India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
The share capital of the company is Rs 1 crore (Rs 10 million).
Interestingly, India had objected to the establishment of a UNHCHR when it was proposed by the US at the Vienna Conference on Human Rights in July 1993 and the whole proposal was remitted to the General Assembly in New York because India and others said that the whole issue should be examined in detail, says Ambassador T P Sreenivasan, who had led the Indian delegation for negotiating the terms of the HCHR.
If the finance minister's tax proposals have stimulated demand at all, it's for CAs, notes Kanika Datta.
RICS, the UK-based self-regulatory body for qualification and standards in land, property and construction, said the upward revision in repo rate in October by RBI is likely to increase pressure on real estate developers.
Replying to the debate on the Finance Bill in Lok Sabha, the minister said he did not propose any change in the tax rate but only provided few rebates which will boost spending and help the economy.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
Special audit report conducted by the PricewaterhouseCoopers on Multi Commodity Exchange has met with another opposition. Earlier FTIL, the promoter of MCX had opposed its contents and now Venkat Chary who is FTIL's non-executive chairman has sent a notice to PwC. PwC report submitted to the FMC in last April mentioned the names of Key Management Personnel of MCX and the name of Venkat Chary was mentioned in that list. Chary was Chairman, MCX, during that period. Chary who had in past also served as Chairman of FMC objected to the PwC mentioning his name as the key management personal of MCX. He wrote to the audit firm saying that he was FMC-nominated Non-executive Independent Director and Chairman on the Board of Directors of MCX till July 13 when he resigned following revised FMC guidelines which laid down 70 years as the maximum age for Chairman/Director. Chary sighted provisions of Companies act and Section 2(51) of the Companies Act, which defines " key managerial personnel" in relation to a company include CEO or MD, whole time director, CFO, company secretary and other officer as prescribed. "As non-executive independent director and Chairman nominated/approved by the FMC, I did not fall within any of the above categories," said Chary and hence blamed PWC for not showing due diligence in your special Report to the FMC. Chary has sent a notice to PWC asking it to take immediate steps to rectify this error. Since PwC Report was placed in the public domain, "it has caused serious damages to my reputation as a practising Advocate of the Bombay High Court." Chary has asked PWC if remedial action are not taken he will report the case to the Institute of Chartered Accountants of India for professional misconduct under the Chartered Accountants Act, 1949, by showing gross negligence in the in professional duties. Chary has said, "I also intend to resort to the civil and criminal courts for damages/action against PWC." When contacted PwC spokesperson said that, "Our work has been executed to the expected professional standards and we stand by the content of our report submitted to the Forward Markets Commission". Chary is not the first to oppose PWC, FTIL it self had said the report was prepared without giving them chance to respond and have not accepted contents. Recently, Riddhi Soddhi Bullion, had sent a legal notice for mentioning its name as 'indulging in wash trades on MCX.' The leading bullion trader had claimed damages in their defamation suit.
The hotel is equipped with new, clean air technology which promises its guests the cleanest air in the city on par with global standards.
'I would not be running had it not been for the army.' 'I learned to value my time only after I was posted in Kashmir.' 'I was posted there for three months. In those three months I learned everything about life.'
Bosch Limited's Bengaluru plant reached the settlement with its Workmen Union-Mico Employees' Association on December 8 and, with this, the prolonged "illegal" strike called by the Union comes to an end, it said.
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Indian households put bulk of savings in bank deposits and insurance; the returns are minimal. If you're part of this, change.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
A chartered accountant by training, Bala understands the nuances of electoral politics.
India handed over a dossier to Pakistan to take action against the JeM, as pressure mounted on Islamabad to take action against individual and organisation listed by the UN Security Council as terrorists.
Any business that makes inter-state supply is outside the ambit of the scheme
PwC one of the big four audit firms, has expressed disappointment at the conviction of two former partners in the Satyam scam.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
To send a notice under money laundering law.
This is the first visit by diplomats to the newly carved out UT.
'If questioning and dethroning hierarchies is your primary motive, why not put an end to the practice of announcing your shining star, your box office draw, in big flaming letters and mentioning everyone else's name in small font at the bottom of the screen?' asks Sreehari Nair.
India Inc had few tough issues to deal with in 2014.
CBI has also summoned a senior official of Reliance Industries Limited and a noted chartered accountant.
"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.
Why is an NRI banker with an MBA from MIT canvassing votes in Madurai?
Technically, the Indian economy is on road to recovery.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
In his letter to the prime minister, Hazare said he would continue the campaign in the capital till the Lokayukta is not appointed and the Swaminathan Commission Report is not implemented.
A new rule has been drafted by aviation regulator Directorate General of Civil Aviation formally empowering the pilot-in-command of all flights to take suitable action to prevent such commotion which could endanger safety of the flight or passengers or crew members.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
Company identifies areas like cognitive technologies, artificial intelligence, man-machine interface, robotics
Bibi was convicted in 2010 after being accused of insulting Islam in a row with her neighbours. She always maintained her innocence, but has spent most of the past eight years in solitary confinement.
facilities at Bangalore one understands the financial year end frenzy at these establishments and the slipshod slippages in timeframes, quality of overhaul, servicing and quality control across the board, for aircraft and equipment alike,' says Group Captain Murli Menon (retd).
India's forex reserves recently declined by $704 million to $354.517 billion.
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