Chairman Write-up July 2015

Respected Members,

Growth is never by mere chance; it is the result of forces working together.

India was the best place for investment last year. The majority of emerging market funds is overweight. With China rallying and a bear market rally, commodity exporting countries' investors have been forced to re-balance resulting in forced selling of India. This is the major reason why markets have been struggling for the past six weeks. In mid-March, the dollar index briefly moved above the 100 mark, but it failed to maintain the momentum. This was partly a function of US economic weakness. Crude oil prices made lows in the beginning of the year and a higher low coincidental with the dollar reversal. And this started a rotation of trades out of long dollar, long Europe, Korean tech and India. The money rotated into the stressed Brazilian currency. I am optimistic about India. It is forecast that India will be a fastest growing major economy. High relative growth and reforms support the bull market. J.P. Morgan continues to advise clients be overweight on India.

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Office Bearers
CIRC Newsletter July 2015
CICASA NEWSLETTER

Proposed Building of CIRC

Announcements...

All Announcements
  1. Central India Regional Council of The Institute of Chartered Accountants of India has entered into the LIMCA book of Records, edition- 2015 launched on 21st January 2015, for the Most blood donated by Chartered Accountants from CIRC on 29th June 2014.

  2. CIRC Office Bearers 2015-16

  3. Commencement of Certificate Course on Forex and Treasury Management

  4. Announcement for Convocation 2015 - Ist Round - Change in date of Convocation of JAIPUR as 22ND JUNE,215 (MONDAY)

  5. General Amnesty Scheme for Retrospective Restoration of Membership

  6. Launch of the Certificate Course on Valuation in Kanpur from 19th July, 2015

  7. Registration form-Certificate Course on Valuation in Kanpur from 19th July, 2015

  8. CPT DISCREPENCY CASES AS ON DATE

  9. Notification on Increase of Stipend

  10. The GMCS II, 4th Batch is commencing from 30th June, 2015 at the New Building of ICAI, ICAI Bhawan, Plot No.9, Block A 1 (Adjacent to Rama Dental Hospital) Lakhanpur, Kanpur - 208024. The list of students as on 17th June (3.30 noon) for the batch is also attached herewith. Please double click to see the list. Reporting time by the enlisted student is  10.00 a.m. sharp.

  11. The GMCS II, 3rd Batch is commencing  from 22nd June, 2015 at the New Building of ICAI, ICAI Bhawan, Plot No.9, Block A 1 (Adjacent to Rama Dental Hospital) Lakhanpur, Kanpur - 208024. The list of students for the batch is also attached herewith. Please double click to see the list. Reporting time by the enlisted student is  9.30 a.m. sharp.

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