There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
A letter sent out by Delhi government asked all medical directors to provide a written explanation on how the health workers contracted the disease despite wearing protective gear, maintaining safe distancing and taking all precautions.
Diamond industry expects revenues to drop by 20-25% in the current financial year.
These are becoming one of the most in-demand commodities in the COVID world with malls, offices, banks, and shops lining up to install the structure at their entrances. The company swamped with these orders is a relatively new one, Chennai-based Nanolife, which has patented its Rajat Bhasma formula or the silver nanoparticles solution as a healthy disinfectant. Sceptics, however, say if a person is potentially exposed to the COVID-19 virus, spraying the external part of the body would not kill the microbe, which is inside the body.
Govt has decided to suspend Sections 7, 9, and 10, which are used to trigger insolvency proceedings for six months or a period not exceeding one year from the date they commence.
'Call it by whichever name, but there is transmission happening between people.'
CII said working capital limit enhancement should be accompanied by relaxing norms related to collaterals.
Inside the narrow alleys of the basti, two CRPF companies -- around 150 armed guards -- have been deployed to keep a check on any unnecessary movement, reports Ruchika Chitravanshi.
410 civil servants in a feedback survey to the Prime Minister's Office said that the curfew should stay till the pandemic is controlled and asked to increase fiscal spending on health infrastructure to around Rs 5-10 trillion.
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
Companies will have to follow all requirements laid out under rules for holding board meetings via video conferencing such as recording of these proceedings, ensuring availability of proper equipment among others.
The government is also planning to set up specialised Benches for competition law to reduce the burden of the appellate tribunal, which is referred to on all matters from company law and IBC to competition law and the national financial reporting authority.
Assuming the private bank issues 20 billion shares at Rs 10 apiece (with face value of Rs 2 each), the total capital raise will be Rs 20,000 crore. And for the 49 per cent stake, SBI will need to put in about Rs 10,000 crore.
Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period.
With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.
The new web form would facilitate on-screen filing and real time data validation for seamless incorporation.
Deloitte India would not provide non-audit services to all listed companies and other entities where public money is involved such as banks and insurance companies, if they are its audit clients.
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
Finance Minister Nirmala Sitharaman has brought down the budgetary allocation for the fertiliser subsidy for FY21 to Rs 71,309 crore, from the RE of Rs 79,998 crore for FY20, while increasing food subsidy to FCI through "ways and means advance" to Rs 50,000 crore for FY21, from Rs 36,000 crore in RE for FY20, and under the National Food Security Act (NFSA) to Rs 77,982 crore, from Rs 75,000 crore.
What seems to have changed over the last two-three years is that earlier the CCI considered online as another channel for retail sales, while it now seems dividing the retail market into two -- online and offline, and looking at them separately, say competition law experts.
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