Jobs for CA in HP

Financial Analyst-1207167

Description

· Provides standard to moderately complex financial support that is either transactional or analytical for a financial function or a business.

· Establishes and maintains relationships with business leaders to actively ensure basic financial analysis needs are met.

· Handles moderately complex business issues on a routine basis.

· Provides analytic support to business initiatives.

· Develops a deeper understanding of HP•s financial processes and a detailed knowledge of the business.

· Ability to influence a particular cost center within a business, typically interacting with managers.

Specific Job responsibilities would include:
• Assist in preparation of financials under the UGAAP, IGAAP and per the requirements of Companies Act 2013 & within the ambit of the AFM
• Strive to ensure completeness and accuracy of the reported financials under both UGAAP & IGAAP
• Participate in periodic review of financials within the ambit of UGAAP, IGAAP & AFM
• Extend significant support in preparation of reports for the management on a periodic basis
• Support compliance under all corporate laws, tax laws, STPI/SEZ regulations, Service Tax, etc.
• Support and manage statutory, tax and internal audits for the legal entity
• Assist in forecasting of Advance tax & Provision of tax, obligations under the Indian laws
• Support in implementing all corporate initiatives and realizing the controllership organization vision
• Support and participate in all controllership initiatives 

Qualifications

Education and Experience Required:

· First level university degree with a focus in business or economics recommended or equivalent experience.

· Typically 2-4 years of experience as a qualified CA.

· May have experience in more than one finance function.

Knowledge and Skills Required:

· Basic understanding of accounting processes and principles.

· Good analytical skills.

· Good business application skills (e.g., Microsoft Excel).

· Good communication skills.

· Good teamwork skills.

 Job - Finance

Location - India-Karnataka-Bangalore

Schedule - Full-time

Job Type - Early Career

Shift - Day Job

Travel- No

Website: https://hp.taleo.net/careersection/2/jobdetail.ftl?job=2830028&src=JB-12042

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Vacancy for Articles and Paid assistants

A Mid size CA firm in Delhi requires articles and paid assistant , Taxation work only.

Any interested candidate may send there CV at Vyadavco@gmail.com 

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IMPORTANT SHORT CUTS TO LEARN NEGATIVE LIST

Important for Exams Easy ways to learn Service
tax NEGATIVE LIST in alphabetic order...
01. A- Advertisement (except on radio & T.V.)
02. B- Bridges
03. C- Cabs (means transportation of passengers)
04. D- Diplomatic mission
05. E- Electricity
06. F- Funeral (includes transportation of
deceased)
07. G- Goods Transportation
08. H- House Residential
09. I- Interest
10. J- Jhule (Rides)
11. K- Kheti (agriculture)
12. L- Lottery
13. M- Manufacture N- ---------O- ---------P-
---------
14. Q- Qualification (education)
15. R- RBI
16. S- Sarkar (government)
17. T- Trading of Goods.
Total 17 services are in negative list..


This article has been shared by Nikhil Jain. 

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ICAI President's Message - November 2013 - (31-10-2013)

Now that we have a new Companies Act in place to guide our nation by consolidating and amending the laws relating to companies, the Ministry of Corporate Affairs is bringing out draft rules under the new Act. We are also framing our views through the process of consultative mechanism and the same are being submitted to the Ministry of Corporate Affairs in phases.

The new Act has increased focus on ethics and good corporate governance. The Act expects the auditors to deliver more in terms of information and assurance on governance practices in companies. As expected, the ICAI is determined to extend required training and guidance, capacity-building programmes to our members.

While laying more emphasis on better compliance, the new Companies Act has made CSR a mandatory responsibility for a class of certain degree of profit-making companies, while the message goes to all businesses that social responsibility has to be their integral aspect, if they want a sustained development for themselves.

Effective International Taxation System Required: Post-2008 crisis, issues in international cross-border taxation have raised many questions before the accountancy communities globally. There has been a seachange in cross-border trade and business practices in the wake of globalised economy. Today, companies do business across the globe using online infrastructure without worrying about their geographical locations or territorial jurisdiction, which makes business a complex phenomenon today. In the wake of tax status and activities of multinational organisations including transfer pricing, responsibility of accountancy professionals has increased in this globalised and technologicallyadvanced era. Organisation for Economic Cooperation and Development (OECD) is in the process of reviewing the international taxation in order to present a proposal to improve tax transparency and prevent tax avoidance. A multilateral global approach is required to improve the cross-border taxation scenario, considering the complex nature of international tax laws, treaties and information exchanges. G20 has also discussed tax avoidance on priority. All companies operating globally need to comply with the law of their applicable jurisdictions and pay taxes accordingly. They need to operate with responsibility and transparency. Being legally bound to disclose financial information on all (national and international) subsidiaries, our companies have been placed on top in corporate transparency among those of the BRICS nations.

President of India to Inaugurate ICAI International Conference in Kolkata: We are organizing two and a half-day International Conference on Accountancy Profession - Emerging Frontiers of Future Growth from 21st to 23rd November, 2013 in Kolkata. I am very happy to inform all stakeholders of our profession that the Hon’ble President of India Shri Pranab Mukherjee has kindly consented to inaugurate the Conference on 21st November, 2013, in Kolkata. Technical sessions during the Conference will focus on financial reporting, corporate finance, new IT aspects of business and new global competitive trade. I would request all our members to actively participate in the International Conference and make use of the productive sessions. Coinciding with the International Conference, we are also hosting CAPA (Confederation of Asia Pacific Accountants) and SAFA (South Asian Federation of Accountants) events. Details are available on our website.

Next IFASS Meet in March 2014 in New Delhi: I am glad that we will also be hosting the International Forum of Accounting Standard Setters (IFASS) meet in New Delhi in March 2014. IFASS, earlier known as NSS (National Standard Setters), is a group of accounting standard-setters of various countries across the world.

Kenyan Delegation to ICAI: The delegation from the Kenyan Accountants & Secretaries National Examination Board (KASNEB) visited ICAI headquarters in New Delhi. The delegation was led by its Board Members Ms. Catherine Musakali and Mr. Daniel M. Ndonye. The purpose of the visit was to seek assistance from ICAI in their on-going process of undertaking a major review of their syllabuses. During the meeting areas of education and training including the assessment procedures were also deliberated.

Compliance with CPE-Hour Requirements: The ICAI Council has decided that members should comply with their CPEhour requirements for the current block of three years, i.e. from 1st January, 2011 to 31st December, 2013, and complete the same by 31st December, 2013. Any shortfall in CPE credit for the period should be met by the same date. Names of members who fail to comply would be hosted on the Institute’s website for information, and regulatory authorities may take action on the basis of this information with regard to allotment of professional work to those members as sole proprietor or to their partnership firm. In order to remove the names from that published list, member(s) shall have to make up for the shortfall by obtaining twice of the amount of the shortfall, which will be in addition to the regular CPE-hour requirements for the block period.

Issues in Manual-/e-Filing of Tax Audit Report: The ICAI, being a partner in nation building, has always been proactive in bridging the gap between the Department and the taxpayer/member. With regard to the e-filing of Income-tax Returns and audit reports, ICAI is aware that difficulties were being experienced by our members. We had repeatedly submitted our request to the CBDT to extend the due date of furnishing the report under Section 44AB/ Section 92E of the Income-tax Act, 1961 and the e-filing of ITR. In fact, a detailed representation was submitted for extension in due date quoting difficulties in manual furnishing of audit reports and issues in e-filing of audit reports. Delays on account of natural calamities in some parts of our nation were also communicated. We also requested the CBDT to consider difficulties faced in uploading audit reports and returns due to technical snags and difficulties faced by assessees. We also requested them not to initiate penalty under Section 271B, where tax audit reports have not been filed manually before 30th September, 2013, but have been e-filed before 31st October, 2013. Then, with regard to the writ petitions filed by some chartered accountants societies/associations or individual chartered accountants seeking extension in due date for filing returns of income tax and tax audit reports, we were intimated that the Delhi High Court while hearing the said writs had formed a Committee of four members including two representatives from our Institute to submit a detailed representation for extension of due date and also to appear before CBDT to explain the hardships being faced. In order to support the cause, a detailed representation was once again submitted to the CBDT recently with a request to suitably extend the due date. I am pleased to share with you that, today, the CBDT has directed that where the 'due date' of furnishing audit reports and corresponding income tax returns was 30th September, 2013, and where the same has been furnished electronically on or before 31st October, 2013, such reports of audit and returns of income shall be deemed to have been furnished within 'due date' prescribed under Section 139 of the Income-tax Act, 1961.

Web-Hosting of ISCA and IDTL Revised Study Material: Syllabi of Paper 6 (Information Systems Control and Audit) and Paper 8 (Indirect Tax Laws) of Final Course have been revised and that it has been decided to hold examinations of the aforesaid papers in accordance with the revised syllabi from November 2014 onwards. Detailed announcement is hosted on our Institute’s website. Study Materials of the two revised papers have been prepared and hosted on our website. Although students have been communicated through e-mail about this change in syllabi and hosting of the revised study materials, you are also requested to bring this to the notice of articled assistants engaged with you.

MoUs in Interest of Membership: An MoU has been signed with Corporation Bank with regard to an arrangement of a loan scheme ‘Corp CA’ Scheme for our members. We also signed an MoU with New India Assurance Co. Ltd. with regard to an arrangement of the Office Protection Shield Insurance for our members.

Committed to Knowledge Sharing: We have organised many Investors Awareness Programmes under the aegis of the Ministry of Corporate Affairs. We have also organised training programme for the officials of CBI (Central Bureau of Investigation) on financial and banking fraud detection. For the officials of Serious Fraud Investigation Office (SFIO), we have received a proposal to impart t raining on the same. We have also received proposals from some State Governments to impart training to their police officials in that regard.

Language Lab in ICAI: I am glad to acknowledge that a language lab has been set up as part of a communication-skill development initiative for our students. This will serve as a tool to teach a language by interactive methods using available software, and thereby help our students to learn phonetics including acceptable (standard) pronunciation and accent using self-assessment modules. In the lab, students who are not comfortable in using English language will get an opportunity to acquire, practice and enhance their communication skills. A pilot batch of students recently attended the lab, and the response received was quite encouraging for all of us to see. Overall, participants found the software informative and helpful. It is good that the language labs will help our students in resolving their issues in English language and communication skills.

e-Sahaayataa: e-Sahaayataa, an online grievance management system of the ICAI, provides prompt services to all stakeholders of accountancy profession including our members and students. It’s satisfying to observe that the number of members and students who avail this service to resolve their queries pertaining to day-to-day functioning of the Institute, has greatly increased over the time, which says a lot on the quality of the Institute’s delivery. I would request all our members and students to make optimum use of this service, which is meant mainly to get answers on queries relating to administrative aspects of the Institute, and not on queries relating to the technical matters of the Institute.

CABF Initiative: With regard to the Chartered Accountants Benevolent Fund (CABF), I would like to inform that CABF has received a total contribution of 1,23,15,305 since February 2013, of which 15,96,805 has been received as voluntary contribution. A total of 1,02,47,500 has already been granted as financial assistance to the family members of deceased members of the Institute during this period, i.e. since February 2013. I will call upon all our members to please contribute generously to the responsible initiative-CABF.

Finally, there is good news on Indian Economic front, which was a long-awaited one amidst the general gloom. A third successive month of double-digit export growth along with a sharp compression in imports saw a trade deficit narrow to a 30-month record in September, raising hopes that the worst of the current account deficit and rupee weakness are behind India.

Exports rose 11.2% in September while imports fell 19.1%, which compressed the trade deficit to $6.8 billion, the lowest since March 2011. It is good that after a better-thanexpected trade deficit numbers, experts say that the current account deficit will stay below the $70 billion estimated by the government for the current fiscal. Data suggests that the concerns on external-sector vulnerability are fast abating. It augurs well for our economy. It is an indicator that negative market expectations of bottomless slide are reversing. Let’s help and support our economy progress faster.

Let’s have hopes on the growth projections of RBI Governor Shri Raghuram Rajan than believe the recently-released conservative forecast of IMF (International Monetary Fund) about our national growth down from 5.6 to a mere 3.8%. To me, this forecast is specifically based on recent developments and performances without considering the improved performance in core sectors like cement, steel, coal and power, improved exports due to rupee depreciation and this year’s more-than-sufficient monsoon that may possibly effect an improved agricultural performance. Besides, rupee depreciation will also help domestic industries to grow and compete strikingly against imports.

Winter has arrived. We can feel the chill in the evening air. I would like to extend my sincere heartfelt wishes to all of you on the festival of light, Deepawali. May this festival bring hope and happiness in our lives! Muharram, the most sacred month of Islamic calendar, will touch our life, soon after Deepawali. Founder of Sikhism and a staunch propagator of spiritual and social equality Guru Nanak’s birthday, Gurpurab, is celebrated on Kartik Poornima every year. Let us learn to live honestly and earn without manipulating and deceiving others, while remembering the great Guru.


CA. Subodh Kumar Agrawal

President, ICAI

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Application Form for the Information Systems Audit (ISA) Assessment Test – November, 2013 [Last Date-12th November, 2013]. - (30-10-2013)

Application Form for the Information Systems Audit (ISA) Assessment Test – November, 2013 [Last Date-12th November, 2013]. - (30-10-2013)

• Online Application Form 
• Hard Copy Application Form

Tags: icai, CA Announcement, CA, Chartered Accountants,

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How to reset Income Tax E-filing Password Quickly By CA Vaibhav Joshi

Since we are not required to access E-Filing website as human we tend to forget its Login Information & Password. So let see how you can retrieve login details step by step.

First you need to know that there is no option to recover forgot password, only option is to recover the same by providing certain information of taxpayer.

First to reset password click on following link:

https://incometaxindiaefiling.gov.in/e-Filing/Services/ForgotPassword.html

Also there is direct link below login button on main login page. By clicking on the same you will be directed to, see below screen shot:

After you click there new window will get open as shown in below screen.

Ø     1^st in User ID mention your PAN

Ø  2^nd type number as mentioned in Capatcha

Ø  3^rd click on continue.

If your PAN is valid you will be taken to new window as shown in below screen. Mention again your PAN no. in User ID.

Now let’s move forward for resting password.

If you have never filed your E-Return before then you can reset password by selecting 1^st option Answer Secret Question.

1. Select Answer Secret Question option
2. Mention date of birth
3. Select Your Secret Question
4. Mention Your Answer to secret Question
5. Click on validate button.

If you have forgot details of acknowledgement of last return file then you can reset password supplying relevant details as per screen shown below. You are required to provide following=g details:

1.   Select Enter E-Filed acknowledgement number

2.   Select Assessment year

3.   Acknowledgement number

4.   Bank A/c number mentioned in return filed

5.   Click on validate button.

If you don’t remember secret Question & don’t have acces to registered email ID then last option is to uplaod Digital Signature as shown below:

You have to select existing DSC or New DSC for registering new Digital Signature Certificate.

If you're not able to reset the password with any of the three options above,

Please send an email to - validate@incometaxindia.gov.in with the following details

ü  PAN

ü  PAN holder's Name

ü  Date of Birth / Date of Incorporation

ü  Father's Name

ü  Registered PAN address

Or you can call on call center:

   Ø  For Income tax related queries

ASK : 1800 180 1961

Ø  For Rectification and Refund

CPC : 1800 425 2229

Ø  For e-Filing of Returns

e-Filing : 1800 4250 0025

This Article has been shared by CA Vaibhav Joshi.

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READ CAREFULLY SOME IMPORTANT POINT FOR ICWAI/CMA STUDENT WRITTEN BY CMA SAMIR BISWAL

ICWA Foundation Course

Eligibility for Admission:

(a) 17 years of age; and

(b) Passed Senior Secondary Examination under 10+2 scheme of a recognized Board

Incumbents waiting for the result can apply for provisional admission

Fees (Postal Coaching)

Rs.2000/- for Postal Tuition plus

Rs.150/- for Prospectus ( No registration fee)

(Remit through a Demand Draft of any Scheduled bank in the Name of ICWAI payable at Kolkata)

Documents to be enclosed with application form:
1. Bank Draft ( as mentioned above)
2. Attested Copy of Matriculation Certificate
3. Attested copy of 10+2 Certificate or Marks Statement
4. Three photographs attested and pasted on the form

(Attestation should be by any member of ICWAI /ICAI/ /ICSI/Parliament/Stage Legislative Assembly or a Gazetted Officer or a Principal of a college)

ICWA Intermediate Course

Eligibility for Admission:

(a) is not less than 18 years of age; and

(b) has passed degree Examination of any recognized University or equivalent incumbents waiting for the result can apply for provisional admission

Fees ( Postal Coaching)

Rs.3500/- for Postal tuition plus

Rs. 300/- for Registration Charges plus

Rs.150/- for Prospectus

(Remit through a Demand Draft of any Scheduled bank in the Name of ICWAI payable at Kolkata)Documents to be enclosed with application form:
1. Bank Draft ( as mentioned above)
2. Attested Copy of Matriculation Certificate
3. Attested copy of 10+2 Certificate or Marks Statement
4. Attested copy of the degree
5. Three photographs attested and pasted on the form

(Attestation should be by any member of ICWAI /ICAI/ /ICSI/Parliament/Stage Legislative Assembly or a Gazetted Officer or a Principal of a college)

When to Apply:

Exams are held two times in a year i.e. on 18th to 21st June and on 26th to 29th December.

For June Term Examination apply before 15th December of previous year and for December Term Examination apply before 15th June.

Where to Apply:

All students shall submit their Postal Application form, duly filled in together with relevant documents and remittances to their respective Regional Councils only.

ICWA Final Course

Eligibility requirements

No candidate shall be admitted to the Final Examination unless he/she has got a valid registration number (not time-barred).

He / she has not been debarred from appearing in ICWAI Examination. 

He/she has  passed the ICWAI Intermediate Examination in penultimate term; i.e. a student passing in December Examination shall not be allowed to sit for the next June Examination .

He/she has obtained the necessary coaching completion certificate. 

He/she has paid the fees according to Current Rate within the stipulated date: i.e. 15th April and 25th October for June and December Examination, respectively. 

He/she has submitted the application in prescribed form which is available from the Head Quarters, Regional Councils and Chapters on payment of Rs.20 only by Demand Draft or against cash payment at the counters of the respective offices. (Rs.25/- if obtained by Post) .

Option to use Hindi in Foundation, Intermediate and Final Examinations of the Institute:

Candidates of Foundation, Intermediate and Final Examinations are allowed to exercise option for answering questions in Hindi.

For obtaining Coaching Completion Certificate (CCC),it is necessary for the student to complete the following trainings:

1. Dissertation- 5000 Words.

For obtaining CCC, either in stage III or IV, whichever is later, the student is required to undergo dissertation. The methodology would be as follows:

Dissertation should be conducted under the guidance of a person having any of the qualifications viz. FICWA, FCA, FCS, University Professor, Associate Professor, Officers in the rank of Dy.. Secretary and above in respect of the State or Central Govt., Officers in the rank of DGM/Vice-President in respect of Private or Public Sector organizations as applicable.

The student would require to select the Guide to examine his/her dissertation. However, the Regional Councils and Oral Coaching Centres having permission to conduct Oral or Postal coaching in the Final course, may issue introductory letter to the students on request.  

The Regional Council/Chapters would maintain a list of such persons selected as Guide for such dissertations. One copy of  the papers submitted by the student would be kept with the Regional Council/Chapter in their Library for future reference, and a list will be sent to Director of Studies at Headquarters, Kolkata. While issuing certificate for dissertation, the Regional Council/Chapter would mention the topic in the respective dissertation. 

No fees would be charged by the Regional Council/Chapter for such type of dissertation.

2. Computer hand on 100 hours.

The candidate who has passed one stage and appearing in another stage or the candidate appearing in both stages of the examination is required to complete the compulsory computer training with recognized institutions as notified by the Institute from time to time. A separate fee for this training is required to be paid.

Exemption from Computer training is available, if a candidate fulfills the following:

Students having "A" level certificate of DOEACC would be exempted from appearing in computer training in the Final level. 
Additionally, students having Post-graduate Degree/Diploma awarded by any organisation, recognised by any Indian University or AICTE for this purpose will be exempted for undergoing the Computer Training Course.

Students having requisite qualification and desirous of availing of the facility of exemption as mentioned above may apply to Director (Studies), ICWAI, 12, Sudder Street,Kolkata-700 016 with relevant documents along with a remittance of Rs 1200/- by way of demand draft in favour of ICWAI payable at Kolkata in the prescribed form.

3. Modular Training-15 days

The Regional Councils and Chapters would arrange modular training for 15 working days. The fees for this training will not exceed Rs. 1500/-.

4. Audit/ Industrial Training- 12 Months

Training covers the following areas:

Orientation of the organization 
Cost and Management Accounting areas 
Financial Account areas 
Management Accounting areas 
General Office services 
This training will be arranged by the student under intimation to the Regional Council or Chapter as applicable.

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This Article is written by CMA Samir Biswal. He can be reached at cmasamirbiswal@gmail.com

Subscribe to Studycafe by Email

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Open House with Hon'ble Finance Minister on VCES

This is to inform that the Service Tax Department is organizing an Open House with Hon'ble Finance Minister on Voluntary Compliance Encouragement Scheme (VCES) on Monday, 11^th November, 2013 from 3.30 pm to 4.30 pm. The venue is being finalised and will be intimated in due course.

 

Shri Sumit Bose, Secretary (Revenue) along with Ms Praveen Mahajan, Chairperson CBEC shall be joining the Open House discussions. Other senior officials from the Department shall also be present.

 

PHD Chamber has been invited to participate in the discussions. Members are requested to send their confirmation for joining the discussions by email at mbhardwaj@phdcci.in / rony@phdcci.in latest by 5^th November 2013.

 

Kindly treat this as urgent as we will accordingly arrange for the requisite invitation cards from the Department.

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FORECLOSURE : GOOD OR A BAD IDEA??

Over the last few years, since the crash of the housing bubble and in this troubled economy, many homeowners have homes worth significantly less than what they paid, greatly diminished incomes, and other issues. Foreclosing on a home has major ramifications that can last for years, but for some, foreclosure may seem like the only option. Here, we take a look at some of the details and alternatives. As an example, entire neighborhoods were built in a booming frenzy by construction companies during the bubble. In some of these areas, the construction created a glut of housing, and many houses stayed vacant. The homeowners who bought into these ghost towns are faced with empty neighborhoods and homes valued at far less than what they owe. Other more established neighborhoods emptied out as homeowners defaulted on sub-prime mortgages, causing homes in the entire neighborhood to fall in value. The homes are hard to sell, even at a loss, and can be just as hard to rent out to others.

And it’s no secret that incomes around the country have dropped. Most everyone knows someone who has lost a job and taken a pay cut upon returning to work. Mortgage payments which were easy to meet under better wages have now become increasingly harder to pay, and many homeowners are finding themselves struggling to stay on top of the bills.So, while some bought homes they couldn't quite afford, lured by low interest rates and all-too-willing, unscrupulous lenders and they ended up in default. However, for many Americans, home purchases that seemed like a wise investment at the time have turned into financial disasters. Many are wondering what to do next with a mortgage that is too high, homes that won’t sell for enough to pay for the mortgage, or homes which are simply unlikely to sell at all.Foreclosure is one way out of the game, but with steep implications. It can completely destroy one’s credit rating for years to come, and make it difficult to get a needed loan later on. It could hurt a family’s chance of renting if a credit report is part of the applicant screening process, thereby limiting rental options. Any open lines of credit may be lowered once the default goes on record, and some credit card companies may change other terms. Further, there can be steep tax implications come April 15.
If a homeowner is already behind on payments, these ramifications may already apply.

The advantages of foreclosure include being able to stay without paying rent for a while. In some states, this could be a year or longer, which could buy time to catch up financially, find better employment, or otherwise develop ways to increase income. During that time, it might also be possible to negotiate new terms with the bank, especially if the home is in a difficult housing market. However, we’ve all heard the horror stories about cut-throat practices by some lenders who have foreclosed on homes illegally, so it is still very risky.An alternative to foreclosure is a short sale, although the negative impact to credit scores can be just as bad as a foreclosure on record. A short sale is an agreement with the bank to sell the house for less than what is owed, and the homeowner can be allowed to walk away with minimal cost, or given terms to pay back the deficiency which the homeowner can more easily handle financially.

Often, people facing these difficult choices are advised to seek other alternatives. If it’s possible to secure more affordable living quarters (perhaps with a family member, for example), renting out the house can be an option bring in income and avoid foreclosure. However, this route can bring its own problems as well, especially if the tenants prove to be troublesome. The home will still require maintenance and homeowners fees.

While advice to rent the home out can be thrown around liberally and by people who mean well, it's not always an option. Some homeowners associations may have restrictions on renting, or it may even be banned, so it may not even be possible to rent the home. Even without a homeowner’s association, many municipalities have laws which restrict rental terms. For example, in many college towns, year-round residents have worked to pass laws that keep homes from becoming college flop houses by encouraging local government to pass laws allowing no more than two unrelated adults to live in one single-family home, or similar laws. Research on local laws will be required to determine if renting is actually an option.

Of course, none of these tips can replace legal advice from a qualified lawyer. Laws vary greatly by state and region, and the unique set of circumstances any homeowner is in vary as well, so there are no simple solutions when the mortgage has turned into a monster. Foreclosure can be a way out from under an enormous burden, but not without long-term consequences. It’s important that anyone considering foreclosure consider all the options open to them and seek the advice of qualified professionals.

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How to helping you Internet for searching a dreams job written by CMA Samir Biswal

Employment for life, is old hat. Now, people look for a job change every few years and need options to keep their boats afloat. The Net has become the favoured tool to find new jobs. Here's how you can navigate through it to nail your next job.

Build your boat 

As a first step, use the following questions to craft your CV: what do you have to offer that the world is ready to pay for? How will you signal this to employers? What jobs fit in your career path? A recruiter takes less than 8 seconds to shortlist or reject your resume. He wants to know what you did earlier, and how successfully.

To make sure your answers are seen instantly, use a standard CV template, which can be found online. Don't use fancy fonts, colours, adjectives, bombastic words or objective statements. Do you want to upload your resume on open job platforms or only on networking sites? Know that your employer too has access to job portals and is probably tracking your activities. Google yourself to see what potential employers can find out about you. To avoid sharing your personal life with professional contacts, use a Facebook account with a nickname.

Lastly, clean up your LinkedIn account and you are ready to cast off. Sail far and deep The better your research and analysis, the higher the rewards. If you are keen on a single industry, look online for research reports and news, pore through annual reports and websites of competing firms, and details of industry events. Do the same with its customers and vendors.

Analyse the information and guess how things will pan out in 2-3 years for various players. You will have a perspective of where the opportunities may lie. If you opt to remain in the same function, update yourself on the growing industries that need professionals in your line. You will identify gaps in your skill set which you can fill later via training or experience. You will also learn important keywords; add them to your resume.

Get Sudycafe's Updates by SMS in your mobile by Following below two Steps: 

1. Download our SmartPhone Application & 

2. Send a SMS, Type: JOIN CASTUDYCAFE & send to 9219592195

This Article is written by CMA Samir Biswal. He can be reached at cmasamirbiswal@gmail.com

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rbi hikes repo rate by 0.25 percent to 7.75, CRR Unchanged

Inflation worries forced the Reserve Bank to continue its firm stance and hike the short-term lending (repo) rate by 0.25 per cent, a step that will make corporate and consumer loans more expensive.

There was no surprise in the first full policy unveiled by new RBI Governor Raghuram Rajan on Tuesday, who increased the repo rate, as was widely expected, by 0.25 per cent to 7.75 per cent and brought down the cost of short-term funds for banks by slashing the marginal standing facility (MSF) rate by a similar quantum to 8.75 per cent.

The policy stance and measures, Mr. Rajan said, “are intended to curb mounting inflationary pressures and manage inflation expectations in a situation of weak growth.

“These will help strengthen the environment for growth by fostering macroeconomic and financial stability. The Reserve Bank will closely monitor inflation risk while being mindful of the evolving growth dynamics,” he said.

The central bank reduced the growth forecast for the current fiscal to 5 per cent from 5.5 per cent projected earlier. Economic growth fell to a decade-low of 5 per cent in the previous financial year.

The RBI left other rates unchanged, such as the cash reserve ratio at 4 per cent, and mandatory holdings in government securities and other liquid assets as a solvency measure (SLR) at 23 per cent.

However, the Governor doubled the borrowing limit of banks against their cash positions or NDTL to 0.5 per cent for both 7-day and 14-day repos, with immediate to increase liquidity in the system.

Lowers growth forecast

The Reserve Bank on Tuesday scaled down the growth forecast for current fiscal to 5 per cent from the earlier projection of 5.5 per cent, citing downside risk stemming from domestic constraints.

” ... headwinds to growth from domestic constraints continue to pose downside risks, and vulnerabilities to sudden shifts in the external environment remain,” RBI Governor Raghuram Rajan said in the second quarter review of monetary policy.

The RBI had projected a growth of 5.5 per cent for 2013-14 in its first quarter monetary policy on July 30.

The economy grew by 4.4 per cent in the first (April-June) quarter of current fiscal. It had expanded by 5 per cent in 2012—13 fiscal, the lowest level in a decade.

“Strengthening export growth and signs of revival in some services, along with the expected pick-up in agriculture, could support an increase in growth in the second half of 2013-14 relative to the first half,” Mr. Rajan said.

He said the revival of large stalled projects and clearances by the Cabinet Committee on Investment (CCI) would buoy investment and overall economic activity towards the close of the year.

The RBI’s projections are in line with that of the World Bank and International Monetary Fund (IMF) which lowered the growth forecast for India earlier this month.

The World Bank slashed India’s economic growth forecast for the current financial year to 4.7 per cent from an earlier projection of 6.1 per cent. Besides, IMF projected an average growth rate of about 3.75 per cent for India in 2013-14.

Mr. Rajan said industrial activity has weakened with a contraction in consumer durables and capital goods sector, reflecting ongoing downturn in both consumption and investment demand.(The Hindu)

Keywords: RBI, quarterly review, RBI policy, repo rate hike

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