Finance Ministers Address at 42nd Annual Conference of Southern India Regional Council of ICAI Union Finance Minister Mr. Pranab Mukherjee asked Chartered Accountants to apply Accounting Standards uniformly and assist in presenting the t
24 Hours Payment System By NPCI National Payment Corporation of India (NPCI) is providing Interbank Mobile Payment Service (IMPS) with seven banks viz, State Bank of India, ICICI Bank, Union Bank of India, Bank of India, Yes Bank, Axis Bank, HDF
Banking Licence to Private Sector Banks The Union Finance Minister in his budget speech 2010-11 had mentioned that Reserve Bank of India (RBI) would be considering giving some additional licenses to private sector players. Accordingly, RBI studi
Amount Collected as Education CESS The amount of Secondary and Higher Education Cess collected during the last three years from direct and indirect taxes are as under : Direct Taxes:
NRIs can now vote, Govt issues notification A longstanding wish of millions of NRIs for voting right in India has come true with the Centre issuing a notification to this effect to enable them to exercise their franchise. Parliament had in th
Levy of Cash Handling Charges by Banks Normally banks do not charge from their customer for depositing money to their own account. However, some banks levy charges for cash payment against credit card bills. Charges are collected at the time of
Regulation of Interest Rates Charged by MFIs The Small Industrial Development Bank of India (SIDBI) has reported that SKS Microfinance Ltd. (SKS), the only Micro Finance Institution (MFI) in India to be listed on the Bombay Stock Exchange/Nation
Formation of FSDC The Financial Stability Development Council (FSDC) is expected to come into force in the month of December, 2010. The Ministry of Finance has consulted all the financial sector regulators on the formation of the Council. The
Certificate Course on Valuation at Hyderabad: Limited Seats. Register soon Corporate Laws and Corporate Governance Committee The classes of the Certificate Course on Valuation at Hyderabad centre will start on 18t
Age-Limit for Senior Citizens Facilities The Maintenance and Welfare of Parents and Senior Citizens Act, 2007 defines ‘Senior Citizen’ as a person who has attained the age of 60 years or above. The Act provides for claim for maintena
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