Reforms in health, education & banking will benefit India: IMF

Reforms in health, education & banking will benefit India: IMF Indian economy now seems to be on its way to recovering from disruptions caused by demonetisation and roll-out of GST, the IMF said on Sunday. At the same time, the IMF has underscored the significance of reforms in other key sectors like education, health and […]

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Define’shell companies’ in companies act, panel asks govt

Define’shell companies’ in companies act, panel asks govt At present, the term ‘shell company’ is not defined under the Companies Act, which is implemented by the corporate affairs ministry A Parliamentary panel has asked the government to define “shell company” in the Companies Act and ensure distinction between those guilty of fraud and those irregular […]

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E-way relief, for now, to e-commerce, courier firms sending small orders

E-way relief, for now, to e-commerce, courier firms sending small orders The requirement for such bills in intra-state movement would be implemented in a phased manner Small orders that are part of a large consignment of multiple deliveries will not require generation of an electronic-way bill from April 1. A relief to e-commerce, courier companies […]

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Manufacturing outlook positive for January-March quarter: FICCI

Manufacturing outlook positive for January-March quarter: FICCI Manufacturers in the country have a positive outlook for the sector in the January-March quarter on the back of higher production, a report by industry body FICCI today said. “the percentage of respondents reporting higher production in fourth quarter has increased significantly vis-à-vis previous quarter of 2017-18. The […]

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ICAI issues advisory on joint auditors’ work allocation in bank audits

ICAI issues advisory on joint auditors’ work allocation in bank audits The allocation of work should be in agreement with the management of the bank, said ICAI Chartered accountants should ensure that allocation of work during joint audits at banks should be done in agreement with respective managements, the ICAI has said following certain issues […]

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Quick savings recovery after demonetisation jolt: Reserve Bank of India

Quick savings recovery after demonetisation jolt: Reserve Bank of India According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance – a pattern that got disrupted after note ban The Reserve Bank of India’s (RBI’s) first quarterly publication on households’ financial assets pattern […]

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