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Friday, 15 February 2019

16 February 2019 News and Updates

Economic Times
 
Business Standard

Ø  Jet Airways approves lenders' rescue deal
Ø  Growth likely to reach 7.5% next fiscal: CEA
Ø  Indo-US talks: Jobs, tech transfer top agenda
Ø  RCom to repay NCD holders only via NCLT
Ø  Govt hikes minimum selling price of sugar by Rs 2/kg
Ø  DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue
Ø  UK parliament defeats May again in Brexit vote

 
Ø  RBI governor Shaktikanta Das rules out asset quality review of NBFCs
Ø  Bharat 22 ETF's additional offering subscribed over ten times: Govt
Ø   Expert committee suggests Rs 9,750 a month as national minimum wage
Ø  Oil at new high in CY19 on US-China trade optimism, Opec output cuts
Ø  Nestle India Q4 net profit rises 9.6% to Rs 341.76 crore; sales up 11.2%
Business Line
 
Mint
Ø  India on the verge of significant data centre expansion
Ø  ‘Revenues of auto parts cos to grow 12% over four years’
Ø  Banks come up with rescue package for Jet
Ø  India, EU to jointly develop water technologies
Ø  McLeod Russel’s net profit drops 24% in Q3
Ø  Solar power tariffs will be lower than₹2.30/unit by 2030 
 
Ø  Paytm pledges all its assets to borrow₹1,400 crore from ICICI Bank
Ø  Bata India sprints as margin expansion springs a surprise in Q3
Ø  Mahindra lost out on the SUV growth opportunity: Pawan Goenka
Ø  Glenmark Q3 net profit up 11% to Rs. 116.34 crore
Ø  Petronet signs initial deal to invest, buy LNG from Tellurian

Financial Express
 
Deccan Chronicle
Ø  Ashok Leyland net drops 21 per cent at Rs 381 crore in Q3
Ø  Q3 Results: ONGC profit up 65 per cent on higher realisation
Ø  Essar Steel: NCLT reserves orders on pleas related to ArcelorMittal plan
Ø  Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3
 
Ø  Doubts over govt data prompt call for independent verifier
Ø  I-T releases Coffee Day shares
Ø  PNB to e-auction 4,000 properties to reclaim loans
Ø  Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28 

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Examination dates for ICAI Finals, IPCC, Foundation, etc. to be held in May 2019 announced
https://resource.cdn.icai.org/54166icaiexammay2019.pdf

C&AG Last date for filing of online application for Empanelmemt of CA firms for the year 2019-2020 has been extended to 22-02-2019
http://care.cag.gov.in/Authorised/Default.aspx

CBDT press release dt. 14-02-2019 Mandatory to link Aadhaar-PAN by 31.03.2019 to file Income Tax Return. Visit www.incometaxindia.gov.in

Low cost Insurance Scheme for CAs & their spouses by LIC https://www.icai.org/new_post.html?post_id=15416&c_id=240

Due Dates
15-02-2019
   - Quarterly TDS certificate (other than salary) for the quarter ending December 2018
   - ESI/PF Payment for m/o Jan 2019

20-02-2019
   - GSTR-3B for the m/o January 2019

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ICAI to train 1 lakh students on GST accounting*  
https://goo.gl/P3XnVU

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C&AG update- Pleased to inform last date for submission of online application for C&AG empanelment is extended to 22 Febuary, 2019, Pl ignore, if already submitted.

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CBDT

CBDT has set the Monetary limits for filing/withdrawal of Wealth Tax appeals by the Department before ITAT, HCs and SLPs/appeals before Supreme Court through extending the scope of Circular 3 of 2018 with intend to reduce litigation. It has been decided by the Board that monetary limits for filing of appeals in Income tax cases as prescribed in Para 3 of the Circular shall also apply to Wealth Tax appeals through extension of the Circular to Wealth tax matters in a mutatis mutandis manner and with modifications as prescribed. Further, the monetary limits specified in para 3 shall not apply to writ matters.