It is indeed a great privilege for me to announce that “R & A” completed its 16th Foundation Day on 23rd October, 2012. The entire R & A family actively participated in the event with great pride and joy. The occasion began with a Pooja followed by a blood donation drive and a grand lunch. As R & A is in its teens, we are together trying to extend arms to support and service larger verticals in different segments.
My column would be incomplete without expressing appreciation to Mr Kiran Kumar Reddy, the honorable Chief Minister of Andhra Pradesh for taking initiative to host the 11th Conference of Parties to the Convention on Biological Diversity, in Hyderabad. This was one of the largest and most prestigious International conferences which took place from 1st to 19th October, 2012 with the objective to bring people together from around the world for global bio diversity.
Prime Minister Manmohan Singh announced at the conference that India will be the first nation to contribute funds toward international targets aimed at protecting the world’s biodiversity. Keeping apart the details of the contributions made by different nations, the Indian government will earmark $50 million toward reaching the so-called Aichi targets, 20 goals set in Nagoya, Japan, two years ago to curb damage to the world’s ecosystems and the extinction of its plants and animals. It’s a good move and let’s hope that many more countries come together towards this new initiative.
India unveiled a road map to curb its budget deficit to the least in nine years by 2017, a move seen as a bid to persuade the central bank to cut interest rates in its forthcoming monetary policy review. India began an overhaul of economic policy last month, including fuel-subsidy curbs to pare a deficit that has put the nation’s investment-grade credit rating at risk. The rupee has strengthened more than 2.5 percent against the dollar since Sept 12, when the government announced an increase in diesel prices and limited the supply of subsidized cooking gas. The government thereafter opened industries including retail to more foreign investment.
Well, coming to Corporate Compliances, the final taxonomy, business rules, MCA validation tools and e –forms (XBRL) have been released by the Ministry of Corporate Affairs during October, 2012. The due date for filing e-forms (XBRL) also has been announced which is 15th December, 2012. Let’s hurry and try to ensure that the filings are done well within the due dates.
With the festival of ‘Diwali’ just round the corner, its celebration time for all. Wishing you all a Happy Diwali glowing with peace, joy and prosperity.
With Best Regards,
CS Bhavani