Day: January 20, 2022

RBI Recruitment 2022: JOB VACANCY FOR GRADUATES & POSTGRADUATE AT RBI

Reserve Bank of India Services Board has invited applications from candidates to apply for Manager and other posts. Eligible candidates can apply online through the official site of RBI on rbi.org.in. The last date to apply for the posts is till February 4, 2022. This recruitment drive will fill up 14 posts in the organization. …

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Breaking: Government Extends Validity Of Existing MSME Registration

Breaking: Government Extends Validity Of Existing MSME Registration

Government amends the guidelines for registration of existing enterprise under MSME Ministry Notification dated June 26, 2020; States that the existing enterprises (MSMEs) registered prior to June 30, 2020, shall continue to be valid for a period up to March 31, 2022 (earlier, March 31, 2021): Ministry of MSMEs Vide Notification dated June 26, 2020, …

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Fix ITR portal glitches or we will extend tax return filing deadline: Gujarat HC to income tax dept

The Gujarat high court has ordered the Central Board of Direct Taxes (CBDT) to resolve the technical issues that taxpayers have been facing while filing their Tax Audit Report (TAR) and income tax returns (ITR), threatening to extend the deadline to March 15 if the job is not completed promptly, a Times of India news report stated. Further, the …

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ICSI RELEASE VERIFICATION OF MARKS OF COMPANY SECRETARIES FOUNDATION EXAM

VERIFICATION OF MARKS OF COMPANY SECRETARIES FOUNDATION PROGRAMME EXAMINATIONS –DECEMBER, 2021 SESSION In terms of Regulation 42 (2) of the Company Secretaries Regulations, 1982 as in force, a candidate may apply for “Verification of Marks” in any subject(s) of CS examination within 21 days from the date of declaration of his/her result. The interested candidates …

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SEBI launches ‘Saa₹thi’ – SEBI’s Mobile App on Investor Education

Securities and Exchange Board of India  Press Release No. 03/2022 SEBI Chairman launches “Saa₹thi” – SEBI’s Mobile App on Investor Education Shri Ajay Tyagi, Chairman, SEBI launched ‘Saa₹thi’ – SEBI’s Mobile App on Investor Education at a function held in Mumbai today. Launching the SEBI App, Shri Tyagi said, “This Mobile App is yet another …

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EPFO Payroll data: EPFO added 13.95 lakh net subscribers in November, 2021

The provisional payroll data of EPFO released on 20th January 2022 highlights that EPFO has added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh net additions over the previous month of October, 2021 with a growth rate of 25.65%.Year-on-year comparison of payroll data also shows an increase …

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Busts fake GST Input Tax Credit racket; One Businessmen arrested

Mumbai West CGST Commissionerate busts fake GST Input Tax Credit racket One Businessman arrested Posted On: 20 JAN 2022 4:15PM by PIB Mumbai Mumbai : 20 January 2022 The officers of Mumbai West CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 10.10 Crores. Acting on …

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HUL logo-df00dbd2

HUL Q3 Profit rises 17% YoY, Sales up 10% YoY

FMCG major Hindustan Unilever Limited (HUL) reports a stand-alone net profit of Rs. 2,243 Cr., a 17% rise YoY.  Its sales were up by 10% to Rs. 12,900 Cr. versus Rs. 11,682 Cr. in Q3 FY 21.  The company has registered 11% growth in domestic consumer growth. It also gains market share in both urban …

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Mineral Production Goes up by 5% During November, 2021

Compared to Same Time Previous Year As per the data of Indian Bureau of Mines (IBM), Ministry of Mines, the index of mineral production of mining and quarrying sector for the month of November, 2021 (Base: 2011-12=100) at 111.9, was 5.0% higher as compared to the level in the month of November, 2020. The cumulative growth for the period April- …

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Correction 2-d4176363

Nifty closes below 17800, Sensex sheds 634 points; IT, Pharma, and FMCG Sectors down more than 1%

Indian markets have corrected for a third straight day. Both indices lost more than 1% points in today’s trade. Sensex sheds 634 points to close at 59464.62 points, while Nifty ends below 17800. It sheds 181 points to close at 17757. IT, Pharma, and FMCG sectors were worst hit sectors as heavyweights like Infosys, TCS, …

Nifty closes below 17800, Sensex sheds 634 points; IT, Pharma, and FMCG Sectors down more than 1% Read More »

ICAI Launching Online Refresher Course – ‘Deep Dive into Revenue Standard – Ind AS 115’

Launching Online Refresher Course – ‘Deep Dive into Revenue Standard – Ind AS 115’ Organized by the Ind AS Implementation Committee of ICAI The Ind AS Implementation Committee of ICAI is pleased to announce the launch of online refresher course – ‘Deep Dive into Revenue Standard – Ind AS 115’. For registration, kindly visit the …

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RBI to conduct Overnight Variable Rate Repo auction under LAF on January 20, 2022 (Revised)

As stated in Governor’s statement of December 8, 2021 the Reserve Bank has been rebalancing the surplus liquidity in the system by shifting it out of the fixed rate overnight reverse repo window into the variable rate reverse repo (VRRR) auctions of longer maturity. Overall, this rebalancing has proceeded on a pre-announced glidepath and has evolved satisfactorily. …

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FM Smt. Nirmala Sitharaman authorises release of advance instalment of tax devolution to State Governments

States receive a total of Rs. 95,082 crore during January 2022 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has authorised the release of an advance installment of tax devolution to State Governments amounting to Rs. 47,541 crore, here today. This is in addition to the regular devolution for the month of January …

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CBDT issues refunds of over Rs. 1,59,192 crore to more than 1.74 crore taxpayers; Not Received Tax Refund?

CBDT issues refunds of over Rs. 1,59,192 crore to more than 1.74 crore taxpayers from 1st Apr,2021 to 17th January,2022. Income tax refunds of Rs. 56,765crore have been issued in 1,72,01,502cases &corporate tax refunds of Rs. 1,02,428crore have been issued in 2,22,774cases This includes 1.36 crore refunds of AY 2021-22 amounting to Rs. 26,372.83 crore. …

CBDT issues refunds of over Rs. 1,59,192 crore to more than 1.74 crore taxpayers; Not Received Tax Refund? Read More »

PM to inaugurate new Circuit House at Somnath on 21st January

Prime Minister Shri Narendra Modi will inaugurate the new Circuit House at Somnath on 21st January, 2022 at 11 AM via video conferencing. The inauguration will be followed by the Prime Minister’s address on the occasion. Somnath Temple is visited by lakhs of devotees from India and abroad every year. The need for the new …

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Budget 2022: 5 things taxpayers want from FM Sitharaman

The Union Budget for the financial year 2022-23 (FY23) will be presented on February 1, 2022. This budget should aim to come up with policies that put more money in the hands of the common man. While we discuss the expected sops, let us not forget the challenging backdrop of Covid-19 and its shadow over …

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IFSCA inks MOU with Insurance Institute of India (III)

The International Financial Services Centers Authority (IFSCA), with an objective of capacity building of professionals in the insurance sector in International Financial Services Centres (IFSCs), has entered into a Memorandum of Understanding (MOU) with the Insurance Institute of India (III). The Insurance Institute of India (III) in involved in devising and continuously upgrading the curriculums …

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MSME units are together capable of constituting a complete supply chain: MSME Secretary

There is tremendous potential for Indian engineering MSMEs to be integrated into the Global Value Chain due to their manufacturing cost advantage, said Mr B. B. Swain, Secretary, Ministry of MSME. Addressing the inaugural session of MSME Conclave organized by EEPC India yesterday, Mr Swain said that for the MSMEs to achieve high growth the …

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Notification for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection on Saturday the 05th February 2022

ICAI Issues Notifications for Online Assessment Test (AT) for Certificate Course on Forensic Accounting and Fraud Detection

Last Date for Face Authentication at https://learning.icai.org is 03rd February 2022 till 5:30 PMNote: No Further extension shall be provided for completing the process of Face Authentication, please complete the face registration/authentication process within the time limit. Prerequisites for the FAFD Assessment Test: Active ICAI membership number Completion of the Eligibility Criteria (50% Marks in …

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Snesex and Nifty correction-99f655bc

Nifty below 17900, Sensex below 60000; Bajaj Auto down 2%; IT index down 1%

Indian markets trade lower amid mixed global cues. Nifty trades below 17900, while Sensex slips from 60000 level. Both of the indices lost around 0.60% in earlier session. Nifty IT continues its downward trend. Today Nifty IT index down by 1.09%. This index is followed by Nifty Pharma And Healthcare, Oil & Gas, and Banking …

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Big Blow To Vijay Mallya From British Court

Big Blow To Vijay Mallya From British Court

Vijay Mallya, a fugitive businessman from the country, has got a big setback from the British court. Vijay Mallya will now have to vacate the luxurious London Mansion house along with his family. The British Court has rejected Mallya’s plea. After the dismissal of the petition, Vijay Mallya is left with no other option but …

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NSE & BSE-303a6642

Pre-Market Information-Bajaj Auto, L&T Infotech, Bajaj Finserv, HUL, Asian Paints, and other stocks will be in focus today

The US markets were in red for another day. European markets did well despite rising UK inflation and spike in bond yields. Asian markets look optimistic. Especially  Chinese markets jump as China cuts key lending rates. Realty stocks are doing well today. The US futures are indicating a flat trend. SGX Nifty indicates a negative …

Pre-Market Information-Bajaj Auto, L&T Infotech, Bajaj Finserv, HUL, Asian Paints, and other stocks will be in focus today Read More »

Budget 2022: Government May Increase Limit Of Rs 2 lakh interest Exemption On Home Loan

Budget 2022-23: Government May Increase Limit Of Rs 2 lakh interest Exemption On Home Loan

Indian Banks Association (IBA) is also expecting as much relief to home buyers from the budget. IBA has demanded in front of Finance Minister Nirmala Sitharaman to increase the scope of interest subvention on home loan from Rs 2 lakh in the upcoming budget. It is expected that people buying a house through a home …

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Application Form For Empanelment of Concurrent Auditors/Revenue Auditors(Chartered Accountant)

STATUTORY AUDITOR APPOINTMENT IN A NIDHI COMPANY

As per the provisions of the section 406(1) of the Companies Act, 2013 ‘Nidhi Company’ means a ‘company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit’.  After being incorporated as a …

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