Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | Deposit gush: CA Institute bats for special audit -KR Srivats    </title>
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-The Hindu Business Line

Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey

New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused &ldquo;special audit&rdquo;..."/>
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-The Hindu Business Line

Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey

New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused &ldquo;special audit&rdquo;..." />
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey<br /><br />New Delhi: </em>The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused &ldquo;special audit&rdquo; of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year.<br /><br />There is a need to assess the demonetisation impact at each of the bank branches vis-&agrave;-vis the RBI circulars on this issue and gauge the extent of compliance, Nilesh Vikamsey, President, Institute of Chartered Accountants of India (ICAI) told BusinessLine in an interview here on Wednesday. &ldquo;Whether the compliance with RBI circulars or government intent has happened or not in each branch is something that needs to be assessed and a focused special audit of demonetisation is the need of the hour,&rdquo; Vikamsey said.<br /><br />The CA Institute also plans to take this suggestion on &ldquo;special audit&rdquo; to the Central Board of Direct Taxes (CBDT), he added.<br /><br />Banks had reportedly conveyed to the Income-Tax Department that there were more than 91 lakh cases where the amount deposited in banks had exceeded Rs. 2 lakh in each case during the demonetisation period.<br /><br />&ldquo;We have members all over the country including small towns. If a specific scope is made out, we can help the RBI..help the government and regulators in whatever they want to identify and verify,&rdquo; said Vikamsey.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey<br /><br />New Delhi: </em>The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused &ldquo;special audit&rdquo; of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year.<br /><br />There is a need to assess the demonetisation impact at each of the bank branches vis-&agrave;-vis the RBI circulars on this issue and gauge the extent of compliance, Nilesh Vikamsey, President, Institute of Chartered Accountants of India (ICAI) told BusinessLine in an interview here on Wednesday. &ldquo;Whether the compliance with RBI circulars or government intent has happened or not in each branch is something that needs to be assessed and a focused special audit of demonetisation is the need of the hour,&rdquo; Vikamsey said.<br /><br />The CA Institute also plans to take this suggestion on &ldquo;special audit&rdquo; to the Central Board of Direct Taxes (CBDT), he added.<br /><br />Banks had reportedly conveyed to the Income-Tax Department that there were more than 91 lakh cases where the amount deposited in banks had exceeded Rs. 2 lakh in each case during the demonetisation period.<br /><br />&ldquo;We have members all over the country including small towns. If a specific scope is made out, we can help the RBI..help the government and regulators in whatever they want to identify and verify,&rdquo; said Vikamsey.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey<br /><br />New Delhi: </em>The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused &ldquo;special audit&rdquo; of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year.<br /><br />There is a need to assess the demonetisation impact at each of the bank branches vis-&agrave;-vis the RBI circulars on this issue and gauge the extent of compliance, Nilesh Vikamsey, President, Institute of Chartered Accountants of India (ICAI) told BusinessLine in an interview here on Wednesday. &ldquo;Whether the compliance with RBI circulars or government intent has happened or not in each branch is something that needs to be assessed and a focused special audit of demonetisation is the need of the hour,&rdquo; Vikamsey said.<br /><br />The CA Institute also plans to take this suggestion on &ldquo;special audit&rdquo; to the Central Board of Direct Taxes (CBDT), he added.<br /><br />Banks had reportedly conveyed to the Income-Tax Department that there were more than 91 lakh cases where the amount deposited in banks had exceeded Rs. 2 lakh in each case during the demonetisation period.<br /><br />&ldquo;We have members all over the country including small towns. If a specific scope is made out, we can help the RBI..help the government and regulators in whatever they want to identify and verify,&rdquo; said Vikamsey.<br /><br />Please <a href="http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true" title="http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Deposit gush: CA Institute bats for special audit -KR Srivats

Published on May 11, 2017   Modified on May 11, 2017

-The Hindu Business Line Need to assess impact of demonetisation on banks, says ICAI chief Vikamsey New Delhi: The CA Institute has urged the Finance Ministry and the Reserve Bank of India (RBI) to allow its members to undertake focused “special audit” of deposit flows into the banking system during the demonetisation period, which started on November 8 and ended on December 31 last year. There is a need to assess the demonetisation impact at each of the bank branches vis-à-vis the RBI circulars on this issue and gauge the extent of compliance, Nilesh Vikamsey, President, Institute of Chartered Accountants of India (ICAI) told BusinessLine in an interview here on Wednesday. “Whether the compliance with RBI circulars or government intent has happened or not in each branch is something that needs to be assessed and a focused special audit of demonetisation is the need of the hour,” Vikamsey said. The CA Institute also plans to take this suggestion on “special audit” to the Central Board of Direct Taxes (CBDT), he added. Banks had reportedly conveyed to the Income-Tax Department that there were more than 91 lakh cases where the amount deposited in banks had exceeded Rs. 2 lakh in each case during the demonetisation period. “We have members all over the country including small towns. If a specific scope is made out, we can help the RBI..help the government and regulators in whatever they want to identify and verify,” said Vikamsey. Please click here to read more.

The Hindu Business Line, 10 May, 2017, http://www.thehindubusinessline.com/economy/deposit-gush-ca-institute-bats-for-special-audit/article9691586.ece?homepage=true

Tagged with: Demonetisation institute of chartered accountants of india (icai)

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