7th October 2K19
Economic Times
Ø Over half of the country feels job scene is getting worse
Ø Budgetary exercise to start from October 14
Ø Renewable energy target missing by over 42%: Report
Ø Care downgrades Patanjali as acquisition raises risks
Ø Vodafone tests new network technology in UK
Ø Banks set for a profit quarter amid slow credit demand
Business Standard
Ø MCA plans to amend CA Act to remove conflict of interest in audits
Ø YES Bank plans to raise $1 billion by December through rights issue
Ø FPIs pull out Rs 3,000 crore from equities in 3 trading sessions of October
Ø Yes Bank files complaint against 'fake news', attempt to scare depositors
Ø Iran state-owned company to finish gas project after China's CNPC pulls out
Business Line
Ø Discoms’ ₹45,000-cr legacy dues to Gencos will be cleared in a year: RK Singh
Ø India starts probe into increase in Korean chemical import
Ø MRPL begins production of BS-VI diesel, petrol
Ø IVRCL Liquidator extends deadline for expression of interest, e-auction
Ø Ashok Leyland hits another rough patch
Mint
Ø GMR deleveraging hits air pocket with questions over Tata-led deal
Ø Better days ahead as govt sops to boost demand: JSW Steel
Ø Irdai moves to make sale of life covers transparent
Ø Bosch to shut plants for 10 days per month per plant in Q3FY20
Ø US growth rate may weaken, continue to play spoilsport for Indian pharma
Financial Express
Ø BPCL nationalisation act repealed in 2016; way clear for privatisation
Ø Kerala govt rolls out Rs 50,000 cr infrastructure projects to beat slowdown
Ø Only 10 pc of Indian CEOs confident about reliability of AI applications: PwC
Ø Repaying debt: Over 90 per cent of promoter stake in Zee pledged
Deccan Chronicle
Ø Auto industry facing structural issues, affordability a challenge: Toyota Kirloskar
Ø Forex reserves scale record high of USD 434.6 billion
Ø Growth reaches a trough; to start improving by Jan: Aditya Puri
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Rs 700 crore GST fraud unearthed in Pune: GST commissionerate:
READ MORE- https://www.gststation.in/rs-700-crore-gst-fraud-unearthed-in-pune-gst-commissionerate/
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👉The indirect tax board removes a “controversial” circular that imposed GST on post-sale discounts by dealers. In June CBIC had issued a circular which said that dealers will have to pay 18% GST on the post-sale discount that they get from the suppliers of goods, if the supplier asks them to pass on the concessions to the end consumer.
👉Leading over all states and Union Territories of the country, Chandigarh ranked first in the country in the GST collections by registering 89.67% filing of GST returns in the first six months of the current financial year, from April 1 till September 30.
👉CBDT came out with a circular prescribing guidelines on when prosecution can be initiated by the tax officers for financial offences. The circular largely eliminates the possibility of the tax officers hauling up taxpayers for petty / minor offences and aims to ensure that only the deserving cases get prosecuted.
👉The Indian consumers' confidence in the overall economic situation and the employment scenario dropped to a six-year low in September, according to RBI's latest monetary policy. Both the current situation index and the future expectations index recorded declines, the RBI said in its consumer sentiment survey report.
👉The country's top-12 major ports have recorded a marginal 1.48 percent upswing in cargo handling at 348.44 Million Tonne (MT) in the April-September period of the current financial year, according to ports' apex body .
👉India signs 3 pacts with Bangladesh, including one for importing LPG, with Prime Minister Narendra Modi saying the motto behind such initiatives is to ensure ease of living in both the countries and strengthening bilateral ties.
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👉🏻MCA plans to amend CA Act to remove conflict of interest in Audits
(Govt is also looking at ways to address the gaps in the law with respect to network entities of which audit firms are part. We need to strengthen the Chartered Accountants Act)
👇🏻 👇🏻 👇🏻
http://bit.ly/30SkGO3
👉🏻Pvt Companies with debts may soon have to undergo mandatory Secretarial Audit
(Government may soon mandate private companies with outstanding debts above a certain threshold undergo a mandatory secretarial audit)
👇🏻 👇🏻 👇🏻
http://bit.ly/30WPPjr
