Government-backed bonds have traditionally attracted conservative investors. But fixed deposits took the sheen away from them last year after banks offered between 10 and 11 per cent yields. However, with fixed deposit rates coming down, the trend seems to be reversing. India Infrastructure Finance Company, for instance, is targeting retail investors for a Rs 2,600 […]
The said disclosure of the portfolio as on the last day of the month shall be made on or before 3rd working day of succeeding month. For example, portfolio as of March 31, 2009 shall be disclosed by April 04, 2009 – April 3, 2009 being a non working day.
In the statement of Standard Input Output Norms (SION) as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, following amendments are made against SION entry at A2361 for export product ‘Reinforced Steel Wire Braided Rubber Hose containing Minimum 35% Relevant Synthetic Rubber in Rubber Compound.
In some cases, entitlement as due, may not be claimed fully by the exporter due to software not being updated, or the entitlement as claimed by the exporter might have been reduced by RA (or sometimes by Customs, although Customs should refer back the matter to RA concerned rather than reducing the entitlement themselves) for some reason, but in appeal or by clarification from Policy division of Headquarters, the original claim has been either restored or enhanced from the value that was granted by RA; in such cases, a supplementary scrip will be issued manually by RA concerned.
The solution will enable the bank to monitor any suspicious transfer of money, including terror financing State Bank of India (SBI) has announced that it has deployed a solution to prevent money laundering across its group companies and six associate banks. The solution has been deployed by 3i Infotech in compliance with the orders of […]
Price Waterhouse (PW), the audit arm of international professional services firm PricewaterhouseCoopers (PwC), has named two more of its accounting professionals as answerable to the Rs 7,000 crore corporate fraud at Satyam Computer Services, to which its promoter Ramalinga Raju confessed on January 7. The audit firm has named P Shiva Prasad and C H […]
Co-Operative department Pune has released the Supplementary List of C.A. Firms/Chartered Accountants eligible for Audit ofUrban Co-Operative Banks in the state of Maharashtra. List can be downloaded by clicking on link given below:- Copy and paste the link below in Your Browser to download list Of Charterd Accountants eligible for empanelment for 2009-12 http://wirc-icai.org/docs/ca170309.xls All […]
Accounting regulator ICAI for the third time today extended the deadline given to four members of Price Waterhouse-Bangalore to respond to the show-cause notices issued in connection with the Rs 7,800-crore Satyam fraud case. The four Price Waterhouse CAs– P Shiva Prasad, C H Ravindranath, Srinivas Talluri and S Gopalakrishnan — have been given time […]
The Institute of Chartered Accountants of India, which frames accounting standards for the country, has opposed a proposal of the Reserve Bank of India to relax the provisioning norms for non-performing assets. According to the proposal, commercial banks need not classify a non-serviced loan under NPAs if the borrower has submitted an application for restructuring […]
Your attention is drawn to the new Procedure for appointment of Branch Statutory Auditors in Public Sector Banks for the year 2008-09 already hosted on the website. It is an open invitation to all those Chartered Accountants/ CA firms which have been conducting audits as bank branch auditors since 2004-05 onwards continuously. In case they […]
