26th October 2K20
Ø India and Philippines commence negotiations on investment treaty
Ø Anil Agarwal lauds Niti's initiative on Hindustan Copper divestment
Ø Relief for Amazon, arbitration panel says Future can't go to RIL
Ø Religare gets interest from some investors for RFL; introduces them to lenders
Ø Pandemic to change Indian insurance sector's landscape: IndiaFirst Life
Ø Lenders to debt-ridden DHFL to meet on Monday to take call on bids
Ø India may see $206 bn investment in oil and gas in next 8-10 years
Ø Vedanta's $1.17 billion debt maturities prompt credit rating warnings
Ø Bajaj Auto witnesses a strong revival in various export markets
Ø FPIs remain net buyers in October so far, pump in Rs 17,749 crore
Ø Coal imports rise 12 per cent to 19 MT in September on improved consumption
Ø Due date for filing GST annual return for FY19 extended till December 31
Ø Japan mulls $95.5 billion extra budget to counter Covid-19: Reports
Ø Franklin Templeton to move Supreme Court against HC order to wind up six debt schemes
Ø Kotak exploring potential takeover of IndusInd Bank
Ø Reliance Industries rolls back salary cuts, offers performance bonus: Report
Ø FPIs remain net buyers in Oct so far amid better-than-expected financial results
Ø IRDAI proposes changes in insurance advertisement regulations
Ø India economy on verge of slow recovery as worst is over: PHDCCI
Ø Yes Bank lacked cost control; aim to cut op expenses by 20 pc in FY21: CEO
Ø IL&FS to address over 50% of Rs 99k crore debt by March, 2021
Ø IRDAI proposes lower capital, liberal norms to float micro-insurance companies
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👉 Engagement of Young Professionals (YPs) in Ministry of Corporate Affairs on contract basisPdf(235 KB)
http://www.mca.gov.in/Ministry/pdf/AdvertisementMCA_22102020.pdf
👉 Multipurpose Empanelment Form for the year 2020-21 extended till 6th November, 2020 - (22-10-2020)
https://www.icai.org/post/mef-year-2020-21-extended-till-6thnov2020
👉 Register for Exclusive Blended Online Weekend Batch of Spanish Language (60 Hours) for ICAI Members and Students at New Delhi - From 8th November, 2020 - (22-10-2020)
https://www.icai.org/post/register-exclusive-online-weekend-batch-of-spanish-language-nov2020
👉 Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS)-Adv. Information Technology Test - Computer Based Mode on 10th November, 2020 - (22-10-2020)
https://resource.cdn.icai.org/61586exam50104.pdf
👉 RBI announces Open Market Operations (OMO) Purchase of Government of India Securities
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50552
👉 Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11986&Mode=0
👉 Digital Payment Transactions – Streamlining QR Code infrastructure
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11987&Mode=0
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LEGAL-KNOWLEDGE CAPSULE
✒️ Supreme Court has admitted an appeal against a National Green Tribunal order, disposing the execution Petition filed for implementation of measures to restore environmental conditions in Singrauli and Sonebhadra districts of Madhya Pradesh and Uttar Pradesh respectively, allegedly despite non-compliance of its original directions.
✒️ Supreme Court has set aside the order of interim bail granted by Allahabad High Court to former Uttar Pradesh Minister, Gayatri Prajapati who is facing charges in a rape case.
✒️ Delhi High Court has observed that triple talaq has been declared to be void and illegal, it does not mean that the legislature could not have made the continuation of such practice, an offence.
✒️ Delhi High Court has observed that there should be no further extension of interim order in civil cases, interim bails should be granted to undertrials in heinous Crimes.
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🌹DUE DATE EXTENSION UPDATE
✏ GSTR 9, 9C date for FY 2018-19 extended to 31st December, 2020
✏ ITR Filing Date for entities subject to Tax Audit for AY 2020-21 extended to 31st January, 2021
✏ ITR Filing Due Date of International Transactions Taxpayers for AY 2020-21 extended to 31st January, 2021
✏ ITR Filing Due Date for other tax payers extended to 31st December, 2020
✏ Tax Audit Filing Date also extended to 31st December, 2020
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⚫Foreign portfolio investors remained net buyers in Indian markets in October so far, pumping in a net Rs 17,749 crore in the month as better than expected quarterly results, the opening of the economy, and resumption of business activities kept investors' interest intact.
⚫The ongoing 'One District One Product' virtual fair, organised as an experiment amid the COVID-19 pandemic, has been a grand success and has now been extended till October 27.
The fair, organised by FICCI, the ODOP cell and state Govt's MSME dept, is aimed at giving a platform to traditional products at the national and international level and to assist craftsmen and artisans get recognition in newer markets
⚫The country's oil and natural gas sector is likely to see investment to the tune of $206 billion during the next eight to ten years.
⚫Centre will seek the Parliament's approval for additional spending of Rs 37,000 crore on infrastructure development in the second batch of supplementary demands for grant. FM had earlier in the month announced that Centre's capital expenditure budget for current fiscal has been increased by an additional Rs 25,000 crore from a level of Rs 4,13,000 crore provided for FY21.
⚫India's total cases have risen to 7909049, with 45157 new Covid-10 infections.
⚫PM has announced that all people will be provided vaccines free of cost in India. An estimated Rs 500 will be spent on vaccination of each person.
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👉 Withdrawal of EVC facility extended to companies for filing GSTR1 and GSTR3B.
https://www.gst.gov.in/newsandupdates/read/408
👉 Important Announcement November 2020 Examinations - Admit Card and Opt Out Window - (23-10-2020)
https://resource.cdn.icai.org/61590exam50116.pdf
👉 Minutes of the Monetary Policy Committee Meeting October 7 to 9, 2020
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50560
👉 GST Annual Return (GSTR 9) & GST Audit (GSTR 9C) : 31/12/2020
👉 ITR where Audit Required (Form 3CA/3CB, 3CD & 3CEB) : 31/01/2021
👉 Self Asstt Tax due date for payment of self assessment tax for taxpayers whose self-assessment tax liability is up to Rs. 1 lakh is 31/01/21 (where audit is required) & 31/12/2020 (where no audit is applicable)
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