Community & General News
Renaming of the Integrated Professional Competence Examination (IPCE)
28 December 2012 at 11:55In terms of Notification NO XCA(7)/145/2012 dated 1st August 2012, “Integrated Professional Competence Examination(IPCE)”, stands renamed as “Intermediate (IPC) Examination” and would be known accordingly, with effect from
FM Optimistic on Growth of Economy
28 December 2012 at 11:54The Union Finance Minister Shri P. Chidambaram has expressed optimism that the Indian economy will continue to grow at a healthy rate even as the global economies face recession. This, he said, is because our economy has strong fundamentals and fa
Extension of last date 'for complying with the CPE hours requirement for the calendar year 2012' - from 31st December, 2012 to 31st January, 2013
24 December 2012 at 16:16This is for kind information of the members that it has been decided to extend the last date for complying with the CPE hours requirement for the calendar year 2012 by one month, i.e., up to 31st January, 2013. Secretary CPE Committee of ICAI
Government for Stable Tax Regime, says the Finance Minister
19 December 2012 at 17:56The Union Finance Minister, Shri P. Chidambaram said that the Government is fully committed to provide best possible facilities to the tax payers for better tax compliance and revenue augmentation. He said that our focus is always to have a reason
Mid-Quarter Monetary Policy Review: December 2012
19 December 2012 at 10:28Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: · keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per cent of their net demand and time liabiliti
MID-Year Economic Analysis Presented in Parliament; holds Outlook of Growth Stability and Recovery of the Economy
18 December 2012 at 11:53The Government today tabled the Mid-Year Economic Analysis 2012-13 in both the Houses of Parliament. This is as per the provisions of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which requires the review of quarterly trends in
Reduction in Commission of PPF agents to make the Schemes more Investor Centric than Agent Centric
14 December 2012 at 11:38The recommendation of Shyamala Gopinath Committee regarding agents’ commission was to reduce commission of 0.5% on Senior Citizens Saving Scheme (SCSS) and 1% on Public Provident Fund (PPF) to zero, reduce 4% commission under Mahila Pradhan
Reasons for Allowing FDI in Retail Sector
14 December 2012 at 11:35Foreign Direct Investment (FDI) complements and supplements domestic investment. Domestic companies are benefited through FDI, by way of enhanced access to supplementary capital and state-of-the-art technologies; exposure to global managerial prac
CWA - President Communique for December, 2012
03 December 2012 at 15:51We, the Cost and Management Accountants, also need to Invest to serve the community. But there is a difference between the investment of a businessman and a professional Accountant.
Strengthening of Laws on Capital Gains in India
01 December 2012 at 10:51The Insurance Regulatory and Development Authority (IRDA) has informed that in India, foreign companies can only form joint ventures with Indian companies. The list of the approved private life insurance companies operating in India and details of
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