Community & General News
Accounting treatment for property, plant and equipment
16 August 2017 at 10:48Indian Accounting Standard (Ind AS) 16, Property, Plant and Equipment prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its pro
Extension of last date for MEF filing to 25th August
14 August 2017 at 11:34For kind information of all practicing members of InstituteExtension of Multipurpose Empanelment Form for the year 2017-18The last date of online filing of MEF 2017-18 is hereby extended from 15th August, 2017 to 25th August, 2017 and the last date o
RBI cuts repo rate by 25 basis points to 6 percent
02 August 2017 at 18:12The Secretary, Department of Economic Affairs (DEA), Shri Subhash Chandra Garg said that the Government welcomes the 25 basis points cut in the repo rate announced today by the Monetary Policy Committee (MPC) in its third Bi-Monthly Meeting held in M
Show Cause Notice issued to 5,922 Associations for cancellation of FCRA registration
12 July 2017 at 11:53As a one-time measure, all associations were given an opportunity by way of a Public Notice uploaded on fcraonline.nic.in on May 12, 2017 requiring the associations to file their missing Annual Returns pertaining to FY 2010-11 to 2014-15 within a per
Fake letter regarding linking of Aadhar to Land records
20 June 2017 at 11:38CLARIFICATIONThe letter attributed to Cabinet Secretariat on Digitalisation of Land Records & subsequent linking of the same to AADHAR, being widely circulated in the sections of social media is completely fake and mischievous. It is clarified th
Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017
15 June 2017 at 11:33The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial
FM reviews performance of Public sector banks
10 June 2017 at 13:17The Union Finance Minister Shri Arun Jaitley to review the performance of Public Sector Banks (PSBs) on 12th June, 2017 in the national capital. The Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley will chair the meeting o
Cabinet approves phasing out Foreign Investment Promotion Board
25 May 2017 at 11:06The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to
Cabinet approves measures to Prevent Base Erosion and Profit Shifting by India
18 May 2017 at 11:17Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Mu
Ordinance passed by govt empowering RBI to tackle NPA
06 May 2017 at 15:48The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets, particularly in consortium or multiple banking arrangements The Ordinance enables the Union Government to authorize the Reserve B
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