Six major steps for the revival of the MSME sector 1. Collateral free loan of Rs 3 lakh crores for MSMEs. This will benefit 45 lakh units so that they can resume work and save jobs. 2. For stressed MSMEs, Subordinate debt provision of Rs 20,000 cr has been announced for 2 lakh MSMEs. It […]
Presentation made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Prime Minister’s Vision Call for Atmanirbhar Bharat or Self-Reliant India Movement Five pillars of Atmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand Special economic and comprehensive package of Rs […]
PM Modi Ji emphasized on following on 12th May 2020 and had a vision of announcing 20 lac crores stimulus package in variant basis: Emphasis on ATMA NIRBHAR BHARAT concept Land and Labor, Law and Liquidity to be in focus Local Brand to be tuned and developed into Global brands Economy, Infrastructure, System, Demand and […]
Q.1: How do I know if I require a PF transfer? Ans. If the member has more than one PF member IDs (MIDs) and the PF amount of these MIDs has not been transferred into the latest MID, member is required to get his PF transferred into his current MID. Q.2: What are the types […]
Q.1: Why is it necessary to have DSC/e-Sign? Ans. Many important tasks like KYC attestation, transfer claim attestation etc are done online by the authorized persons of employer using their digital signatures or Aadhaar based e-Sign on EPFO portal. This ensures seamless online service to members. Q.2: What role does EPFO plays in use of […]
Physical Inventory Verification Key Audit Considerations amid COVID-19 Auditing and Assurance Standards Board (AASB) The Institute of Chartered Accountants of India A. BACKGROUND Physical verification of inventory is the responsibility of management of the entity. Management is required to establish procedures under which inventory is physically counted at least once a year to ensure existence, […]
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (HEALTH INSURANCE) REGULATIONS, 2016[1] [Amended upto 12/05/2020] F. No. IRDAI/Reg/17/129/2016. – In exercise of the powers conferred under Section 114A of the Insurance Act, 1938 and Section 14 read with Section 26 of the IRDA Act, 1999 and in consultation with the Insurance Advisory Committee, the Authority hereby […]
COVID19 Pandemic saw business transitioning to remote work and building efficient strategies thereof. Central GST Commissionerate Goa swiftly adopted technologies of remote work so that businesses are kept buoyant and Tax payers are at ease.
1. Prime Minister Narendra Modi, pointing out that out that it will take some time to get a vaccine, said: ‘I request you all to share with me by 15th May, a broad strategy on how each one of you would want to deal with the lockdown regime in your particular states. I want states […]
It may be clarified that there is NOT a bar in the revised Code of Ethics on acceptance of more than 15% fees from a single client. There is only requirement of disclosure , and taking safeguards prescribed therein, if the total gross annual professional fees from the audit client and its related entities represent more than 15% of the total fees received by the firm expressing the opinion on the financial statements of the client for two consecutive years.
