Community & General News
New President and Vice President of ICAI elected FY 2016-17
12 February 2016 at 18:38The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a Council in
India continues to be one of the fastest growing economies
08 February 2016 at 10:52FM: India continues to be one of the fastest growing economies in the world, but there is still potential to grow at a much faster pace; more incentives to agriculture sector for increasing both agriculture production and productivity.The Union Finan
RTGS service charges for members and customers - Rationalisation
05 February 2016 at 11:43RBI/2015-16/306DPSS (CO) RTGS No.1926/04.04.002/2015-16February 4, 2016The Chairman / Managing Director / Chief Executive Officer of participants of RTGSMadam / Sir,RTGS service charges for members and customers - RationalisationA reference is invite
Govt sets up tax policy research unit and tax policy council
03 February 2016 at 10:33Government sets-up Tax Policy Research Unit and Tax Policy Council to bring consistency, multidisciplinary inputs, and coherence in Tax Policy The Tax Administration Reform Commission (TARC) have in their First Report, identified handling of tax pol
Modifications in the Gold Monetisation Scheme
27 January 2016 at 11:14Government had launched the Gold Monetisation Scheme (GMS) on 5th November, 2015. Thereafter a number of suggestions have been received to make the scheme easier for the customers to participate. Accordingly, in consultation with Government, RBI has
Indian economy emerges as one of the fastest growing economies of the world
08 January 2016 at 10:16FM: Indian economy has emerged as one of the fastest growing economies in the world with its GDP growth accelerated at 7.3 percent in 2014-15; Economy is firmly on the path of economic revival The Union Finance Minister Shri Arun Jaitley said that I
Issue of free books to the flood affected victims in Tamil Nadu
22 December 2015 at 16:11The Council of the Institute of Chartered Accountants of India (ICAI) expresses its profound grief to the families of the people affected by the recent floods in Tamil Nadu.The Institute offers assistance by providing Study Materials, free of cost, t
Cabinet approves Real Estate Bill, 2015
10 December 2015 at 11:03The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha. The Bill will now be taken up for consideration and passing b
RBI keeps repo rate unchanged at 6.75%
02 December 2015 at 10:54Fifth Bi-monthly Monetary Policy Statement, 2015-16By Dr. Raghuram G. Rajan, GovernorMonetary and Liquidity MeasuresOn the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: keep the policy repo rate
Economy is expected to grow in the vicinity of 7.5%
01 December 2015 at 12:23The Central Statistics Office (CSO) released estimates of GDP and related parameters for Second Quarter of 2015-16 today. The Finance Ministry analysed the data and made its observation that the GDP growth rate in the second quarter of the current Fi
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