by Sunil Kumar Gupta | Mar 28, 2020 | insight
With the outbreak of the COVID-19 and the subsequent nationwide lockdown, life is operational in a more or less standstill mode now. Government took strict steps to combat the spread of the deadly virus and ordered to close schools, malls, cinema halls and later on all offices except some of the offices providing essential services to the society.
by Sunil Kumar Gupta | Mar 27, 2020 | insight
Our Country’s outlook is now heavily contingent upon the intensity, spread & duration of the pandemic. There is a rising probability that most parts of the world economy would also slip into recession. RBI’s role is to maintain its “accommodative” stance and would maintain its position “as long as necessary” to revive growth while ensuring inflation remained within the target.
by Sunil Kumar Gupta | Mar 27, 2020 | insight
Government announces financial relief to combat the lockdown crisis The Hon’ble Finance Minister, Nirmala Sitharaman held a press conference on 26th March, 2020 and announced economic package of ₹1.7 lakh crores under Prime Minister Gareeb Kalyan Yojana to protect the...
by Sunil Kumar Gupta | Mar 26, 2020 | insight
Relaxation from tax and regulatory compliance timelines in view of COVID-19 outbreak Having gripped the world with massive footprints, the coronavirus pandemic has kicked off a wave of mass hysteria over the conscious precautions. Surging cases of people hoarding...
by Sunil Kumar Gupta | Mar 17, 2020 | insight
MCA has notified new Companies (Auditor’s Report) Order, 2020 (hereafter referred to as CARO, 2020) on February 25, 2020 replacing the previous Companies (Auditor’s Report) Order, 2016. CARO and is applicable from immediate effect. As per CARO 2020, Auditor has to...
by Sunil Kumar Gupta | Jan 3, 2020 | insight
India is at the cusp of a global economic revolution, being one of the fastest-growing economies in the world with an average growth rate of about 7%.The projections made by the International Monetary Fund(IMF) state that India is likely to grow consistently at higher...