Charges – Details The registered entities will have to pay a basic charge of 1,000 p.m. per user ID for the service. This basic charge will be paid in advance for 12 months at the time of registration. All registered users (except software based users) will have access to screen based query with a restriction of 750 PANs per day per user ID. Before the end of the 12th month, the entity should effect payment for the next 12 months for continuation of the service.
In an effort to protect the interests of pre-paid mobile services users, telecom regulator Trai today said they can now get an itemised bill from service providers on request and at a price not exceeding Rs 50. The consumer can also get details of his tariff plan, available balance in his account and details of any value-added service activated on his telephone number at any time from the service provider, free of charge.
The government says it will soon notify 100 per cent foreign direct investment in single-brand retail. Secretary in the Department of Industrial Policy and Promotion (DIPP) P K Chaudhery said this in response of a question about issuance of notification of 100 per cent FDI in single-brand retail.
Union Finance Minister, Shri Pranab Mukherjee’s speech at Chennai Trade Centre “The global financial crisis and the current international economic environment has brought into focus significant challenges for governments across the world. India has also been impacted and continues to face challenges on several fronts. Yet, I would say that we have done well in maintaining the growth momentum in what have been uncertain and difficult times. More importantly, we have taken important steps in creating a policy framework for pursuing ‘inclusive growth’ as the core of our development agenda.
As you are aware, the Institute of Chartered Accountants of India is the regulator of chartered accountancy profession in India, having been set up by the Parliament under the Chartered Accountants Act, 1949. The Internal Audit Standards Board of the Institute of Chartered Accountants of India was constituted in 2004 to reinforce the primacy of the Institute of Chartered Accountants of India in the area of internal audit. The primary mission of the Board is to enable its members to provide more effective and efficient value added services relating to internal audit to the Industry and others by issuing Standards on Internal Audit, Guidance Notes and Industry Specific Technical Guides. For this purpose, the Board as identified in the Action Plan/ Road Map had a three pronged approach as follows:
The Central Bureau of Investigation has arrested an Enforcement Officer, Employees Provident Fund Organization, Fort Road, Kannur (Kerala) for demanding and accepting a bribe of Rs.30,000/- from the complainant.
The Central Bureau of Investigation had registered a case against officials of Chennai Customs and others U/s 120-B r/w 420 IPC and Sec. 13(2) r/w 13(1)(d) of Prevention of Corruption Act, 1988 on the allegation that during the period May-June, 2011, the Customs officials conspired with a private firm based at Chennai & others and in pursuance of the same, the Chennai Customs Officials sanctioned fraudulent & false claims of Refund made by the firm. A cheque for Rs.1,19,95,259/- was issued to firm and thus caused a wrongful loss to Customs Department & corresponding wrongful gain to the firm.
This may be an appropriate point to talk about leadership at the Reserve Bank of India. All of you, residents of Kolkata, are possibly aware that RBI was born here, in this historic city of Kolkata, in 1935. The building where RBI took birth 76 years ago, 8 Council House Street, is today a heritage building. Over the last 76 years, the Reserve Bank has played a leadership role in financial sector development in India. Not only has RBI established itself as a knowledge institution engaged in the macroeconomic management of the country, but also many of today’s leading national financial institutions – IDBI, NABARD, UTI, EXIM Bank, DFHI and DICGC – owe their origins to RBI. RBI has steered the financial sector to support real sector growth and development. The schemes it pioneered such as the Lead Bank Scheme and priority sector lending – have been aimed at ensuring that growth and development are equitable and inclusive. That several other countries emulated these programmes is a testimony to their value and resilience. Driven by an abiding belief that financial inclusion is a necessary condition for equality of opportunity, the Reserve Bank has, in recent years, been aggressively promoting financial inclusion.
Risk Management is not about eliminating , or which is the same thing as completely hedging out, risk but about first determining , like one’s pain threshold, risk tolerance threshold and then aligning an entity’s existing risk, be it currency, interest rate or commodity price risk, with its risk tolerance threshold. Having said that, it would also be in order to have a sense of how risk itself is defined and measured. Risk is uncertainty of future outcomes such as cash flows. In finance theory and practice, it is typically measured by annualized standard deviation of a time-series of percentage changes in asset prices. While courting financial risks in pursuit of financial return is the staple and dharma of banking and finance industry, it is not so for industrial and manufacturing businesses ! The staple and dharma of business and industry is courting their normal core business risks in pursuit of delivering a market-competitive return on equity to shareholders.
Proposals are invited from interested CA firms for migration audit of Neelachal Gramya Bank CBS system. The details of the scope, terms and conditions of this migration audit is as under.
