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Govt notifies Acquisition of 5 Associate Banks to SBI

February 22, 2017 8799 Views 0 comment Print

Government notifies orders related to Acquisition of State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

CBI Arrests three Central Excise Officials in a bribery case

February 21, 2017 3171 Views 0 comment Print

The Central Bureau of Investigation has arrested two Superintendents and an Inspector, all of Central Excise, Audit Department(Govt. of India), Murthal, District- Sonepat (Haryana) while demanding & accepting bribe of Rs.Three lakh from the complainant.

Pharma industry to reach USD 55 bn in 3 years; medical tourism major growth driver

February 21, 2017 1059 Views 0 comment Print

Indian pharmaceuticals market is expected to touch US$ 55 billion by 2020 from the current level of US$ 36.7 billion in 2016 growing at a compound annual growth rate (CAGR) of 15.92 per cent, according to ASSOCHAM-IITTM joint study.

Food processing sector to generate 9 million jobs by 2024

February 21, 2017 1281 Views 1 comment Print

Indian food processing sector has potential to attract US$ 33 billion of investment and generate employment of 9 million persons days by FY 2024, said an ASSOCHAM-Grant Thorton Research paper.

ICAI forms Group to formulate its Foreign Travel Policy

February 21, 2017 963 Views 0 comment Print

The President, in terms of the authority given to him by the Council at its 363rd meeting held on 12th February, 2017, has constituted a Group for formulating Foreign Travel Policy of the Institute, with the following composition

ICAI Group to consider study circles structure & means to obtain PAN, TAN, Service Tax registration

February 21, 2017 1803 Views 0 comment Print

ICAI has constituted a Group for considering the entire structure of study circles, exploring ways and means to obtain independent PAN, TAN, Service Tax registration and other statutory compliances

Standard Operating Procedure for protection and care of children in street situations launched

February 21, 2017 906 Views 0 comment Print

A Standard Operating Procedure (SOP) for Care and Protection of Children in Street Situations for their rehabilitation and safeguarding was released by Minister for Women & Child Development, Smt Maneka Sanjay Gandhi in New Delhi today.

New Format for Reporting Road Accidents

February 21, 2017 1530 Views 0 comment Print

Ministry of Road Transport’s New Format for Reporting Accidents.An expert committee was constituted by Ministry of Road Transport and Highways to review the format for reporting of road accidents.

Future of real estate sector is in affordable housing: Naidu

February 21, 2017 1233 Views 0 comment Print

Minister of Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu today urged real estate developers to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector. Elaborating on his statement

Leave encashment provision based on actuarial valuation is not unascertained liability

February 21, 2017 8064 Views 0 comment Print

It is an admitted fact that provision for leave encashment has been made on the basis of actuarial valuation report. Relevant notes in this regard have also been given by the assessee in its annual financial statements.

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