Others News

FM Optimistic on Growth of Economy

28 December 2012 at 11:54

The Union Finance Minister Shri P. Chidambaram has expressed optimism that the Indian economy will continue to grow at a healthy rate even as the global economies face recession. This, he said, is because our economy has strong fundamentals and fa

Posted in Others | 1 comments | 4620 Views

Extension of last date 'for complying with the CPE hours requirement for the calendar year 2012' - from 31st December, 2012 to 31st January, 2013

24 December 2012 at 16:16

This is for kind information of the members that it has been decided to extend the last date for complying with the CPE hours requirement for the calendar year 2012 by one month, i.e., up to 31st January, 2013. Secretary CPE Committee of ICAI

Posted in Others | 5 comments | 14019 Views

Government for Stable Tax Regime, says the Finance Minister

19 December 2012 at 17:56

The Union Finance Minister, Shri P. Chidambaram said that the Government is fully committed to provide best possible facilities to the tax payers for better tax compliance and revenue augmentation. He said that our focus is always to have a reason

Posted in Others | 7503 Views

Mid-Quarter Monetary Policy Review: December 2012

19 December 2012 at 10:28

Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: · keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per cent of their net demand and time liabiliti

Posted in Others | 7098 Views

MID-Year Economic Analysis Presented in Parliament; holds Outlook of Growth Stability and Recovery of the Economy

18 December 2012 at 11:53

The Government today tabled the Mid-Year Economic Analysis 2012-13 in both the Houses of Parliament. This is as per the provisions of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which requires the review of quarterly trends in

Posted in Others | 5433 Views

Reduction in Commission of PPF agents to make the Schemes more Investor Centric than Agent Centric

14 December 2012 at 11:38

The recommendation of Shyamala Gopinath Committee regarding agents’ commission was to reduce commission of 0.5% on Senior Citizens Saving Scheme (SCSS) and 1% on Public Provident Fund (PPF) to zero, reduce 4% commission under Mahila Pradhan

Posted in Others | 1 comments | 8328 Views

Reasons for Allowing FDI in Retail Sector

14 December 2012 at 11:35

Foreign Direct Investment (FDI) complements and supplements domestic investment. Domestic companies are benefited through FDI, by way of enhanced access to supplementary capital and state-of-the-art technologies; exposure to global managerial prac

Posted in Others | 3 comments | 14067 Views

CWA - President Communique for December, 2012

03 December 2012 at 15:51

We, the Cost and Management Accountants, also need to Invest to serve the community. But there is a difference between the investment of a businessman and a professional Accountant.

Posted in Others | 6 comments | 9495 Views

Growth Rate below our Expectations: Says Finance Ministry

01 December 2012 at 10:51

The Ministry of Finance has issued the following statement regarding the estimates released today by the Central Statistics Office (CSO) for the second quarter of GDP for 2012-13 today: Central Statistics Office (CSO) released the estimates for

Posted in Others | 4134 Views

Strengthening of Laws on Capital Gains in India

01 December 2012 at 10:51

The Insurance Regulatory and Development Authority (IRDA) has informed that in India, foreign companies can only form joint ventures with Indian companies. The list of the approved private life insurance companies operating in India and details of

Posted in Others | 6087 Views