Community & General News

RBI rolls out strict security guidelines for ATMs

20 June 2019 at 10:04

RBI/2018-19/214DCM (Plg.)No.2968/10.25.007/2018-19June 14, 2019The Chairman / Managing Director /Chief Executive OfficerAll BanksMadam / Sir,Security Measures for ATMsAs stated in para 15 of the monetary policy statement dated October 04, 2016, the B

Posted in Community & General | 3276 Views

Govt takes historic decision to reduce ESI contribution rate from 6.5% to 4%

14 June 2019 at 11:27

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%

Posted in Community & General | 6042 Views

FM Nirmala Sitharaman states urgency of taxing digital economy companies

10 June 2019 at 11:40

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.

Posted in Community & General | 4947 Views

RBI waives RTGS/NEFT charges to encourage digital funds

07 June 2019 at 11:23

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

Posted in Community & General | 2 comments | 5022 Views

RBI cuts repo rate to 5.75% making it lowest since 2010

07 June 2019 at 11:23

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

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Draft Copyright Amendment Rules 2019 released

04 June 2019 at 12:13

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

Posted in Community & General | 3114 Views

RBI bans SR Batliboi for one year from audit of commercial banks

04 June 2019 at 12:13

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

Posted in Community & General | 3 comments | 5499 Views

ICAI President's emphasises on role of technology in CA Profession in his message

31 May 2019 at 18:00

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

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ICAI UDIN generation cross 1 million

30 May 2019 at 10:38

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

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Ombudsman scheme for NBFCs, 2018

29 April 2019 at 12:02

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)

Posted in Community & General | 3606 Views