Greetings to all CAs on the National Chartered Accountants Day
Greetings to all CAs on the National Chartered Accountants Day
BUSINESS & ECONOMY
100% Penetration by FY26–27 Forecasted in Optimistic Scenario; 72% by 2031 Where Current Incentives Are Withdrawn by 2024
NITI Aayog and TIFAC launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers in India’, on 28 June. Using a tool made by NITI Aayog and TIFAC, eight scenarios have been developed for analyzing the future penetration of electric two-wheelers in the country. In an optimistic scenario, the report forecasts 100% penetration of electric two-wheelers …
These rules related to TDS, PAN card, demat account and credit and debit cards Changes from July 1, 2022
From July 1, 2022, there will be changes in many rules related to financial transactions. These rules include rules related to TDS, PAN card, demat account and credit and debit cards. Since the change in these rules will have a direct effect on you, it is important to know about them. Crypto investors will have …
Rs 404 crore for medical infrastructure advancement to Tamil Nadu under the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission” – Union Minister Dr. Mansukh Mandaviya
Union Minister for Health and Family Welfare Dr. Mansukh Mandaviya who is on a two-day visit to Tamilnadu and Puducherry, visited the Tamilnadu Government Multi Super Speciality Hospital in Chennai today morning. He witnessed the Robotic Surgery Facility and Early Pregnancy Screening Centre located at the Super Speciality Hospital. Dr. Mansukh Mandaviya also virtually laid …
NCPCR organizes Regional Consultative meeting of Western Region on “POCSO: Factors hindering the implementation and aspects of assistance to victims”
National Commission for Protection of Child Rights organised a regional consultative meeting of Western Region State/ UTs today, 26th June 2022 at Gandhinagar, Gujarat. This meeting was organised with National Forensic Sciences University and also in joint collaboration with NALSA , SVPNPA, and BPR&D. Shri. Harsh Ramesh Sanghvi, Home Minister of Gujarat was the Chief Guest …
Claims that devices like watches are being used to swipe the Fastag on vehicles, leading to fraudulent deduction of money from wallets
A #viral Video claims that devices like watches are being used to swipe the #Fastag on vehicles, leading to fraudulent deduction of money from prepaid wallets. PIBFactCheck: ▶️ This Video is #FAKE ▶️ Such transactions are not possible ▶️ Each Toll Plaza has a unique code
CBI disclosed the country’s biggest 34 thousand crore bank scam
Another big bank scam has come to light in the country. This scam is of more than 34 thousand crores. The CBI today raided more than a dozen places across the country by registering a case under various criminal sections against scam company Dewan Housing Finance Limited (DHFL) and its associates. Several incriminating and important …
CBI disclosed the country’s biggest 34 thousand crore bank scam Read More »
Regulations for Bharat New Car Assessment Programme
The Ministry of Road Transport and Highways has issued a notification dated 24th June 2022, whereby it is proposed to insert a new rule 126E in CMVR (Central Motor Vehicles Rules), 1989 regarding the Bharat New Car Assessment Program (BNCAP). The following has been proposed :- (a) It is applicable on Type Approved motor vehicles …
Regulations for Bharat New Car Assessment Programme Read More »
RBI Clarification on new MSME definition
Reserve Bank of India (RBI) vide Circular No. RBI/2022-23/52 FIDD. MSME & NFS.BC.No.7/06.02.31/2022-23 dated 19th May, 2022 has issued notification related to “New Definition of Micro, Small and Medium Enterprises – Clarification”. New Definitions – Enterprises- (effective from 01.07.2020): Type (s) of Entity Criteria Micro enterprises where the investment in Plant and Machinery or Equipment …
Scope, scale and speed of climate finance have to increase to match aspirations of India: Secretary, MoEF&CC
A stakeholder consultation workshop on “Understanding India’s Climate Financing needs and its mobilization with focus on Green Climate Fund (GCF)” was organized by Ministry of Environment, Forest and Climate Change, Government of India under the ongoing GCF Readiness Program on 24th June 2022 in New Delhi. This workshop is part of an ongoing effort to understand India’s Climate Financing needs …
C-DOT signs agreement with Galore Networks for collaborative development of end-to-end 5G Radio Access Network (RAN) products & solutions
Centre for Development of Telematics (C-DOT) is keen on building robust partnerships with various stakeholders of indigenous 5G ecosystem including local industry and start-ups. C-DOT has continued to lay great emphasis on evolving a well-coordinated collaborative framework that supports multiple 5G partners for healthy competition amongst key 5G players in an output-driven and target-oriented environment. …
5th Meeting of Central Advisory Board (CAB), on Disability.
Fifth Meeting of the Central Advisory Board on Disability being held today at Vigyan Bhawan, New Delhi under the chairmanship of Dr. Virendra Kumar, Minister, Social Justice and Empowerment. MoS of the Ministry Km. Pratima Bhoumik along with Ministers from 12 States/ UTs have participated in the meeting. Sr. officers from States/UTs, Central Ministries/Departments and …
5th Meeting of Central Advisory Board (CAB), on Disability. Read More »
BIS formulates performance standards for Electric Vehicle Batteries
Bureau of Indian Standard, National Standard Body of India, has published standards for Test Specifications for Lithium-ion Traction Battery Packs and Systems (Performance Testing) for Electrically Propelled Road Vehicles. The standard IS 17855: 2022 for these battery packs and systems is harmonized with ISO 12405-4: 2018. This standard incorporates the test procedure for basic characteristic …
BIS formulates performance standards for Electric Vehicle Batteries Read More »
Commerce Minister Piyush Goyal chairs ONDC Advisory Council Meeting
The ONDC (Open Network for Digital Commerce), an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks, is gaining increasing traction from the industry. A total of seven companies- one buyer side app, five seller side apps and one logistics service provider app – have …
Commerce Minister Piyush Goyal chairs ONDC Advisory Council Meeting Read More »
ECI continues to nudge Registered Unrecognised Political Parties (RUPPs) for ensuring due regulatory compliances
The Election Commission of India issued an order dated May 25, 2022 to nudge the Registered Unrecognised Political Parties (RUPPs) for ensuring due compliances after Commission’s meeting held under the Chairmanship of Chief Election Commissioner Shri Rajiv Kumar along with Election Commissioner Shri Anup Chandra Pandey. In the said order, Chief Electoral Officers were directed …
Colloboration with Banks for creation of integrated Pensioners’ Portal to enhance ‘Ease of Living’ of Pensioners
A two day Bankers’ Awareness Program was organized by Department of Pension & Pensioners’ Welfare at Udaipur on 20th& 21St June, 2022 for officers of State Bank of India handling pension related work, covering the Northern Region of the country. A team of officers from DoPPW took sessions on Pension policy reforms& digitization regarding disbursement of …
Capacity Building Initiatives by DEA: Training on Public Private Partnership (PPPs) by AJNIFM
The Department of Economic Affairs (DEA) in collaboration with Capacity Building Commission (CBC) has framed a Capacity Enhancement Plan (CEP) for driving relevant capacities across Ministries, State Governments, and the extended ecosystem of infrastructure execution in the country, under which both offline and online training programmes have been initiated. Under this capacity building initiative of …
Sovereign Gold Bond Scheme 2022-23 (Series I) – Issue Price
In terms of Government of India Notification No.4(6)-B(W&M)/2022 dated June 15, 2022, Sovereign Gold Bonds 2022-23 (Series I) will be opened for subscription during the period June 20-24, 2022 with Settlement date June 28, 2022. The issue price of the Bond during the subscription period shall be ` 5,091 (Rupees five thousand ninety one only) …
Sovereign Gold Bond Scheme 2022-23 (Series I) – Issue Price Read More »
New rules of TDS will be applicable from July 1
Major changes are happening in TDS rules from July 1. Now you may find it expensive to take gifts. Actually, under the new rule, a new section 194R has been added to the Income Tax Act. Now if a benefit of Rs 20,000 or more is given in a financial year, then 10 percent TDS …
More than 400 CAs were helping Chinese companies, preparing for big action after report
The Central Government has recommended disciplinary action against 400 Chartered Accountants and Company Secretaries. They are accused that they were associated with Chinese cell companies by flouting the rules in all metro cities. According to a news in The Hindu, this action of the government is part of the steps taken by the Indian government …
More than 400 CAs were helping Chinese companies, preparing for big action after report Read More »
After a 9-year lull, India and EU re-launch negotiations for India-EU Free Trade Agreement
In a joint event held at the Headquarters of the European Union (EU) at Brussels yesterday, Union Minister for Commerce and Industry, Consumer Affairs and Food & Public Distribution and Textiles, Shri Piyush Goyal, and Mr. Valdis Dombrovskis, Executive Vice-President of European Commission formally re-launched the India-EU Free Trade Agreement (FTA) negotiations. Besides, negotiations were …
ICAI CA: Now the course of CA will change from 10 years to 5 years
The Chartered Accountants of India (ICAI) is going to change the course of Chartered Accountants this time in five years instead of 10 years. The new course can be implemented from the coming year 2023. This information was given by CA Vishal Doshi, Deputy Chairman of the Board of Studies, the Chief Guest of the …
ICAI CA: Now the course of CA will change from 10 years to 5 years Read More »
Revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ grievances due to high-pitched Scrutiny Assessment
In line with CBDT’s policy and commitment towards providing enhanced taxpayers’ services and reduce taxpayers’ grievances, CBDT has issued revised Instruction for constitution and functioning of Local Committees to deal with taxpayers’ grievances arising out of high-pitched Scrutiny Assessment through F.No.225/101/2021-ITA-II, dated 23rd April, 2022. This instruction also provides for initiation of suitable administrative action …
Aspirational Districts Should be ‘Inspirational Districts’ of India, Programme Should be Extended to Block & City Levels: PM
The three-day-long national conference of chief secretaries, which is being chaired by the Prime Minister, is currently underway at Dharamshala, Himachal Pradesh. Deliberations were held on ‘Crop Diversification and Achieving Self-Sufficiency in Oilseeds, Pulses and Other Agri-Commodities’ and ‘Implementation of National Education Policy-School Education’. There were sessions on ‘Azadi ka Amrit Mahotsav: Road to 2047’ …
India-Japan hold Finance Dialogue in New Delhi
Mr. Masato Kanda, Vice Minister of Finance for International Affairs, Japan, and Mr. Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, held the first India-Japan Finance Dialogue here today. In view of the growing importance of India-Japan relations in recent years, the dialogue on India-Japan financial cooperation, which had been held at the …
DFS holds meeting with Public Sector Banks, Insurance Companies & Financial Institutions to identify ways to support Agniveers
The Union Cabinet on 14th June, 2022 approved an attractive recruitment scheme for Indian youth service in the Armed Forces called AGNIPATH and the youth selected under this scheme will be known as ‘Agniveers’. AGNIPATH allows patriotic and motivated youth to serve in the Armed Forces for the period of four years. The AGNIPATH scheme has …
IIT Madras Researchers Identify barriers to entry of Rural Community into Non-Farming Occupations
Indian Institute of Technology Madras Researchers have identified the barriers to entry of Rural Communities into Non-Farming Occupations. The Researchers studied the problems associated with the Indian rural economy. In particular, they analysed the reasons that farmers do not adopt non-farming jobs even when agriculture does not provide them with a reliable means of sustenance. The …
The Insolvency and Bankruptcy Board of India amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Individuals) Regulations, 2016
Insolvency and Bankruptcy Board of India (Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 and Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 to set up a streamlined and speedy grievance redressal process, In 2017 amended the Insolvency and Bankruptcy Board of India (Procedure for Dealing with Complaints and …
DoT issues Notice Inviting Applications (NIA) to facilitate roll-out of 5G
The Government of India under the leadership of Hon’ble Prime Minister Sh. Narendra Modi is committed to provide affordable, state-of-art high quality telecom services to all the citizens. With considerable success in rolling out widespread 4G services, India is now ready to introduce 5G telecom services in the country. To facilitate roll-out of 5G and …
DoT issues Notice Inviting Applications (NIA) to facilitate roll-out of 5G Read More »
Delhi Customs organises Painting/Drawing Competition for children on the theme ‘Mere Sapno Ka Bharat’ at Darya Khan Park
Delhi Customs organised Painting/Drawing Competition on 10.06.2022 for children on the theme ‘Mere Sapno Ka Bharat’ at Darya Khan Park, East Kidwai Nagar and Govt Senior Secondary School, Rajokri as part of the Iconic Week celebrations under Azadi Ka Amrit Mahotsav. Around 300 children participated enthusiastically in the competition, which was conducted for 2 age …