RBI removes Withdrawal Limits on Current Accounts

​RBI removes withdrawal limits on current accounts


via The Economic Times App(Download Now):


Watch “GST Challan Creation & Payment of Tax via GST Portal (in Hindi) by CA Shaifaly Girdharwal” on YouTube

Watch “Filing of GST Return 1 – LIVE Demo in HINDI by CA Shaifaly Girdharwal” on YouTube

Motivational Message (WhatsApp-20170126)

What a beautiful message…!

A young girl and her father were walking along a forest path. 
At some point, they came across a large tree branch on the ground in front of them. 

The girl asked her father, “If I try, do you think I could move that branch?” 

Her father replied, “I am sure you can, if you use all your strength.” 

The girl tried her best to lift or push the branch, but she was not strong enough and she couldn’t move it. 

She said, with disappointment, “You were wrong, dad. I can’t move it.” 

“Try again with all your strength,” replied her father. 

Again, the girl tried hard to push the branch. She struggled but it did not move. 

“Dad, I cannot do it,” said the girl.

Finally her father said, “Young lady, I advised you to use ‘all your strength’. You didn’t ask for my help.

Moral :

Our real strength lies not in independence, but in interdependence.

No individual person has all the strengths, all the resources and all the stamina required for the complete blossoming of their vision.

To ask for help and support when we need it is not a sign of weakness, it is a sign of wisdom.

Impact on Indian Economy [As received on WhatsApp]

RIL writes down nearly 40,000 cr on change in accounting policy
Reliance Industries Ltd has written down Rs 39,570 crore in value of its oil and gas assets including the flagging KG basin D6 block and US shale gas projects, in view of change in accounting policy.
RIL has restated its reserves following a change in accounting standards from April 1, 2016. It has moved from the Full-Cost Method (Indian GAAP) to the Successful-Efforts Method under IND AS.
This has led to devaluation of its oil and gas assets by Rs 39,570 crore as on March 31, 2016, according to RIL’s third quarter earning statement.
The write down investments reflects plummeting oil and gas prices.
“The impact on account of change in accounting policy from FCM to SEM is recognised in the Opening Reserves on the date of transition and consequential impact of depletion and write offs is recognised in the Profit and Loss Account,” RIL said.
Major differences impacting such change of accounting policy are in the areas of expenditure on surrendered blocks, unproved wells, abandoned wells, seismic and expired leases and licenses, it said.
Transiting from one accounting method to another requires going back to the time when that asset was acquired and calculating its present book value if successful completion had been followed since then.
RIL has taken a Rs 20,114 crore write-down on its KG-D6 block in the Bay of Bengal.
Forwarded as received

Excel VBA Training Center, Ahmedabad

19-Jan-2017 | 16:21 Hours IST | #CAVSM

Excel VBA Training Center, Ahmedabad


INDIA ARISING – Shocking Facts on Demonetisation

I think after reading this, you might also praise our PM for timely intervention (Red Flag in Forensic Jargon!)

15-Jan-2017 | 14:14 Hours IST | #CAVSM |

ICAI Commerce Wizard-2016 – A Talent Search Test – Organized by CCC-ICAI

ICAI Commerce Wizard-2016 – A Talent Search Test – Organized by CCC-ICAI
15-Jan-2017 | 14:08 Hours IST

A worthy post (15-Jan-2017)