Others News

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 Others | 8979 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 Others | 2760 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 Others | 1 comments | 3417 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 Others | 2679 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 Others | 9096 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 Others | 3237 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 Others | 1 comments | 3825 Views

Interest rates may remain unmoved by the dip in industrial growth

13 December 2011 at 11:16

There is no doubt that falling economic growth indicators will put more pressure on RBI, which is waging a lone fight against inflation, to change its stance If there was any confirmation needed that the economy is in the grip of a slowdown, thi

Posted in Others | 2904 Views

Banks get seat on board for AI turnaround

13 December 2011 at 11:16

The new monitoring board is expected to be established after the cabinet clears the turnaround plan India’s aviation ministry has agreed to allow Air India’s lenders to be part of a monitoring board that will oversee execution of the

Posted in Others | 7209 Views

Interest Rate on PPF

13 December 2011 at 10:46

The Provident Fund handled by the Employees’ Provident Fund Organisation is known as Employees’ Provident Fund (EPF). Rate of interest on Employees’ Provident Fund for every year is recommended by the Central Board of Trustees, E

Posted in Others | 9996 Views