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Wednesday, January 12, 2005
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FINANCIAL SERVICES


With ICAI amending MCS definition — CAs can render financial insurance advisory services
PRACTISING chartered accountants (CAs) have been provided with another avenue for rendering services under the management consultancy services (MCS) space. The Central Council of the Institute of Chartered Accountants of India (ICAI) has ... More

PENSION PLANS


EPF members can opt for new pension scheme
ALL members of the Employees Provident Fund (EPF) can also participate in the new pension scheme announced by the Government. Though the scheme is primarily for Central Government employees who have joined the public services after January 1, ... More

INSIGHT


Tepid job growth will slow Fed
Most industries are saddled with excess capacity. In any case, almost anything and everything can be made more cheaply in the Third World. More

FOREX


Rupee up 16 paise; g-secs rally
MUMBAI: The rupee closed at 43.80 to the dollar on Tuesday, around 16 paise stronger than its previous day closing of 43.95/96.Despite the greenback strengthening against international currency majors, the domestic currency appreciated to ... More

GENERAL INSURANCE


Kerala: Panel to draw up insurance scheme for coastal areas
THE State Government has constituted a seven-member committee with a mandate to chalk out a comprehensive insurance scheme for the coastal population of the State. A decision to this effect was taken at a meeting of the representatives of ... More

CREDIT RATING


Crisil reaffirms rating on Tata Motors
CRISIL has reaffirmed the `AA+/Stable/P1+' ratings outstanding on the debt instruments of Tata Motors Ltd. The rating reaffirmation follows the announcement of the merger of Tata Finance Ltd (Tata Finance) with itself. Tata Motors' current ... More

PUBLIC SECTOR BANKS


Andhra Bank to open 40 more branches by March, exhaust licences
ANDHRA Bank has decided to aggressively pursue organic growth by rapidly expanding its branch network. The bank plans new branches by using up all its pending 40 licences within the current fiscal itself. "We are holding licences for 40 new ... More

GOVT BONDS


On-tap sale of 20 State Govt bonds closed
THE `on tap' sale of 7.02 per cent ten years State development loans, in which 20 States are selling the security to raise Rs 6,000 crore, has closed in respect of nine States. The States — Andhra Pradesh, Haryana, Jharkhand, Karnataka, ... More

EVENTS


Banks look up to 'kisan melas' to market farm loans
THE Union Finance Minister's directive to double agriculture lending in the next three years seems to have made bankers look at every possible opportunity to attract farmers. Many of the banks are looking at `kisan melas' (agriculture ... More

CO-OPERATIVES


Hand over Rs 15,000-cr package for co-ops to Nabard, says panel
A TASKFORCE appointed by the Government to suggest measures to revive cooperative credit institutions has suggested that the National Bank for Agriculture and Rural Development should help in implementing the Rs 15,000 crore financial package for ... More


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With ICAI amending MCS definition — CAs can render financial insurance advisory services

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