assenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for AC 2 tier and 30 paise per km for AC I.
India Railway Budget presented today 14 March 2012 in the Parliament. Union Minister Dinesh Trivedi present the Railway Budget 2012-13. Rail fare hike possible in this budget. From last many year government not increased rail fairs. New premium scheme on reservation for a confirmed berth Announced. Minister are going to announce High speed Trains in india Like Bullet Trains. Government is likely to impose a safety cess also.
The three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 is being organised by the Institute of Cost Accountants of India (ICAI) here in New Delhi at Vigyan Bhawan from tomorrow onwards. It will focus on Enhancing the long term enterprise value- Environment, Society and Governance – Towards New form of Business Reporting and be inaugurated by the Minister of State for Corporate Affairs, Shri R.P.N. Singh. Shri Naved Masood, Secretary in the Ministry of Corporate Affairs will deliver Special Address during the Inaugural Session.
Mr.Gopalakrishnan said that the Standing Committee acknowledges the representation received from The Institute of Cost Accountants of India demanding the changes in the definition of Accountant and the request for inclusion of Cost Accountant in the Accountant definition. The Institute feels this that this is a very important step which will enable the wider inclusion of related professionals in the definition of Accountant as compared to the strict interpretation as has been done in the past.
A member of public can always approach the Minister concerned with a complaint for redressal of grievances. As per this Department’s guidelines, any grievance should be redressed within a period of maximum two months of its receipt.
Candidates who have applied for May 2012 Chartered Accountants exams are requested to note that admit cards with photographs and signatures of the candidates will be hosted on http://www.icai.nic.in generally 21 days prior to the commencement of the examination. Candidates may print their admit cards from the website, which will be valid for admission to the examination.
The Central Bureau of Investigation has filed a chargesheet against the then Commissioner, Central Excise-Delhi-I; Superintendent, Central Excise, Delhi; a middleman(Private person) and two other private persons in the Court of Special Judge for CBI Cases in a bribery case. The Court has taken the cognizance of the said offences.
The Government has initiated action on various fronts to tackle the menace of black money. These include enactment of the Benami Transactions (Prohibition) Act, amendment of the Prevention of Money Laundering Act, setting up of a special committee to examine measures to strengthen laws to curb black money generation in the country, and commissioning of studies by independent agencies to assess the quantum of black money both inside and outside the country. The framing of the General Anti-Avoidance Rules and Controlled Foreign Company Rules has been taken up under the proposed Direct Taxes Code. Efforts are underway to build political consensus on the Goods and Services Tax, which will give a major boost to the economy by rationalising indirect taxes and giving full input credit.
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Mr. M.Gopalakrishnan, President of The Institute of Cost Accountants of India, announced, that the cost and management accounting profession, is gearing up for the new form of business reporting, which has to address the long term shareholder value as against the short term market oriented reporting as at present. On the occasion of the National Cost Convention to be held at New Delhi, from 15th to 17th March 2012, he said that a major transformation is in the offing, related to business reporting scenario.
