Daily Archives: April 18, 2017

RBI Prudential Guidelines – Banks’ investment in units of REITs and InvITs

By | April 18, 2017

RBI/2016-17/280 DBR.No.FSD.BC.62/24.01.040/2016-17 April 18, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Prudential Guidelines – Banks’ investment in units of REITs and InvITs Please refer to the paragraph 12 of the Statement on Developmental and Regulatory Policies (extract enclosed) issued by RBI on April 06, 2017. As indicated therein, it has been decided… Read More »

Banks not to recognize Forex Gain Loss on foreign currency translation reserve in P & L

By | April 18, 2017

RBI/2016-17/281 DBR.BP.BC.No.61/21.04.018/2016-17 April 18, 2017 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Guidelines on compliance with Accounting Standard (AS) 11 [The Effects of Changes in Foreign Exchange Rates] by banks – Clarification Please refer to circulars DBOD.No.BP.BC.76/21.04.018/2004-05 dated March 15, 2005 and DBOD.BP.BC.No.76/21.04.018/2005-06 dated April 05, 2006 on the captioned… Read More »

Banks to make Additional Provisions For Standard Advances At Higher Than The Prescribed Rates

By | April 18, 2017

RBI/2016-17/282 DBR.No.BP.BC.64/21.04.048/2016-17 April 18, 2017 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Additional Provisions For Standard Advances At Higher Than The Prescribed Rates Please refer to paragraph 5 of the Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 1, 2015. 2. It is… Read More »

Category: RBI

Banks to make Disclosure in “Notes to Accounts” if Divergence in asset classification & provisioning

By | April 18, 2017

RBI/2016-17/283 DBR.BP.BC.No.63/21.04.018/2016-17 April 18, 2017 All Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Disclosure in the “Notes to Accounts” to the Financial Statements- Divergence in the asset classification and provisioning Please refer to paragraph 22 of the Fourth Bi-monthly Monetary Policy Statement, 2015-16 announced on September 29, 2015 on the captioned subject (extract enclosed).… Read More »

iGAAP 2016 A guide to Ind AS reporting – Deloitte

By | April 18, 2017

iGAAP 2016 A guide to Ind AS reporting Hardcover – 2016 by Deloitte (Author) Price Rs 5880. Click to buy online Description In February 2015, the Ministry of Corporate Affairs notified the Companies (Indian Accounting Standards) Rules, 2015 that set out the text of 39 Indian Accounting Standards (Ind ASs) and the dates of implementation of… Read More »

Guide to ICDS- Income Computation & Disclosure Standards A.Y 2017-18- 2nd Edition- Srinivasan Anand G

By | April 18, 2017

Guide to Income Computation & Disclosure Standards (2nd Edition A.Y 2017-18) Paperback – 2017 by CA Srinivasan Anand G Also Covering: CBDT Circular No. 10/2017, dated 23-3-2017 Price Rs 525. Click to buy online Paperback: 256 pages Publisher: Taxmann Publications Pvt. Ltd.; 2nd Edition A.Y 2017-18 edition (2017) View Contents of this Book Related Books on… Read More »

Punjab Minimum wages Rates increased wef 01.03.2017 – Notification -Download

By | April 18, 2017

Punjab Minimum wages Rates increased wef 01.03.2017 As per the information provided by the office of Labour Commissioner, Punjab, Chandigarh, vide Circular No.7179 dated 5th April, 2017, there is an increase of Rs.109.96 in the minimum rates of wages of each category (Unskilled, Semi-Skilled, Skilled and Highly Skilled) of employees working in scheduled employments in… Read More »