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Archive: 20 January 2017

Posts in 20 January 2017

ICAI Orientation Course in Lieu of GMCS-I course

January 20, 2017 3124 Views 0 comment Print

ICAI decided that students registered for Articleship on or after 1st May, 2012 uptill 31st December, 2014 but not completed GMCS-I course, shall be required to undergo Orientation Course (15 days) w.e.f. 1st January, 2017 in lieu of GMCS-I.

Amendment in Maternity Benefits under ESIC

January 20, 2017 4341 Views 0 comment Print

Provided also that the insured woman having two or more than two surviving children shall be entitled to receive maternity benefits during a period of twelve weeks of which not more than six weeks shall precede the expected date of confinement.

Let Budget 2017 be presented on Feb 1

January 20, 2017 9595 Views 1 comment Print

Making a strong appeal to different political parties to let the Union Budget for 2017-18 be presented to Parliament on February 1, the apex industry chamber ASSOCHAM today said the advancement to this effect would help the government to begin its capital and other expenditure right from April and revive the much needed economic growth.

Note scrapping cannot stop future generation of black money

January 20, 2017 1225 Views 0 comment Print

Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation.

ICAI declares Schedule of May 2017 CA IPC & Final Examination

January 20, 2017 4627 Views 0 comment Print

Institute of Chartered Accountants of India is pleased to announce that MAY 2017 Intermediate (IPC) and Final examinations will be held on dates given below

Digital payment promotion and cashless economy gets a boost

January 20, 2017 925 Views 0 comment Print

Digital payment promotion gets a boost-More than 3.81 lakh consumers and 21,000 merchants win prizes worth Rs.60.90 crore at Digi-Dhan Melas

Definition of Principal place of business, Proper Officer & Services under Revised Model GST Law

January 20, 2017 29137 Views 2 comments Print

Principal place of business will be place mentioned in registration certificate irrespective of the location of books and accounts. However, definition of place of business defined section 2(74) clears that it can be place where books of accounts are being kept.

CCI imposes penalty on bidders for cartelisation in tenders of Indian Railways

January 20, 2017 901 Views 0 comment Print

The Competition Commission of India (CCI) has imposed penalties on three firms for bid rigging of tenders floated by Indian Railways for procurement of Brushless DC fans in the year 2013.

CCI imposes penalties on 7 cement companies for bid-rigging

January 20, 2017 985 Views 0 comment Print

CCI’ has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies & Disposals, Haryana, in the year 2012, for procurement of cement to be supplied to Government Departments/ Boards/ Corporations in the State of Haryana.

Advancing Budget to Feb 1 will ensure quality in Govt expenditure

January 20, 2017 252 Views 0 comment Print

The Central Government earmarked close to Rs 20 lakh crore on the expenditure head of the Budget for 2016-17. It would be safe to assume that for the financial year 2017-18, the total expenditure to be allocated by Finance Minister Mr Arun Jaitley would be between Rs 22 lakh crore and Rs 23 lakh crore. This would be about 14 per cent of India’s Gross Domestic Product at current prices.

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