ICAI : Announcement – Invitation to enroll as a Member

As per the provisions of Section 24 of Chartered Accountants Act, the designation ‘Chartered Accountant’ is only possible to be used by a member of the Institute of Chartered Accountants of India. It has been observed that some of the final qualified students have not yet enrolled themselves as member of the Institute. After working …

Govt fetched Rs 12,591 from three Coal mines auction

Government kitty has swelled by Rs 12,591 crore with the sale of three mines to Hindalco, Jindal Power and Indrajit Power today, the third day of the second tranche of coal block auctions. Amid stiff competition from bidders, Hindalco Industries won Dumri mine in Jharkhand, Jindal Power grabbed Tara block in Chhattisgarh and Indrajit Power …

Govt of India calls British Experts for Clean Ganga Mission

A team of experts from UK called on Union Minister for water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti to discuss Clean Ganga Mission. The three member team was accompanied by British Deputy High Commissioner in India Mr.Julian Evans and Second Secretary Energy Security Ms. Melissa Else.The British experts also gave a power …

RBI eases norms for home loans of up to Rs 10 lakh

Giving a boost to affordable housing, the Reserve Bank of India (RBI) today eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. These charges form around 15 per cent of the cost of the house and …

Housing Loans: Review of Instructions

RBI/2014-15/491 DBR.BP.BC.No.74/08.12.015/2014-15 March 5, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Loans: Review of Instructions A. Inclusion of stamp duty and other charges in LTV ratio 1. Please refer to our circular DBOD.No.BP.BC.78/08.12.001/2011-12 dated February 3, 2012 on ‘Housing Loans by Commercial Banks – Loan to Value (LTV) Ratio’ whereby banks were …

Mob Breaks Into Nagaland Jail, Drags Out Alleged Rapist and Killed him

DIMAPUR, NAGALAND:  An alleged rapist, suspected to be an illegal migrant, was thrashed and killed by a mob which stormed the high-security central jail in Nagaland’s commercial town of Dimapur, officials said. At least 10 vehicles were also set ablaze by the unruly mob forcing the authorities to clamp curfew in Dimapur district. Syed Farid …