25th september 2k20
ø imf says global economic outlook better than june prediction
ø government extends suspension of fresh insolvency proceedings for three months
ø export boost to help pharma sector come out 'unscathed' from covid-19 pandemic
ø jio starts offering mobile services on 22 international flights
ø india ratings maintains negative outlook on nbfcs, hfcs for h2 fy21
ø indian oil corp mulls deferring expansion of projects to sync them with demand
ø govt forms five task forces to make indian msmes future-ready: secy
ø indian banking to be among the last to recover in covid-19 crisis: s&p
ø auditors seek fine-tuning audit report guidelines, approach sebi, nfra
ø sebi releases guidelines for investment advisors on client segregation
ø tata coffee in talks to acquire vg siddhartha's coffee plantation
ø ril in talks to buy electronics chain in south, deal may hit rs 3,000 cr
ø mazagon dock to sell shares at price band of ₹135-145 in ipo; issue to open on sep 29
ø va tech wabag charts two-pronged strategy to drive strong growth
ø havells india enters refrigeratorsegment under brand lloyd
ø wipro ge healthcare, iisc partner to set up healthcare innovation lab
ø global sugar consumption seen recovering in 2020/21: rabobank
ø ntpc says no to greenfield coal fuelled power projects
ø govt aims to raise ₹444 crore via mazagon dock shipbuilders stake sale
ø bse sees listing of commercial papers, debentures of ₹41,200 cr on single day
ø sharechat bags $40 million in pre-series e funding round
ø sebi penalises biocon's employee for violating insider trading norms
ø rbi declines to accept bids under omo
ø seek prior approval before re-appropriating funds provided for travel, other expenses: finmin
ø global labour income estimated to have declined by 3.5 trillion usd in first 3 quarters of 2020: ilo
ø despite resistance, china increases share in indian import basket
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Expression of interest for engagement of concurrent auditors uco bank
online application portal will remain open from 24.09.2020 to 30.09.2020 (23:59:59 tirs) uco bonk invites online application from practicing firms of chartered accountants in india for engagement as concurrent auditors to undertake concurrent audit assignment in designated branches/ offices through computerized application package and rlhs/ambs/service branches. central pension processing centre, sme hubs, treasury, depository services and ho departments in india through manual process. the firms who are willing to under take the audit in computerised application environment have to apply for concurrent audit through online application portal. i.
notification
https://cavinaymittal.com/image/uco%20notification_2020.pdf
annexure 1
https://cavinaymittal.com/image/uco%20annexure-i.pdf
annexure ii
https://cavinaymittal.com/image/uco%20annexure-ii.pdf
last date is 30-09-2020
link to open
https://cavinaymittal.com/viewblogdetails.aspx?id=192
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⚫the bse sensex posted its biggest single-day fall in four months after investor sentiment turned sour on the federal reserve’s dire assessment of the us economy and rising covid-19 infections forcing many countries to re-enforce restrictions.us federal reserve said, the us economy remained in a deep hole of joblessness and weak demand and called for more stimulus measures from policymakers.
⚫despite india being an important partner for the us geopolitically, a bilateral free trade agreement is unlikely in the next four years regardless of who wins the upcoming presidential elections.
⚫the rbi came out with a five-pillared strategic approach 'guard' to deal with cybersecurity threats being faced by urban cooperative banks. the number, frequency and impact of cyber incidents and attacks have increased manifold in the recent past, more so in the case of the financial sector, including ucbs, rbi said in its document technology vision for cyber security for urban cooperative banks 2020-2023.
⚫the central govt has extended the suspension on initiating insolvency and bankruptcy proceedings against firms for three more months till december 24.
⚫about 65% people polled in a survey have said that the covid-19 pandemic and ensuing lockdowns hit their income and 56% respondents claimed to have availed moratorium on loan and credit card dues.
⚫india recorded 85,919 coronavirus cases, taking its total caseload way past the 5.8-million mark.
⚫intensifying protests against the agricultural bills passed by parliament, various farmer's organisations, including those from punjab, haryana and uttar pradesh, have called a national shutdown today.
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✒️ delhi high court while dismissing a pil seeking closure of illegal hookah bars in delhi, rapped the petitioner for lack of preparedness and went on to highlight that petitioners must do their homework before filing public interest litigation plea.
✒️ rajya sabha passed the three labour codes namely:
occupational safety, health & working conditions code, 2020
the industrial relations code, 2020
the code on social security, 2020
✒️ orissa high court has refused to allow the termination of the pregnancy of a physically and mentally-challenged rape survivor.
✒️ delhi high court granted relief in interim applications filed by star india pvt. ltd. & anr. against jackstremas.com & ors. in a suit filed for website blocking for alleged illegal and unlawful activities of the defendant websites.
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Gst due dates
gstr-3b more then 5 cr having tax liability
▪️20th sept 2020-due date of filling gstr-3b for the month of august 2020 over
gstr-3b upto 5 cr state category i having tax liability
▪️23rd sept 2020-filling gstr-3b for june 2020 with nil late feesover
▪️27th sept 2020-filling gstr-3b for july 2020 with nil late fees
▪️1st oct 2020 - due date of filling gstr-3b for august 2020
gstr-3b upto 5 cr state category ii having tax liability
▪️25th sept 2020-filling gstr-3b for june 2020 with nil late feestoday
▪️29th sept 2020-filling gstr-3b for july 2020 with nil late fees
▪️3rd oct 2020 - due date of filling gstr-3b for august 2020
gstr-3b july-2017 to july-2020 if filed upto 30/9/2020.
late fees maximum rs 500/- per return, late fees nil for nil returns.
annual return /audit report
▪️30th sept 2020- gstr-9/9a/9b annual return for fy 2018-19.
▪️30th sept 2020- gstr-9c audit report for fy 2018-19
(annual return is optional for registered person having turnover upto 2 cr and gst audit is optionl upto 5 cr)
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