Community & General News


Mid Quarter Monetary Policy Review: December 2011

   16 December 2011 at 17:08

Monetary Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) unchanged at 6 per cent; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at

Posted in Community & General |   4935 Views


Slowdown effect seen in advance tax

   16 December 2011 at 10:56

Initial numbers show almost no increase from last year; officials say clearer picture to emerge by weekend Fears that the slowing Indian economy could be reflected in the financials of its companies intensified on Thursday with initial numbers o

Posted in Community & General |   4716 Views


Amendment to Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) - Payment of commission to the agents

   15 December 2011 at 17:32

RBI/2011-12/299 DGBA.CDD. No. H- 3764 /15.02.001/2011-12 December 15, 2011 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner &

Posted in Community & General |   8517 Views


Submission of Pre-Budget Memorandum, 2012 by Indirect Taxes Committee

   15 December 2011 at 17:09

The Indirect Taxes Committee of the Institute has submitted the Pre-Budget Memorandum, 2012 relating to Indirect Taxes to the Ministry of Finance on 7th December, 2011. The Memorandum contains suggestions on various issues in the area of indirect

Posted in Community & General |   8985 Views


Empanelment as a Technical Reviewer with the Quality Review Board

   15 December 2011 at 17:09

The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perform the following functions:- (a) to make recommendations to the Council with regard

Posted in Community & General |   2775 Views


Not many options on rupee, Rangarajan says

   15 December 2011 at 10:30

The Indian rupee, which has depreciated against the dollar for seven consecutive trading sessions, has shed almost 4% since last week On a day the rupee touched a new lifetime low of 53.85 against the dollar, C Rangarajan, chairman of the Prime

Posted in Community & General  1 comments |   3429 Views


Nov inflation at 9.11%, slightly above expectations

   15 December 2011 at 10:30

The latest price-rise figures may complicate matters for the central bank, which was expected to shift its bias towards growth from inflation in its mid quarter monetary policy review on Friday Wholesale-price inflation in India posted a 9.11% a

Posted in Community & General |   2688 Views


Off balance sheet items a concern for private banks

   14 December 2011 at 10:34

ICICI Bank and Axis Bank rank poorly because the risk weighted average as a proportion of assets is at 83% on average compared to 74% for the other private sector peers

Posted in Community & General |   9114 Views


United action needed to save economy: FM

   14 December 2011 at 10:34

A day after leader of opposition in Rajya Sabha Arun Jaitley blamed the government for policy paralysis, finance minister Pranab Mukherjee suggested that coalition compulsions cannot be called policy paralysis. He said the nation needed "co

Posted in Community & General |   3240 Views


Rupee hits a new low as fall continues

   14 December 2011 at 10:33

Touches 53.52 to a dollar; most dealers say the currency can decline further against the greenback The rupee fell to a new low of 53.52 a dollar on Tuesday before ending the day at 53.23, with the euro’s weakness against the US unit adding

Posted in Community & General  1 comments |   3831 Views



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