CAclubindia News

Audit raises red flags on Air India Express

05 December 2011 at 11:07

In an indictment of Air India Express, an audit conducted by the aviation regulator has found serious flaws in its air safety practices. The report, a copy of which was reviewed by Mint, says the airline has failed to correct deficiencies pointe

Posted in Audit | 7317 Views

Retail FDI on hold, India Inc unhappy

05 December 2011 at 11:07

Corporate retailers expressed surprise and disappointment over FDI in multi-brands retail being put on hold. Officially, retailers of all hues - both foreign and Indian - told HT that they would like to wait for a formal decision to come from the

Posted in Community & General | 4026 Views

Cheques / drafts / pay orders / banker's cheques presented will be valid for 3months with effect from April 1, 2012

03 December 2011 at 11:01

RBI/ 2011-12/288 UBD. BPD. (PCB) No. 15 /12.05.001/2011-12 December 2, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/ Madam Payment of Cheques / Drafts / Pay Orders / Banker's Cheques In India, it has b

Posted in Community & General | 5 comments | 15360 Views

Income-tax (9th Amendment) Rules, 2011- Insertion of Rule 40BA and Form No. 29C

03 December 2011 at 10:55

NOTIFICATION NO. 60/2011 [F. NO. 133/70/2011-SO(TPL)] DATED 1-12-2011 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to am

Posted in Income Tax | 19761 Views

ICWAI sign MOU with CISI, UK

03 December 2011 at 10:33

The Institute of Cost and Works Accountants of India (ICWAI) has signed a memorandum of understanding with the Chartered Institute for Securities and Investment (CISI), UK on awarding the membership of CISI to ICWAI members and concessional fee fo

Posted in Community & General | 5 comments | 11106 Views

Increase in Interest Rates

02 December 2011 at 18:20

As per the Index of Industrial Production (IIP) released by the CSO, the industrial growth has moderated to 5.0 percent in 2011-12 (April-September) as compared to 8.8 percent in corresponding period of the previous year. The moderation in the ind

Posted in Community & General | 14598 Views

ICAI e-Journal (December 2011)

02 December 2011 at 11:11

ICAI e-Journal (December 2011)

Posted in Community & General | 9 comments | 16122 Views

ICAI - President's Message - December 2011

01 December 2011 at 16:15

Dear Friends, While presenting the Annual Budget for 1956-1957, the then Union Finance Minister Shri C. D. Deshmukh had said: It is enough to state broadly my view that by means of the First Five Year Plan we have laid sound foundations for a mo

Posted in Community & General | 6756 Views

Refinancing the FCCB redemptions can spike interest costs of the Indian firms

01 December 2011 at 11:14

In a normal business environment, when conversion rates are lower than the market prices Debt-fuelled growth can have unintended consequences if the business environment does not pan out as expected. An estimated $5.3 billion worth of foreign cu

Posted in Community & General | 4602 Views