Community & General News
Government Takes Necessary Action to Protect Markets while Keeping Close Watch on Global Developments
06 September 2011 at 18:03The uncertainty in the global markets due to recent developments in United States of America (USA) and Eurozone has had some impact on major markets across the globe, including India. However, Indian markets were less affected as compared to some
Branch Expansion of Foreign Banks in India
03 September 2011 at 11:37As on 29.8.2011, 38 foreign banks are functioning with 321 branches in India. Reserve Bank of India has givenfollowing approvals for opening maiden branch/branch expansion in India during 2010 and 2100:- Branch/Branch expansion in India du
FEMA Violations - Not to be prosecuted as a civil in nature
03 September 2011 at 11:37The Foreign Exchange Management Act, 1999 is a civil act in nature as such there is no provision for launching the prosecutions. During the last three years i.e. 2009-10,2010-11 and 2011-12 (upto July 2011) , the Directorate of Enforcement has
Indian Growth Story to Remain Largely Intact
03 September 2011 at 11:37The uncertainty in the global markets due to recent developments in United States of America (USA) and Euorzone have had some impact on capital markets in India. The economy, however, is basically domestic demand driven, as about 85 per cent of it
Legislation for Protection of Interest of Depositors
03 September 2011 at 11:36The Reserve Bank of India (RBI) Act, 1934 provides adequate protection to small depositors in financial institutions. The interest of Depositors in financial establishments can be broadly divided into two segments (a) companies registered as Non-Ba
Government takes Various Steps to Curb Circulation of Fake Currency
03 September 2011 at 11:20The steps taken by the Government to curb circulation of Fake Indian Currency Notes (FICN) in the country include stepping up of vigilance by the Border Security Force and Custom authorities to prevent smuggling of fake notes; dissemination of i
ICAI - President's Message - September 2011
30 August 2011 at 15:22Let me first offer my sincere regards to the former President of India and great philosopher Dr. Sarvepalli Radhakrishnan on the eve of the Teachers Day that is celebrated on 5th September, i.e. his birthday
Notice for Membership Fee to avoid from Cancellation of Certificate of Practice
30 August 2011 at 13:41FOR ATTENTION OF MEMBERS In order to avoid removal of their names from the Register of Members and cancellation of Certificate of Practice, Members who have not paid their fees are requested to remit the same on or before 30th September, 2011 as
RBI releases Draft Guidelines for Licensing of New Banks in the Private Sector
29 August 2011 at 15:48RBI releases Draft Guidelines for Licensing of New Banks in the Private Sector The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of New Banks in the Private Sector”. The Reserve Bank has
FM Confident of Indias Capacity to Come Out Stronger from any International Financial Crisis
29 August 2011 at 15:47Finance Minister Confident of Indias Capacity to Come Out Stronger from any International Financial Crisis; calls for Greater Policy Transparency, Coherence and Coordination Across Sectors and Different Levels of Government The Union Fina
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