The Government of India has taken a historic decision to reduce the rate ofcontribution under the ESI Act from 6.5% to 4%(employers� contribution beingreduced from 4.75% to 3.25% and employees� contribution beingreducedfrom 1.75% to 0.75%
Smt. Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs, Government of India, participated in the G20 Finance Ministers and Central Bank Governors meeting and associated events during June 8-9, 2019 at Fukuoka, Japan.
Review of Charges for RBI-operated Payment SystemsThe Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electr
RBI/2018-19/199DBR.No.Ret.BC.44/12.01.001/2018-19June 06, 2019The Chairperson / CEOs of all Scheduled and Non Scheduled BanksDear Sir / Madam,Change in Bank RatePlease refer to our circular DBR.No.Ret.BC.33/12.01.001/2018-19 dated April 04, 2019 on t
In order to ensure smooth and flawless compliance of Copyright Act in the light of technological advancement in digital era and to bring them in parity with other relevant legislations, the Department for Promotion of Industry and Internal Trade, Gov
Enforcement action in respect of statutory auditors of commercial banksRBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercia
My dear Professional Colleagues, Bound by inherent integrity and transparency, and ICAI�s Code of Ethics, auditors of our country have been imparting credibility to the financial statements. ICAI inspires them to deliver quality in their profil
UDIN already implementedAs you are already aware that the full time practicing Chartered Accountants have to mandatory generate UDIN for the documents certified/ issued by them. As per the mandate schedule of ICAI, UDIN was made mandatory for all cer
Ref. CEPD. PRS. No.4535/13.01.004/2018-19April 26, 2019The Reserve Bank of India (RBI) had vide Notification Ref.CEPD.PRS.No.3590/13.01.004/2017-18 dated February 23, 2018, implemented the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs)
The Reserve Bank of India will shortly issue ₹ 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das, Governor, Reserve Bank of India. The new denomination has motif of Ellora Caves on the reverse, de
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