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Updates

Punjab National Bank launches the festival offer, waives charges for certain loans
(The bank waives all fees for upfront or processing and paperwork charges on some of its key retail items such as home loans and car loans under the 'Festival Bonanza Offer')

SBI begins the women's autonomy progra...

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BANKING UPDATES by My Tax Adviser:
1. Government in the Indian state-run banks to infuse Rs 20,000
The government has already pumped Rs 3.5-lkh crore in the last five years to rescued banks) (In April Reuters announced that New Delhi had assured state banks that it was ready to provide support to...

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Business Update
1. ITAT has issued a directive dated 17th September 2020 stating that as several court functioning days of the ITAT have been lost in the year 2020 due to the ongoing pandemic situation and the nation-wide lockdown, the remaining period of the bench non-sitting days during the Cal...

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UPDATES ON BANKING:
Changes in the law on banking supervision aimed at strengthening cooperative bank governance: FMM: (Moving the Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha, Sitharaman said that during the lockdown period, the government was compelled to come out with an order as...

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At the outset of every business journey, there are a multitude of statutory compliances that have to be adhered to by a company within a stipulated timeline under various provisions of the Companies Act,2013, Income Tax Act,1961, and other applicable acts. Some of these compliances include holdin...

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Banking Regulation (Amendment) Bill, 2020 was passed in the Lok Sabha on Wednesday. The bill, moved by Finance Minister Nirmala Sitharaman, seeks to bring cooperative banks under the supervision of the Reserve Bank of India (RBI).

GST Update

E-invoicing will not be applicable for business-to-consumer supplies or import bills of entries, while special economic zone units, banking companies, insurers, goods transport agencies and passenger transport companies will be exempt from issuing them. The GST Network issued clarific...

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The Big Number: $ 3 Billion

That's how much Snowflake, a maker of database software, is projected to raise today in the biggest initial public offering for a U.S. software company in history that could value the company at more than $33 billion.

Even Warren Buffett, who typically steers away fr...

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U.S. markets are poised for a higher open as investors wait to hear remarks from the Federal Reserve as it concludes its two-day meeting on monetary policy. Don't expect any movement on interest rates - we know where those are going - but pay attention to what the Fed says about continuing its pu...

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