30th October 2K20
Ø India's April-Sept fiscal deficit at Rs 9.1 lakh crore
Ø US economy surges 33.1% in Q3, biggest gain on record: Govt
Ø ServiceNow says India among its fastest growing markets
Ø Centre proposes mandating license for foreign vessels engaged in coastal shipping in India
Ø JBIC signs loan agreements totaling Rs 11,000 crore to support Indian Industry
Ø Shapoorji Pallonji Group submits plan to Supreme Court for separation from Tata Group
Ø Mahindra Electric eyes investment, bulk deals with e-commerce companies
Ø US hints at possibility of reducing trade, investment barriers with India
Ø BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses
Ø Cognizant net profit falls 30% to $348 mn in Q3; revenue flat at $4.2 bn
Ø US pitches cheaper solar tech to India amid high dependence on China
Ø IMF tells Britain to keep spending to fend off coronavirus crisis
Ø SFIO searches Sahara's office in Lucknow, probe against group widens
Ø KKR launches platform to acquire renewable energy assets in India
Ø Core sector contraction narrows to 0.8% in Sept
Ø Pidilite Industries acquires Araldite maker for ₹2,100 crore
Ø TVS Motor Company posts ₹196 crore net in Q2
Ø MCX Q2 net profit slips 18 per cent to Rs 58.55 crore
Ø Procter & Gamble sets up ₹400-crore India Growth Fund
Ø Laurus Labs’ Q2 net zooms to ₹242 crore
Ø US jobless claims aid fall to 751,000, virus resurges
Ø SmallCap World Fund bought 1.04% stake in MCX for ₹94 crore
Ø RBI to conduct second OMO purchase of SDLs next month
Ø ICICI Prudential Life to raise ₹1,200 crore
Ø BlackRock is defying stock chaos to launch small-cap value ETF
Ø Vodafone Idea Q2 net loss narrows to ₹7,218 crore; Arpu rises
Ø Govt approves mandatory packaging of food grains in jute bags
Ø Samsung India expects 40% growth in smartphone segment in Q4
Ø IndiGo posts Rs 1,194 cr loss for September quarter
Ø RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms
Ø Bidding process of Air India’s divestment would be on enterprise value, says Hardeep Singh Puri
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Increase in the no. of Structured CPE hours being granted in online mode from 15 CPE hours to 20 CPE hours and extension of last date for completion of 20 Structured CPE hours through Digital Learning Hub or Virtual CPE Meetings from 31st October, 2020 to 31st December, 2020 - (29-10-2020)
Continuing Professional Education Directorate & CDS
The Institute of Chartered Accountants of India
29th October, 2020
ANNOUNCEMENT
Increase in the no. of Structured CPE hours being granted in online mode from 15 CPE hours to 20 CPE hours and extension of last date for completion of 20 Structured CPE hours through Digital Learning Hub or Virtual CPE Meetings from 31st October, 2020 to 31st December, 2020
This has reference to earlier announcement dated 23.09.2020 available at https://www.icai.org/post.html?post_id=16516 informing that out of 20 Structured CPE hours which is mandatory to be completed by Members below 60 years holding COP, in each calendar year, 15 Structured CPE hours can be granted through online mode (either through Digital Learning Hub or through above Virtual CPE meetings including mandatory CPE hours on “Code of ethics” and “Standard on auditing”) till 31st October, 2020.
However, taking cognizance of the COVID-19 pandemic situation worldwide when public gathering is still restricted/not advisable, it has been decided to allow grant of 20 Structured CPE hours through online mode till 31st December, 2020.
Accordingly, following may be noted for information and compliance by members, CPE POUs and other stakeholders:-
“Requirement of completion of 20 hours Structured CPE hours which is mandatory to be completed by Members below 60 years holding COP, in each calendar year, can now be fulfilled through online mode (either through Digital Learning Hub or through Virtual CPE meetings including mandatory CPE hours on “Code of ethics” and “Standard on auditing”) till 31st December, 2020.” To clarify, if a member has earned more than 20 Structured CPE hours through Digital learning Hub and/or VCMs till 31st December, 2020, for compliance purpose, only 20 Structured CPE hours will be credited.
Regards
Secretary
CPE Directorate
The Institute of Chartered Accountants of India
‘ICAI BHAWAN',
A-29, Sector 62, NOIDA – 201309
E-mail: cpeadmin@icai.in
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⚫Facing severe revenue stress because of muted economic activity during the Covid-19, the Govt’s fiscal deficit soared to 115% of the full Budget estimates in the first half of 2020-21. The gap between the Centre’s revenue and expenditure touched Rs 9.13 trillion between April & Sept.
⚫Companies in the UK find it easier doing business in India. But they also find the regulatory and legal hurdles, including those relating to the GST, along with corruption, as major areas of concern, revealed a survey of 106 UK organisations operating in India.
⚫Output in crucial eight industry core sector contracted for the seventh month in a row, but the unlocking of the economy reduced the rate of decline to a mere 0.8% in Sept against 7.3% in the previous month.
⚫The World Bank said remittances to India would fall this year by 9% to $76 billion due to the ongoing coronavirus pandemic and global economic recession. As the Covid-19 & economic crisis continues, the amount of money migrant workers send home is projected to decline 14% by 2021 compared to the pre-Covid-19 levels in 2019.
⚫Delhi recorded over 5,700 fresh COVID-19 cases, the highest single-day spike till date.
⚫The officials of the anti-evasion branch of the CGST, Delhi (East), have busted a major racket for generation of huge inadmissible input tax credit through fake billing of about Rs 1,278 crore.
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👉🏻CGST officials bust racket for generating fraudulent ITC through fake billing of around Rs 1,278 Cr
(Searches were conducted over more than nine places spread over different locations in the state of Delhi and Haryana to identify the taxpayers, who were defrauding the Govt of its legitimate taxes)
👇🏻 👇🏻 👇🏻
https://bit.ly/34DAglu
👉🏻FinMin extends I-T exemption under LTC cash voucher scheme to non-central government employees
(Govt has decided to extend the income tax exemption available under leave travel concession (LTC) cash voucher scheme to non-central government employees also to boost consumer spending)
👇🏻 👇🏻 👇🏻
https://bit.ly/2HRqOSw
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