Another day in ICWA Institute - This time on IFRS

Last Monday I gave a presentation to the members of ICWAI - Bangalore Chapter, on how to go about the IFRS implementation. This was arranged as a Professional Development meeting. I was really thrilled by the following: The Institute president Shri.G.N.Venkatraman presided over the session There turnout was really good. Nice to see many members interested...

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CFO Forum on IFRS....organised by CII & EY

Today I attended the CFO Forum on IFRS, with a focus on Technology, Real Estate & Manufacturing. Jayaram, Convenor - CII, Karnataka, gave the welcome address. The speakers were the experts in the area. Yes, we had Ruth (Global IFRS Leader of EY and a member of the IFRIC). Dolphy (IFRS Leader, India EY) Harriet (IFRS expert) Kaustav & Navin (EY Partners & IFRS experts) We had the opportnity of listening to Ruth, who is an IFRIC member representing EY on the global experience. Dolphy took...

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Change your vision - A nice story

There was a millionaire who was bothered by severe eye pain. He consulted so many physicians and was getting his treatment done. He did not stop consulting galaxy of medical experts; he consumed heavy loads of drugs and underwent hundreds of injections. But the ache persisted with great vigour than before. At last a monk who has supposed to be an expert in treating such patients was called for by the millionaire. The monk understood his problem and said that for sometime he should concentrate...

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Union Budget 2010 - A discussion session @ XIME

This year also, I was fortunate to be the chairman of the panel for discussing the Union Budget. It was a tough job this time, as there were not much change in the Union Budget and not many new schemes introduced by the Finance Minister. Myself and Sendil (my friend) reached the venue much earlier (thanks to the new Flyover)! We met Prof.Philip, the...

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Gratuity ceiling increased

This was one of the things, we were expecting in the Budget. But now the cabinet has given their approval for amending the ceiling on Gratuity from Rs.3.5 Lac to Rs.10 Lac on Thursday (4th Mar 2010). However, we need to wait and see whether the tax exemption limit will also get increased. Below is the extract from the Financial Expresss:  The Cabinet on Thursday approved an amendment to the Gratuity Act to raise the ceiling from Rs 3.5 lakh to Rs 10 lakh. The Bill to amend the Act will now...

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Brouhaha over hike in Fuel price

Find below, one of my friends letter to the editors. Soon, you may see in the newspapers.&nb...

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Budget 2010 - Hightlights

Pranab has delivered the budget in the expected lines. What the poor finance minister can do in this situation. The prime concern is the fiscal deficit and inflation. He did a good job in the budget by not making too many changes.Individuals are happy, as they have some excess funds at their disposal. Let us look at the highlights of the Union Budget 2010: Plan outlay Total Receipts          -   7,27,341` Total Expenditure    ...

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