Friday, August 14, 2020

News Updates

ICAI Constitutes High Level Independent Committee to look into the Examination processes/ Regulations governing CA Examinations

The Institute of Chartered Accountants of India ( ICAI ) has decided to constitute a High-Level Independent Committee to look into the Examination processes/ Regulations governing CA Examinations including Regulation 39(4) of...

CCI approves Acquisition of 70% Shareholding in Saudi Basic Industries Corporation by Saudi Aramco

The Competition Commission of India ( CCI ) has approved the acquisition of 70% shareholding in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company (Saudi Aramco), under Section 31(1) of...

GST Evasion: DGGI unearths Input Tax Credit Fraud of over Rs 400 crore in Kandla SEZ

Acting on specific intelligence that a few units located in Kandla SEZ at Gandhidham, (Gujarat) in connivance with about 20 exporter firms/companies based in the National Capital Region (NCR) have hatched a...

CA Students protest against ICAI’s Evaluation Methods: ICAI issues Clarification on Exam Evaluation

The Institute of Chartered Accountants of India (ICAI) has made an announcement with respect to Evaluation of answer books of CA exams on September 21, 2019. Thereafter, a webinar was conducted on...

CCI approves Combinations under Section 31(1) of the Competition Act, 2002

The Competition Commission of India (CCI) approves the following Combinations under Section 31(1) of the Competition Act, 2002, :Acquisition of Dixcy Textiles Pvt. Ltd. (DTPL) by Varenna Holdings Limited (Varenna)The proposed...

GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting

The 37th GST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for...

GST Council Recommends reduced GST Rate on Services

The GST Council in the 37th meeting held on 20th September, 2019 at Goa took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues....

RBI releases Handbook of Statistics on the Indian Economy 2018-19

Today, the Reserve Bank of India ( RBI ) released its annual publication titled “Handbook of Statistics (HBS) on the Indian Economy 2018-19”. This publication, the 21st in the series, disseminates time...

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SEBI notifies on Procedural Guidelines for Proxy Advisors

The Securities Exchange Board of India (SEBI) has notified the procedural guidelines for proxy advisors. According to SEBI (Research Analyst) Regulations, 2014,...