Community & General News
RBI cautions Public about Unauthorised Companies collecting Deposits
29 November 2010 at 11:51RBI cautions Public about Unauthorised Companies collecting Deposits The Reserve Bank of India has today cautioned members of public about unauthorised companies which collect money from public stating that they have been authorised by the Reser
Announcement Regarding ISA AT to be held in Dec 2010
29 November 2010 at 11:46Announcement Regarding ISA AT to be held in Dec 2010 The Committee on Information Technology, has introduced, New Syllabus, with effect from April 2010 for which first Assessment Test will be held in Dec 2010. It has been decided that the m
FM Address at 42nd Annual Conference of Southern India Regional Council of ICAI
29 November 2010 at 11:42Finance Ministers Address at 42nd Annual Conference of Southern India Regional Council of ICAI Union Finance Minister Mr. Pranab Mukherjee asked Chartered Accountants to apply Accounting Standards uniformly and assist in presenting the t
24 Hours Payment System By NPCI
26 November 2010 at 18:1324 Hours Payment System By NPCI National Payment Corporation of India (NPCI) is providing Interbank Mobile Payment Service (IMPS) with seven banks viz, State Bank of India, ICICI Bank, Union Bank of India, Bank of India, Yes Bank, Axis Bank, HDF
Banking Licence to Private Sector Banks
26 November 2010 at 18:10Banking Licence to Private Sector Banks The Union Finance Minister in his budget speech 2010-11 had mentioned that Reserve Bank of India (RBI) would be considering giving some additional licenses to private sector players. Accordingly, RBI studi
Amount Collected as Education CESS
26 November 2010 at 18:09Amount Collected as Education CESS The amount of Secondary and Higher Education Cess collected during the last three years from direct and indirect taxes are as under : Direct Taxes:
NRIs can now vote, Govt issues notification
25 November 2010 at 10:22NRIs can now vote, Govt issues notification A longstanding wish of millions of NRIs for voting right in India has come true with the Centre issuing a notification to this effect to enable them to exercise their franchise. Parliament had in th
Levy of Cash Handling Charges by Banks
23 November 2010 at 17:07Levy of Cash Handling Charges by Banks Normally banks do not charge from their customer for depositing money to their own account. However, some banks levy charges for cash payment against credit card bills. Charges are collected at the time of
Regulation of Interest Rates Charged by MFIs
23 November 2010 at 17:06Regulation of Interest Rates Charged by MFIs The Small Industrial Development Bank of India (SIDBI) has reported that SKS Microfinance Ltd. (SKS), the only Micro Finance Institution (MFI) in India to be listed on the Bombay Stock Exchange/Nation
Formation of Financial Stability Development Council
23 November 2010 at 17:03Formation of FSDC The Financial Stability Development Council (FSDC) is expected to come into force in the month of December, 2010. The Ministry of Finance has consulted all the financial sector regulators on the formation of the Council. The
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