Education News

ICAI scraped CPT from August 2012 – Changes in CA Course with Direct Entry

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The institute of Chatered Accountants of India (ICAI) has revamped the CA course. The following changes will come into effect from 1st August 2012. The ICAI has scraped the much popular entry level exam CPT (Common Proficiency Test) and offered Direct Entry for candidates with certain qualifications as mentioned below. The Institute has also changed the eligibility criteria for CA course. The registration details, fee payment and transitional procedures will be announced by ICAI on 16th August 2012.

As per the proposed changes, the eligibility for exemption from the Common Proficiency Test (CPT) will be given for Graduates and Post Graduates. Candidates with following qualifications can directly register for CA course:

1) Graduates or Post Graduates in Commerce with minimum 55 percent aggregate marks. They should have studied any three papers of 100 marks each from Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management, Taxation, Costing, Business Administration or Management Accounting.

2) Any Graduate or Post Graduate with minimum 60 percent marks in aggregate.

3) Candidates who have passed the intermediate examination conducted by Institute of Chartered Accountants of India (ICAI) or by ICS (Institute of Company Secretaries of India).

Details of the changes and new regulations available at http://220.227.161.86/27507directca17034.pdf .

EAMCET 2012 Engineering Counseling Schedule on 8th August

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Hyderabad, August 8: The EAMCET 2012 Engineering Counseling notification / Schedule is likely to be announced on 8th August 2012. The cabinet sub committee will meet on the said day to take final decision on the Counseling schedule along with fixing fee and other procedures. The Government has decided to continue the fee structure of previous year for the academic year 2012-13. The fee for Engineering in Convener quota seats is Rs. 31000.

The colleges fall under uniform fee structure may have different fee structure. In this case, the Government will offer fee reimbursement for the amount of Rs. 31000 and candidates have to arrange the remaining fee on their own. The Government will pay the total fee for SC and ST candidates but BC and EBC candidates have to bear the balance amount in these 133 colleges. Following are some important decision of the cabinet sub committee:

1) The admission announcement will be announced on 8th August 2012.
2) Government will pay Rs. 31000 for BC and EBC candidates. SC and ST candidates will ger full reimbursement.
3) AFRC has to decide on the fee structure of 133 engineering colleges which have accepted to implement uniform fee for convener and management quota seats.
4) Student who get minimum 50 percent marks in all subject will only be eligible for tuition fee reimbursement.