2015
Google
One Person Co. - an odd new concept !
BL
Jan 4
Jan 2
BL
When
the regulatory apparatus falls flat
Jan 1
Banks are ripping off Consumers in many ways. Will PM Modi
& Arun Jaitley question them?
Technology has failed to reduce banking transaction costs, says RBI –
In relation to none of the essential activities, which banks as service providers are engaged in, for the ultimate benefit of, besides its investing or borrowing customers, the society as a whole, one such measure requiring to be given the topmost priority is this: As commonly agreed, any 'discretion' vested in anyone, right from the top brass, has undeniably the potential to be misused. With that in sharp focus, the factor of 'discretion', of any kind, needs to be eliminated, and should have no role to play. Instead, must be strictly governed by pre-determined ideal standards, as laid down by the Regulator , and made applicable uniformly to all its constituents, etc. in any decision-making- be it for lending or any other.
One Person Co. - an odd new concept !
Searches related to new company law article on one man company
BL
Jan 4
Fiscal consolidation: ‘Govt will not resort to massive expenditure cuts’
In an increasingly confronting globalized economy, our nation’s new policy makers
in power cannot think of any improvement in any vital sector, not barring
banking, unless fittingly tuned to the global thinking.
So far as can be readily seen, there appears to be nothing
worth a mention, said by the minister clearly and fruitfully indicating the direction or route which his government
has decided to take. History is ‘history’, and it is inconceivable that it
could be, as impudently proclaimed by some, ‘rewritten’. Only feasible step open to we, the mortals ,
if so considered prudent from all angles, is to strive and aim at ensuring that
history does not repeat itself.
Looking around, may be, for guidance valuable clues are noted
to be available in external but not alien sources; for
instance Here European Central Bank's Chief Economist: Beware the Rise of
Populism by Andrea Germanos; and Here ECB's
website.
Jan 2
BL
Your Taxes
'Avadhaanam' means careful observation and mental
registration. 'Ashta' means eight. A person who is able to observe,
simultaneously, eight ...
Creditors need better safeguards
RBI sets in motion system to help small businesses recover their dues
Asset reconstruction firms: RBI norms will benefit sector, say experts
Jan 1
CD
<ECB's website.
<Thought Praet said that his organization isn't worried about a new recession, he said that a concern was that "businesses and households are reducing their long-term growth expectations." He added that "urgent action is necessary... on the fiscal, structural and monetary policy side."
Among those who have criticized the growth-focused economy and its wide-ranging impacts is Naomi Klein, whose latest book is This Changes Everything: Capitalism Vs. the Climate
Echoing Klein, Federico Demaria, author and member of Research & Degrowth in Barcelona, told Inter Press Service that looking at the big picture makes it obvious that dropping that default assumption that growth is necessary.
"Once we decide that we are not afraid to talk about the full implications of development, be they economic, social or political," Demaria said, "then we begin to see that it is actually utopian to think that our societies can be based on economic growth for ever. Degrowth, by contrast, really offers the most common sense of all."
BL
To rewrite, and reflect own thinking:
...could have been possible, and turned into something achievable, provided the devotee's focus had, turning away from or despising / shunning greed,over greed at that, being the grass root of all evils, wisely chosen and mindfully shifted/strayed away - from seeking more and more ,in terms of monies/ material wealth, to less and less- not more than sufficient to live life as ought to be.....
<><> All the time our men in governance, with their closed/tight sealed mind, keep looking around for global developments to lay stress on priority to economic growth, oblivion of its flip side.
 |
European Central Bank's Chief Economist: Beware the Rise of Populism by Andrea Germanos While ECB economist Peter Praet says governments should focus on growth, critics say it's a path towards an unlivable planet. |
<ECB's website.
<Thought Praet said that his organization isn't worried about a new recession, he said that a concern was that "businesses and households are reducing their long-term growth expectations." He added that "urgent action is necessary... on the fiscal, structural and monetary policy side."
Among those who have criticized the growth-focused economy and its wide-ranging impacts is Naomi Klein, whose latest book is This Changes Everything: Capitalism Vs. the Climate
Echoing Klein, Federico Demaria, author and member of Research & Degrowth in Barcelona, told Inter Press Service that looking at the big picture makes it obvious that dropping that default assumption that growth is necessary.
"Once we decide that we are not afraid to talk about the full implications of development, be they economic, social or political," Demaria said, "then we begin to see that it is actually utopian to think that our societies can be based on economic growth for ever. Degrowth, by contrast, really offers the most common sense of all."
< Detail from the cover of ‘Degrowth: A Vocabulary for a New Era’
- For anyone who recently attended the Fourth International Conference on Degrowth
in Leipzig, Germany, listening in on conference talk, surrounded by the
ecologically savvy, one quickly noticed that no one was singing the
praises of sustainable development.
BL
How wealth gave birth to modern religion
<>Human’s inborn fantasy
to keep talking about , and vociferously debating, - which one came out first, egg or chicken- is bound to last so long as life on earth
lasts.
On the other pet topic of economy, to quote: Federico Demaria, author and
member of Research & Degrowth in Barcelona, he told Inter Press Service, that looking at the big
picture makes it obvious that dropping that default assumption that growth is
necessary.
"Once we decide that we are not afraid to talk about the full
implications of development, be they economic, social or political," Demaria
said, "then we begin to see that it is actually utopian to think that our
societies can be based on economic growth for ever. Degrowth, by contrast,
really offers the most common sense of all."
< So did the beginning of affluence alter religion?
A Science Daily
analysis says what affluence did was change people’s psychology, which
in turn, changed the nature of their religious worship. The more likely
people were to have a surplus – of food, or wealth or any other resource
— the easier they could be convinced that they needed less of it.
Today’s ‘moralising religions’ focus on compassion and selflessness, but
these virtues became possible only when the devotee’s focus shifted
from finding his next meal.>
To rewrite, and reflect own thinking:
...could have been possible, and turned into something achievable, provided the devotee's focus had, turning away from or despising / shunning greed,over greed at that, being the grass root of all evils, wisely chosen and mindfully shifted/strayed away - from seeking more and more ,in terms of monies/ material wealth, to less and less- not more than sufficient to live life as ought to be.....
<><> All the time our men in governance, with their closed/tight sealed mind, keep looking around for global developments to lay stress on priority to economic growth, oblivion of its flip side.
Here is something with a different stroke, worth giving a serious thought to.
BL
>>>>
moneylife
BL
Lessons from Ramayana for central bankers
Trinidad and Tobago Central Bank Governor invokes the epic for better governance »Happy New Year?
At Pakistan’s behest, China is
trying to muscle its way into Saarc. India should look East for strategic options
»
Modi-convened Jan 2-3 meeting
expected to roll out reform action plan for banking sector »
TOPICS
>>>>
moneylife
Technology has failed to reduce banking transaction costs, says RBI –
Most certainly, the feedback having come from none else than the key person, second in
hierarchy, at the helm of affairs in the RBI itself, can by no stretch of imagination,
be rightly/sanely brushed aside, or ridiculed, even impudently, as single -track
minded or motivated by a double-standard. On the contrary, every single concern
of his, well voiced, ought to be given serious consideration, at the closest
quarters; and effective remedial measures be taken on a war footing.
In relation to none of the essential activities, which banks as service providers are engaged in, for the ultimate benefit of, besides its investing or borrowing customers, the society as a whole, one such measure requiring to be given the topmost priority is this: As commonly agreed, any 'discretion' vested in anyone, right from the top brass, has undeniably the potential to be misused. With that in sharp focus, the factor of 'discretion', of any kind, needs to be eliminated, and should have no role to play. Instead, must be strictly governed by pre-determined ideal standards, as laid down by the Regulator , and made applicable uniformly to all its constituents, etc. in any decision-making- be it for lending or any other.
In fact, there are any number of rules to be found in the
Code of Ethics And Conduct, formulated, and periodically updated, but there is,
as experience has shown, a cavernous gap between what the rules book says, and
its actual, factual observance by banks, in practice, even on a day to day basis.
May be, competent experts in banking, known for their varied exposure , experience, above all integrity, might
have specific suggestions to usefully offer,
for bringing about a marked improvement, for the well being of one and all concerned, even
if were remotely.
TG
As always, kindly send your comments and suggestions at rajkumarradukia@caaa.in or reach me at
09820061049 / 09323061049.
Recent Article in Banking
TG
As always, kindly send your comments and suggestions at rajkumarradukia@caaa.in or reach me at
09820061049 / 09323061049.Click here to download “Handbook on The Prevention of Money Laundering Act, 2002”
Click here to Read/Download Other Articles/Books written by CA Rajkumar S. Adukia
- See more at: http://taxguru.in/corporate-law/overview-anti-money-laundering-laws-free-ebook.html#sthash.T1trDGU0.dpuf
As always, kindly send your comments and suggestions
at rajkumarradukia@caaa.in or reach me at 
09820061049 / 09323061049.
09820061049 / 09323061049.
Click here to download “Handbook on The Prevention of Money
Laundering Act, 2002”
- See more at:
http://taxguru.in/corporate-law/overview-anti-money-laundering-laws-free-ebook.html#sthash.T1trDGU0.dpuf
revised statutory audit report - CAclubindia
itatonline
itatonline
(Ed.) Note: When the ITAT first
sounded a warning in Vijay
V Meghani vs. DCIT, the ICAI, instead of taking the
criticism in the right spirit and taking remedial steps, adopted a belligerent
stand and called the ITAT’s observations “sweeping” and “unwarranted”. It also promised that it would take steps
to get the ITAT’s observations “expunged”. Thereafter, the
CAG made the shocking revelation of the utterly careless
manner in which CAs have issued audit reports and caused a revenue loss of
several thousands of crores. Now, the present judgement also exposes serious
short-comings in the functioning of CAs. It requires to be seen what remedial
steps, if any, the ICAI adopts now to salvage the noble profession.
??????!!!!!!!
