Search articleship and jobs

Listing of 10000+ all over India CA firms at our search engine. You can list out vacancies in your firm also.

Summary Notes, FTR, Table Format for major subjects

You can also share your knowledge and files with us. You might feature on our website and social profiles with photo and name.

Resumes (CV) for articleship

Download sample resumes (curriculum vitae) specially prepared for articleship and CA related jobs..

Perfect guidance about selection of articleship firm

Expert advice on how to select firm, how to comply all formalities and everything about articleship...

Contribute files to our website and we may publish it with your name and photo

Get famous and share your knowledge. You might feature on our website and social profiles with photo and name.


Tuesday, August 11

Download Sample Resumes / Curriculum Vitae ( C.V. ) and Cover Letter for CA Articleship and Job application





The post is being updated on regular basis, whenever we find an attractive resume.
[Last updated on 11/08/2015]


In today's time carrying a Resume/C.V. while appearing for an interview has become an indispensable part of a job search. A good and organized resume gives a good impression of yours in the organization.





Sample Resumes:


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Below are some Google Docs (Google Drive) resume templates created by us. Please see this post after logging in with your google account (Click here to log in with your google account), then only you will be able to see "google drive" templates, which you can edit by clicking on "use this template" and edit the way you want. Afterwards download it in your PC or just save it in your google drive.




















Or If you didn't like above sample then click on below Resumes samples to download-

1. Sample Resume Template 

2. Sample Chronological Resume Template with Tips

3. Sample Chronological Resume Template

4. Sample Formal Resume Template

5. Sample Classic Resume Template


6. Sample Executive Resume Template

7. Sample Functional Resume Template with Tips

8. Sample Functional Resume Template

9. Sample Modern Resume Template

Articleship Search, Selection, Procedure - All at one place (One post for all articleship related issues)

Articleship is the most crucial part of CA course and one decision will govern your 3 years. This post is for all students who are going to start articleship or students already pursuing articleship having any problem.

Monday, August 10

Guidelines for IPCC Pass-Outs (Applying For Articleship & Registration For CA Final)

We at CA helpers believe in helping others and thats what our name as well as tag-line also suggests. We are of the opinion that helping is our religion. In order to help all IPCC passouts and New students who have done B.Com (direct entry route) and existing articled assistants, we have brought so many things. But to help you in efficient way, we are listing those posts at one place. Thanks for your support...


CLICK HERE TO DOWNLOAD RESUME (C.V.) FOR ARTICLESHIP APPLICATION

As such there is no due date to apply for articleship and CA Final. But If you want to get your attempt in the due attempt itself, i.e. 3 years from the attempt of IPCC G-1 clearance (eg. For Nov. 2012 attempt passout - due attempt will be Nov. 2015) then apply for articleship and CA Final before 30th April (Nov. attempt passouts)/31st October (May attempt passouts). But it is advisable to get register and get franking/stampping done,in one month from the day of announcement of result.



PRACTICE TO BE FOLLOWED FOR  ARTICLESHIP & CA FINAL-



1. Search the Appropriate Firm


WHAT IS GOOD FIRM? WHAT TO SEE BEFORE APPLYING FOR ARTICLESHIP? (CLICK HERE TO READ)

=> Our advice to all of you to go for the medium firm.

=> Which gives you exposure in all kind of traditional and modern CA works.
=> Leave for exams will be given as per your requirement (Better to define these boundaries before starting articleship)=> You can attend classes daily=> Less outstations

If you are going for in Big4 then you may have to sacrifice classes and leaves.


Importantly, we are just expressing our views, you may have a different opinion. Its just an advice to our fans.


Search Firms for articleship



2. What to be kept in mind

Try to join the firm of person who is known to you, or where any of your known person has done articleship. As many firms are very strict for outstations, leaves and extension. That may be a problem if you are not defining terms of your employment (articleship) before starting the articleship.



3. MOST MOST IMPORTANTLY

Many people, fill up the forms on very first day of articleship. This is a wrong practice. you will have to work in the particular climate for next 3 years, you must be at least comfortable with the environment of the particular office. First, Do work on trial in firm of your choice for 2-3 days.



4. FORMS and OTHER FORMALITIES


A) Forms Required for ARTICLESHIP

i. Form 102

To be purchased from ICAI chapter. It is necessary to get form 102 franked from a bank near by you with Rs. 100 stamp (remember only form 102 requires franking and franking is to be done within 1 month of exam result or you can extend this upto 30th April/31st oct., so as to make your attempt due on time). It is to be filled up by you and signed by your principal.

ii. Form 103

To be purchased from ICAI chapter. It is to be filled up by you and signed by your principal.

iii. Form 112

(Applicable to only, who are engaged in any other full time course with CA, i.e College or any business)

To be taken free of cost or from ICAI chapter (downloaded from here) . It is to be filled up by you and signed by your principal as well as your college's principal (B.Com pursuing students).


B)Form for registration in Final

To be purchased from ICAI chapter. It is to be filled up by you and signed by you.


5. Formalities
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FILL UP Form 102, 103 & 112(if applicable) and GET THEM SIGNED for starting articleship, must be done before 31st March / 31st October. After getting all forms duly filled and signed, SUBMIT the forms personally to ICAI branches or forward them by speed post to Region H.O.


You may download any forms relating to CA course (available online) @
http://cahelpers.blogspot.com/2011/06/all-ca-forms-at-one-place_1306.html

Regards,
Team CA helpers

Wednesday, June 24

SEBI eases start-up listing norms, makes it easier to access markets

Start-ups have welcomed Sebi's decision to ease rules for listing on domestic exchanges saying it will provide them the much needed access to funds.

Sebi's move is mainly aimed at helping start-ups to raise money locally by tapping the capital market rather than going overseas.

While most of these new age companies are pleased with proposed regulations, some are expecting more relaxations including possible tax incentives for investors.

Under the new norms approved by Sebi's board today, stock exchanges would have a separate institutional trading platform for the purpose of listing start-ups while the minimum amount that needs to put in by an investor should be Rs 10 lakh.

"Sebi's proposed plans to implement e-IPO and start-up specific listings platform is a welcome move that will provide much needed access to funds for start-ups," leading e-retailer Snapdeal's spokesperson said in a statement.

"For us at Snapdeal, we are particularly pleased with this move considering that easing of listings norms will benefit India focused companies like ours in the long run," it added.

Echoing a similar view, Funtuse Founder and Business Development Manager Sidharth Dhingra termed the Sebi decision as a good initiative and a "small step in the right direction".

"But unless tax incentives are provided to investors of startups, most firms will still list outside of India for valuations concerns," he added.

Voonik.com CEO Sujayath Ali said it would be good if the minimum investment amount can be reduced to Rs 5 lakh.

"We believe that this would be a great platform for start ups... to raise funds in a regulated yet stimulating environment and more importantly it is a great way for investors to invest in start-ups without substantially large risks," Makemyreturns.com's co-founder Vikram Ramchand said.

The new start-up platform would ensure that Indian start-ups prefer to list on Indian exchanges instead of going to foreign boursse, BSE's MD and CEO Ashishkumar Chauhan said.


Spurce: dnaindia.com

Tuesday, June 23

Case Law: Long Term Loss on sale of equity shares can be set off against Long Term gain on Sale of Land - ITAT Mum

Raptakos Brett & Co. Ltd. v. DCIT (ITAT Mumbai)


Verdict in Nutshell:
S. 10(38), 70(3): Though the LTCG on sale of equity shares (subject to STT) is exempt from tax u/s 10(38), the long-term capital loss on sale of such shares can be set-off against the taxable LTCG on sale of another asset.



Download Link:
Click here to Download the Copy of Verict


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Issue Involved:The main issue is whether Long term capital loss on sale of equity shares can be set off against Long term capital gain arising on sale of land or not, as the income from Long term capital gain on sale of such shares are exempt u/s. 10(38). The nature of income here in this case is from sale of Long term capital asset, which are equity shares in a company and unit of an equity oriented fund which is chargeable to STT.



Points of Consideration for Judgement:
(i) First of all, Long term capital gain has been defined under section 2(39A), as capital gains arising from transfer of a Long term capital asset. Section 2(14) defines “Capital asset” and various exceptions and exclusions have been provided which are not treated as capital asset. Section 45 is the charging section for any profits or gain arising from a transfer of a capital asset in the previous year i.e. taxability of capital gains. Section 47 enlists various exceptions and transactions which are not treated as transfer for the purpose of capital gain u/s. 45. The mode of computation to arrive at capital gain or loss has been enumerated from sections 48 to 55. Further sub section (3) of section 70 and section 71 provides for set off of loss in respect of capital gain.

(ii) The whole genre of income under the head capital gain on transfer of shares is a source, which is taxable under the Act. If the entire source is exempt or is considered as not to be included while computing the total income then in such a case, the profit or loss resulting from such a source do not enter into the computation at all. However, if a part of the source is exempt by virtue of particular “provision” of the Act for providing benefit to the assessee, then in our considered view it cannot be held that the entire source will not enter into computation of total income. In our view, the concept of income including loss will apply only when the entire source is exempt and not in the cases where only one particular stream of income falling within a source is falling within exempt provisions.

(iii) Section 10(38) provides exemption of income only from transfer of Long term equity shares and equity oriented fund and not only that, there are certain conditions stipulated for exempting such income i.e. payment of security transaction tax and whether the transaction on sale of such equity share or unit is entered into on or after the date on which chapter VII of Finance (No.2) Act 2004 comes into force. If such conditions are not fulfilled then exemption is not given. Thus, the income contemplated in section 10(38) is only a part of the source of capital gain on shares and only a limited portion of source is treated as exempt and not the entire capital gain (on sale of shares). If an equity share is sold within the period of twelve months then it is chargeable to tax and only if it falls within the definition of Long term capital asset and, further fulfils the conditions mentioned in subsection (38) of section 10 then only such portion of income is treated as exempt. There are further instances like debt oriented securities and equity shares where STT is not paid, then gain or profit from such shares are taxable.

(iv) Section 10 provides that certain income are not to be included while computing the total income of the assessee and in such a case the profit or loss resulting from such a source of income do not enter into computation at all. However, a distinction has been drawn where the entire source of income is exempt or only a part of source is exempt. Here it needs to be seen whether section 10(38) is source of income which does not enter into computation at all or is a part of the source, the income in respect of which is excluded in the computation of total income. For instance, if the assessee has income from Short term capital gain on sale of shares; Long term capital gain on debt funds; and Long term capital gain from sale of equity shares, then while computing the taxable income, the whole of income would be computed in the total income and only the portion of Long term capital gain on sale of equity shares would be removed from the taxable income as the same is exempt u/s 10(38). This precise issue had come up for consideration before the Hon’ble Calcutta High Court inRoyal Calcutta Turf Club v. CIT (1983) 144 ITR 709 (Cal).

(v) Though in CIT vs. Hariprasad & Company Pvt. Ltd. (1975) 99 ITR 118 (SC), the Supreme Court opined that if loss was from the source or head of income not liable to tax or congenitally exempt from income tax, neither the assessee was required to show the same in the return nor was the Assessing Officer under any obligation to compute or assess it much less for the purpose of carry forward, the ratio and the principle laid down by the Apex Court would not apply here in this case, because the concept of income includes loss will apply only when entire source is exempt or is not liable to tax and not in the case where only one of the income falling within such source is treated as exempt. The Hon’ble Apex Court on the other hand, itself has stated that if loss from the source or head of income is not liable for tax or congenitally exempt from income tax, then it need not be computed or shown in the return and Assessing Officer also need not assess it. This distinction has to be kept in mind. Hon’ble Calcutta High Court in Royal Turf Club have discussed the aforesaid decision of the Hon’ble Supreme Court and held that the same will not apply in such cases.



Verdict:
section 10(38) excludes in expressed terms only the income arising from transfer of Long term capital asset being equity share or equity fund which is chargeable to STT and not entire source of income from capital gains arising from transfer of shares. It does not lead to exclusion of computation of capital gain of Long term capital asset or Short term capital asset being shares. Accordingly, Long term capital loss on sale of shares would be allowed to be set off against Long term capital gain on sale of land in accordance with section 70(3) (Schrader Duncan Ltd (2012) 50 SOT 68 distinguished;Kishorebhai Bhikhabhai Virani vs. Asst. CIT (2014) 367 ITR 261 (Guj) not followed).



Source:

Monday, June 22

Go Cashless: Tax benefits on Card Payments for Expenses

The Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.

In a draft paper for moving towards cashless economy and reduce tax avoidance, the Finance Ministry has also proposed to make it mandatory to settle high value transactions of more than Rs 1 lakh through electronic mode.


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"Tax benefits in terms of income tax rebates to be considered to consumers for paying a certain proportion of their expenditure through electronic means," say draft proposals for facilitating electronic transactions on which the government has invited comments till June 29, on the government's online platform mygov.in.

The proposals are aimed at building a transactions history of an individual to enable improved credit access and financial inclusion, reduce tax avoidance and check counterfeiting of currency.

In order to incentivise shopkeepers, the draft proposes a tax rebate to them provided they accept a significant value of sales through debit or credit cards. "An appropriate tax rebate can be extended to a merchant if at least say 50 per cent value of the transactions is through electronic means. Alternatively, 1-2 per cent reduction in value added tax could be considered on all electronic transactions by the merchants."

Finance Minister Arun Jaitley in his budget speech had said that the government would "introduce soon several measures that will incentivise credit or debit card transactions and disincentivise cash transaction". The draft makes a case for removing different types of fees and charges on e-transactions by various entities and providing incentives for such payments.

In order to promote wider adoption of e-transactions, the proposal suggests rationalisation of the Merchant Discount Rate (MDR), which at present is 0.75 per cent on Debit Card transactions of up to Rs 2,000 and 1 per cent on all transactions above it.

"The existing inter-change fee on Debit/Credit Card transactions are not uniform and need to be standardised/ rationalised to encourage both issuing and acquiring banks to establish and utilise acceptance infrastructure," the draft says. A nominal cash handling charge on transactions greater than a specified level may be levied, it adds.

The draft also proposes to relax the norms for reporting credit card transactions of individuals by banks.

"At present, banks have to report the aggregate of all the payments made by a credit cardholder as one transaction, if such an amount is Rs 2 lakhs in a year. To facilitate high value transactions, the ceiling of Rs 2 lakhs could be increased to say Rs 5 lakhs or more."

Government departments, it said, should also consider introduction of appropriate acceptance infrastructure or adopt national E-payment gateway 'PayGov India' for collection of revenue, fee and penalties etc.

At present there are about 56.4 crore debit cards and 11.25 lakh point of sale (PoS) terminals in the country.


Source: NDTV

Tuesday, April 21

Guidance on Reporting under the CARO 2015 and Consequential Amendment to the Format of the Auditor’s Report of a Company

Text of the Clarification -

Download the File (Click Here)


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OR

Read Online

AASB issues Clarification on Auditor's Report in Respect of Financial Statements of a Company for Accounting Years Beginning Before 1st April, 2014

Text of the Clarification -

Download the File (Click Here)


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OR

Read Online

AASB releases Guidance Note on Reporting under Section 143 (3)(f) and (h) of the Companies Act, 2013

Guidance Note on Reporting under
Section 143 (3)(f) and (h) of the Companies Act, 2013

The Council of the Institute of Chartered Accountants of India (ICAI), at its 342nd meeting considered and approved the Guidance Note on Reporting Under Section 143(3)(f) and (h) of the Companies Act, 2013, developed by the Auditing and Assurance Standards Board (AASB) of ICAI.

The aforesaid Guidance Note is, accordingly, being issued by AASB under the authority of the Council of ICAI and can be downloaded by clicking the following link:

https://www.dropbox.com/s/d9ga335qku8c6og/GN%20on%20143%20of%20CA13.pdf?dl=0

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Text of the Guidance Note -

Download the File (Click Here)

OR

Read Online




Source ; ICAI

Hosting of exemption(s) in a paper(s) granted in IPC and Final examinations, valid for May, 2015


Hosting of exemption(s) in a paper(s) granted in Intermediate (IPC) and Final examinations, valid for May, 2015.


Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C (8) and Regulation 38C (6), respectively, of the Chartered Accountants Regulations 1988.

The rules in this regard are provided in the Guidance Notes made available to the candidates along with the examination forms and hosted on http://icaiexam.icai.org. The related FAQs are also hosted on www.icai.org.

However, in spite of the information already made available, it is seen that some of the candidates carry a mistaken notion that they enjoy an exemption in a paper(s) whereas in reality they do not and end up absenting themselves in the said paper, resulting in avoidable hardships.

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To avoid this kind of situation, exemption(s) granted in a paper(s) which are valid for May, 2015 examination are hosted on http://exemptions.icaiexam.icai.org, so that candidates can check their exemption status before the exams and take necessary action.

Date of hosting the exemption data: 16th April, 2015

Last date for emailing discrepancy, if any: 26th April, 2015

Hence, candidates are advised to check the details more particularly, the month and year of exam and roll number indicated on the said site, with those contained on the relevant Statement of marks issued to them. Exemptions granted in a paper(s) are indicated by way of “#” against the marks awarded thereon and the Result of the relevant Group is indicated as “F-EX”, in the Statement of Marks.

In case of discrepancy, if any, candidates are advised to write to Exam Dept. immediately, in any case not later than 26th April, 2015, at the e-mail address provided herein below, enclosing scanned copy of the relevant mark sheet in which exemption was granted.

Final candidates: final.exemption@icai.in

Intermediate (IPC) candidates: inter.exemption@icai.in

Exam Dept. will respond, within 7 days of the receipt of the e-mail. In case you do not receive any response within 7 days, write to:

Final candidates: final2@icai.in

Intermediate (IPC) candidates: inter7@icai.in




Source: www.icai.org

Thursday, April 9

Announcement on CARO 2003, and Additional Reporting under the Companies Act, 2013

We are receiving queries from the members regarding applicability of CARO, 2003 along with Auditors' Report on financial statements of companies for the financial year 2014-15. The Ministry of Corporate Affairs (MCA) is working on it and has constituted a Committee for this purpose to analyse the contents of the Order to be made under section 143(11) of the Companies Act, 2013 for the Financial Year  2014-15. ICAI is also a member of the said committee. We are given to understand by MCA that an Order being a smaller version of CARO 2003, applicable for the financial year 2014-15, may be notified soon under section 143(11) of the Companies Act, 2013.  However, at this juncture, to bring more clarity, this Announcement is released in consultation with the Ministry. 


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The Companies Act, 1956 has ceased to have effect from 01st April, 2014.  As a corollary, the Companies (Auditor's Report) Order, 2003 issued under section 227(4A) of the said Act also ceases to have effect from the said date.Section 143(11) of the Companies Act, 2013 which came into force from 01st April, 2014 provides that "the Central Government may, in consultation with the National Financial Reporting Authority, by general or special order, direct, in respect of such class or description of companies, as may be specified in the order, that the auditor's report shall also include a statement on such matters as may be specified therein.”Accordingly, it may be noted that as when an Order is notified by the Central Government under section 143(11) of the Companies Act, 2013, the members would be required to report thereon as a part of their statutory audit reports.Until the aforesaid Order is issued, no additional reporting under section 143(11) of the Companies Act, 2013 is required by the Auditors for the financial year 2014-15.Members are advised to keep a watch on the MCA site (www.mca.gov.in) as well as the ICAI site (www.icai.org) for further announcements in this regard.An Announcement in this regard is also hosted on ICAI's website at http://icai.org/new_post.html?post_id=11490&c_id=219


Source: ICAI

Tuesday, March 31

ICAI Suggest Changes to Swachh Bharat Cess Calculation

Chartered accountants' apex body ICAI has suggested that the proposed cess of two per cent for clean India initiative should be calculated on the payable service tax instead of taxable services' value.

Calculating Swachh Bharat cess on the value taxable services would push the overall service tax rate to 16 per cent, it said.

In the Budget, the government has also proposed to hike the current service tax rate to 14 per cent.

   
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"If Swachh Bharat cess is implemented, the total rate of service tax would be 16 per cent. Therefore, it is suggested that the Swachh Bharat cess be levied only on service tax payable rather than the value of taxable services," the Institute of Chartered Accountants of India (ICAI) has said.

The suggestion has been made in its post Budget memorandum submitted to the government. ICAI has suggested certain amendments for proposals contained in the Finance Bill, 2015.

The Bill has proposed to empower the government to impose a Swachh Bharat cess on all or any of the taxable services at a rate of two per cent on the value of such taxable services.

While presenting the Budget for 2015-16, Finance Minister Arun Jaitley had proposed an enabling provision to levy the cess at a rate of two per cent or less on all or certain services if need arises.

Resources generated from this cess will be utilised for financing and promoting initiatives towards Swachh Bharat.

In August 2014, Prime Minister Narendra Modi had given a call to achieve the objective of clean India by 2019 -- the 150th year of the birth anniversary of Mahatma Gandhi, through the Swachh Bharat Mission.

Source:
The New Indian Express

Saturday, February 28

#Budget2015: Highlights, Speech and Finance Bill



Highlights of the Budget:


OR

Check here



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Speech of FM Shri Arun Jaitley in the Parliament:

OR

Check here




The Finance Bill, 2015:

OR

Check here


Source:
indiabudget.nic.in

Friday, February 27

Economic Survey: GDP to grow between 8.1-8.5% in FY 15-16

Image Courtsey: Financial Express
The Economic Survey, tabled by Finance Minister Arun Jaitley in Parliament today, a day ahead of the Union Budget, expects the economy to grow by over 8 per cent under a new calculation method that makes India the world's top-growing big economy.

Detailed Economic Survey Report of India - 2014-15 as tabled in Parliament (Click Here)


Faster growth will make big bang reforms possible in the coming years, the survey, considered a report card of the economy, has said. It was prepared by the finance ministry's chief economic adviser Arvind Subramanian.

"India has reached a sweet spot - rare in the history of nations - in which it could be launched on a double digit medium-term growth trajectory which would allow the country to attain the fundamental objectives of "wiping every tear from every eye," the report notes adding that "there is a scope for Big Bang reforms now."

It forecasts that the economy will grow by 8.1-8.5 per cent in the fiscal year 2015-16.

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"It basically says the economy is now poised to take off, with key enablers getting into place," said Shubhada Rao, chief economist of Yes Bank in a quick reaction.

The Economic Survey has highlighted the Narendra Modi government's commitment to fiscal consolidation and has vowed to contain India's fiscal deficit for 2014-15 at 4.1 per cent.

Economists are optimistic that Mr Jaitley will be able to stick to the deficit target because of lower oil subsidy.

"We expect the Union Budget to maintain a similar underlying theme. We are looking at fiscal deficit projection of 3.6 percent for FY16," said Ms Rao.

Importantly, the survey highlights that tax estimates of the government have been over-estimated and that there is a need to increase revenue generation. This could dampen expectations that Mr Jaitley will announce a number of tax sops in his budget tomorrow.

The survey highlighted that there is scope for monetary easing from the Reserve Bank, with inflation showing declining trend. RBI chief Raghuram Rajan, who made a surprise rate cut in last month, has said that the central bank will keep an eye on inflation and the government's fiscal policy to decide on further monetary easing.

The current account deficit for FY15 is estimated at 1.3 per cent of GDP, which is in line with the RBI's estimates. The survey suggested removal of restrictions on gold imports. In comparison, the current account deficit had hit a record 4.8 per cent in 2013-14 which led to imposition of higher import duty on gold.

The survey suggests easing of restrictions on gold imports. The survey lists major reform initiatives undertaken by the government.


Sources:
1. NDTV
2. Reuters
3. Financial Express

Detailed Economic Survey Report of India - FY 2014-15

A flagship annual document of the Ministry of Finance, Government of India,Economic Survey 2014–15 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session.

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Download the Economic Survey (Click on below Links)
1. Economic Survey - Volume-I(All Chapters)
2. Economic Survey - Volume-II(All Chapters)

Notes: Statistical Appendix

These files includes detailed statistical data covering all aspects of the economy—macro as well as sectoral—the report provides an overview of the following issues:
1. Economic Outlook, Prospects, and Policy Challenges
Fiscal Framework
2. 'Wiping Every Tear From Every Eye' : The JAM Number Trinity Solution
3. The Investment Climate: Stalled Projects, Debt Overhang and The Equity Puzzle
4. Credit, Structure and Double Financial Repression: A Diagnosis of the Banking Sector
5. Putting Public Investment on Track: The Rail Route to Higher Growth
6. What to Make in India? Manufacturing or Services?
7. A National Market for Agricultural Commodities - Some Issues and Way Forward
8. From Carbon Subsidy to Carbon Tax: India’s Green Actions
9. The Fourteenth Finance Commission (FFC) - Implications for Fiscal Federalism in India?
10. State of the economy and Public Finance
11. Monetary management and financial intermediation
12. External sector and Service sector
13. Prices, agriculture and food management
14. Industrial, corporate and infrastructure performance
15. Climate change and sustainabke development
16. Social infrastructure, employment and human development


This document would be useful for policymakers, economists, policy analysts, business practitioners, government agencies, students, researchers, the media, and all those interested in the development in the Indian economy.


Source:
indiabudget.nic.in

CA Final - May 2015 - Recommended Study Schedule and Reference Books

Don't let the Exam Frustration rule your mind.
On our Facebook Page / Admin Profile and Twitter Page, we get so many messages from Students, as to how should we prepare for the Exams, what should be the Study Schedule, How much Study for a day is enough, Which book in which Subject should be referred, whether I would be able to complete the Course? Well, all these questions are natural, when you are bracing up for a big exam like of CA Final. So here in this post, we are bringing you an ideal Study Schedule and the Suggested Reference Books for each Subject. 


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Please note that, all the books referred here are only recommendation by us, we do not have any affiliation with these Authors / Publication House, based on the experience and feedback of various students. You may find, any other book even better.

Recommended Study Schedule and Reference Books (Click to Download)

or You can view the File online here -



We hope this would be helpful to all of you.

Railway Budget 2015: Prabhu's Apolitical, Practical and Visionary Rail Budget for Aspirational India

Suresh Prabhu entering Parliament before Railway Budget

Shri Suresh Prabhu, Railway Minister, who is also a Chartered Accountant presented his maiden Railway Budget for FY 2015-16, yesterday on 26th February 2015 in the Loksabha. Many of the analysts and economists are terming it as a Practical Budget. The Railway Minister was appreciated for his maiden Railway Budget, in which he preferred to be apolitical, practical and visionary Railway Minister. Here are the key takeaways from the Rail Budget.


Highlights of the Railway Budget 2015-16


Thrust:

1. IR to become prime mover of economy once again.
2. Resource Mobilization for higher Investments.
3. Decongestion of heavy haul routes and speeding up of trains: emphasis on gauge conversion, doubling, tripling and electrification.
4. Project delivery.
5. Passenger Amenities.
6. Safety.
7. Transparency & System Improvement.
8. Railways to continue to be the preferred mode of transport for the masses.
9. Sustainability.

Four goals for Indian Railways to transform over next five years:

a) To deliver a sustained and measurable improvement in customer experience.
b) To make Rail a safer means of travel.
c) To expand Bhartiya Rail’s capacity substantially and modernise infrastructure.: increase daily passenger carrying capacity from 21million to 30 million: increase track length by 20% from 1,14,000 km to 1,38,000 km: grow our annual freight carrying capacity from 1 billion to 1.5 billion tonnes.
d) Finally, to make Bhartiya Rail financially self-sustainable. Generate large surpluses from operations not only to service the debt needed to fund our capacity expansion, but also to invest on an on-going basis to replace our depreciating assets.

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Eleven major thrust areas of Action Plan: Quality of life in journeys:

Cleanliness:- Swachh Rail Swachh Bharat, new department for cleanliness, integrated cleaning by engaging professional agencies and training our staff, ‘waste to energy’ conversion plants, new toilets covering 650 additional stations compared to 120 stations last year. Bio-toilets.

Bed linen: NIFT to design; online booking of disposable bed rolls.

Help-line: 24X7 helpline number 138;toll-free number 182 for security related complaints.

Ticketing: operation five minutes for issuing unreserved tickets, hot buttons, coin vending machines, single destination teller, concessional e-tickets for differently abled travelers, developing a multi-lingual e-portal, crediting of refunds through banks, unreserved tickets on Smart phones, proliferation of automatic ticket vending machines with smart cards and currency options, integrated ticketing system on the lines of rail-cum-road tickets, Defence Travel System developed for elimination of Warrants .

Catering: e-catering to select meals from an array of choices. Ordering food through IRCTC website at the time of booking of tickets; integrating best food chains into this project; setting up of Base Kitchens in specified Divisions to be run by reputed agencies for serving quality food; expansion of water vending machines.

Leveraging technology: Hand-held terminals to Travelling Ticket Examiners (TTEs) for verification of passengers and downloading charts; possibility of extending facility of SMS on mobiles as a valid proof of travel for PRS tickets; integrated customer portal as a single interface to access different services; Introduction of a centrally managed Railway Display Network in over 2000 stations in next two years; “SMS Alert” service to inform passengers in advance of the updated arrival/departure time of trains at starting or destination stations.

Surveillance: surveillance cameras provided on a pilot basis in selected mainline coaches and ladies’ compartments of suburban coaches without intruding into privacy.

Entertainment: project for introducing on-board entertainment on select Shatabdi trains on license fee basis launched; Mobile phone charging facilities to be provided in general class coaches & increased in sleeper class coaches.

Station facilities: 200 more stations to come under Adarsh Station scheme; Wi - Fi to be provided at B category stations ; facility of self-operated lockers to be made available at stations; provision of concierge services through IRCTC at major stations; online booking of wheel chair on payment basis for senior citizens, patients and the differently-abled passengers through IRCTC on select stations.

Train capacity: capacity in identified trains be augmented to run with 26 coaches; more General class coaches be added in identified trains;

Comfortable travel: NID approached to design user friendly ladders for climbing upper berths; increasing quota of lower berths for senior citizens; TTEs be instructed to help senior citizens, pregnant women and differently-abled persons in obtaining lower berths; middle bay of coaches to be reserved for women and senior citizen; NID to develop ergonomically designed seats; introduction of train sets; Provision of Rs. 120 crore for Lifts and escalator which is 76% higher; newly manufactured coaches will be Braille enabled; building wider entrances for the ease of differently-abled passengers; allocation for passenger amenities up by 67% Y-O-Y. Corporate houses & MPs to be requested to invest in improving passenger amenities at Railway stations through CSR & MPLAD funds; Divisional Committees in each Railway to be chaired by Members of Parliament.


Expansion of freight handling capacity
Transport Logistics Corporation of India (TRANSLOC), to be set up for developing common user facilities with handling and value-added services to provide end-to-end logistics solution at select Railway terminals through Public Private Partnerships.


Improving train speed
1. Speed of 9 railway corridors to be increased from existing 110 and 130 kmph to 160 and 200 kmph respectively so that inter-metro journeys like Delhi-Kolkotta and Delhi-Mumbai can be completed overnight.

2. Average speed of freight trains in empty and loaded conditions, will be enhanced to 100 kmph for empty freight trains and 75 kmph for loaded trains; loading density on all major freight bearing routes to be upgraded to 22.82 tonne axle loads.


Technology upgradation

1. Constituting an innovation council called “Kayakalp” for business re-engineering and introducing a spirit of innovation in Railways.
2. Strengthening of RDSO into an organization of excellence for applied research; four Railway Research Centers to be set up in select universities for fundamental research; ‘Malaviya Chair’ for Railway Technology at IIT (BHU), Varanasi to be set up.
3. Consortium of Ministry of Railways, Ministry of Human Resource Development, Ministry of Science And Technology and Industries on to take up identified Railway projects for research.

Social initiatives
1. Infrastructure like stations and training centers to be made available for skill development. Indian Railways personnel and their services also available for this national cause.
2. Promotion of products made by Self Help Groups, consisting mainly of women and youth on the model of Konkan Railway.

FINANCIAL PERFORMANCE 2014-15:
1. Net reduction in Gross Traffic Receipts by Rs 917 crore compared to the BE of Rs 1,60,165 crore.
2. Growth in Ordinary Working Expenses (O.W.E) scaled down to 11.7% as against BE of 15.5% y-o-y. Taking into account the likely savings accruing from drop in prices of HSD (high speed diesel) for traction partly offset by higher requirements under certain heads for maintenance, safety and cleanliness activities, the budgeted O. W. E. of Rs 1,12,649 crore decreased in the RE 2014-15 to Rs. 1,08,970 crore i.e. by Rs 3,679 crore.
3. Appropriation to the Pension Fund has been increased to Rs. 29,540 crore in RE.

Internal resource generation also improved and accordingly the appropriation to DRF has been scaled up to Rs 7,975 crore in RE from the BE 2014-15 provision of Rs 7,050 crore. 

After taking into account the above, "Excess" of receipts over expenditure stands at Rs 7,278 crore in RE 2014-15 reflecting better financial management.

Plan size for 2014-15 increased from Rs 65,445 crore in the B.E to Rs 65,798 crore in the Revised Estimates i.e. by Rs 353 crore with higher provisions under internal resource component and market borrowings for rolling stock requirement.

Budget Estimates for 2015-16


1. The intention is to capture increased revenues and ensure appropriate investments so as to decongest the system and enhance line-capacity.
2. Passenger earnings growth pegged at 16.7% and target budgeted at Rs. 50,175 crore.
3. Freight traffic is pegged at an all time high incremental traffic of 85 million tonnes, anticipating a healthier growth in the core sector of economy; Goods earnings proposed at Rs. 1,21,423 crore which includes rationalisation of rates, commodity classification and distance slabs.
4. Other coaching and sundries are projected at Rs. 4,612 crore and Rs. 7,318 crore.
5. Gross Traffic Receipts estimated at Rs 1,83,578 crore , a growth of 15.3%.
6.Ordinary Working Expenses proposed to grow at 9.6% over RE 2014-15. Traction fuel bill anticipated to shrink further.  Higher provisions made for safety maintenance and cleanliness. Lease charges, interest component of the current and previous market borrowings, at a growth of 21%.
7. Appropriation to Pension Fund proposed at Rs 35,260 crore and appropriation to DRF at Rs 8,100 crore. Appropriation of Rs 7,616 crore proposed to be made to Capital Fund for payment of principal component of lease charges to IRFC.



Fare/Freight Hike
1. No changes in Passenger fares.
2. The railway minister has proposed a freight hike of 0.8% on iron ore and steel, a 6.3% increase on coal movement and an increase in freight rate for grains and pulses by 10% in fiscal 2015-16 that begins in April.


Sources:
1. PTI
2. Indian Railways Website
3. Money Control
4. Financial Express