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 objectives of FSDC would
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/National Stock Exchange (BSE/NSE) had gone for an initia
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 accepting cash. As per the Reserve Bank of I
The government today said that tax arrears rose over 18 per cent to Rs 2.93 lakh crore as on March 31, 2010 against the year-ago period. The direct tax arrears grew over 16 per cent to Rs 2.48 lakh crore as on March 31, 2010 compared to Rs 2.13 lakh crore at the end of 2008-09, Minister of State for Finance S S Palanimanickam said in a written reply to Rajya Sabha.
Indian American owners of convenience stores have joined hands with the Coca-Cola company and the American Beverage Association against the proposed Federal soft drink taxes of an extra one-cent an ounce. A decision in this regard was taken at the Si
In a new service that is set to revolutionise the retail money payment sector in India, consumers will now be able to transfer money from their accounts to any other account in the country using their cellphones via the National Payment Corporation o
Government auditor the Comptroller and Auditor General of India has written to the Cabinet Secretary to ensure that no records from the office of the Commonwealth Games organising committee are removed till the audit is complete. The CAG, sources said, had written to the Cabinet Secretary in October to take steps to ensure that no damage was done to papers relating to award of contracts for the Games.
Brushing aside fears that it was sacrilegious to criticise established accounting standards in a room packed with hundreds of chartered accountants, Gautam Doshi, group managing director of Reliance-Anil Dhirubhai Ambani Group, decided it was time to turn the tables.
The Supreme Court has questioned the appointment P J Thomas as the Chief Vigilance Commissioner. Questioning the appointment the apex court said how Thomas would work as CVC since a chargesheet naming him is pending in a criminal case.
The Institute, while considering the difficulties being faced by overseas members in providing training to articled assistants has issued the revised guidelines and FAQs for training of articled assistant outside India. Please visit the links below f
