Others News

IMF revises down India's GDP forecast to 7.5% for '12

14 October 2011 at 11:53

The 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

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Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved

13 October 2011 at 15:25

The 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

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IIP, inflation to decide RBI move

13 October 2011 at 15:21

Two 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

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RBI turns heat on banks to check bad loans

13 October 2011 at 15:21

Following 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

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Industrial growth slows to 4.1% in August

13 October 2011 at 15:21

Pressure 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

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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 11:17

The 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

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ICAI statement on the matter of Global Trust Bank

08 October 2011 at 14:49

The 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

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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 18:58

The 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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Domestic Money Transfer - Relaxations

07 October 2011 at 18:57

Domestic Money Transfer - Relaxations RBI/2011-12/213 DPSS.PD.CO.No. 62/02.27.019/2011-2012 October 5, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks

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ICAI - President's Message - October 2011

01 October 2011 at 11:49

Let me first wish all our readers moments of great inspiration that 2nd October as birthday of the father of our nation, Mahatma Gandhi, instils in the hearts of the people of India and the world.

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