CERTIFIED PUBLIC ACCOUNTANTS
Public Provident Fund: How nominees, legal heirs can claim a PPF account on death of the subscriber
Public Provident Fund is a popular long-term savings scheme offering tax benefits and attractive interest rates. Here’s how nominees or legal heirs can claim a PPF account on the death of the subscriber.
Threat of bad advice: A more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it
The real pitfalls arise when bad financial products are marketed as good ones, and investors fail to recognise the deceit. If you are saving and investing, encountering such schemes is inevitable; it’s not an exception, but certainty. Thus, a more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it.
PwC in major accounting scandal? China may impose record fine on PricewaterhouseCoopers over Evergrande auditing work
China is set to impose a record fine on PricewaterhouseCoopers LLP and may suspend some of its local operations due to its involvement in a major financial fraud case with China Evergrande Group. The Ministry of Finance is expected to announce the penalties soon, with a potential fine of at least 1 billion yuan. This move comes amidst heightened scrutiny on financial risks in China, with President Xi Jinping emphasizing the need for stronger financial oversight. PwC's Chinese arm, PricewaterhouseCoopers Zhong Tian LLP, was Evergrande's auditor during the period in question and has faced challenges in other jurisdictions as well.
LTC rules for central government employees released: Who is eligible, who is not? Find out here
The Leave Travel Concession (LTC) initiative offers government employees a discounted travel option to go to any destination in India or to their home town during a a block of four years. . Are all central government employees eligible for LTC? What are the terms and conditions of LTC? All you need to know.
Want to be ‘certified crypto expert?’ You need 11 hours and $229
To pass the chartered financial analyst exams and put the “CFA” letters on your resumè, at least 900 hours of study are recommended. Hitting the books for 300 to 400 hours is advised for the certified public accountant exam, which is usually taken by prospective CPAs who have completed an undergraduate degree in the subject.
Latest PPF interest rate: Was Public Provident Fund rate hiked for April-June 2024 quarter?
Latest PPF interest rate: The Public Provident Fund (PPF) is one of the most popular savings instruments. Note that only one PPF account can be maintained by an Individual, except an account that is opened on behalf of a minor.
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What is the National Savings Certificate (NSC) interest rate for October-December 2023 quarter?
The government has raised the interest rates on certain small savings schemes and post office schemes for the fiscal quarter ending December 31, 2023.
Accountant shortage leaves some US cities without credit ratings
It was among the 64 local governments and utility systems that S&P Global Ratings withdrew ratings for this month for failing to file financial information on time. In March, the company put Marion and 148 other entities on a negative credit watch.
5 private sector banks with “strong buy” and “buy” rating & upside potential of up to 28%
The exposure to the Adani group once again brought limelight back on the banking sector. There were some tremors felt in the PSU banking space, however the private sector banks did not see any major impact. This does not mean that private sector banks like ICICI, HDFC and Axis have not seen their share of troubles. For the last four years, the street readjusting the valuations as large private sector banks went through a phase change at the leadership level.
Was Sukanya Samriddhi Yojana interest rate hiked for Jan-March 2023 quarter?
This programme will help parents to fund their girl child’s higher education and/or marriage as well as ensure her financial future because it offers guaranteed interest income and tax deductions.
View: What needs to be done to bring path-breaking efficiencies in public spending in India
In the present public accounting system, which has largely remained unchanged since Independence, the funds against sanctioned budgets are sent from the central to state governments in periodic intervals, ahead of any actual expenditures being incurred by the latter, or on the submission of a statement by the state in the form of a utilisation certificate (UC).
EY to pay $100 million to settle U.S. charges of staff cheating on accountant exams
"EY acknowledges the findings determined by the SEC," said Brendan Mullin, EY media relations director, adding that the firm's response has been "thorough, extensive and effective."
Government committed to further strengthening National Financial Reporting Authority
Speaking at an event organised by NFRA as a part of Azadi Ka Amrit Mahotsav (AKAM) celebrations, Ministry of Corporate Affairs Secretary Rajesh Verma said,"We need to see what more needs to be done to strengthen NFRA to enable it to discharge its duties effectively" as well as strengthen the mandates of protecting the public interests.
ASBA applications to be processed only after blocking of money in investor's bank accounts
This will be applicable for all categories of investors -- retail, qualified institutional buyers, non-institutional investors and other reserved categories and also for all modes through which the applications are processed.
Biden nominates Indian-origin woman attorney and certified public accountant to key admin positions
Indian-American Impact, nation's leading civic Indian American and South Asian organisation, welcomed the nomination of Kotagal to the Equal Employment Opportunity Commission.
Sebi moots new disclosure framework for IPOs of loss-making cos
The move comes against the backdrop of many new age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the Initial Public Offering (IPO) route to raise funds.
Video vans can use only pre-certified content: Election Commission
The Election Commission, while allowing parties to deploy video and digital vans for publicity in poll-bound states, issued a set of guidelines on Saturday that require all content aired on video vans to be pre-certified by the media certification and monitoring committee. Also, the video-vans have been asked to stick to propagating the party’s policies and programmes and not seek support for any particular candidate.
NRI Helpdesk: Do you need to close your NRE account after coming back to India?
For our NRI readers, we have started an immigration helpdesk. Write to us at [email protected] and our team of experts will address the most pressing issues.
Govt mandates energy accounting of discoms to reduce T&D losses
The notification stipulates quarterly energy accounting by DISCOMs, through a certified energy manager, within 60 days. There will also be annual energy audit by an independent accredited energy auditor. Both these reports will be published in the public domain.
Sebi reduces time for filing application to obtain NOC for release of 1% of issue amount
Under rules, the issuer company deposits 1 per cent of the issue amount of the securities offered to the public and/or to the holders of the existing securities of the company, as the case may be, with the designated stock exchange.
Cabinet approves mutual recognition pact between India's ICAI and Malaysia's MICPA
This would enable appropriately qualified chartered accountant members of either institutes to join the other by receiving appropriate credit for their existing accountancy qualification.
Institute providing coaching, accommodation to CA/CS students not exempt from GST: AAR
The AAR observed that the applicant is not approved by the Institute of Chartered Accountants of India/Institute of Cost Accountants of India/Universities to conduct coaching/training of students as per the syllabus prescribed by them to obtain qualifications granted by the said institution.
To add-back or not: How will COVID-19 losses impact valuation in M&A transactions?
‘Earnings Before Interest, Tax, Depreciation and Amortization’ or ‘EBITDA’ and its multiple is a common benchmark in M&A and private equity transactions to determine the fair valuation of a company and therefore, to determine earn-outs and other post-closing adjustments.
4 Indian-Americans win state, local elections in US
Indian-American Ghazala Hashmi, a former community college professor, created history by becoming the first Muslim woman to be elected to the Virginia State Senate, while Suhas Subramanyam, who served as the White House technology policy adviser to former president Barack Obama, has been elected to the Virginia State House of Representative.
Bharti Airtel appoints Nakul Sehgal as Corporate Chief Financial Officer
Bharti Airtel Thursday said that it has roped in Telenor's Malaysian unit former CFO Nakul Sehgal as Corporate Chief Financial Officer, to look after fund raising of the company and Airtel Africa IPO.
Indian 'shadow economy' to shrink to 13.6 per cent of GDP by 2025: ACCA
Shadow economy refers to the production of and trade in goods and services that are deliberately and often illegally concealed from public authorities.
More Indians want 'big picture' tax policymaking: Survey
Across the G20, only 52% respondents are likely to have trust in multinationals' tax arrangements, and just 49 per cent think that tax incentives should be offered.
The 11 worst money habits of 20-somethings and how to fix them
The class of 2014 is the most indebted class thus far. The average class of 2014 graduate will be stuck paying off $33,000 in student loan debt.
Indians now able to sit for US CPA Exam in Middle East
The announcement was made by the American Institute of Certified Public Accountants, National Association of State Boards of Accountancy and Prometric.
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