The Grant Thornton has invited applications from eligible candidates for the post of accounts Manager. Grant Thornton is the world’s fifth-largest professional services network of independent accounting and consulting member firms that provide assurance, tax...
RBI Governor Shaktikanta Das drew hope and inspiration from the 1929 statement of the Father of the Nation, as he announced yet another set of nine measures to smoothen the flow of finance and preserve...
The Reserve Bank of India ( RBI ) has extended the Loan Moratorium by three months from June 1st, 2020. In his third such address since the coronavirus outbreak began on March 25, RBI Governor...
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Sovereign portfolio guarantee of up to 20% of first loss for purchase of Bonds or Commercial Papers (CPs) with a rating of...
The High Court of Calcutta held that extra realization made in rupees for export sale proceeds in foreign exchange due to adverse exchange rate of rupee would be part of the export turnover in the...
The Reserve Bank of India ( RBI ) has extended the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit. A notification issued by RBI said that, In this connection, the Government of...
The Supreme Court on Friday sought the RBI’s response on a plea challenging charging interest on loans, even after the central bank ordered a three-month moratorium on the payment of EMIs. The plea before the...
The Reserve Bank of India ( RBI ) has issued Frequently Asked Questions ( FAQs) on Cash Withdrawal facility at Point of Sale (PoS) Terminals. Which types of cards are allowed for withdrawing cash at...
The Reserve Bank of India ( RBI ) has revised the guidelines for the Statutory Branch Audit of Public Sector Banks for FY 2019-20 on account of COVID-19. The Norms on eligibility, empanelment, and appointment...
Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to the closure of some debt MFs and...
The Delhi High Court in the Indiabulls Housing Finance vs. Security Exchange Board of India provides relief to the Indiabulls Housing Finance on Non-Convertible Debentures (NCD) dues. The court granted permission to Indiabulls Housing Finance,...
The Income Tax Appellate Tribunal (ITAT) held that loss caused due to currency fluctuation on the conversion of USD (US Dollar) into Swiss Franc is a capital loss for the purpose of Income Tax Act,...
The COVID-19 outbreak has almost destroyed the market, Amidst the crisis, the Indian automobile industry SIAM requested the government’s assistance and support to empower them to navigate these difficult circumstances by reducing the GST rates...
The Institute of Chartered Accountants of India ( ICAI ) has requested for relaxation in statutory filings/audit and other compliances by 60 days due to Pandemic Coronavirus. The ICAI has approached various Regulators requesting for...
The Professional Committee of the Institute of Chartered Accountants of India ( ICAI ) has issued Advisory for Bank Branch Auditors- 2019-20 for initiating the process of Statutory bank branch audit remotely to ensure timely...
The High Court of Delhi stayed the action of the Punjab and Sind Bank declaring the account as Non-Performing Assets (NPA) in the light of the circular of Moratorium Period issued by Reserve Bank of...
The Rattan India Finance Private Limited is a non-deposit taking systemically important NBFC registered with RBI is recruiting Chartered Accountant for the post of Assistant Manager Internal Audit. Job description Audit of contract closure documents...
Due to the outbreak of pandemic COVID-19, the High Court of Delhi in its recent ruling held that the Reserve Bank of India’s (RBI’s) advisory on moratorium is applicable even to loans on default as...
The Reserve Bank of India (RBI) revised facilities for residents and non-residents to hedge their foreign exchange risk on account of transactions permitted under the Foreign Exchange Management Act (FEMA), 1999. The circular was issued...
The Reserve Bank of India ( RBI ) has allowed the foreign remittances from Non-Residents to PM-CARES Fund to fight against the COVID-19 pandemic. The RBI has directed Authorised Dealer Category – I (AD Cat...
The Reserve Bank of India ( RBI ) has announced further measures for dealing with the COVID-19 pandemic. Extension of realization period of export proceeds Presently the value of the goods or software exports made...
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