate Affairs Ministry to be CLUBBED with Finance Ministry
Posted Date : 28-May-2014 , 08:18:46 am | Posted By CASANSAAR
After a decade of independent existence, the Ministry of Corporate Affairs (MCA) will now be clubbed with the Finance Ministry.
"There will be clubbing. Currently the (Corporate Affairs) ministry is under me. A notification has to come," Finance and Corporate Affairs Minister Arun J...
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Corporate Law |
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RBI Ends Penalty For Dormant Accounts
Posted Date : 28-May-2014 , 08:07:17 am | Posted By CASANSAAR
In an attempt to provide some relief to customers, the Reserve Bank of India has asked banks not to charge any penalty for non-maintenance of minimum balance in dormant accounts. Savings accounts and current accounts are treated as dormant if there are no transactions for over two years.
Ac...
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RBI |
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Preparations for Budget kick-off with new finance minister
Posted Date : 28-May-2014 , 08:05:52 am | Posted By CASANSAAR
With top functionaries of the finance ministry on Tuesday making presentations for new finance minister Arun Jaitley and minister of state for finance Nirmala Sitharaman, exercise for Budget 2014-15 kicked off formally. Secretaries of the ministry of finance made PowerPoint presentations to the two ...
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Income Tax |
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Union Council of Ministers - Allocation of Portfolios
Posted Date : 27-May-2014 , 10:10:29 am | Posted By CASANSAAR
The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the following members of the Union Council of Ministers :-
1.
Shri Narendra Modi
Prime Minister
Personnel, Public Grievances and Pensions
...
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General |
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EPFO panel grants tax exemption to 20 private PF trusts
Posted Date : 27-May-2014 , 08:19:35 am | Posted By CASANSAAR
An empowered committee of the retirement fund body EPFO has approved granting regular tax exemption to 20 private provident fund trusts, which would provide tax benefits for subscribers of these firms.
The firms who got approval for tax exemption during the meeting of the panel held...
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Income Tax |
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President appoints Cabinet Ministers, Ministers of State (Independent Charge) and Ministers of State
Posted Date : 26-May-2014 , 10:41:15 pm | Posted By CASANSAAR
The President of India has appointed Shri Narendra Damodardas Modi as the Prime Minister of India. Further, as advised by the Prime Minister, the President has appointed the following as members of the Council of Ministers:- CABINET MINISTERS1. Shri Raj Nath Singh2. Smt. Sushma Swaraj3. Shri Ar...
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General |
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RBI Cautions Public Against Fake Website
Posted Date : 26-May-2014 , 10:22:35 pm | Posted By CASANSAAR
The Reserve Bank today cautioned the public not to fall prey to spurious offers made by a fake website in its name offering savings accounts.
"It has come to the notice of the RBI today that a fake website has been created at http://www.rbi-inonline.org/savings.html by some unknown person...
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RBI |
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Relaunching of Website for Professionals
Posted Date : 26-May-2014 , 08:55:00 am | Posted By CASANSAAR
On the request of Members, we are again starting the Website for Professionals. Now 2 email id’s (e.g. xyz@your domain name.com) will be free with every website designed & developed by CASANSAAR.
Some Unique Features of Your Website.
Your Own Website, like w...
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General |
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New finance minister to inherit Rs 1 lakh cr of unpaid bills
Posted Date : 26-May-2014 , 08:50:34 am | Posted By CASANSAAR
Even before the new finance minister gets down to preparing the next budget, he has to grapple with unpaid subsidies of at least Rs 1 lakh crore left behind by the UPA government.
While the food subsidy bill accounts for almost half the amount with unpaid subsidies adding...
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Income Tax |
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FIIs pour in Rs 14000 crore in May
Posted Date : 25-May-2014 , 02:00:17 pm | Posted By CASANSAAR
Overseas investors have pumped in over 14,000 crore in Indian stocks so far this month as the new BJP government, which is to take charge tomorrow, is seen as being reforms-oriented. According to data from the Securities and Exchange Board of India, Foreign Institutional Investors (FIIs) purchased s...
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International Business |
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RBI set to restore $ 2-lakh limit for spending abroad
Posted Date : 25-May-2014 , 01:57:00 pm | Posted By CASANSAAR
The Reserve Bank of India is likely to again allow individuals to spend $ 200,000 per year abroad, including in real estate, reversing a clampdown imposed in August 2013, that had brought the limit down to $ 75,000.
The move is a confidence-booster measure the new government is expected to ...
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RBI |
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0 | Hits : 911
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Top 500 cos raise Rs 20,000-cr debt for dividend payouts in FY'14
Posted Date : 23-May-2014 , 08:26:46 pm | Posted By CASANSAAR
Aggressive dividend payouts by top 500 companies has seen 419 of them together borrowing around Rs 20,000 crore, while paying around Rs 1.2 trillion (Rs 1.2 lakh crore) in FY'14, according to India Ratings.
"Several BSE 500 corporates, excluding banks and financial services companies, adopt...
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Category :
Corporate Law |
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0 | Hits : 872
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ICAI disciplinary panel decisions were forged
Posted Date : 23-May-2014 , 09:48:55 am | Posted By CASANSAAR
One more controversy has erupted in the Institute of Chartered Accountants of India (ICAI). The premier body of financial watchdogs had been in the news over a land purchase scandal at Nagpur a couple of years ago.A member of the institute's disciplinary committee has formally registered a com...
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ICAI |
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CBDT releases utility for Tax Audit Report filing for A.Y. 2014-15
Posted Date : 22-May-2014 , 09:05:33 pm | Posted By CASANSAAR
Income Tax Department has releases utility for A.Y. 2014-15 for Filing of TaxAudit Report , Transfer pricing Audit Report, MAT Audit , Trust Audit, Special Audit etc. Details of such Audit reports is as follows :-
Form 3CA-3CD – Audit report under section 44AB...
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Income Tax |
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FMC asks MCX to check the Audit done by Deloitte
Posted Date : 22-May-2014 , 08:59:46 pm | Posted By CASANSAAR
The statutory auditor for Multi Commodity Exchange,Deloitte is likely to face heat for the audit conducted for the Exchange for past years as Forward Markets Commission has directed MCX to review the audit done by Deloitte, said the source.
MCX has been asked to ascertain by the regu...
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Auditing |
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0 | Hits : 1039
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SEBI raises cash transaction limit in MFs to Rs 50,000
Posted Date : 22-May-2014 , 08:42:17 pm | Posted By CASANSAAR
To expand the reach of mutual funds in hinterland, market regulator Sebi today increased the cash transactions limit in such funds to Rs 50,000 from Rs 20,000.
The Securities and Exchange Board of India, (Sebi), in September 2012, had allowed fund houses to accept up to Rs 20,000 in cash pe...
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SEBI |
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