Community & General News

Enactment of Indian Financial Code Necessary for Better Governance and Accountability: FM

10 July 2014 at 14:24

The Finance Minister Shri Arun Jaitley in his maiden Budget Speech advised financial sector regulators to take early steps for a vibrant, deep and liquid market. Shri Jaitley also proposed to extend a liberalized facility of 5% withholding tax to all

Posted in Community & General | 4200 Views

Fresh Cases Arising Out of Retrospective Amendments of 2012 to be Scrutinised by High Level Committee: FM

10 July 2014 at 14:24

All fresh cases arising out of the retrospective amendments of 2012 in direct transfers will be scrutinized by High level committee to be constituted by the CBDT before any action is initiated in such cases. Announcing this during his Budget Speech i

Posted in Community & General | 3309 Views

Legislative and Administrative Changes Proposed to Reduce Litigation in Direct Taxes

10 July 2014 at 14:20

Government has proposed certain legislative and administrative changes with a view to reduce litigation in direct taxes. Announcing this in his maiden Budget Speech in the Parliament today, the Union Finance Minister Shri Arun Jaitley said that resid

Posted in Community & General | 3489 Views

Major Highlights - Union Budget 2014-15

10 July 2014 at 13:54

Government committed to achieve fiscal deficit of 4.1% for 2014-15.Subsidy regime to be made more targeted for full protection toThe marginalized, poor and sc/st.Government to promote fdi selectively in sectors.Rs 1000 crore provided for "pradha

Posted in Community & General | 11 comments | 30372 Views

Next Wave of Financial Reforms to Strengthen Institutional Foundations for a Globalized India

09 July 2014 at 18:11

In a fast changing world, financial policy has to catch up with the needs of future India that people are aspiring to build. The Economic Survey 2013-14 mentions that the next wave of reforms will be through strengthening the institutional foundation

Posted in Community & General | 4335 Views

Highlights of Economic Survey 2013-14

09 July 2014 at 13:37

Highlights of Economic Survey 2013-14 CHAPTER 1: STATE OF THE ECONOMY AND PROSPECTS Economy to grow in the range of 5.4 5.9 per cent in 2014-15 overcoming sub-5 percent growth. Growth slowdown was broad based, affecting in particular the in

Posted in Community & General | 2 comments | 17835 Views

Financial Performance of Railways in 2013-14

09 July 2014 at 11:05

The Minister of Railways Shri D. V. Sadananda Gowda, while presenting the Railway Budget for 2014-15 in Parliament today, said that the financial position of Railways has undergone a change since presentation of Interim Budget and passing of the &lsq

Posted in Community & General | 6204 Views

Highlights of The Railway Budget 2014-15

08 July 2014 at 17:58

Highlights of The Railway Budget 2014-15 Detailed information has been attached herewith

Posted in Community & General | 3 comments | 24699 Views

Multipurpose Empanelment Form 2014-15

03 July 2014 at 12:29

Multipurpose Empanelment Form for the year 2014-15 is an on line application. Members can fill up the application form directly on the site itself and Submit it. Members can view the Application and can Edit the Application in different stages.Howeve

Posted in Community & General | 4 comments | 20331 Views

ICMAI - President's Communique for July 2014

02 July 2014 at 17:59

Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for. --Epicurus A life spent making mistakes is not only more honorable

Posted in Community & General | 2 comments | 20262 Views