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The Reserve Bank has appointed the Financial Benchmark India Pvt Ltd (FBIL) for valuation of portfolios of government securities, which earlier used to be done by FIMMDA. FBIL will commence publication of the g-sec (government securities) and SDL (state development loans) valuation benchmarks based on the extant methodology. FBIL would also compute and disseminate the daily reference rate for spot USD/INR and other major currencies against the rupee which used to be done by RBI itself. Banks, non-banking financial companies (NBFCs), primary dealers, co-operative banks and all financial institutions which are required to value government securities as per FIMMDA may use FBIL prices from April 2018 Onwards
Ramesh draws a bill on Suresh. Ramesh endorsed the bill to Mukesh. The payee of the bill will be:
As per Schedule III of the Companies Act, 2013, the current maturities of long term debt have to be shown under which of the following heading?
Any long-term capital loss can be carried forward to the next following eight assessment years and can be set off only against _______ in those years.
A firm extends credit from 30 to 60 days to push sales, increasing receivables by ₹5 crore. Cost of capital is 12%. What is the annual carrying cost?
What is the taxable event under GST?
Which act primarily governs the field of general insurance in India?
Under the head Income from other sources, Family pension received is exempted upto ______.
Financial statements of a company should be prepared as per ________ and they should give true and fair view.
Which accounting standard deals with the recognition, measurement, and presentation of Property, Plant and Equipment?
NPV is positive when:
