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 ICAI invites suggestions for Pre-Budget Memorandum-2024
 Hosting of Multipurpose Empanelment Form (MEF) : 2023-24
 Income tax department all set to cut refund time to 10 days from this fiscal year
 Extension of Last Date for Online Empanelment of Members to act as Observers for November/December 2023 Examinations up to 10th September 2023.
 Exemption(s) from appearing in paper(s) or Group of Chartered Accountancy Examinations under the New Scheme of Education and Training w.e.f. May 2024 Examination
 Relaxation to Old Course Students to commence 3 years of Practical Training (i) who have passed one of the groups of Intermediate Examination under Old Scheme.(ii) who have registered / provisionally registered in Intermediate through Direct Entry Route under Old Scheme. (iii) who have converted from Intermediate (Foundation/CPT Route) to Intermediate (Direct Entry Scheme) for appearing in November 2023 Examination.
 Exposure Draft of International Tax Reform-Pillar Two Model Rules - Amendments to AS 22
 Exposure Draft of Supplier Finance Arrangements - Amendments to Ind AS 7 and Ind AS 107
 Inviting Public Comments on draft amendments in the Chartered Accountants Regulations, 1988 arising out of Amendment Act 2022
 Exposure Drafts of SQM 1, SQM 2, SA 220 (Revised), SA 250 (Revised), SA 315 (Revised), SA 540 (Revised), SRS 4400 (Revised)
 Announcement for Candidates for appearing in December, 2023 Foundation Examination under the Existing Scheme of Education and Training

ICAI seeks corrections to Public Private Partnership model
September, 23rd 2014

The Institute of Cost Accountants of India (ICAI), in association with the International School of Business, Hyderabad, is conducting a joint study and it will recommend to the government to incorporate certain corrections in the Public Private Partnership (PPP) model of investments.

“The PPP model has failed to a large extent, with many projects unable to generate the projected profits,” ICAI national president A.S. Durga Prasad said here in an interview on Saturday.

He said the ICAI had gathered the data on the issue . It will be studied after which interviews will be held with major players in PPP projects. He said, “We will also study some foreign models to understand the reasons for their success. It is unfortunate that in India not a single toll gate project has earned any profit,” Prasad said. He said the report would be completed in three months.

Further, he said, the ICAI would also undertake another study on the cost of agriculture operations, logistics and distribution. It is also evolving guidance notes on standard costing template and tracking cost of procedures for large health care projects.

He said that after revising the curriculum in 2012, the institute had been focusing on providing trained accounting professionals in the rural areas. The certified accounting technician (CAT) course, which could be completed in a year, has become a big hit in Kerala. Already 800 students have completed the course and in the current batch 3,000 students enrolled themselves. During the next batch, 5,000 are expected. After Kerala’s success, Rajasthan Government is also showing interest in the course, he added.

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