ICAI | Extension of the time period for admission in Foundation Course

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Extension of time period for admission in Foundation Course

The Institute of Chartered Accountants of India (ICAI) announced the extension of the time period for admission in the Foundation Course for appearing in the Foundation Examination to be held in December 2021.

In order to remove hardship caused to the students due to Covid-19 spread or otherwise, the Competent Authority has decided as under:–

  • Candidate may provisionally register in the Foundation Course on or before 16th August, 2021 and appear in December 2021 Foundation examination.
  • Such students are required to send their Class XII examination mark sheets to Additional Secretary, Examination Department (ICAI) latest by 10th September 2021

  • The above relaxation in the requirement of Regulation 25E & 25F shall be a one-time measure only.

Source: ICAI

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What is e-RUPI and how it works ?

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e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code.  It is a pre-paid voucher, which he/she can go and redeem it at any centre that accepts its.

For example, if the Government wants to cover a particular treatment of an employee in a specified hospital, it can issue an e-RUPI voucher for the determined amount through a partner bank.  The employee will receive an SMS or a QR Code on his feature phone / smart phone.  He/she can go to the specified hospital, avail of the services and pay through the e-RUPI voucher received on his phone.

Thus e-RUPI is a one-time contactless, cashless voucher-based mode of payment that helps users redeem the voucher without a card, digital payments app, or internet banking access.

How is e-RUPI advantageous to the Consumer ?

e-RUPI does not require the beneficiary to have a bank account, a major distinguishing feature as compared to other digital payment forms.   It ensures an easy, contactless two-step redemption process that does not require sharing of personal details either.

Another advantage is that  e-RUPI is operable on basic phones also, and hence it can be used by persons who do not own smart-phones or in places that lack internet connection.

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