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Devise minimum income schemes for those losing jobs due to automation

May 2, 2017 2376 Views 0 comment Print

With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.

Extension of last date for submission of CPT exam application form

May 1, 2017 1440 Views 0 comment Print

It has been decided to extend the last date for submission of examination application forms in respect of CPT to be held in the month of June 2017, as a special case, to 6th May, 2017.

Centre to discuss with judiciary Bankruptcy Code: Arjun Ram Meghwal

April 30, 2017 1200 Views 0 comment Print

The Union Government will implement the Insolvency and Bankruptcy Code after considering all the legal aspects, inputs and hold discussions with the judicial authorities to ascertain their thoughts, Minister of State for Finance, Mr Arjun Ram Meghwal said at an ASSOCHAM event held in New Delhi today.

ICAI forms group to look intricacies in Disciplinary Mechanism

April 29, 2017 1098 Views 0 comment Print

Government Nominees on the Disciplinary Committee of the Institute on the Group to look into the intricacies involved in areas pertaining to the disciplinary mechanism wherein changes need to be made and thereafter, further amendments to the Chartered Accountants Act, 1949 and the Rules framed thereunder

Draft of amendments to Ind AS 101, First-time Adoption of IND AS

April 29, 2017 1308 Views 0 comment Print

Following is the Exposure Draft of amendments to paragraph D7AA of Ind AS 101, First-time Adoption of Indian Accounting Standards, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

ICAI President’s Message – May 2017 on GST, Tax Changes etc.

April 29, 2017 3843 Views 0 comment Print

The Finance Bill, 2017 proposed an insertion of Section 271J in the Income-tax Act, 1961. Considering the undue hardships to be caused to our members, the ICAI had made various representations to the Ministry of Finance, Revenue Secretary and CBDT

CBDT Signs 2 More Unilateral Advance Pricing Agreements

April 29, 2017 1029 Views 0 comment Print

The 2 APAs signed yesterday pertain to Information Technology and Banking & Finance sectors of the economy. The international transactions covered in these agreements include Software Development services, IT enabled services and KPO services.

Cyprus seeks Indian investments to enhance ties: Nicos Anastasiades

April 28, 2017 726 Views 0 comment Print

President of the Republic of Cyprus urged Indian industry to invest in the country`s key areas including banking and finance, shipping and transportation, education, science and technology, pharmaceuticals, renewable energy and tourism in order to stimulate trade and investments between the two countries said at `India –Cyprus Business Session` jointly organized by ASSOCHAM, CII and FICCI.

Need to create awareness on pension at grassroots level

April 28, 2017 909 Views 0 comment Print

Need to create awareness on pension at grassroots level

Patent application examination time may reduce to 18 months

April 28, 2017 855 Views 0 comment Print

Government is taking steps to reduce the patent application examination time to 18 months. IPR enforcement tool kit enables police to beef up govt. machinery to handle infringement issues

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