Others News

Cabinet approves the Banning of Unregulated Deposit Schemes Bill, 2019

11 July 2019 at 11:25

Bill to be introduced in ensuing session of ParliamentThe Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the banning of Unregulated Deposit Schemes Bill, 2019. It will replace the banning of Unregulated Deposit Schemes Ordin

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RBI rolls out strict security guidelines for ATMs

20 June 2019 at 10:04

RBI/2018-19/214DCM (Plg.)No.2968/10.25.007/2018-19June 14, 2019The Chairman / Managing Director /Chief Executive OfficerAll BanksMadam / Sir,Security Measures for ATMsAs stated in para 15 of the monetary policy statement dated October 04, 2016, the B

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Govt takes historic decision to reduce ESI contribution rate from 6.5% to 4%

14 June 2019 at 11:27

The Government of India has taken a historic decision to reduce the rate ofcontribution under the ESI Act from 6.5% to 4%(employers� contribution beingreduced from 4.75% to 3.25% and employees� contribution beingreducedfrom 1.75% to 0.75%

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FM Nirmala Sitharaman states urgency of taxing digital economy companies

10 June 2019 at 11:40

Smt. Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs, Government of India, participated in the G20 Finance Ministers and Central Bank Governors meeting and associated events during June 8-9, 2019 at Fukuoka, Japan.

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RBI waives RTGS/NEFT charges to encourage digital funds

07 June 2019 at 11:23

Review of Charges for RBI-operated Payment SystemsThe Reserve Bank levies minimum charges on banks for transactions routed through its Real Time Gross Settlement System (RTGS) meant for large-value instantaneous fund transfers and the National Electr

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RBI cuts repo rate to 5.75% making it lowest since 2010

07 June 2019 at 11:23

RBI/2018-19/199DBR.No.Ret.BC.44/12.01.001/2018-19June 06, 2019The Chairperson / CEOs of all Scheduled and Non Scheduled BanksDear Sir / Madam,Change in Bank RatePlease refer to our circular DBR.No.Ret.BC.33/12.01.001/2018-19 dated April 04, 2019 on t

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Draft Copyright Amendment Rules 2019 released

04 June 2019 at 12:13

In order to ensure smooth and flawless compliance of Copyright Act in the light of technological advancement in digital era and to bring them in parity with other relevant legislations, the Department for Promotion of Industry and Internal Trade, Gov

Posted in Others | 3102 Views

RBI bans SR Batliboi for one year from audit of commercial banks

04 June 2019 at 12:13

Enforcement action in respect of statutory auditors of commercial banksRBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercia

Posted in Others | 3 comments | 5496 Views

ICAI President's emphasises on role of technology in CA Profession in his message

31 May 2019 at 18:00

My dear Professional Colleagues, Bound by inherent integrity and transparency, and ICAI�s Code of Ethics, auditors of our country have been imparting credibility to the financial statements. ICAI inspires them to deliver quality in their profil

Posted in Others | 1 comments | 3267 Views

ICAI UDIN generation cross 1 million

30 May 2019 at 10:38

UDIN already implementedAs you are already aware that the full time practicing Chartered Accountants have to mandatory generate UDIN for the documents certified/ issued by them. As per the mandate schedule of ICAI, UDIN was made mandatory for all cer

Posted in Others | 5607 Views