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Busy will help to manage your business as the ERP Package can done. Software's are not meant for specific business needs but the relations do. We ensure to understand your business needs and will let you help to implement Accounting & ERP Packages to smoothen your business operations. You may ask our professional community for any guidance at ... See MoreSee Less

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#RBI to launch campaign to make public aware of central bank's regulations, initiatives

The Reserve Bank is planning to launch a full-fledged multi-media and multi-lingual campaign to create general awareness among citizens about the regulations and initiatives of the central bank.
RBI's department of communication has sought applications from advertising agencies for designing the creatives for pan-India public awareness campaign.
"The campaign will be in 14 languages - Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Sindhi, Tamil, Telugu, Urdu, and English with focus on regional languages," said the expression of interest document floated by the RBI in this regard.
The media mix will include traditional ones such as newspapers, magazines, radio, television channels and cinema halls and new ones that include digital including web portals.
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#ICAI issues notice to auditors of Punjab national bank
The attention of Institute of Chartered Accountants of India (ICAI) has been drawn to various media reports highlighting the irregularities that have taken place in Punjab National Bank (PNB). While various investigating agencies have initiated their investigations in the matter, the Disciplinary Directorate of ICAI Suo Motu has also started its investigation as per the Chartered Accountants Act, 1949 and rules framed thereunder.
The Disciplinary Directorate of ICAI has issued Show Cause Notices to all Central Statutory Auditors of PNB. Similarly, Central Statutory Auditors who have done a quarterly review of PNB have also been issued Show Cause Notice. Auditor of Gitanjali Gems Ltd., has also been issued the Show Cause Notice in the matter. The Deputy General Manager, PNB has been summoned in terms of powers as vested in Section 21C of the Chartered Accountants Act 1949 to appear and produce a copy of FIR, all related documents in the said fraud, give details of the modus operandi used in the fraud.
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#GST Council meeting likely on March 10; focus on simplification of return filing process

The GST Council headed by finance minister Arun Jaitley is likely to meet on March 10 via video conference to finalize a simpler tax return filing process, a senior government official told Money control.
In the last Council meet on January 18, there were extensive discussions between states and the Centre to simplify the return filing process, while reaching a conclusion to keep the concept of invoice matching—key measure against tax evasion—intact.
Jaitley had indicated that in the future a single stage return filing will be introduced to reduce compliance burden and ease procedures for businesses.
Meanwhile, businesses will have to file GSTR3B or the summary form for the next few months, till the new mechanism is announced and similar changes are made in the software, the official said.
“Businesses will have to file summary form GSTR3B for the next few months…beyond March 31 as decided earlier,” the official said.
This would mean that the three key return forms—GSTR1 (outward supply), GSTR2 (inward supply) and GSTR3 (the final netted out return)—will be consolidated into a single form.
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#Amazon now a vendor on; starts food retailing in Pune
As it turns out, e-commerce giant Amazon is soon set to turn into a one-stop shop. The company has rolled out its own food retailing in Pune, becoming the first foreign e-tailer to sell food items directly to customers. The food products are being sold by Amazon Retail India Pvt. Ltd. This roll out comes after Amazon was granted permission by the Indian government to invest USD 500 million in a wholly-owned venture to sell local produces and packaged food items through online and offline mediums.
Amazon is also the only global company to have applied for the food-only retailing segment. The government had allowed 100 per cent foreign direct investment in 2016 food-only retailing to increase jobs and help the producers. The government had however asked Amazon to keep separate management and offices for their food-retailing business, also keeping it visibly distinct from its marketplace business that can only act as an aggregator and not sell products directly to consumers.
"Amazon is now a vendor on and is currently operating in Pune," The Economic Times reported.
An Amazon India spokesperson told the newspaper that the company is on track to launch their food-retailing business in India. Amazon will, however, take a quarter to roll out this service nationwide.
Grocery e-tailers Grofers and BigBasket which are funded by foreign investors have also been given a similar nod as Amazon.
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