Tuesday, 15 June 2021

15 June 2021 Updates


⚫Overseas investors pumped in a net Rs 13,424 crore so far in June as sentiment improved with declining Covid-19 cases and hopes of early opening of economy.
⚫Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19.
⚫The fourfold increase in the drinking water mission budget to Rs 10,870 crore for Uttar Pradesh announced by the Centre makes it the biggest allocation for any scheme for the state this fiscal year.
⚫The IPO market is set for a big days as over a dozen financial services players, including fintechs, are set to mop up over Rs 55,000 crore this fiscal from the market.
⚫ICICI Venture eyes digital start-ups, real estate fund of $300-400 million. The leading private equity player is re-entering the start-up space after around two decades.
⚫Haryana extends statewide Covid lockdown till June 21 with some relaxations.
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👉🏻RBI clarification of Appointment of Statutory Central Auditors (SCAs) / Statutory Auditors of Commercial Banks, UCBs and NBFCs
(Guidelines for Appointment of Statutory Central Auditors (SCAs) / Statutory Auditors of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)
👇🏻 👇🏻 👇🏻
https://bit.ly/3gp7iug

👉🏻Rs.1.53 lakh Cr bad loan write-off gives a facelift to banks’ NPA profile
(This is the second-highest amount of loans being written off in a financial year over the last decade after 2018-19's record Rs 2.54 lakh crore write-offs)
👇🏻 👇🏻 👇🏻
https://bit.ly/3cHyYJQ

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Government Plans to Include GST in UPI QR Code. National Payments Corporation of India is working on UPI to enable this feature.

What will happen after this feature?
1) Every payment done by UPI will also transmit GST Number, Invoice number etc.
2) UPI will Link with GSTIN. Example: At present We are paying money with UPI linked with Mobile number after this feature UPI payment can be done by entering GSTIN.
3) Every Invoices/payment summary detail will be automatically stored in the Cloud.

It will also contain the audio feature i.e when you speak transactions it will be recorded/executed hand in hand.

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NSE GUIDANCE NOTE ON COMMUNICATION BY LISTED COMPANIES

▶️ TO all Company Secretaries

💻One of the mediums being used by listed entities to communicate with their stakeholders is the
 Exchange platform provided in the form of its website. 

📀Apart from regulatory filings, entities
provide updates on their performance, awards/recognition received worldwide, positioning
themselves as a leader, etc.

🎞️ There are also instances wherein Key Managerial Personnel or any
other person representing the listed entity is seen disclosing the company’s prospects, future plans,
etc while being interviewed. 

🪃While all this may be significant to survive in an ecosystem in which
the company operates, stakeholder interest is of paramount importance as well. 

🔰The company shall
ensure that no price-sensitive information is disclosed unless the same has been first disclosed to
the stock exchanges.


▶️ The  indicative list of things that shall be kept in mind by the listed entities while
publicizing the company is attached herewith
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CBDT grants relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in filing of forms online on the new e-filing portal incometax.gov.in. The forms can be submitted in manual format to the authorised dealers till 30th June, 2021.

http://gstupdategstforcecom.blogspot.com/2021/06/cbdt-grants-relaxation-in-electronic.html
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