Community & General News

ICWAI - President Communique for October, 2011

30 September 2011 at 10:42

Action may not always bring happiness...but there is no happiness without action. - Benjamin Disraeli Dear Professional Colleagues, We are approaching the festive season, which brings joy to the millions of lives in our country. Celebrated in all

Posted in Community & General | 6186 Views

Finance Ministers Statement on 2G Note

30 September 2011 at 10:00

The following is the text of the Finance Minister, Shri Pranab Mukherjees statement, made here today: A number of stories on 2G Spectrum had appeared in the media in January 2011. A view was taken that a harmonized note based on fact

Posted in Community & General | 1 comments | 4572 Views

Attempt to defraud using fake bank guarantee-modus operandi

28 September 2011 at 13:10

RBI/2011-12/206 DNBS(PD).CC. No.245 /03.10.42 /2011-12 September 27 , 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Attempt to defraud using fake bank guarantee-modus operandi Instances of fraud have been bro

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Union Finance Minister's Address to BRICS

23 September 2011 at 17:13

Following is the Text of the address delivered by Union Finance Minister Shri Pranab Mukherjee at the BRICS Finance Ministers Meeting in Washington DC, yesterday: “We are meeting here at the time when global economic growth seems to be losi

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Returns to be submitted by NBFCs - Revised Formats

23 September 2011 at 12:23

RBI/2011-12/195 DNBS(PD).CC. No.243/03.02.02/2011-12 September 22, 2011 All Non Banking Financial Companies (excluding RNBCs) Dear Sir, Returns to be submitted by NBFCs- Revised Formats In terms of extant instructions, NBFCs are required t

Posted in Community & General | 1 comments | 14889 Views

ICAI Invites Suggestions for Pre-Budget Memorandum-2012

21 September 2011 at 15:51

The Central Direct & Indirect Taxes Committees are in the process of identifying issues that need to be taken up in the Pre-Budget Memoranda on Direct & Indirect Taxes – 2012 to be submitted to the Ministry of Finance.

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Dishonour of electronic funds transfer for insufficiency of funds in the bank account - clarification

21 September 2011 at 17:03

DOC/2011-12/191 DPSS. CO.PD.No.497/02.12.004/2011-12 September 21, 2011 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District

Posted in Community & General | 3 comments | 9117 Views

Terms of Reference of Task Force for Direct Transfer of Subsidies Expanded to Include an Aadhaar-Enabled Unified Payment Infrastructure

20 September 2011 at 17:47

The terms of reference of the Task Force under the Chairmanship of Shri Nandan Nilekani, Chairman, Unique Identification Authority of India (UIDAI) has been expended to include an Aadhaar-enabled unified payment infrastructure. The said Task Force w

Posted in Community & General | 3231 Views

Appointment of Shri S.D. Majumder as Chairman of CBEC

17 September 2011 at 13:00

Appointment of Shri S.D. Majumder as Chairman of CBEC

Posted in Community & General | 1 comments | 4851 Views

RBI has announced today a 25 basis point increase in the policy repo rate, raising it from 8.0 per cent to 8.25

16 September 2011 at 17:20

The RBI has announced today a 25 basis point increase in the policy repo rate, raising it from 8.0 per cent to 8.25. The Union Finance Minister Shri Pranab Mukherjee said that the Reserve Bank of India (RBI)s todays step is consisten

Posted in Community & General | 2 comments | 5577 Views