Indian CA’s can look forward to practice in Australia and UK as ICAI is in the process fof sighing agreements with its counterparts for mutual recognition of each others course.
As per ICAI president Ved Jain there is a possibility to sign MRA(Mutual Recognition Agreeements) with Australia and England.
MUMBAI (Reuters) - The rupee moved in tandem with equities that were trading lower in afternoon trade on Friday, in the absence of cues from Asian markets, many of which were closed for a holiday, dealers said.
* At 12:05 p.m., the partially convertible rupee was was at 39.56/57 per dollar, weaker than previous close of 39.535/545.
* India’s benchmark share index see-sawed on Friday, twice dipping into the red only to recoup those losses. It fell 3.4 percent on Thursday, weighed down by fears of a U.S. recession. -Reuters
India’s benchmark stock index tumbled the most in two weeks, led by Reliance Industries Ltd., after the government forecast economic growth would slow as higher interest rates curb consumer spending. Reliance Industries, the nation’s most valuable company, and Larsen & Toubro Ltd., the country’s largest engineering company, fell to two-week lows. Oil companies declined after Minister Murli Deora declined to say when the Cabinet would discuss retail pump prices for gasoline and diesel.
India, Asia’s third-largest economy, is expected to expand 8.7 percent in the year to March 31, the weakest pace since 2005, according to India’s statistics office. Growth was 9.6 percent in the last financial year. The central bank has raised interest rates nine times since October 2004 to contain inflation.