TRIPURA STATE COUNCIL FOR SCIENCE AND TECHNOLOGY VIGYAN BHAWAN, IST FLOOR GORKHABASTI, AGARTALA TRIPURA ( WEST) Notice Expression of Interest for auditing the Accounts of Tripura State Council for Science & Technology for the Financial Year 2010-11 including compilation of accounts thereof. The Expression of Interest from Chartered Accountant Firms ( located at Agartala) is hereby invited in sealed envelop for auditing ( including preparation and compilation of annual accounts viz., income & expenditure statement, receipt and payment statement, balance sheets, statements of fixed and dead stock, preparation of general ledger, preparation of bank reconciliation statements etc) for the year 2010-11 of the Tripura State Council for Science & Technology.
Expression of interest is invited from registered CA firms having at least 3 years experience and having at least one full time practicing Chartered Accountant (who should be FCA) and having annual turnover of more than Rs. 7.50 lacs for conducting internal audit of sarva shiksha abhiyan for the financial year 2010-11 i.e. head office, 21 districts, 119 brcs and 14506 schools. the firms should be empanelled with CAG of india (during 200-11) and the partners should have undergone necessary cpe programme and acquired DISA Qualficiations. only eligible firms may quote the rate of audit. separate rate should be quoted for head office, districts (including brcs and schools) and it should be inclusive of ta/da and all the taxes etc. selected ca firm will be allotted one district (including brcs & schools) the allotment of districts will be the sole discretion of the parishad.
Online Journal Released by ICAI for the month of May 2011. icai -e journal may 2011
In line with international practice, the RBI on Tuesday decided to anchor monetary policy through a single short term lending rate known as repo rate. Unlike in the past, the rate at which the RBI borrows from banks (reverse-repo) will be the benchmarked 100 basis points below the repo rates.
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on April 20, 2011, Government has approved 21 Proposals of Foreign Direct Investment amounting to Rs. 1027.20 crore approximately. Following 21 (Twenty one) proposals have been approved.
Haryana Excise and Taxation Department has collected a revenue of Rs 16,068.81 crore during the financial year 2010-11. The revenue during the previous fiscal was 24.54 per cent more as compared to 2009-10, Haryana’s Excise and Taxation Minister Kiran Choudhry said, while presiding over a meeting to review the functioning of the Department here.
The RBI today tightened the provisioning requirement for banks on certain types of bad and restructured loans as part of its prudential provisioning framework. Banks’ bad loans are classified into three categories — sub-standard, doubtful and loss. The advances classified as ‘sub-standard’ will now attract a provision of 15 per cent as against the existing 10 per cent, the apex bank said in its monetary policy statement for FY12 here.
The Reserve Bank has capped interest rates charged by micro finance institutions from small borrowers at 26 per cent, but opened for MFIs the bank credit line which was curtailed following the crisis faced by the sector in October, 2010.
Home, auto and corporate loans are likely to cost more, with the Reserve Bank raising key policy rates by half a percentage point, bankers said today. I think banks do not have any other option but to increase rates. It could be 25 basis points or 50 basis points, depending on individual banks, IDBI Bank Executive Director R K Bansal told PTI.
The Annual Policy for 2011-12 is set in conditions significantly different from those a year ago. Last year’s policy was made in an environment of incipient domestic recovery and uncertainty about the state of the global economy. While signs of inflation were visible, they were driven primarily by food items. Nonetheless, there was a clear risk of food price pressures spilling over into more generalised inflation, as the recovery consolidated and domestic resource utilisation rose to levels which stretched capacities. Throughout last year, the goal of monetary policy was to nurture the recovery in the face of persistent global uncertainty, while trying to contain the spill-over of supply side inflation.
