Community & General News
Rate hike looms as Sept inflation stays high at 9.72%
15 October 2011 at 12:26Indias inflation rate continued to remain close to worrisome double-digit levels bolstering speculation that the Reserve Bank of India (RBI), despite a slowing economy, may increase interest rates yet again to cool prices when it presents t
MCA advises to file ROC return before Diwali
15 October 2011 at 12:21Ministry of Corporate Affairs desires that the members of the institute may file Company's Balance Sheet and Annual Return at the earliest preferably before festival time of Diwali to avoid last minute rush and system congestion in MCA21
IMF revises down India's GDP forecast to 7.5% for '12
14 October 2011 at 11:53The Indian economy would grow by 7.8% in 2011 and by an even slower 7.5% next year, the International Monetary Fund (IMF) said on Thursday, citing less-than-anticipated recovery in advanced economies and the uncertain global outlook. "In Indi
Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved
13 October 2011 at 15:25The Union Cabinet today approved introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 in the next session of Parliament. The proposed amendments would enable banks to improve their operational eff
IIP, inflation to decide RBI move
13 October 2011 at 15:21Two sets of data to be released this week - industrial output growth for August and consolidated monthly inflation for September - would largely determine the Reserve Bank of India's (RBI's) next move on interest rate hikes. Policy makers
RBI turns heat on banks to check bad loans
13 October 2011 at 15:21Following the recent downgrade of the country’s largest lender State Bank of India by credit rating agency Moody’s Investor Services, the Reserve Bank of India (RBI) has asked banks to focus on recovery and follow a stringent credit ap
Industrial growth slows to 4.1% in August
13 October 2011 at 15:21Pressure built up on RBI over interest rates on Wednesday as India’s industrial output grew by 4.1% year-on-year in August. Factory output had grown by 3.8% in July and 4.5% in the year-ago period, with rising input costs and costlier loans
Based on the request of the members, The last date for receipt of the comments on Exposure Draft of Guidance Note-Cost Accounting Standards(CAS-4) has been extended upto 31st October, 2011
11 October 2011 at 11:17The Institute has already released the revised Guidance Note on CAS-4 and requested for comments / suggestions on the same upto 10th October 2011. Based on the request of the members it has been decided to extend the last date for submission o
ICAI statement on the matter of Global Trust Bank
08 October 2011 at 14:49The Council of The Institute of Chartered Accountants of India (ICAI), on consideration of the Report of the Disciplinary Committee with respect to Shri P.Rama Krishna and another in the matter of Global Trust Bank (GTB) for the year 2000-01 deci
Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer and abroad and its recovery
07 October 2011 at 18:58The Central Board of Direct Taxes, Department of Revenue, it has been decided with the approval of competent authority that the Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer and abroa
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