Ø RBI's Monetary Policy Committee meets next week amid urgency to revive growth
Ø CG Power lenders' negotiate a higher bid
Ø Trai's scrutiny of Airtel & Voda Idea's premium plans isn't over yet
Ø Govt amends IRDAI rules to permit insurance intermediaries to operate in all SEZs
Ø Ujjivan open to acquisition and partnerships
Ø Reliance Comm liable to pay SSTL AGR dues, DoT identifies combined liability worth more than Rs 25k cr
Ø Apple plans to move 10% of its global manufacturing to India in 5 years
Ø India's June crude oil imports lowest in over 5 yrs; exports fall
Ø AIIB in talks with India for financing of $8-billion health infra scheme
Ø Steel firms hike prices by Rs 2,000 a tonne in 10 days on demand spike
Ø Fitch cuts US credit outlook to 'negative' due to budget loss amid Covid-19
Ø Trai poses more questions to Airtel, Voda Idea on priority plans
Ø IndianOil to invest ₹13,805 cr to set up new plant in Odisha
Ø Lupin recalls 35,928 bottles of generic antibiotic drug in the US
Ø IRB Infra gets award letter for executing ₹1,755 cr Vadodara-Mumbai Expressway stretch
Ø Tata Motors takes Covid hit; Q1 loss widens to ₹8,443 cr
Ø Audit of listed companies may be done digitally during Covid-19
Ø FPIs net buyers for 2nd month in July, invest ₹3,301 crore
Ø Siemens Healthineers expands into cancer care with $16.4 bn deal for Varian
Ø The govt and RBI face a trilemma regarding PSBs
Ø Bengal takes ₹1,022-cr loan from Centre to iron out discom liquidity stress
Ø NHAI, REC cut interest rate on capital gains bonds
Ø Centre’s finances: Q1 fiscal deficit at 83% of FY21 target
Ø India’s forex reserves at new record high of $523 billion
Ø Liquor sales decline up to 60% in May-June in states with high Corona cess: Report
Ø Covid drags down PE investment in warehousing segment by 92% in Jan-June
Ø Microsoft in advanced talks to buy TikTok’s US business
Ø Apple now world's most valuable company, dethrones Saudi Aramco
Ø Maruti domestic sales were up 1.3% in July but don't exhale yet
Ø GST collection slips over 14% to Rs 87,422 crore in July
Ø 'Tata Motors on disciplined growth path'
Ø MoD plans to boost domestic arms buys
Ø India's manufacturing activity contracted at a sharper pace in July: Survey
Ø India's manufacturing activity contracted at a sharper pace in July: Survey
Ø America's oldest retailer seeks bankruptcy
Ø GMR Infra to divest part of non-core assets
Ø Rising real lending rates causing steep fall in credit flows, GDP: Report
Ø Shortest ruling 10-year benchmark bond ever: Changes within three months
Ø Covid-19 impact: HSBC warns loan losses could hit $13 bn as profit dips 65%
Ø Bank of India Q1 net profit rises three-fold to Rs 844 cr as bad loans ease
Ø Google to buy 6.6% stake in home security firm ADT for $450 million
Ø SEBI tightens disclosure norms for proxy advisory firms
Ø Reliance Ind ‘not to bid’ for BPCL
Ø Lockdowns bring down Manufacturing PMI to 46 in July
Ø Investments in Indian start-ups soar 322% in July
Ø Jain Irrigation close to signing debt restructuring
Ø Apollo Tyres to consolidate, de-risk by expanding into new geographies: Vice-Chairman Neeraj Kanwar
Ø Moody's upgrades Yes Bank following capital raise
Ø DGCA objects to SpiceJet's promotional offer
Ø Bandhan Bank holding firm sells 20.95% stake to meet RBI norms
Ø Tech Mahindra starts covid-19 screening service for ₹1,200 per person
Ø Franklin Templeton debt funds see further dip in NAV as Future Group defaults
Ø FDI in commercial mining: Govt nod needed for firms from nations sharing border with India
Ø SBI economists pitch for loan recasts in select sectors
Ø Asia’s factory pain eases as China’s activity jumps
Ø COVID-19: BHEL grapples with uncertainty over returning to normal business operations
Ø FPIs remain net sellers of Indian debt for fifth straight month
Ø Real estate sentiment hit an all-time low in Apr-Jun due to pandemic, survey states
Ø Indices extend loses for 4th day, Sensex plunges 667 points, Nifty below 10,900
Ø Manufacturing activity shrinks faster in July, PMI below June-level
Ø Serum-Oxford COVID-19 vaccine gets DCGI grant for human trials in India
Ø Worst seems to be over, farm sector to cushion COVID-19 impact on economy: FinMin report
Ø RBI Guv headed MPC begins deliberations
Ø Steelmakers face trouble in procuring iron ore
Ø Voda Idea pays up Apr-Jun license fees
Ø EU scrutinize Google's plan to buy Fitbit
Ø NMDC sees 13% rise in production in July, sales grow 7%
Ø US-based DFC backs IndusInd Bank's loan to Aviom India Housing Finance
Ø July exports at nearly last year's level; economy on path to revival: Goyal
Ø Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO
Ø Wiserfunding enters Indian market, to provide lending solutions for SMEs
Ø India's fuel demand may take 6 to 9 months to reach normal levels: IOC
Ø Bharti Airtel shareholders approve scheme of VSAT operations merger
Ø Lupin gets US FDA approval to market generic diabetes drug in the US
Ø CAG wants to look into recap of public sector banks by FinMin
Ø Mukesh Ambani preps up for a multi-billion dollar play in renewables
Ø CERC gives nod for third power exchange in the country
Ø NTPC Group’s power generation in July rises 13%
Ø Government looking at non-tariff barriers to curb Chinese imports
Ø GMR Infrastructure evaluating de-merger options
Ø Sales may reach FY 20 level in 2nd half of current fiscal : Maruti’s Bhargava
Ø SAIL's July sales up 50 pc to 15.83 lakh tonnes
Ø SocGen culls top ranks after $1.5-bn loss; lines up new generation of leaders
Ø Argentina strikes $65-bn debt agreement after restructuring breakthrough
Ø IMF says coronavirus may shrink global imbalances further in 2020
Ø 96 pc of 60,000 ventilators ordered by govt are 'Make in India'
Ø NITI panel recommends scrapping of buffer stock subsidy scheme for sugar
Ø Spirits maker Diageo takes 772 mn pounds write down for Indian market amid COVID-19
Ø Ayana Renewable acquires two solar power assets of First Solar in Karnataka
Ø Dilip Buildcon bags road project worth Rs 1,140.50 cr in Telangana
Ø Fuel demand in July falls due to high prices, fresh lockdowns
Ø Apple, Samsung proposes Rs 11,000 crore mobile phone production in India
Ø American countries looking for cheaper generic drugs from India
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👉🏻Appellate Procedure under Income Tax Act 1961
(Appellate Procedure under Income Tax Act 1961 by Adv. (CA) Ved Jain Ji (Past President, ICAI)
👇🏻 👇🏻 👇🏻
https://youtu.be/ua_yABGxHgA
👉🏻Search and Seizure under Income Tax
(Law Relating to Search and Seizure under Income Tax Explained by *Dr.(CA) Rakesh Gupta JI*, Ex Member - ITAT (Income Tax Appellate Tribunal)
👇🏻 👇🏻 👇🏻
https://youtu.be/16zBYHC68Ks
👉🏻Appellate Procedure before ITAT (Income Tax Appellate Tribunal)
(Practical aspects of appeals before the Income Tax Appellate Tribunal (ITAT) by *Sr. Advocate Ajay Vohra Ji* and *Advocate Gaurav Jain Ji*)
👇🏻 👇🏻 👇🏻
https://youtu.be/OwvDpp-x9Ms
👉🏻Interplay of Income Tax Law with Indian Constitution and other relevant Laws
(Interplay of Income Tax Law with Indian Constitution and other relevant Laws in real life situations by *CA. (Adv) Kapil Goel*)
👇🏻 👇🏻 👇🏻
https://youtu.be/eXP6THuex9c
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👉 Arrangements by the Committee for Members in Practice (CMP), ICAI -
https://www.icai.org/post/arrangements-committee-for-members-in-practice
👉 SEBI Settlement Scheme, 2020 - One Time Settlement Scheme -
https://resource.cdn.icai.org/60455clcgc49261.pdf
👉 Frequently Asked Questions on the SEBI Settlement Scheme, 2020 - One Time Settlement Scheme issued by the Securities and Exchange of Board of India on 27th July, 2020. -
https://resource.cdn.icai.org/60451clcgc49259.pdf
👉 Organizing Orientation Course and Information Technology Training through virtual mode for Foundation and Direct Entry route students by the Regional Councils and Branch offices of ICAI - (31-07-2020)
https://www.icai.org/post/ocitt-virtual-mode
👉 Exposure Draft of Guidance Note on Revenue from Operations in case of Contractors (Last date of comments: August 31, 2020) - (01-08-2020)
https://resource.cdn.icai.org/60469research49279.pdf
👉 GST changes that you should be aware of
https://economictimes.indiatimes.com/
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GST Updates
July 2017 data removed from GST Portal:
1. GST Portal is notified vide Section 146 of the CGST Act' 2017 which facilitates all the compliance support under GST.
2. Now today on 1st August 2020 Return Data for July 2017 has been removed from GSTN portal not available for viewing
3. No were in law it is mentioned that GSTN would preserve data for 3 Years only but while viewing the Electronic Liability Register the Portal is showing "Maximum period for viewing ledger is 3 years"
4. Now its high time to start taking data backup for earlier period as it would be quiet helpful during the assessment stage.
5. This action might be taken for lack of storage space but no intimation was given prior.
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