Wednesday, December 1, 2010

Students pursuing CA to get exemption in subjects in B. Com course


The University of Madras will soon sign a memorandum of understanding with the Institute of Chartered Accountants of India (ICAI). The agreement would enable students pursuing a course in chartered accountancy to enrol for a B.Com programme in the university with exemptions in certain subjects, according to Vice-Chancellor G. Thiruvasagam.


Speaking at a function to honour students with the ‘Commerce Merit Awards,' instituted by Shree Guru Kripa's Institute of Management here on Tuesday, he said the arrangement was to help students pursuing CA avoid repeating the same subjects in their B.Com programme, too. “We have held preliminary discussions with the ICAI. We will sign the agreement by the end of December,” Prof. Thiruvasagam said.

Emphasising the need for skill orientation in all disciplines, he said while the commerce stream gave a student access to a whole range of opportunities, it was also important for the student to be oriented to some practical components. The university was considering introducing a bachelor's programme in forensic accounting and a management programme with a specialisation in accounting next academic year, he added.

Earlier, G. Sekar of Shree Guru Kripa's Institute of Management, spoke on the opportunities linked to the commerce stream.The Institute, besides training students every year, also brings out books related to the subject.

Students from CBSE and State Board schools, who topped the commerce stream, at the State and district levels in the 2010 examinations were awarded certificates, medals and total cash prizes for nearly Rs.6 lakh

Courtesy: The Hindu

World's most expensive home built in Mumbai


 MUMBAI: Indian billionaire Mukesh Ambani has hosted a lavish housewarming party to show off his just-completed new skyscraper residence, believed to be the world’s most expensive private home.Some 80 of India’s rich and famous attended the party Friday night at the 27-storey building, which dominates the skyline above the sprawling slums and traffic-choked roads of Mumbai, the Times of India reported. Indian novelist Shobhaa De, who attended the party, called the building – reported to be the world’s priciest private residence costing over $1 billion – “the Taj Mahal of the 21st century.”


Ambani, who heads India’s largest private company, petrochemical giant Reliance Industries, will need 600 employees to maintain the palatial residence, reports said. De described visiting “what has got to be the biggest, glitziest ballroom in India – the Palace of Versailles is a poor cousin” with groaning buffet tables lining “one of the unending walls.”

Ambani, his wife and three children are to live in the 174-meter (570-feet) tall home, which according to reports has six floors of parking, swimming pools and a cinema. It is named after the mythical Atlantic island “Antilia.”
One newspaper described the residence as epitomizing “the swagger and confidence of India’s economically buoyant upper echelons. Ambani, 53, is India’s wealthiest man with a $27-billion fortune, according to Forbes magazine. Anti-poverty campaigners have highlighted the contrast between the home and the plight of many in Mumbai, where half of the estimated 18 million population live in slums, with sketchy or non-existent power and water supplies.

The gulf between rich and poor is visible just a short walk from Ambani’s residence on Altamount Road, where entire families can be found living under a flyover and on pavements near foreign consulates and exclusive boutiques.

Guests at the residence, which has a temple on the ground floor and a personal library on the top, included Bollywood stars Preity Zinta and Aamir Khan as well as Indian billionaire Kumar Mangalam Birla. “It’s great to breathe fresh air at this height and leave Mumbai’s pollution down below,” one unnamed guest was quoted as saying about the vertical mansion with its panoramic views of Mumbai and the Arabian Sea beyond.
Designed according to Vaastu principles, an Indian tradition much like feng shui – said to move energy beneficially through the building – the building looks from the outside like a tall pile of books of varying sizes.

Mukesh Ambani’s elderly mother also has quarters at the new home. She will commute between Antilia and the 14-storey residence of her younger son Anil where all family members previously lived under one roof – albeit on separate floors, novelist De reported.

The siblings in May publicly ended a bitter feud arising from the division of the vast conglomerate left by their rags-to-riches father Dhirubhai, who died in 2002 without a will. However they are still rarely seen together


Courtesy: Daily star