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ICAI - President's Message - December 2011

   01 December 2011 at 16:15

Dear Friends, While presenting the Annual Budget for 1956-1957, the then Union Finance Minister Shri C. D. Deshmukh had said: It is enough to state broadly my view that by means of the First Five Year Plan we have laid sound foundations for a mo

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Refinancing the FCCB redemptions can spike interest costs of the Indian firms

   01 December 2011 at 11:14

In a normal business environment, when conversion rates are lower than the market prices Debt-fuelled growth can have unintended consequences if the business environment does not pan out as expected. An estimated $5.3 billion worth of foreign cu

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Ms. J. M. Shanti Sundharam, Director General, HRD as the new Member CBEC

   01 December 2011 at 11:12

Ms. J. M. Shanti Sundharam, Director General, HRD as the new Member CBEC

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Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued

   30 November 2011 at 12:05

Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Saving

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Comments/suggestions invited on 'Draft Adjudication Manual'

   30 November 2011 at 10:12

Comments/suggestions invited on ‘Draft Adjudication Manual’

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Economic growth is headed below 7%

   30 November 2011 at 10:09

Part of the slowdown is the unavoidable result of a weak global economy but part of it is self-inflicted The economic growth numbers to be released on Wednesday are likely to provide further evidence that the Indian economy is slowing down. Goin

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RBI approves Air India debt restructuring

   29 November 2011 at 10:20

Banks may be allowed to treat the national carrier’s loans as standard assets even after the recast Air India Ltd has won the central bank’s approval for a debt recast plan crucial to the state-run carrier receiving desperately neede

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CBEC seeks more staff to meet growing workload

   29 November 2011 at 10:19

The Central Board of Excise and Customs (CBEC) has asked the government for 25,000 more employees, equivalent to 40% of its current staffing level, to meet the growing workload. The finance ministry unit helps formulate policy on the levy an

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FDI in Retail Sector to create 10 million jobs: Anand Sharma

   28 November 2011 at 12:58

The decision of the Union Cabinet to permit FDI into multi-brand retail in the country will create 10 million new jobs including 6 million in the logistics sector alone, said Shri Anand Sharma, Union Minister for Commerce and Industry. Addressing

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PM got past a split cabinet to push retail FDI

   26 November 2011 at 12:55

It wasn't just a vocal opposition that was against the Cabinet's decision to allow 51% foreign direct investment (FDI) in multi-brand retail business. The cabinet itself was split down the middle, which had an animated — even heated &m

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