CBDT extends due date for filing form 24Q and issuance of Form 16
RBI reduces rates
Removal of LEVY on NEFT and RTGS transactions
Committee to review ATM interchange fee structure
website-
www.acquisory.com
The newsletter provides updates on economic news, SEBI/corporate regulations, RBI/tax law updates and market performance. Key points include: RBI to issue guidelines for small finance banks; EPFO seeks government approval to invest in shares; RBI issued notifications on compounding of FEMA contraventions and revisions to Basel II operational risk standards; and markets closed mixed with the Sensex down 8 points and Nifty flat.
Asia Counsel Insights gives readers a concise insight into legal and business developments in Vietnam. This edition has news on changes to registrations of residential housing projects and mortgage of off-the-plan apartments, public private partnerships and proposed new tax changes for SMEs and start-ups.
SEBI increased the investment limit for foreign portfolio investors in government securities by $5 billion. The environment ministry will consider group clearances for adjacent coal mines owned by Coal India Limited. L&T Finance Holdings' quarterly results met expectations with a 15.2% rise in net profit. A fifth of debt fund managers may lose their jobs due to increased taxes on debt funds in the Union Budget. The RBI issued circulars on foreign investment in India and an Exim Bank line of credit to Senegal. The Mumbai Income Tax Department will submit a report with recommendations to the Central Board of Direct Taxes.
The newsletter provides updates on economic news, corporate deals, regulatory changes, and market performance. The Finance Ministry and RBI will finalize a new monetary policy framework by December. NTPC is evaluating acquiring $5 billion of stranded power assets from 34 private plants. Recent RBI circulars provided updates on UNSC sanctions lists and SLR holdings. The markets closed lower with the Sensex up 7.73 points and Nifty up 2.40 points while the dollar rose against the rupee.
Presentation by Sarah Puro, Principal Analyst in CBO’s Budget Analysis Division, at the Transportation Research Board’s annual conference.
The Fixing America’s Surface Transportation Act was signed into law on December 4, 2015. The bill provided $281 billion in contract authority for surface transportation programs through 2020. Under provisions of the bill, CBO estimates, the Highway Trust Fund will be able to meet obligations through 2020.
Presentation by Deborah Kilroe, Associate Director for Communications at CBO, at the Fourth Annual Global Network of Parliamentary Budget Officers Assembly.
CBO continually strives to make its work more accessible on its website and social media platforms. This presentation provides an overview of the significant innovations that CBO has implemented in recent years to enhance the online presentation and accessibility of the agency’s work.
Federal spending for highways, which takes place largely through grants to state and local governments, has equaled a fairly stable percentage of gross domestic product over the past 30 years. Since 2001, that spending has exceeded the revenues from fuel and other taxes that are credited to the Highway Trust Fund for highway programs. Policymakers have various options for changing the ways in which the federal government spends on highways and raises money to fund those expenditures.
The newsletter provides updates on the economy, companies, and markets. Key points include:
- The Finance Bill 2014 was passed by the Lok Sabha and Rajya Sabha.
- India stood firm on having a parallel pact on food stockpiling and agriculture subsidies, preventing a consensus at the WTO on easing global customs rules.
- NTPC profit declined 13% due to new tariff regulation while Maruti Suzuki profit increased 20.7% in the first quarter.
The newsletter provides updates on economic news, SEBI/corporate regulations, RBI/tax law updates and market performance. Key points include: RBI to issue guidelines for small finance banks; EPFO seeks government approval to invest in shares; RBI issued notifications on compounding of FEMA contraventions and revisions to Basel II operational risk standards; and markets closed mixed with the Sensex down 8 points and Nifty flat.
Asia Counsel Insights gives readers a concise insight into legal and business developments in Vietnam. This edition has news on changes to registrations of residential housing projects and mortgage of off-the-plan apartments, public private partnerships and proposed new tax changes for SMEs and start-ups.
SEBI increased the investment limit for foreign portfolio investors in government securities by $5 billion. The environment ministry will consider group clearances for adjacent coal mines owned by Coal India Limited. L&T Finance Holdings' quarterly results met expectations with a 15.2% rise in net profit. A fifth of debt fund managers may lose their jobs due to increased taxes on debt funds in the Union Budget. The RBI issued circulars on foreign investment in India and an Exim Bank line of credit to Senegal. The Mumbai Income Tax Department will submit a report with recommendations to the Central Board of Direct Taxes.
The newsletter provides updates on economic news, corporate deals, regulatory changes, and market performance. The Finance Ministry and RBI will finalize a new monetary policy framework by December. NTPC is evaluating acquiring $5 billion of stranded power assets from 34 private plants. Recent RBI circulars provided updates on UNSC sanctions lists and SLR holdings. The markets closed lower with the Sensex up 7.73 points and Nifty up 2.40 points while the dollar rose against the rupee.
Presentation by Sarah Puro, Principal Analyst in CBO’s Budget Analysis Division, at the Transportation Research Board’s annual conference.
The Fixing America’s Surface Transportation Act was signed into law on December 4, 2015. The bill provided $281 billion in contract authority for surface transportation programs through 2020. Under provisions of the bill, CBO estimates, the Highway Trust Fund will be able to meet obligations through 2020.
Presentation by Deborah Kilroe, Associate Director for Communications at CBO, at the Fourth Annual Global Network of Parliamentary Budget Officers Assembly.
CBO continually strives to make its work more accessible on its website and social media platforms. This presentation provides an overview of the significant innovations that CBO has implemented in recent years to enhance the online presentation and accessibility of the agency’s work.
Federal spending for highways, which takes place largely through grants to state and local governments, has equaled a fairly stable percentage of gross domestic product over the past 30 years. Since 2001, that spending has exceeded the revenues from fuel and other taxes that are credited to the Highway Trust Fund for highway programs. Policymakers have various options for changing the ways in which the federal government spends on highways and raises money to fund those expenditures.
The newsletter provides updates on the economy, companies, and markets. Key points include:
- The Finance Bill 2014 was passed by the Lok Sabha and Rajya Sabha.
- India stood firm on having a parallel pact on food stockpiling and agriculture subsidies, preventing a consensus at the WTO on easing global customs rules.
- NTPC profit declined 13% due to new tariff regulation while Maruti Suzuki profit increased 20.7% in the first quarter.
The Congressional Budget Office has regularly published a report that documents trends in public spending for infrastructure. Here, CBO has updated the exhibits featured in that report through 2017.
There are six types of transportation and water infrastructure that are paid for largely by the public sector: highways, mass transit and rail, aviation, water transportation, water resources, and water utilities.
Federal, state, and local governments spent $441 billion on those types of infrastructure in 2017. That amount equaled about 2.3 percent of gross domestic product. The largest component of that total, $177 billion, went to highways, followed by water utilities and mass transit and rail.
The Council on Revenues lowered its forecast for growth in Hawaii's fiscal year 2014 State General Fund tax revenues from 0.0% to -0.4% due to cumulative collections through April being lower than expected, partly due to processing delays. While remaining optimistic about future years due to construction projects, the Council expressed uncertainty about the current economy, citing factors like declining visitor spending and federal fiscal austerity. The Council maintained its forecasts for 2015-2020 but issued a revised table showing lower expected growth of -0.4% for 2014 and ranges from 5.5-6.2% for later years.
The newsletter provides economic, regulatory, and market updates. It notes that reworking public-private partnerships could increase investment according to the Finance Minister. It also mentions that the National Company Law Tribunal formation has been delayed due to a legal challenge and that new forms are available from regulatory agencies. Several central bank and tax law circulars providing guidance are also summarized. Market indexes and commodity prices are included.
The document provides updates on recent circulars, notifications, press releases, and clarifications issued by the Central Board of Direct Taxes and Ministry of Corporate Affairs related to key provisions under the Income Tax Act and Companies Act. These updates clarify tax treatment of various transactions, remove jurisdictions from the notified jurisdictional areas list, approve protocols amending double taxation avoidance agreements, and specify reporting requirements for certain transactions by companies. The document is intended to help keep professionals informed of the latest changes under tax and company laws in India.
Presentation by Maureen Costantino, Visual Information and Publications Specialist in CBO's Management, Business, and Information Services Division, at the VisCom 2016 Conference.
This presentation provides an overview of the visual communications initiative at CBO. Highlighting the development, evolution, best practices, and examples of graphics products, its purpose is to educate those interested in developing such a program for their own workplace.
CORPORATE
RBI
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/-
MCA
MCA notifies withdrawal of E-Forms
SEBI
SEBI issues Guidelines for public issue of units of REITs
TAXATION
Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means
company website- www.acquisory.com
Forecast and Analysis of Corporate Income Tax - François Ecalle, FranceOECD Governance
This presentation was made by François Ecalle, Haut Conseil des Finances Publiques, France, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
The document provides economic, regulatory, and market updates from India. It discusses the Sagarmala port development project, a $300 million ADB loan to improve roads in North Bengal and the Northeast, and how proceeds from airwave auctions will help the government meet its fiscal deficit target. It also outlines new guidelines from SEBI for international financial centers, the appointment of registrars of companies as adjudicating officers, and RBI notifications regarding tax exemptions and special clearing operations. Market indices such as Sensex, Nifty, gold and silver prices are reported as declining.
Discussion regarding the applicability of Krishi Kalyan Cess and various pertinent issues regarding Krishi Kalyan Cess is discussed in the presentation.
The committee considered several reports on council initiatives and performance:
- They supported reducing the community grant budget to £3,000 and limiting capital grants to one per organization annually.
- They welcomed plans to consult on changes to the council tax reduction scheme due to universal credit changes.
- They requested more clear reporting of figures in the future and supported consulting residents on the council tax reduction scheme.
- They requested the performance management sub-committee examine the impact of the Greek debt crisis and more information on business support.
- They supported using a pooled infrastructure fund to deliver projects outlined in the joint core strategy.
TransPrice Times 1st - 15th January 2017Akshay KENKRE
Dear Members,
We are pleased to present TransPrice Times for the first fortnight of January 2017.
This periodical covers the treaty amending protocol between India and Singapore while also addressing key transfer pricing issues related to foreign tax credit, international transactions etc.
We would be happy to know your suggestions. You can write to us at akshaykenkre@transprice.in
Thank You and Happy Reading!!
Kindly Click here on the link https://www.transprice.in/login.php for know your BEPS score in 10 steps
The document provides updates on the economy, markets, and corporate/regulatory news. It summarizes that India will seek a permanent solution on food stockholding at an upcoming WTO meeting in December and that the RBI may announce liquidity tightening measures. It also notes that SEBI cancelled Sahara Asset Management's mutual fund license and directed it not to take new subscriptions or penalize investors. Market indices such as the Sensex, Nifty, and Dow Jones are also provided.
The newsletter provides economic, regulatory, and market updates. It notes that the income tax department is looking to link PAN numbers to Aadhaar IDs to eliminate duplicate PANs and catch tax evaders. It also mentions that government banks will be closed on the second and fourth Saturdays of each month starting in July. Additionally, the newsletter discusses recent actions by regulatory bodies like SEBI and RBI, including new filing deadlines and amendments to excise duty notifications. Market indices are also included, such as declines in the Sensex, Nifty, gold and silver prices, and increases in the rupee versus the dollar and crude oil.
#CorporateUpdates
SEBI
SEBI Board Meeting has announced amendments to Credit Rating Agencies Regulations, Issuance of refund orders/allotment letters/share certificates through electronic mode under SEBI (Issue of Capital and Disclosure Requirements Regulations), 2009; Norms for Shareholding and Governance in Mutual Funds
MCA
Rajya Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the Code.
MCA notifies Condonation of Delay Scheme, 2018
TAXATION
Extension of date for filing return in FORM GSTR-1
The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018.
GST E-Way Bill Rules Are Applicable From 1st February, 2018
Government Waives Late Fee for Delay in Furnishing GSTR-4
Company website-
www.acquisory.com
The document provides updates on the economy, markets, and tax laws. Finance Minister Arun Jaitley said the Goods and Services Tax Bill will simplify taxes and boost economic growth. The CBDT signaled that capital gains made by foreign investors in countries like Mauritius and Singapore should not face taxes. SEBI approached the Supreme Court seeking a three-year market ban for DLF and its officials. The government will reconsider new income tax forms requiring bank account and travel details after criticism.
Presentation delivered during the 13th Annual Meeting of the OECD Network on Fiscal Relations Across Levels of Government, 23-24 November 2017, Paris, France.
The newsletter provides updates on economic news, SEBI/corporate updates, RBI/tax law updates, and market performance. Key points include the Finance Minister relaunching an investment scheme to double returns in 100 years, CBI filing charges in the Saradha scam against two businessmen, and the centre including GST compensation in the upcoming constitutional bill. Market indices such as Sensex and Nifty saw gains while silver and crude oil fell and gold rose.
Major private banks have decided to increase charges and penalties for non-maintenance of average monthly balances, with fees of Rs. 100 more in metros and Rs. 50 more in semi-urban areas. The government is taking steps like lowering excise duties and supporting exports to improve automobile industry production growth. Several corporate and SEBI updates were provided, including amendments to rules on share capital and debentures as well as the management and administration rules. The IPO of Inox Wind saw a 59% subscription on the second day of its share sale. Market indexes such as Sensex, Nifty, and commodity prices including gold, silver, and crude oil were reported.
Five large banks were fined $5.7 billion for manipulating foreign exchange markets and interest rates. Small businesses in India may have easier provident fund rules, requiring employers to contribute 9% of salaries for businesses with over 10 employees. SEBI and IRDA announced new guidelines, including allowing fund managers to service foreign portfolio investors and calling for prompt insurance premium receipts. The government also announced new initiatives to improve business conditions in India, such as a gold monetization scheme. Tax exemptions were provided for certain power sector services, and a court case determined that land value should be excluded from works contracts in Haryana. Stock indexes closed slightly down, while currency and commodity prices fluctuated.
This document provides an overview of key legal and business issues in Vietnam, including:
- Minimum wages are proposed to increase by 7.1-7.5% starting January 2017.
- Draft laws propose amendments to investment policies and M&A approval processes.
- Exporters of environmentally friendly and recycled products can receive tax exemptions or reductions under new circular.
- Bankruptcy cases involving large employers, state-owned companies, or international agreements will be handled by provincial courts.
- Late payment fees are due if allocated land is not used for an approved project.
- Temporary anti-dumping duties of up to 38.34% are imposed on galvanized steel from
“Knowledge is like a garden; if it is not cultivated, it cannot be harvested.” Hi Good morning, attached today's newsletter dated 17.09.2020. have a great day ahead
The Congressional Budget Office has regularly published a report that documents trends in public spending for infrastructure. Here, CBO has updated the exhibits featured in that report through 2017.
There are six types of transportation and water infrastructure that are paid for largely by the public sector: highways, mass transit and rail, aviation, water transportation, water resources, and water utilities.
Federal, state, and local governments spent $441 billion on those types of infrastructure in 2017. That amount equaled about 2.3 percent of gross domestic product. The largest component of that total, $177 billion, went to highways, followed by water utilities and mass transit and rail.
The Council on Revenues lowered its forecast for growth in Hawaii's fiscal year 2014 State General Fund tax revenues from 0.0% to -0.4% due to cumulative collections through April being lower than expected, partly due to processing delays. While remaining optimistic about future years due to construction projects, the Council expressed uncertainty about the current economy, citing factors like declining visitor spending and federal fiscal austerity. The Council maintained its forecasts for 2015-2020 but issued a revised table showing lower expected growth of -0.4% for 2014 and ranges from 5.5-6.2% for later years.
The newsletter provides economic, regulatory, and market updates. It notes that reworking public-private partnerships could increase investment according to the Finance Minister. It also mentions that the National Company Law Tribunal formation has been delayed due to a legal challenge and that new forms are available from regulatory agencies. Several central bank and tax law circulars providing guidance are also summarized. Market indexes and commodity prices are included.
The document provides updates on recent circulars, notifications, press releases, and clarifications issued by the Central Board of Direct Taxes and Ministry of Corporate Affairs related to key provisions under the Income Tax Act and Companies Act. These updates clarify tax treatment of various transactions, remove jurisdictions from the notified jurisdictional areas list, approve protocols amending double taxation avoidance agreements, and specify reporting requirements for certain transactions by companies. The document is intended to help keep professionals informed of the latest changes under tax and company laws in India.
Presentation by Maureen Costantino, Visual Information and Publications Specialist in CBO's Management, Business, and Information Services Division, at the VisCom 2016 Conference.
This presentation provides an overview of the visual communications initiative at CBO. Highlighting the development, evolution, best practices, and examples of graphics products, its purpose is to educate those interested in developing such a program for their own workplace.
CORPORATE
RBI
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/-
MCA
MCA notifies withdrawal of E-Forms
SEBI
SEBI issues Guidelines for public issue of units of REITs
TAXATION
Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital means
company website- www.acquisory.com
Forecast and Analysis of Corporate Income Tax - François Ecalle, FranceOECD Governance
This presentation was made by François Ecalle, Haut Conseil des Finances Publiques, France, at the 8th meeting of Parliamentary Budget Officials and Independent Fiscal Institutions held in Paris on 11-12 April 2016.
The document provides economic, regulatory, and market updates from India. It discusses the Sagarmala port development project, a $300 million ADB loan to improve roads in North Bengal and the Northeast, and how proceeds from airwave auctions will help the government meet its fiscal deficit target. It also outlines new guidelines from SEBI for international financial centers, the appointment of registrars of companies as adjudicating officers, and RBI notifications regarding tax exemptions and special clearing operations. Market indices such as Sensex, Nifty, gold and silver prices are reported as declining.
Discussion regarding the applicability of Krishi Kalyan Cess and various pertinent issues regarding Krishi Kalyan Cess is discussed in the presentation.
The committee considered several reports on council initiatives and performance:
- They supported reducing the community grant budget to £3,000 and limiting capital grants to one per organization annually.
- They welcomed plans to consult on changes to the council tax reduction scheme due to universal credit changes.
- They requested more clear reporting of figures in the future and supported consulting residents on the council tax reduction scheme.
- They requested the performance management sub-committee examine the impact of the Greek debt crisis and more information on business support.
- They supported using a pooled infrastructure fund to deliver projects outlined in the joint core strategy.
TransPrice Times 1st - 15th January 2017Akshay KENKRE
Dear Members,
We are pleased to present TransPrice Times for the first fortnight of January 2017.
This periodical covers the treaty amending protocol between India and Singapore while also addressing key transfer pricing issues related to foreign tax credit, international transactions etc.
We would be happy to know your suggestions. You can write to us at akshaykenkre@transprice.in
Thank You and Happy Reading!!
Kindly Click here on the link https://www.transprice.in/login.php for know your BEPS score in 10 steps
The document provides updates on the economy, markets, and corporate/regulatory news. It summarizes that India will seek a permanent solution on food stockholding at an upcoming WTO meeting in December and that the RBI may announce liquidity tightening measures. It also notes that SEBI cancelled Sahara Asset Management's mutual fund license and directed it not to take new subscriptions or penalize investors. Market indices such as the Sensex, Nifty, and Dow Jones are also provided.
The newsletter provides economic, regulatory, and market updates. It notes that the income tax department is looking to link PAN numbers to Aadhaar IDs to eliminate duplicate PANs and catch tax evaders. It also mentions that government banks will be closed on the second and fourth Saturdays of each month starting in July. Additionally, the newsletter discusses recent actions by regulatory bodies like SEBI and RBI, including new filing deadlines and amendments to excise duty notifications. Market indices are also included, such as declines in the Sensex, Nifty, gold and silver prices, and increases in the rupee versus the dollar and crude oil.
#CorporateUpdates
SEBI
SEBI Board Meeting has announced amendments to Credit Rating Agencies Regulations, Issuance of refund orders/allotment letters/share certificates through electronic mode under SEBI (Issue of Capital and Disclosure Requirements Regulations), 2009; Norms for Shareholding and Governance in Mutual Funds
MCA
Rajya Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the Code.
MCA notifies Condonation of Delay Scheme, 2018
TAXATION
Extension of date for filing return in FORM GSTR-1
The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018.
GST E-Way Bill Rules Are Applicable From 1st February, 2018
Government Waives Late Fee for Delay in Furnishing GSTR-4
Company website-
www.acquisory.com
The document provides updates on the economy, markets, and tax laws. Finance Minister Arun Jaitley said the Goods and Services Tax Bill will simplify taxes and boost economic growth. The CBDT signaled that capital gains made by foreign investors in countries like Mauritius and Singapore should not face taxes. SEBI approached the Supreme Court seeking a three-year market ban for DLF and its officials. The government will reconsider new income tax forms requiring bank account and travel details after criticism.
Presentation delivered during the 13th Annual Meeting of the OECD Network on Fiscal Relations Across Levels of Government, 23-24 November 2017, Paris, France.
The newsletter provides updates on economic news, SEBI/corporate updates, RBI/tax law updates, and market performance. Key points include the Finance Minister relaunching an investment scheme to double returns in 100 years, CBI filing charges in the Saradha scam against two businessmen, and the centre including GST compensation in the upcoming constitutional bill. Market indices such as Sensex and Nifty saw gains while silver and crude oil fell and gold rose.
Major private banks have decided to increase charges and penalties for non-maintenance of average monthly balances, with fees of Rs. 100 more in metros and Rs. 50 more in semi-urban areas. The government is taking steps like lowering excise duties and supporting exports to improve automobile industry production growth. Several corporate and SEBI updates were provided, including amendments to rules on share capital and debentures as well as the management and administration rules. The IPO of Inox Wind saw a 59% subscription on the second day of its share sale. Market indexes such as Sensex, Nifty, and commodity prices including gold, silver, and crude oil were reported.
Five large banks were fined $5.7 billion for manipulating foreign exchange markets and interest rates. Small businesses in India may have easier provident fund rules, requiring employers to contribute 9% of salaries for businesses with over 10 employees. SEBI and IRDA announced new guidelines, including allowing fund managers to service foreign portfolio investors and calling for prompt insurance premium receipts. The government also announced new initiatives to improve business conditions in India, such as a gold monetization scheme. Tax exemptions were provided for certain power sector services, and a court case determined that land value should be excluded from works contracts in Haryana. Stock indexes closed slightly down, while currency and commodity prices fluctuated.
This document provides an overview of key legal and business issues in Vietnam, including:
- Minimum wages are proposed to increase by 7.1-7.5% starting January 2017.
- Draft laws propose amendments to investment policies and M&A approval processes.
- Exporters of environmentally friendly and recycled products can receive tax exemptions or reductions under new circular.
- Bankruptcy cases involving large employers, state-owned companies, or international agreements will be handled by provincial courts.
- Late payment fees are due if allocated land is not used for an approved project.
- Temporary anti-dumping duties of up to 38.34% are imposed on galvanized steel from
“Knowledge is like a garden; if it is not cultivated, it cannot be harvested.” Hi Good morning, attached today's newsletter dated 17.09.2020. have a great day ahead
The Reserve Bank of India has amended provisions related to fraud accounts, allowing banks to provision fraud amounts over 4 quarters instead of immediately. Securities and Exchange Board of India issued a draft consultation paper on distributing cash benefits like dividends through depositories. The Ministry of Corporate Affairs released FAQs regarding MCA 21 filings. The Central Board of Direct Taxes issued draft rules for granting foreign tax credits under the Income Tax Act.
CORPORATE UPDATES
*INDEPENDENT DIRECTORS MAY HAVE TO CLEAR EXAMS BEFORE APPOINTMENT ON BOARD
RBI UPDATES
*WAIVER OF RTGS AND NEFT CHARGES
*OMO PURCHASE OF GOVERNMENT SECURITIES
*COMMITTEE FOR ATM INTERCHANGE FEE STRUCTURE NOTIFIED
read more at:
http://www.acquisory.com/Newsletter
1. The document provides banking updates from India for the months of June, July, and August 2014. It discusses various decisions and announcements made by the Reserve Bank of India and other banks.
2. Key updates include SBI dedicating 2% of profits to CSR activities, IndusInd Bank launching video banking, changes to interest rates for provident funds, and RBI guidelines on liquidity coverage ratios.
3. The document also summarizes rules for opening new bank branches and shifting existing branches according to RBI regulations.
OCTOBER 2014 – FACT FILE {SPECIALLY DESIGNED FOR SBI ASSOCIATES PO AND IBPS C...Arun Es
This document provides a summary of news from October 2014 related to banking and finance, national news, international news, appointments, awards, and other topics. Some key points include:
- RBI governor Raghuram Rajan was awarded Best Central Bank Governor by Euromoney magazine.
- Federal Bank and Karur Vysya Bank won awards from IDRBT for their use of technology.
- Nobel Peace Prize was awarded to Kailash Satyarthi for his work fighting child labor in India.
- Prime Minister Modi announced a Rs. 1,000 crore package to help Andhra Pradesh recover from Cyclone Hudhud.
- Election Commission launched a video game
Newsletter on daily professional updates- 22nd October, 2019CA PRADEEP GOYAL
This daily newsletter provides updates on changes in tax laws, economic policies, and other business regulations from authentic sources. The main stories include an advance tax ruling that volume discounts received by a company in the form of credit notes are not subject to GST, an income tax tribunal case upholding an addition under section 68 for an NBFC involved in money laundering, and an RBI decision to create a risk-based system for collecting deposit insurance premiums from banks in order to raise deposit insurance coverage limits for customers. The newsletter also provides various other legal updates from authorities such as the CBDT, CBIC, and MCA.
"Develop a passion for learning. If you do, you will never cease to grow.”- attached today's newsletter dated 06.08.2020. Have a great day ahead- regards Pradeep
Link to join wtsapp group to get this daily newsletter
https://chat.whatsapp.com/G38rzhWW30s2mpThzMZQKb
Newsletter on daily professional updates- 6th December 2019CA PRADEEP GOYAL
Your most important assets are your Health and Knowledge, always take best care of it.
Here is your Daily dose of professional updates in newsletter form- 6th December, 2019
The Reserve Bank of India issued several master circulars on July 19th and 20th regarding the exchange of notes and coins, detection of counterfeit notes, penalties for bank branches based on customer service, penal interest for delays in currency chest transaction reporting, and a currency distribution and exchange scheme. The Securities and Exchange Board of India consulted on proposed amendments to REIT regulations and issued FAQs on private debt security placements. The Ministry of Corporate Affairs amended startup company share capital rules and the Ministry of Finance notified an arm's length pricing variation for wholesale traders of 1% for tax assessments in 2016-2017.
Newsletter on daily professional updates- 21/05/2020CA PRADEEP GOYAL
This newsletter summarizes updates related to professional and financial matters from May 21, 2020. It covers topics such as direct tax, indirect taxes, corporate law, insolvency and bankruptcy, and economic regulations. Specifically, it provides information on GST circulars and notifications, clarification on cash receipt requirements, ICAI and ICSI announcements, SEBI guidance on COVID-19 impact disclosure, RBI bank credit and deposit statistics, and requests from banks to relax NPA norms and extend the loan moratorium. The newsletter is published daily from Monday to Friday by Pradeep Goyal, a chartered accountant and insolvency professional.
This document is a daily newsletter from Pradeep Goyal, a Chartered Accountant in India, covering various topics related to indirect taxes, direct taxes, corporate law, insolvency and bankruptcy, and the economy. It includes recent notifications, circulars, press releases, legal updates, and news articles on these topics from sources like the CBIC, CBDT, ICAI, ICSI, and business newspapers. The newsletter is provided to subscribers of a WhatsApp group on a daily basis to keep them updated on the latest regulatory changes and developments.
The document provides updates from various regulatory bodies in India. It notes that the Reserve Bank has asked lenders to use credit information available to improve credit discipline and reduce non-performing assets. It also discusses new regulatory frameworks from the RBI and SEBI regarding foreign institutional investors and pre-shipment inspection agencies. Several other regulatory notices are mentioned regarding liquidity risk management, tax declarations, and a new human resources management system module. Market updates on indices, currencies, and commodities are also provided.
Newsletter on daily professional updates- 14th December 2019CA PRADEEP GOYAL
This document summarizes recent legal, economic, and financial developments from December 12-14, 2019. Key updates include the issuance of new notifications mandating e-invoicing and QR codes for GST taxpayers over certain thresholds, clarifications on GST refund processes, and amendments to the Insolvency and Bankruptcy Code to streamline corporate resolution. It also provides summaries of court rulings, presentations on the Indian economy, and developments such as the proposed closing of ArcelorMittal's acquisition of Essar Steel. The newsletter is intended to keep readers informed of daily changes and announcements across areas like taxation, corporate law, and the economy.
Indian economy towards growth momentum strategic moves neededNeha Sharma
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
Indian economy towards growth momentum strategic moves neededNeha Sharma
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
The document provides economic, corporate governance, regulatory, and market updates from India. It notes that the Ministry of Statistics will release revised GDP data from 1999-2000 more quickly than previously. State Bank of India announced a further 10 basis point reduction in home loan rates to 9.85% for women applicants and 9.9% for others. The Corporate Laws Committee issued guidance on applying Schedule II of the Companies Act. A large foreign bank complained to SEBI that some brokerages provide kickbacks to high-net-worth individuals for selling financial products. A trial court found two former PwC partners connived with Satyam founders in accounting fraud. The RBI warned of a fraudulent mobile app in its name and clarified it
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
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This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
1. www.acquisory.com
6 June-2019
TAXATION
❖ CBDT EXTENDS DUE DATE FOR FILING
FORM 24Q AND ISSUANCE OF FORM
16.
CBDT vide their notification dated 4th
June 2019 has:
• Extended the last date of filing TDS
return in Form 24Q for FY 2018 – 19
from 31st May, 2019 to 30th June,
2019.
• Extended the last date of issuing TDS
certificate in Form 16 for FY 2018 – 19
from 15th June, 2019 to 10th July,
2019.
https://www.incometaxindia.gov.in/Lists/Pr
ess%20Releases/Attachments/766/Press-
Release-CBDT-extends-due-date-for-filing-of-
TDS-statement-in-Form-24Q-dated-04-06-
2019.pdf
RBI UPDATES
❖ RBI REDUCES RATES
RBI’s Monetary Policy Committee (MPC) in
its meeting held on 6th June, 2019 decided
to cut down the policy repo rate by 25
basis points to 5.75% with immediate
effect under Liquidity Adjustment Facility
(LAF).
Consequently, the reverse repo rate has
been adjusted to 5.50% under LAF and the
marginal standing facility (MSF) and Bank
rate to 6.00%.
The MPC also changed the policy stance
from neutral to accommodative. This move
has come in view to induce more liquidity
in the system and more focus towards the
growth of economy, without losing sight of
inflation.
https://rbi.org.in/Scripts/BS_PressReleaseDis
play.aspx?prid=47225
❖ REMOVAL OF LEVY ON NEFT AND
RTGS TRANSACTIONS
In the Statement of Developmental and
Regulatory Policies issued by the RBI on
6th June, 2019, the RBI has removed levy
on RTGS and NEFT transactions.
In the press release, RBI mentioned that
RBI levies minimum charges on Banks for
transactions routed through RTGS and
NEFT and Banks in turn, used to take
transactional charges from its customers.
In order to encourage digital payments
system, RBI has now decided to do away
with these charges. Instructions to banks
will be issued within a week.
https://rbi.org.in/Scripts/BS_PressReleaseDis
play.aspx?prid=47226
❖ COMMITTEE TO REVIEW ATM
INTERCHANGE FEE STRUCTURE
With the increasing use of ATMs across
the nation, there had been persistent
demand to re-consider the ATM fee and
charges. In order to address this issue, the
RBI announced in its press release that a
committee will be constituted under the
Chairmanship of CEO, Indian Banks’
Association, to review the entire system of
ATM charges and fees.
https://rbi.org.in/Scripts/BS_PressReleaseDis
play.aspx?prid=47226
For any query:
Contact – Akanksha Gupta
Email: akanksha.g@acquisory.com