Community & General News
IIP, inflation to decide RBI move
13 October 2011 at 15:21Two sets of data to be released this week - industrial output growth for August and consolidated monthly inflation for September - would largely determine the Reserve Bank of India's (RBI's) next move on interest rate hikes. Policy makers
RBI turns heat on banks to check bad loans
13 October 2011 at 15:21Following the recent downgrade of the country’s largest lender State Bank of India by credit rating agency Moody’s Investor Services, the Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit ap
Industrial growth slows to 4.1% in August
13 October 2011 at 15:21Pressure built up on RBI over interest rates on Wednesday as India’s industrial output grew by 4.1% year-on-year in August. Factory output had grown by 3.8% in July and 4.5% in the year-ago period, with rising input costs and costlier loans
Based on the request of the members, The last date for receipt of the comments on Exposure Draft of Guidance Note-Cost Accounting Standards(CAS-4) has been extended upto 31st October, 2011
11 October 2011 at 11:17The Institute has already released the revised Guidance Note on CAS-4 and requested for comments / suggestions on the same upto 10th October 2011. Based on the request of the members it has been decided to extend the last date for submission o
ICAI statement on the matter of Global Trust Bank
08 October 2011 at 14:49The Council of The Institute of Chartered Accountants of India (ICAI), on consideration of the Report of the Disciplinary Committee with respect to Shri P.Rama Krishna and another in the matter of Global Trust Bank (GTB) for the year 2000-01 deci
Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer and abroad and its recovery
07 October 2011 at 18:58The Central Board of Direct Taxes, Department of Revenue, it has been decided with the approval of competent authority that the Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer and abroa
Domestic Money Transfer - Relaxations
07 October 2011 at 18:57Domestic Money Transfer - Relaxations RBI/2011-12/213 DPSS.PD.CO.No. 62/02.27.019/2011-2012 October 5, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks
ICAI - President's Message - October 2011
01 October 2011 at 11:49Let me first wish all our readers moments of great inspiration that 2nd October as birthday of the father of our nation, Mahatma Gandhi, instils in the hearts of the people of India and the world.
FDI Circular 2 of 2011
30 September 2011 at 18:46The consolidated FDI policy document is a single reference point for investors and regulators. The first such consolidation was released in March, 2010 after which it has been updated every six months. This‘Circular 2 of 2011’-is the
Proposed Amendment of the Articles of Agreement of the International Monetary Fund on Reform of the Executive Board approved
30 September 2011 at 15:02The Union Cabinet today gave its approval to certain amendments to the IMF`s Articles of Agreement on Reform of the Executive Board of the IMF. The amendments are part of a package of reforms on quotas and governance in the IMF. Along with the rec
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