Thursday, March 31, 2011

India census: population goes up to 1.21bn

Indian people
India has a diverse population of a billion-plus people
India's population has grown by 181 million people over the past decade to 1.21bn, according to the 2011 census.
More people now live in India than in the United States, Indonesia, Brazil, Pakistan and Bangladesh combined.
Although its rate of population growth is slowing, India is on course to overtake China as the most populous country around 2030, figures show.
The census also reveals a continuing preference for boys - India's sex ratio is at its worst since independence.
Statistics for the past 10 years show fewer girls than boys are being born or surviving. They show 914 girls were born for every 1,000 boys under the age of six, compared with 927 for every 1,000 in 2001 census.
"This is a matter of grave concern," Census Commissioner C Chandramauli told a press conference in the capital, Delhi.
The population of India now comprises 623.7 million males and 586.5 million females.
Literacy improving
Mr Chandramauli said the increase in the population over the past decade tallies with official estimates.
The data shows India's massive population growing fast - 181 million is roughly equivalent to the entire population of Brazil - but the rate of growth has slowed.
The 2011 census charts a population increase of 17.6% from 2001, compared with one of 21.5 in the previous decade.
Uttar Pradesh remains India's most populous state - 199 million people now live there.
In the field of education there was good news, with the census showing the literacy rate going up to 74% from about 65% in the last count.
India launched the 2011 census last year. The exercise costs in the region of 22bn rupees ($490m; £300m).
Some 2.7 million officials visited households in about 7,000 towns and 600,000 villages, classifying the population according to gender, religion, education and occupation.
The exercise, conducted every 10 years, faces big challenges, not least India's vast area and diversity of cultures.
Census officials also have to contend with high levels of illiteracy and millions of homeless people - as well as insurgencies by Maoists and other rebels which have left large parts of the country unsafe.


Monday, March 28, 2011

ICAI wants entry-level salary for CAs raised From 50k to 75k

Abhijit Lele & Kalpana Pathak / Mumbai March 28, 2011, 0:58 IST

Says the rich skill-set of chartered accountants calls for a competitive package.

Companies which wish to recruit fresh Chartered Accountants (CAs) will now have to shell out more as the of Chartered Accountants of India (ICAI) has decided to advocate a 50 per cent hike in floor salary package for new accountants.

This means, minimum pay for the freshly minted accountants will work out at Rs 75,000 per month. Last year the floor was Rs 50,000 per month

"New CAs get solid grounding while doing their article ship and are good at managing business environment. The compensation should reflect the talent they possess," said G Ramaswamy, President, ICAI.

Of a total student strength of 5,300, the institute has placed 1,800 students so far. Highest salary at the institute has been offered to three students with an annual package of Rs 67.5 lakh offered by Olam International in Singapore.

"Keeping in mind the rich skill set and varied exposure that the Chartered Accountant students get during their article ship, they deserve a competitive package," said ICAI vice president Jaydeep Shah.

This season the placement process are being done out of 17 cities – 11 smaller centres and 6 large cities including Delhi, Kolkata, Chennai and Mumbai. More than 120 companies and organisations are participating at large centres. The process would complete by end of the month.

Last year the highest salary package offered at smaller centres was Rs 7.4 lakh which has gone up to Rs 9.05 lakh this year.

"The lowest salary this year has been a package of Rs 6.5 lakh but most of the students have bagged packages above Rs 8 lakh. Considering the companies had registered with us a month ago, we are not making it mandatory this year. But next year, we may look at this arrangement," added Ramaswamy.

This year, ITC made a job offer with a salary of Rs 13.92 lakhs. ICICI Bank offered jobs to 100 candidates.

The institute said, though banks including ICICI Bank, SBI, Axis Bank and Credit Suisse, have recruited in the past, MNCs such as Reckitt Benkciser, L&T, Genpact, Nestle, Olam, Lanco Infratech, are also participating this year. Other companies which participated in the placements include: TCS, Indian Oil Corporation, Capital IQ ,Vedanta Resources Plc, Reliance Industries Ltd, ITC, HSBC, Infosys and Nestle.

At present, the institute's Bangalore, Chennai, Kolkata, Mumbai, and New Delhi centres, companies which pay an annual package of Rs 7 lakh and above, are given preference on day one. On day two, companies paying an annual package of Rs 6 lakh and above to the candidates, are preferred.

Companies which participate in placements at Mumbai and New Delhi centres, pay a participation fee of Rs 3,50,000 on day one; Rs 2,00,000 on day two and Rs 1,50,000 on day three.

At Bangalore, Chennai, Hyderabad and Kolkata, the companies pay Rs 2,00,000 on day one; 1,50,000 on day two and Rs 1,00,000 on day three. Besides, the participating companies also pay a service tax of 10.3 per cent.

ICAI organises placement programmes for the benefit of newly qualified chartered accountants, twice every year. These programmes provide an opportunity to employers to interact with newly qualified CAs and is a cost effective mode of recruiting freshly qualified Chartered Accountants.

The institute also organises orientation programme for newly qualified chartered accountants by providing them with last-minute technical inputs and soft skills to face the interview process with confidence. For the current year, orientation programmes have been conducted at 17 centres across India.


Saturday, March 26, 2011

Cellphone exposure can weaken bones

WASHINGTON: A new study has revealed that electromagnetic radiation from cellular phones may adversely affect bone strength.

Men who routinely wear their cellphones on their belt on the right side have reduced bone mineral content (BMC) and bone mineral density (BMD) in the right hip, according to the study by Dr Fernando D Sravi of National University
of Cuyo, Mendoza , Argentina.

He said, "The different patterns of right-left asymmetry in femoral bone mineral found in mobile users and nonusers are consistent with a non-thermal effect of electromagnetic radiofrequency waves not previously described."
Dr Sravi measured BMC and BMD at the left and right hip in two groups of healthy men: 24 men who did not use cellphones and 24 men who carried their mobiles in a belt pouch, on the right side, for at least one year.

Test results revealed average hip BMC and BMD measurements were not significantly different between groups. However, men who did not use cellphones had higher BMC in the right femoral neck (near the top of the thigh bone), a normal left-right difference that was absent in cell phone users. Thus, men who wore their cellphones on the right side had a relative reduction in femoral neck BMC in that hip.


Shunglu’s googly traps Govt


The V K Shunglu Committee, probing the New Delhi Commonwealth Games, today landed the government in an awkward situation. While Parliamentary Affairs Minister Pawan Bansal told an agitated Opposition that Shunglu's reports were "still being examined" and thus could not be placed in Parliament, the high-level committee had already uploaded the reports on the government's website.

Sources say it was the signal of delay from the government and the fact that portions of two politically-sensitive reports had appeared in the media (The Indian Express, March 24) that prompted Shunglu to make the reports public without consulting the government.

While Shunglu's first report (on the broadcast deals) was uploaded within hours of the PMO receiving a copy, this was not the case with the next two. Shunglu's second report was given to the PMO on March 4. The third report (on city infrastructure) was submitted on March 18. The Indian Express has learnt that there were indications that the government would take a "few days" in seeking the version of the indicted departments/officials and decide on the future course of action. Delhi Chief Secretary Rakesh Mehta, in fact, received a letter from the Government yesterday asking him to collect a copy of the report from the Cabinet Secretariat on Monday.


Tuesday, March 22, 2011


Saturday, March 19, 2011

Indian central bank hikes policy rates again to curb inflation

India’s central bank Thursday hiked its short-term lending and borrowing rates by 25 basis points each for the eighth time in 15 months to tame inflation in a move that could make corporate, housing and auto loans dearer.
Reserve Bank of India (RBI) Governor Duvvuri Subbarao hiked the repurchase or repo rate to 6.75 percent from 6.5 percent and reverse repo rate to 5.75 percent from 5.5 percent. Other rates like cash reserve ratio and statutory liquidity ratio remained unaltered.
The key policy rates were tinkered for the eighth time since January last year as part of the mid-quarter review of the central bank’s monetary policy by the governor at the headquarters on Mint Road in downtown Mumbai.
Reserve Bank of IndiaThe central bank also revised upward its inflation forecast sharply to 8 percent by end-March, from 7 percent forecast in January and a lower 5.5 percent in November while the projection on growth has been retained at 8.5 percent.
“Further upside risks have stemmed from high international crude prices, their impact on freely-priced petroleum products, the increase in administered coal prices and pick-up in non-food manufactured product prices,” the central bank said.
“Policy action in the review is expected to continue to rein in demand-side inflationary pressures while minimising risks to growth, and manage the inflationary expectations and contain the spill-over of food and commodity prices into more generalised inflation.”
The apex bank also warned it would act again with policy interventions if the situation warranted. “Based on the current and evolving growth and inflation scenario, the Reserve Bank is likely to persist with the current anti-inflationary stance.”
The repo rate, often referred to as the short term lending rate, is the interest charged by the central bank on borrowings by commercial banks. A hike in the rates makes cost of borrowing costlier for the commercial banks.
The reverse repo rate, referred to as short term borrowing rate, is the rate at which the central bank borrows money from commercial banks. A hike in this rate makes it more lucrative for banks to park funds with the RBI.
The cash reserve ratio and statutory liquidity ratio determines the amounts banks have to retain in liquid assets, gold and government bonds against deposits, and together form a part of traditional instruments that help in checking liquidity in the system.

Source : EIW NEWS

What is the India's Huge 2G scam all about

Following is a primer on the second-generation spectrum allocation scandal that resulted in former communications minister A. Raja of DMK being arrested here Tuesday:
The issue dates to 2008 when nine telecom companies were issued scarce airwaves, a national resource, and licences for 2G mobile phone services at Rs.1,658 crore (less that $350 million) for a pan-India operation. As many as 122 circle-wise licences were issued.
The opposition said by giving airwaves cheap and in a controversial manner of first-cum-first-served basis, the exchequer had lost billions of dollars. It also objected to the arbitrary advancement of the cut-off date for filing applications to suit some firms.
2G scam rowBut Prime Minister Manmohan Singh himself defended Raja’s decision and said May 24 last year that his communications minister had done no wrong and had only implemented the policy that was already in place. No norm wasn flouted, he added.
The opposition nevertheless stepped up its attack with two examples on 2G spectrum sale:
- A new player, Swan Telecom, bought licences for 13 circles with the necessary spectrum for $340 million but managed to sell a 45-percent stake in the company to UAE’s Etisalat for $900 million. This swelled its valuation to $2 billion without a single subscriber.
- Another new player, Unitech, paid $365 million as licence fee but sold a 60-percent stake to Norway’s Talenor for $1.36 billion, taking its valuation to nearly $2 billion, again without a single subscriber.
Similarly, another licensor, Datacom, later became Videocon Mobile and Stel now has large stake by Bahrain Telecom. The other companies are Tata Tele, Idea Cellular, Loop Telecom, Shyam Telelink and Spice.
The isue cropped up again after auction of airwaves for third-generation (3G) services that fetched nearly $15 billion and for broadband access, which fetched over $8.5 billion to the exchequer. Accordingly the the notional loss on 2G was estimated at $12.8 billion to $38 billion.
This estimate was arrived at by the Compteoller and Auditor General of India and leaked to some sections of the media, forcing Raja to regisn Nov 5 from the union council of ministers holding the communications and IT portfolio.
The official auditor also said the entire process of spectrum allocation was undertaken in an extremely arbitrary manner and that the advise of industry watchdog, Telecom Regulatory Authority of India (TRAI), was ignored and misused.
Meanwhile, Janata Party leader Subramanian Swamy filed a suit in the Supreme Court seeking judicial intervention in giving directions to the government and probe agencies to act against Raja.
Acting on the petition, the Supreme Court had asked the solicitor general last October why Prime Minister Manmohan Singh had not responded in a timely manner to a request by Swamy to sanction proceedings against Raja.
Then in December, the apex court itself decided to monitor the probe, that was being conducted by multiple agencies, including the CBI and the Enforcement Directorate. The agencies have to submit their respective reports to the apex court by Feb 10.


Source : EIW NEWS

Friday, March 18, 2011

Tata Motors to raise prices as input costs jump

Tata motors said on Friday it would increase prices on some of its passenger and utility vehicles due to mounting input costs.
The increase in prices will be effective April 1, the company said in a statement.
"Despite continuous cost control initiatives, the company is being forced to take these increases on account of (a) steep rise in input costs," the company said.
The price increase in passenger cars will be in the range of 7,000 rupees ($155) to 15,000 rupees, or about 2 percent. Utility vehicles prices would go up by between 13,000 to 36,000 rupees, the company said.
Car sales in India hit a record high in February, driven by a burgeoning middle class and easier access to loans, but a hike in interest rates and a jump in input costs due to higher global commodity prices remain concerns for the sector.
Earlier this week, the company said its global vehicle sales rose 14 percent in February to 102,411 units.
Tata Motors, part of India's salt-to-software conglomerate Tata group, manufactures commercial and utility vehicles, and cars including the Nano, touted as the world's cheapest car.

The death toll in Japan climbed past 6,500

Tokyo (CNN) -- The death toll in Japan climbed past 6,500 on Friday as search teams continued to comb through the rubble a week after a monster 9.0-magnitude earthquake and tsunami hit the country.
Residents of towns decimated by the disaster sifted through twisted metal and broken wood beams, looking for pieces of the lives they lost.
Search crews planted red flags where they found dead bodies.
"I have no words to express my feelings. I lost my mind. We will have to start from zero," Hidemitsu Ichikawa said as he took a break from shoveling mud outside his home.
In Miyagi prefecture, officials observed a moment of silence Friday to mark the one-week anniversary of the quake.
Japan's National Police agency said 6,548 people were confirmed dead and 10,354 were reported missing as of Friday.
Schools had become impromptu morgues, with names of the dead posted on the doors, Japanese public broadcaster NHK reported.
Long lines snaked around supermarkets as survivors stocked up on supplies.
In the hardest-hit parts of the country, thousands of people, many of them frail and elderly, settled into shelters not knowing when they might be able to leave.
Japanese media have reported difficult living conditions, including kerosene shortages that make it hard to heat the shelters.
Some 380,000 people are staying at 2,200 facilities, Kyodo News reported.
"With all possible measures I'm determined, as part of the government, to improve their living conditions as much as possible," Chief Cabinet Secretary Yukio Edano told reporters Friday.
NHK reported that 25 of the nearly 10,000 evacuees from Fukushima prefecture have died in shelters.
Twenty of them were elderly people forced to evacuate from nursing homes and a hospital after problems at the Fukushima Daiichi nuclear plant. Several died as they rode without adequate medical care on a bus on the way to the high school shelter, Fukushima prefecture government officials said.
Volunteers tried to care for hundreds of patients in the school's unheated athletic building. They sent out radio messages asking people to bring in any fuel they could spare, Koyo High School principal Masaaki Tashiro said, choking up as he recounted the struggle.
"It was so far beyond anything we had ever experienced that we were doing our very best, just trying to cope with what was in front of us, he said.
"People are exhausted from the earthquake, tsunami, and now the fear of radiation," he said.
Japan's nuclear safety agency described the situation at the earthquake-damaged Fukushima Daiichi nuclear plant Friday as a "Level 5" incident -- the same rating given to the 1979 Three Mile Island accident in Pennsylvania. The rating is based on the International Nuclear and Radiological Event Scale, with 1 being least and 7 being most severe.


Avinashi Road Centre
“Tristar Towers”,
3rd Floor, West Wing, 657, Avinashi Road, 
Near Lakshmi Mills Junction, 
Coimbatore – 641 037.
Phone: 0422-4399661, 4399662; Mobile: 98433 32679 & 99943 76222
Website :,

-----    Tests  ------  Holiday 

DATE/DAY 6.30 - 9.30 am 10.30 -1.30 pm 2.00 - 5.00 pm 5.45 - 8.45 pm
30.05.2011 FINAL- Direct Tax FINAL - IDT
31.05.2011 FINAL- ACCOUNTS
01.06.2011 FINAL- Direct Tax FINAL - IDT
WED CPT- ACC CPT- QA- STATS FINAL -DEMO -DT  - Dr.Girish - Wealth Tax 6 -8 pm
02.06.2011 FINAL- ACCOUNTS
SAT CPT- ECO 7-10 CPT - LAW IPCC - Audit
05.06.2011 FINAL- ACCOUNTS
06.06.2011 FINAL- Direct Tax FINAL - IDT
MON CPT- ACC CPT- QA- STATS CPT- ACC IPCC- DEMO -IT - Dr.Girish - Wealth Tax 6 -8 pm
07.06.2011 FINAL- ACCOUNTS
08.06.2011 FINAL- Direct Tax FINAL - IDT
09.06.2011 FINAL- ACCOUNTS

Wednesday, March 16, 2011

Asian nations, India to record high growth in 2011

NEW DELHI: Global rating agency Standard & Poor's today said India's GDP would moderate to 8-8.5 per cent in 2011, though Asia would continue to record robust economic growth despite uncertainties in Japan.

India's growth rate, according to the 'Asia-Pacific Markets Outlook 2011' report released by the S&P today, would moderate to 8-8.5 per cent this year, from 8.6 per cent in the previo US year.

"We expect the region to record another year of solid growth in 2011 after 2010 proved that Asia is emerging from the crisis in a strong position, even as the economic picture for Japan following the recent earthquake remains less clear," S&P Asia-Pacific Head Tom Schiller said.

According to projections by S&P, China would grow by 9.1-9.6 per cent in 2011, while Japan could post 1.3-1.8 per cent growth in the year.

Japan, which had expanded by 4 per cent in 2010, is currently battling the impact of a devastating earthquake, followed by Tsunami last week, which triggered a radiation leakage from one of its nuclear plants.

According to S&P, the Asia-Pacific economies is poised to post solid growth in 2011. "...We expect GDP growth rates in 12 of the 14 major regional economies to moderate from 2010 growth rates, given that US economic conditions remain soft and doubts remain over the sustainability of the euro zone recovery," it said.

In the APAC region, Australia and New Zealand are expected to grow at a faster pace in 2011.

"Our baseline forecasts suggest that China, India, Vietnam, and Indonesia will show the strongest GDP growth in 2011. We believe that 2012 promises stronger growth rates across most of the region," the report said.

According to S&P, South Korea is projected to grow by 4.3 -4.8 per cent in 2011.

Within Southeast Asia, Singapore's growth could moderate to 4.5-5 per cent, from 14.5 per cent in 2010, while Malaysia is expected to grow by 4.8-5.3 per cent and Indonesia could see an expansion of 5.9-6.4 per cent in 2011.

The report also pointed out that food prices would continue to remain at elevated levels in the near term, which could be a cause of concern for the Asian region, particularly, India and China.

"There is also a risk that a sustained rise in food prices could fuel inflationary expectations and spark a bigger policy challenge for all governments around the region in the form of a wage-price spiral," S&P said in the report.

It said the central banks in Asia would continue to tighten monetary policy this year and bring in further capital control measures to prevent risky asset bubble.
eco/indi=====footlink to lead1
Sent at 2:32 PM on Wednesday ===================
First Australian film fest to be held in Mumbai

Natasha Chaku Melbourne, Mar 16 (PTI) Mumbai is all set to experience the best of Australian cinema for the first time in a five-day film festival starting March 23.

The Australian Film Festival of India (AFFI) has been specially designed as a much needed platform for promotion of movies from Down Under in the world films panorama.

The festival format includes invitation only roundtables on investment and distribution, Australian speakers at various sessions, a Bill Bennett retrospective and some of the best recent Australian features including premieres.

"To be able to put together a program which mixes a complete retrospective of a filmmaker of the calibre of Bill Bennett with a great showcase of recent Australian features, in particular 'Bran Nue Dae', 'Samson and Delilah' and 'Red Hill', each of which approaches indigenous Australia with unique points of view, and to take this program to Mumbai, is extremely exciting, in particular as we have been able to do so as a private sector initiative," said AFFI director Peter Castaldi in a statement.

Festival co-director Anupam Sharma said, "In spite of sporadic bilateral industry activities, film shoots etc, I have believed that Australia is yet to properly benefit from its relationship with the world's biggest film industry - India and other non-traditional market."

Sharma also added that this was the fundamental principle behind the film fest initiative and it has been most encouraging to receive support from Australian government and industry.

"I hope this initiative grows in the coming years providing loads of commercial and creative benefit to our film industry in Australia."

Recent Australian feature films including the winner of 7 AFI awards (including Best Film and Best Direction 2009) and the Cannes Camera D'or 'Samson and Delilah', 'Red Hill', 'Mary and Max', 'Kings Of Mykonos', 'Blame', 'Bran Nue Dae', 'Uninhabited', 'The Loved Ones' and 'The Horseman' would also be screened.

A special presentation of Paperback Hero, starring Hugh Jackman would be a part of the festival and all films are said to carefully chosen to show a rich sample of Australian culture to the Mumbai audience.

Apart from the screening of films it will also involve Australian film industry professionals speaking at FICCI FRAMES 2011 and other film events/discussions.


Sri Dhayalan

Raja’s aide Sadiq Batcha 'commits suicide'

Chennai: Former telecom minister A Raja's close associate Sadiq Batcha reportedly killed himself in Chennai on Wednesday. A Raja's close aide commits suicide

Sadiq Batcha, aide of former Telecom Minister A. Raja, also accused in the 2G scam, allegedly committed suicide on Wednesday, at his residence in Chennai.

"He was brought dead to the Apollo hospital at about 1:30 p.m. The family says he had hanged himself. Police is yet to verify anything. We are investigating," Chennai Police Commissioner T. Rajendran said.

Police have rushed to his house and are conducting enquiries.

When the body of 47-year-old Batcha was taken to the hospital, doctors declared him "brought dead."

Hospital sources said the body would be taken to a government hospital for pos-mortem.

Batcha was the Managing Director of Greenhouse Promoters, a firm under the scanner of the CBI as well as the Enforcement Directorate.

The CBI along with the ED had conducted searches at his premises late last year.

Both CBI and ED were probing the possibility of his firms acting as a front for the former minister.

Both the agencies have questioned him earlier in connection with the case.

"This (Sadiq batch committing suicide) is true. We got this news 30 minutes back. Our team is going there," said Chennai Police Commissioner T Rajendran.
However, Janata Party President Subramanian Swamy, who is also the petitioner in the 2G case, voiced his doubts over Batcha committing suicide.
"Murder and suicide will be a part of this case as lot of big people are involved. Their money, career and reputation is at stake. Sadiq was not a weak heart. He was a hard boiled character. I want to be doubly sure on whether its a suicide or not," said Swamy.
Batcha was the Managing Director of Greenhouse Promoters, alleged to be a front company for Raja.
The Central Bureau of Investigation (CBI) had questioned him in connection with the 2G spectrum scam, and had raided the offices in December last year.
Interestingly, Raja's wife was a director in Greenhouse Promoters.
According to the CBI, Batcha and Raja had floated the company in 2004 to divert the kick backs Raja received in the 2G scam
The CBI was investigating whether Foreign Exchange Management Act (FEMA) and Reserve Bank of India guidelines were followed for setting up the foreign arm and subsequent money transfers between the company and its Singapore arm.
Investigating agencies were also looking into how a company that was formed with a capital of Rs 1 lakh in 2004 soared to revenues of over Rs 600 crore in just five years.

Source: EIW NEWS

Tuesday, March 15, 2011

News Headlines for 15mar 2011

Special Examinations for candidates under Mutual Recognition Agreements [MRAs] / Memorandum of Understanding [MoUs] with Foreign Accounting Bodies

Posted: 15 Mar 2011 08:42 AM PDT

Special Examinations for candidates under Mutual Recognition Agreements [MRAs] / Memorandum of Understanding [MoUs] with Foreign Accounting Bodies 1. BACKGROUND The Institute of Chartered Accountants (ICAI), as a international professional dev...

Jurisdiction of Companies Act under which SFIO is functioning is restricted to India only

Posted: 15 Mar 2011 08:11 AM PDT

Jurisdiction of Companies Act under which SFIO is functioning is restricted to India only The jurisdiction of Companies Act, 1956 under which the SFIO is functioning is restricted to the territory of India. Investigation regarding diversion of f...

Government has prescribed percentage of profits for public limited companies and their subsidiaries - says R.P.N. Singh

Posted: 15 Mar 2011 08:11 AM PDT

Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh For Public Limited Companies and their subsidiaries ceiling as percentage of profits is already prescribed. The Governm...

Serious Fraud Investigation Office is investigating 14 cases - says R.P.N. Singh

Posted: 15 Mar 2011 08:11 AM PDT

Serious Fraud Investigation Office is investigating 14 cases – says R.P.N. Singh The Minister of State of Corporate Affairs, Shri R.P.N. Singh has stated that serious Fraud Investigation Office (SFIO) is currently investigating 14 cases. I...

Streamlining procedure for scrutiny of income-tax returns

Posted: 15 Mar 2011 04:18 AM PDT

Streamlining procedure for scrutiny of income-tax returns No.402/92/2006-MC (07 of 2011) Government of India / Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi dated the 14th March 2011 Streamlining procedu...


Thursday, March 10, 2011

Model Exam Time Table for May2011 Final And IPCC Batch

Avinashi Road Centre
“Tristar Towers”,
3rd Floor, West Wing, 657, Avinashi Road, 
Near Lakshmi Mills Junction, 
Coimbatore – 641 037.
Phone: 0422-4399661, 4399662; Mobile: 98433 32679 & 99943 76222
Website :,

ETEN CA Model Exam 
Time Table APR 2011
Date  Day Timing Level Subject
01.04.2011 Wed 2.30pm to 5.30pm IPCC Service Tax/ VAT   1 Hr
Final IDT - Customs Act   1 Hr
02.04.2011 Thurs 2.30pm to 5.30pm IPCC CAFM
Final SFM
03.04.2011 Fri 2.30pm to 5.30pm IPCC Company Law
Final Company Law
04.04.2011 Sat 2.30pm to 5.30pm IPCC Auditing
Final Direct Tax
05.04.2011 Sun 2.30pm to 5.30pm IPCC ITECH Model I
Final Adv Auditing
06.04.2011 Wed 2.30pm to 5.30pm IPCC Acc
Final ISCA
07.04.2011 Thurs 2.30pm to 5.30pm Final Mgmt Acc
08.04.2011 Fri 2.30pm to 5.30pm Final Ops Research
09.04.2011 Sat 2.30pm to 5.30pm IPCC Adv Acc
Final Fin.Reporting
10.04.2011 Sun 2.30pm to 5.30pm IPCC Acc
Final IDT - VAT / ST   1 Hr
11.04.2011 Mon 2.30pm to 5.30pm IPCC CAFM
Final SFM
12.04.2011 Tue 2.30pm to 5.30pm IPCC otherlaws
Final Allied laws
13.04.2011 Wed 2.30pm to 5.30pm IPCC Income Tax
Final Direct Tax
14.04.2011 Thurs 2.30pm to 5.30pm IPCC Auditing Model II
Final Adv Auditing
15.04.2011 Fri 2.30pm to 5.30pm IPCC SM
Final ISCA
16.04.2011 Sat 2.30pm to 5.30pm Final Mgmt Acc
17.04.2011 Sun 2.30pm to 5.30pm Final Ops Research
18.04.2011 Mon 2.30pm to 5.30pm IPCC Adv Acc
Final Fin.Reporting
19.04.2011 Tue 2.30pm to 5.30pm IPCC Acc
Final IDT
20.04.2011 Wed 2.30pm to 5.30pm IPCC CAFM
Final SFM
21.04.2011 Thurs 2.30pm to 5.30pm IPCC Law
Final Law
22.04.2011 Fri Holiday
23.04.2011 Sat 2.30pm to 5.30pm IPCC Auditing Model III
Final Adv Auditing
24.04.2011 Sun Holiday
25.04.2011 Mon 2.30pm to 5.30pm IPCC Taxation
Final Final Costing
26.04.2011 Tue 2.30pm to 5.30pm IPCC ITECH & SM
Final Direct Tax
27.04.2011 Wed 2.30pm to 5.30pm IPCC Adv Acc
Final Fin.Reporting
28.04.2011 Thurs 10am to Final ISCA

A day after chartered accountant Nidhi Gupta flung her two children off.

MUMBAI: A day after chartered accountant Nidhi Gupta flung her two children off the 19th storey of her housing society in Malad and then jumped to her death, her father alleged that she was being mentally harassed by her husband and in-laws.

The Dindoshi police said they are speaking to the Guptas (the in-laws), but have not registered a formal case against anybody. They are waiting for Nidhi's father, Bimal Jalan, to record his statement with the police.

Nidhi was married to Pawan Gupta, an exporter of readymade garments, for nine years. The couple had two children: Gaurav (6) and Mahika (3). Nidhi's father, a Worli-based stockbroker, told mediapersons on Wednesday that his daughter was well educated and was not someone who would take as drastic a step as suicide. "A suicide note could be written by anyone," Jalan said. "Nidhi was being mentally tortured by her in-laws for several years."

People close to the Jalans said Nidhi was being humiliated at her husband's place. She was not allowed to do things the way she wanted and was dominated by older women in the house. "I wanted to record my statement with the police on Wednesday. But when I visited the police station, the concerned officers weren't around. I will go there again on Thursday," Jalan said.

The police have not zeroed in on the motive yet. "We have recorded the statements of Pawan, his parents, brother Rakesh and sister-in-law Sunita. If Jalan files a specific complaint against the Guptas about his daughter being harassed, we will book them on the charge of abetting suicide," said regional additional commissioner Ramrao Pawar.

A police officer said the handwriting on the suicide note would be examined.

Todays News Head Lines For 10.03.2011

Announcement-Certificate Course on Arbitration of the ICAI

Posted: 09 Mar 2011 03:32 AM PST

Announcement-Certificate Course on Arbitration of the ICAI The Committee on Economic, Commercial Laws & WTO is planning to organise further Batches* of the Certificate Course on Arbitration at various Cities/Towns in the Regions/Branches during...

Payment of Commission to Non-Whole Time Directors of the Company under Section 309(4)(b) of the Companies Act, 1956

Posted: 09 Mar 2011 03:32 AM PST

Payment of Commission to Non-Whole Time Directors of the Company under Section 309(4)(b) of the Companies Act, 1956 General Circular No:4/2011 Dated 04.03.2011 -...

Wednesday, March 2, 2011

On Rabindranath Tagore's 150th Birth Anniversary RBI Launched 150 Rupee Coin

Reserve Bank of India launched 150 Rupee Coin
India celebrating the Rabindranath Tagore's 150th birth anniversary. On this celebration Reserve Bank of India launched the 150 Rupee coin in the memory of Nobel Winner Sir Rabindranath Tagore. Newly launched 150 Rupee coin is about 40 mm in diameter and It's weighs is about 35 grams. The coin of 150 Rupee contain Rabindranath Tagore image on one side and on another side it will contain the image of Ashok Stambha.

Both Side of Indian 150 Rupee Coin



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