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Archive: April, 2016

Posts in April, 2016

What RBI bi monthly policy April 2016 brings for investors & borrowers

April 6, 2016 2002 Views 0 comment Print

In its first bi-monthly policy RBI governor Raghuram Rajan reduced the repo by 25 bps although the market expectation was higher but still he cheered the market by his shift in liquidity management policy. RBI’s liquidity management policy will ensure better results and even real effect on market will be more than 25 bps.

Common Questions about Credit Scores

April 6, 2016 3490 Views 1 comment Print

A credit score is the summary of your report, numerically represented. This is a three digit number ranging between 300 & 900. The higher this score the better it is. On a general note, any score above 750 is considered a good score and borrowers having this score or more are favoured by lenders. Through this score banks judge your probability of default in future. A lower score would mean a high probability of default while a higher score means lower probability.

Reg. Import of blended fabric, +/- 3% variation in Count

April 6, 2016 1261 Views 0 comment Print

In case of blended fabric, +/- 3% variation in Count shall be allowed and to that extent, amendments in norms (SION/Ad-hoc) against Advance Authorisation/Duty Free Import Authorisation will not be required.

EVC for e-filed Form 35 of Appeal to Commissioner (Appeals)

April 6, 2016 6274 Views 0 comment Print

The manner of furnishing the new Form No. 35 has been prescribed by sub-rule (2) of rule 45. Sub-rule (5) of rule 45 empowers the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) to (i) specify the procedure for electronic filing of Form No. 35 and documents;

All about ‘end-to-end encryption’ Feature of WhatsApp

April 6, 2016 11695 Views 0 comment Print

Privacy and Security WhatsApp  help you stay in touch with friends, share vital information during natural disasters, reconnect with separated families, or seek a better life. Some of your most personal moments are shared with WhatsApp, which is why WhatsApp  built end-to-end encryption into the latest versions of their app. When end-to-end encrypted, your messages, […]

New instructions for preparation of B/S & P/L of a Company

April 6, 2016 64255 Views 3 comments Print

Every company to which Indian Accounting Standards apply, shall prepare its financial statements in accordance with this Schedule or with such modification as may be required under certain circumstances.

All about Panama Papers with OECD Statement & FAQs

April 6, 2016 21946 Views 2 comments Print

The Panama Papers are a leaked set of 11.5 million confidential documents that provide detailed information about more than 214,000 offshore companies listed by the Panamanian corporate service provider Mossack Fonseca, including the identities of shareholders and directors of the companies. The documents show how wealthy public officials hide their money and identify current government leaders […]

Download latest ER1 and ER3 offline utility

April 6, 2016 6628 Views 0 comment Print

In case of any difficulty with the normal download utilities, Assessees can also download the latest ER1 and ER3 offline utility from the site centralexcisechennai.gov.in or by clicking on the following link AUTOMATION OF CENTRAL EXCISE AND SERVICE TAX Download Utilities Download ER1 Return Excel Utility  Updated as on 05-04-2016 Download ER3 Return Excel Utility […]

RBI Changes Bank Rate to 7% with effect from April 05, 2016

April 5, 2016 2524 Views 1 comment Print

As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 05, 2016, the Bank Rate stands adjusted by 75 basis points from 7.75 per cent to 7.0 per cent with effect from April 05, 2016.

RBI reduces minimum daily maintenance of Cash Reserve Ratio requirement to 90 per cent

April 5, 2016 1690 Views 0 comment Print

As announced in the First Bi-Monthly Monetary Policy Statement 2016-17 dated April 5, 2016, it has been decided to reduce the minimum daily maintenance of the Cash Reserve Ratio from 95 per cent of the requirement to 90 per cent effective from the fortnight beginning April 16, 2016.

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