Community & General News
ICWAI promotes Institute of Cost Management Accountants of OMAN
20 November 2008 at 12:05The Institute of Cost and Works Accountants of India in its drive to promote and propagate the profession of cost and management accountancy has now taken the initiative to promote an Institute of Cost and Management Accountants in Oman. To
First convocation ceremony held at ICAI
20 November 2008 at 11:08The Institute of Chartered Accountants of India (ICAI) conducted its first convocation ceremony here on November 16.Union Minister of Corporate Affairs, Mr. Prem Chand Gupta conferred certificates to 28 All India Rank (AIR) holders. Around 2,800 scri
The President of ICAI, appointed as a member of IFAC Board
15 November 2008 at 02:55The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. During its nearly six decades of existence, ICAI
Direct tax collections registers 29.52% growth
06 November 2008 at 14:36Net direct tax collections during first seven months of the present fiscal (up to October 2008) stood at Rs.166,905 crore, up from Rs.128,864 crore, registering a growth of 29.52 percent. Growth in Corporate Taxes was 33.49 percent (Rs.105,174 crore
Amendments to the Insurance Act, 1938
31 October 2008 at 20:39Amendments to the Insurance Act, 1938; the Life Insurance Corporation Act, 1956; the General Insurance Business (Nationalization) Act, 1972 and Insurance Regulatory and Development Authority Act, 1999The Union Cabinet today gave its approval fo
Statement of Finance Ministry on inflation
31 October 2008 at 20:36The following is the statement of Department of Economic Affairs, Ministry of Finance on inflation issued here today: “Annual rate of inflation, year on year as conventionally measured, further declined to 10.68 per cent for the week
External Commercial Borrowings policy reviewed
23 October 2008 at 14:12Following is the text of statement of Secretary, Economic Affairs Shri Ashok Chawla made at a media briefing here today: “The External Commercial Borrowing (ECB) policy has be
This is a time of uncertainty..
13 October 2008 at 15:49"This is a time of uncertainty. Yet, even in a time of uncertainty there are some facts that cannot be - and ought not to be - ignored. The Indian economy continues to grow at a satisfactory rate. As recently as last week, the IMF's research departme
RBI directs banks on charges to be levied on electronic products
11 October 2008 at 20:39Levy of Service Charges for Electronic Payment Products andOutstation Cheque CollectionWith immediate effect, the framework of charges to be levied by banks for offering various electronic products and for outstation cheque collection service shall b
Statement of the Union Cabinet on Financial Situation
09 October 2008 at 00:51Following is the statement made by the Finance Minister, Shri P. Chidambaram on behalf of the Union Cabinet on the financial situation: The United States and many countries in Europe are passing through a severe financial crisis. The ripple effects o
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