Community & General News
Rate of interest of PPF deposits for 2018 reduced to 7.6 percent
15 January 2018 at 11:16RBI/2017-18/120DGBA.GBD.1781/15.02.005/2017-18All Agency Banks handling Small Saving SchemesDear SirInterest rates for Small Savings SchemesPlease refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The G
ICAI views on SEBI order regarding Satyam Case
12 January 2018 at 20:23ICAI views on recent order issued by SEBI-Satyam caseWith regards to Sebi order in the Satyam case, we would like to inform that The Institute of Chartered Accountants of India was the first to be off the blocks when the Satyam matter broke out in Ja
Satyam Case: SEBI bans PwC entities from issuing audit certificates for listed entities for 2 years
11 January 2018 at 13:18Finding PwC guilty in the 9-year-oldSatyam scam, SEBI has banned PwC and its network entities from issuing audit certificates to any listed company in India for two years.This is said to be one of the most stringent orders passed by any regulator aga
Govt gives the rationale for the FRDI bill 2017
03 January 2018 at 11:13Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 seeks to protect and enhance the depositors’ existing rights and bring in a comprehensive and efficient resolution regime for financial firms.Rationale for the Financial Resolution an
Debit card charges below Rs 2000 will be subsidised by Govt
18 December 2017 at 10:56Cabinet approves subsidizing MDR charges on debit card/BHIM UPI/AePS transactions of value less than Rs.2000 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved that the Merchant Discount Rate (MDR) applicable on all debit car
Exposure draft guidance note on Audit of Banks 2018
15 December 2017 at 11:10Knowledge of the Banking Industry1.01 The banking industry is the backbone of any economy as it is essential for sustainable socio-economicgrowth and financial statements in the economy. There are different types of banking institutions prevailing in
Provisions of the FRDI bill meant to protect interest of depositors
08 December 2017 at 10:33Provisions of the Financial Resolution and Deposit Insurance Bill, 2017 meant to protect interests of depositors The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill), introduced in the Lok Sabha on August 10, 2017, is presently under
FM asks officers of Revenue intelligence to keep pace with technology
07 December 2017 at 12:20FM: Ask the officers of the Directorate of Revenue Intelligence (DRI) to keep pace with technology and use the latest technological tools such as data analytics in fighting the menace of smuggling of sensitive contraband items such as gold and narcot
Highlights of the foreign trade policy 2015-2020
06 December 2017 at 10:59Highlights of the foreign trade policy 2015-2020
Estimated GDP growth increases to 6.3 percent
01 December 2017 at 11:05FM: The deceleration trend in the overall growth which was witnessed since the First Quarter of last Fiscal Year has been now reversed; The acceleration in growth this Quarter has been helped by a rapid Growth in Manufacturing which increased from 1.
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