The Centre on Friday cleared the next round of Dearness Allowance (DA) hike for central government employees. The cabinet cleared the first DA hike of 2023 which will now take the figure to 42 percent for central employees. The decision came after a Union Cabinet meeting today (March 24) which was chaired by Prime Minister …
Union Finance Minister Nirmala Sitharaman introduced the Finance Bill 2023 in the Lok Sabha on Friday. During this, the opposition MPs created a ruckus regarding the Adani-Hindenburg issue. There was a demand from the MPs of the opposition parties that a JPC should be constituted regarding this matter. The Finance Bill 2023 was passed amid …
As per Regulation 24A of SEBI (LODR) Regulation,2015 the Annual Secretarial Compliance report is applicable to all listed entities. This report is to be submitted by the listed entities to the stock exchange(s) within sixty days from end of the financial year. ASCR postulates for independent verification of records, books, papers and documents by a …
A website srbc.in.net claiming to be associated with @LabourMinistry is conducting online recruitment & providing unemployment allowance ▶️ This Claim is #FAKE ▶️ This Website and Online Recruitment is not associated with the Government Of India
central government has extended the deadline to link Voter ID and Aadhaar card. This will provide great convenience to the card holders. In the notification issued by the government, it has been said that now this facility will remain till next year and if any card holder fails to link Voter ID and Aadhaar, no …
Chartered accountants (CAs) who conduct the audit of Public Sector Banks (PSBs) are worried about the new laissez-faire attitude of the Reserve Bank of India (RBI). The RBI has drastically reduced the percentage of business of bank branches that can be audited for the current financial year. Not only this, but from the next financial …
The Institute of Cost Accountants of India (ICMAI) has declared the Cost Management and Accounting (CMA) rank list 2023 for intermediate and final course candidates today on 22 March 2023. Among the CMA intermediate course candidates, the first four toppers are males, while the fifth one is a female. In the CMA final course rank …
ICMAI CMA Result 2023: Toppers list for Intermediate & Final courses out Read More »
RBI stated all government transactions done by agency banks for FY2022-23 Reserve Bank of India (RBI) has directed all banks to keep their branches open till March 31 for annual closing. The central bank said in its letter to all banks they should keep their designated branches open for over-the-counter transactions related to government dealings …
RBI has directed all banks to keep their branches open till March 31 for annual closing Read More »
7th Pay Commission Latest News: The real increase in minimum pay of Central Government Employees due to the implementation of the 7th Central Pay Commission (CPC) recommendations was 14.3% compared to the minimum pay under VIth CPC. The increase in pay in VIth CPC was 54% compared to Vth CPC. Also, the increase in minimum …
Income increase and tax benefits for Govt employees, pensioners Read More »
No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has been published by the Government. This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. Certain studies on related matter …
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 [SEBI LODR]: Regulation 25(5) of SEBI LODR states as follows, “An independent director shall be held liable, only in respect of such acts of omission or commission by the listed entity which had occurred with his [/her] knowledge, attributable through processes of board …
Regulatory Framework – Liability of Independent Director Read More »
For women entrepreneurs, convincing a bank for a business loan can result in giving explanations on how they are going to manage their household chores and business. And what about kids? In a country, where it has been preached and promoted that it is a women’s responsibility to take care of the house and children, …
Business Ideas for Women in India – Home Based, Online, Low Investment & High Profit Read More »
The specialization in certain sectors allows NBFCs to effectively serve the needs of specific communities, especially those traditionally underserved by more traditional financial institutions. Non-Banking Financial Companies (NBFCs) play a critical role in the Indian financial system by catering to the credit needs of various sectors of the economy. NBFCs offer a wide range of …
Overview of Non-Banking Financial Companies (NBFCs) and their Services Read More »
Maharashtra government employees were on strike for the last seven days demanding the introduction of the old pension scheme. The government has accepted their demands today. Employees have been assured that it will be implemented within 3 months. Tell that about 18 lakh employees were on strike for the last seven days.
No instructions have been given to banks for filling or not filling Rs 2,000 notes in Automated Teller Machines (ATMs) as lenders make their own choice for loading of cash vending machines, Parliament was informed on Monday. As per Annual Reports of the Reserve Bank of India (RBI), the total value of Rs 500 and …
Important tasks that need to be completed before March 31: 1. Link PAN and Aadhaar card: Failure to link PAN and Aadhaar card by March 31 will result in a fine of Rs. 1,000 and PAN deactivation. Reactivating the PAN will require a fine of Rs. 10,000. 2. Invest in tax-saving schemes: Invest in tax-saving schemes like …
Financial tasks must be completed by 31 March to avoid penalties Read More »
Selva Kumar Nadar, the owner of Ashtavinayak Investments in Pune who has been accused of cheating over 200 individuals of Rs 300 crore, targeted high-income individuals mostly working in the IT industry, officials with the Pune police’s Economic Offences Wing said. According to the police, Nadar, a resident of Kondhwa, targeted them with telemarketing calls, …
Accused in Rs 300 crore ‘loan scam’ targeted high-income IT professionals Read More »
Bringing more transparency in the functioning of auditors of large listed firms, the government is set to make it obligatory for them to file annual transparency reports. The National Financial Reporting Authority (NFRA), which had earlier floated a draft paper for suggestions, is expected to make a formal announcement on it shortly, mandating auditors of …
Government is set to make it obligatory for them to file annual transparency reports Read More »
The Central Goods and Service Tax (CGST) Delhi South Commissionerate busts racket of firms fraudulently claiming Input Tax Credit (ITC) of ₹17 crore. A specific intelligence was developed by the officers of Central Goods and Service Tax (CGST) Delhi South Commissionerate concerning certain bogus firms that were created solely for the purpose of generating goods …
CGST unearths fake invoicing racket involving tax evasion of Rs. 17 crore, 2 held Read More »
A Chartered Accountant (CA) empanelled with the state government will now give free certificates to the small traders in Haryana who have less than Rs 20 lakh in annual turnover. Manohar Lal Khattar announced this on Thursday. GST registration requires a CA certificate for small traders. They must pay some amount of money in order to …
How to verify Aadhaar in simple steps? An Aadhaar card is a unique ID proof containing any individual’s biometric and demographic details. It gets issued by the UIDAI or Unique Identification Authority of India. All Indian residents are eligible for the application of an Aadhaar card. Understanding the Ins and Outs of Aadhaar Card Verification …
A notice is circulating on social media that claims that the Government Of India is offering free laptops to youth under the Prime Minister Free Laptop Scheme 2023 #PIBFactCheck ✔️The notice is #FAKE ✔️No such scheme is being run by the @EduMinOfIndia, GOI
The Unique Identification Authority of India (UIDAI) has decided to allow residents to update documents in their Aadhaar online free of cost, a people-centric move that will benefit millions of residents. As part of Digital India initiative, the UIDAI took the decision and is urging residents to get the benefit of free document update facility …
Indian film ‘The Elephant Whispers’ has won the Best Documentary Short Film award at the ongoing Oscar Awards in Los Angeles. It is directed by Kartiki Gonsalves and Guneet Monga. It depicts the story of a baby elephant and two tribals. It is a 40-minute documentary, which took 5 years to make. Can watch it …
Invoicing used to be a challenging process to manage a few years back. However, things have changed drastically recently due to technological advancement as different programs and software are available in the market to help manage invoicing without much manual effort. Nowadays, you can even manage invoice operations on your smartphones with the help of …
A Review of Best Invoice Maker Applications in 2023 Read More »
Prime Minister Narendra Modi on Sunday inaugurated the Bengaluru-Mysuru expressway at a public rally in the Mandya district of Karnataka. The 118 Km long project has been developed at a total cost of around Rs 8480 crores. It will reduce the travel time between Bengaluru and Mysuru from around 3 hours to about 75 minutes. …
Breaking: PM Modi inaugurates 118 Km long Bengaluru-Mysuru Expressway project Read More »
If a person draws a cheque in favour of another, and the same cheque is returned when produced before the bank for encashment, it is legally termed as cheque dishonour and cheque bounce in general terms. Section 138 of Negotiable Instruments Act, 1881 [‘NI Act’] provides for criminal provision regarding a cheque bounced due to insufficiency of funds. When …
Section 138 of Cheque Bounce rules, format, around the legal notice for cheque bounce Read More »
The Prime Minister, Shri Narendra Modi, addressed a Post Budget Webinar on ‘PM VIshwakarma KAushal Samman’ today. It was dedicated to newly announced scheme PM VIKAS for providing holistic support to the artisans and crafts persons which are so far not covered under any of schemes of GOI. The special address by the Prime Minister …
7th Pay Commission: There is good news for government employees. According to media reports, the Modi government at the Center has announced a special festival advance scheme for employees, under which employees can take Rs 10,000 in the name of special festival advance scheme and no interest will have to be paid on it. It …
Punjab National Bank (PNB), the country’s second largest public sector bank, is going to make a big change in the payment rules for its customers. Actually, PNB Bank is going to implement Positive Pay System (PPS). Under this, the check will not be paid without verification. As per rules, failing which the check will be …
Big news for PNB bank account holders, made a big change in the rules of payment Read More »