Govt : No Restriction on Inter-State and Intra-State Movement. Fresh Guidelines Issued till 31 December 2020
Ministry of Home Affairs has Issued Fresh Guidelines Read Below in PDFMHAOrder25112020
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Ministry of Electronics and Information Technology, Government of India today issued an order under section 69A of the Information Technology Act blocking access to 43 mobile apps. This action was taken based on the inputs regarding these apps for engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order. Ministry of Electronics and Information Technology has issued the order for blocking the access of these apps by users in India based on the comprehensive reports received from Indian Cyber Crime Coordination Center, Ministry of Home Affairs.
Earlier on 29th June, 2020 the Government of India had blocked access to 59 mobile apps and on 2nd September, 2020 118 more apps were banned under section 69A of the Information Technology Act. Government is committed to protect the interests of citizens and sovereignty and integrity of India on all fronts and it shall take all possible steps to ensure that.
List of apps that have been blocked for access in India today’s order are given as per the annexure attached.
Buying a new property from Builder ? Now you can check all Documents the builder has submitted to Municipal Corporation of Greater Mumbai online. The Following are the List of Documents you can get online
The document briefs about the steps to be followed for search and find out details against each process/ proposal which is submitting in Municipal Corporation of Greater Mumbai (MCGM)
Citizen can see current file stage with zone ward details. If citizen want to see all attached documents drawing and process details then need to click on File no/ Temporary no.
The Centre recently issued an order for bringing online news portals and content providers under the Ministry of Information and Broadcasting.
The Ministry of Information and Broadcasting is one of the vital Ministries that represent the face of the government in reaching out to the masses. The Ministry is entrusted with the task of disseminating information about government policies, schemes and programmes through the different medium of mass communication covering radio, television, press, social media, printed publicity like booklets; posters, outdoor publicity including through traditional modes of communication such as dance, drama, folk recitals, puppet shows etc.
The Ministry is also the focal point as regards policy matters related to private broadcasting sector, administering of the public broadcasting service- Prasar Bharati, multi-media advertising and publicity of the policies and programmes of the Union Government, film promotion and certification and regulation of print media.
A gazette notification issued by President Ram Nath Kovind recently issued stated that “films and audio-visual programmes made available by online content providers” and “news and current affairs content on online platforms” would be brought under the heading “Ministry of Information and Broadcasting” in the Second Schedule of Government of India (Allocation of Business) Rules, 1961.
The move to regulate online media was first initiated in March 2018, by then minister for I&B Smriti Irani. The following month, her ministry issued a circular saying that in order to fight the rise in fake news in print and electronic media, the government had decided that journalists who had complaints of creating/propagating fake news against them, would immediately have their press accreditation suspended.
Though the Prime Minister’s Office asked the ministry to withdraw this circular, it did not hide the fact that the thought process for curbing the freedom of online media had been set rolling.
A report by the Centre for Communication Governance (CCG) at the National Law University in Delhi had then revealed that online platforms are already heavily regulated.
The online space is governed by the Information Technology Act, 2000, some parts of which were struck down by courts as unconstitutional. However, the government is still empowered to block, filter and take down content online or even turn off internet access completely. These options have been excised regularly by the Indian government.
The CCG report said that though online media space (both news and non-news) seems like the Wild West in terms of the volume of content and the kind of transgressions which proliferate on the platform, Indian laws are already quite strict on the online space. Many punitive measures that were introduced by the UPA government have been taken forward by the NDA government, the report observed.
The report also pointed out that under Section 69A of the IT Act, online content can also be and is taken down entirely. Though this section too was challenged in court, it was upheld as constitutional. Usually, the report said, the process of issuing blocking orders is “opaque and the reasoning offered in orders is not subject to public scrutiny”.
In an affidavit that was signed by an under-secretary in the MIB, the Centre said sufficient framework and judicial pronouncements already existed with regard to electronic and print media. However, this was not the case with digital media, the affidavit said.
In October 2019, Reuters reported that the government was considering a law to censor streaming platforms like Netflix, Hotstar and Amazon Prime after several court cases and complaints were filed alleging that some content was “obscene or insulted religious sentiment”.
While the law did not come, four major players signed a self-regulation code in February this year, sparking concerns that the move is a precursor to self-censorship and “for online streaming to go down the path of TV”.
In July this year, the I&B Ministry had proposed bringing under its purview the content being streamed on such platforms. It had asked Ministry of Electronics and IT (MeitY) to identify ways for transfer of power so that it (I&B) could regulate online content without the need for any amendments to the Information Technology Act, 2000.
In September, the government had disapproved of the self-regulatory model proposed by the Internet and Mobile Association of India (IAMAI) for the OTT platforms in India. In a letter to IAMAI, the MIB had said that it will not be supporting the proposed model while suggesting that IAMAI take a cue from self-regulatory models of Broadcasting Content Complaints Council (BCCC) and News Broadcasting Standards Authority (NBSA).
It had also raised concerns about the lack of an independent third-party monitoring and a governing code of ethics of the model. It also informed IAMAI that the proposed mechanism does not clearly define prohibited content, and it also drew attention to the issue of conflict of interest at the second and third-tier level.
IAMAI’s proposed model had suggested a two-tier structure chaired by a retired judge of SC or HC, with the Digital Curated Content Complaints Council (DCCCC) acting at the second level.
The government also said that there’s no classification of the prohibited content and the advisory panel of the second tier comprises of Online Curated Content Providers(OCCPs) as opposed to an independent organisation like DCCP (which was proposed earlier). The ministry pointed out that the one independent member on the panel will therefore be in minority.
Through this notification, the Ministry of I&B will get the power to regulate policies for over the top (OTT) platforms. It had earlier written to the Ministry of Electronics and IT (MeitY) about for transfer of control over the OTT platforms.
Earlier, the OTT content came under the preview of the Ministry of Electronics & Information Technology (MeitY). Henceforth, MIB will be regulating both TV as well as digital content. Similarly, online news portals were not covered under a regulatory framework, unlike their TV and print counterparts.
The Schedule under the Allocation of Business Rules 1961 has under the “Ministry of Information and Broadcasting”, nine major categories dealing with broadcasting policy and administration, cable television policy, radio, Doordarshan, films, advertising and visual publicity, press, publications, and research and reference.
Now, even the “news and current affairs content on online platforms’, has been added after entry 22, which falls under the sub-category of “Films” and not “Press”. In simple words, online news portals, online content providers shall now fall under the Ministry of Information and Broadcasting. Sensor will now be applied on OTT platforms like Netflix, Hotstar, Amazon etc.
The move is seen as the first step to framing of content guidelines for OTT platforms on the lines of broadcasting.
The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. The COVID-19 crisis led to a spike in the country’s unemployment rate. Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections. Scenes of migrants fleeing urban centres including Delhi and Mumbai only confirmed the long-held concerns on their employment as the economic activity came to a grinding halt. In September 2020, India saw an unemployment rate of over 6%.
This was a significant improvement from the previous months. A damaging impact on an economy as large as India’s caused due a total lockdown was imminent. Unemployment went up to 23% in May 2020. This was possibly a result of a decrease in demand as well as the disruption of workforce faced by companies.
Earlier, the Prime Minister’s Rozgar Protsahan Yojana (PMRPY) was implemented up to March 31, 2019 to incentivize formalisation and creation of new employment. Under this scheme, total benefit of Rs 8,300 crore has been given to 1,52,899 establishment covering 1,21,69,960 beneficiaries.
Further, in order to curb the unemployment and issue and to provide a major boost to employment generation in the country in the formal sector post the pandemic, the government launched a new job creation scheme under Atmanirbhar 3.0. The newly launched Aatma Nirbhar Bharat Rozgar Yojana will incentivize job creation in the country by providing subsidy for two years in respect of newly eligible employees engaged on or after October 1, 2020 under the scheme.
This scheme is effective from 1st October, 2020 and will be operational till 30th June, 2021. It is said to be similar to the Pradhan Mantri Rozgar Protsahan Yojana (PMRPY) which was announced in August 2016.
The scheme will be applicable to:
Establishments registered with EPFO if they add new employees compared to reference base of employees as in September 2020 as under will be eligible for this Scheme:
Establishments registering with EPFO after the commencement of scheme will get subsidy for all new employees.
Central Government will provide subsidy for two years in respect of new eligible employees engaged on or after 1st October, 2020, at the following scale:
The subsidy support will get credited upfront in Aadhaar seeded EPFO account (UAN) of the eligible new employee
The scheme is expected to provide dual benefit. While on one hand, the scheme is expected to encourage the employers and business establishments to increase the number of workers hired, on the other hand, the scheme will help a large number of job seekers find employment in EPFO-registered establishments.
The Finance Minister also informed that more than 95% of all establishments and 65% of all employees in the formal sector were estimated to be covered in the first category, wherein EPF contributions will be given by government by way of subsidy support. She also said the RBI predicts a strong likelihood of the Indian economy returning to positive growth in Q3 of the fiscal year, ahead by a quarter of the earlier forecast. Besides, the existing Emergency Credit Line Guarantee Scheme has also been extended till 31st March 2021.
A company acts through two bodies of people – its shareholders and its board of directors. The board of directors are in charge of the management of the company’s business; they make the strategic and operational decisions of the company and are responsible for ensuring that the company meets its statutory obligations. The directors are effectively the agents of the company, appointed by the shareholders to manage its day-to-day affairs. The basic rule is that the directors should act together as a board but typically the board may also delegate certain powers to individual directors or to a committee of the board.
Independent directors act as a guide to the company. Their roles broadly include improving corporate credibility and governance standards functioning as a watchdog, and playing a vital role in risk management. Independent directors play an active role in various committees set up by company to ensure good governance.
According to the provisions of the Companies Act, an independent director in relation to a company, means a director other than a managing director or a whole-time director or a nominee director:
It is the duty of the Independent Director to:
An independent director has a crucial position in any company and hence its proper appointment is extremely important. By virtue of Section 172 which prescribes punishment for contraventions of any of the provisions of this Chapter (Chapter XI of the Act) and for which no specific punishment is provided therein, the Company and every officer of the company who is in default shall be punishable with fine which shall not be less than Rs. 50,000 but which may extend to Rs. 5,00,000.
The term ‘officer’ includes any director, manager or key managerial person (which includes the CFO and CS) or any other person in accordance with whose directions or instructions the Board of Directors or any one or more of the directors is or are accustomed to act.
As the penalty for non–compliance of the appointment of an independent director is not mentioned separately, the punishment prescribed under Section 172 shall be applicable.
Union Ministry of Labour and Employment has notified the draft rules under the Code on Social Security, 2020 on 13.11.2020 inviting objections and suggestions, if any, from the stakeholders. Such objections and suggestions are required to be submitted within a period of 45 days from the date of notification of the draft rules.
The draft rules provide for operationalization of provisions in the Code on Social Security, 2020 relating to Employees’ Provident Fund, Employees’ State Insurance Corporation, Gratuity, Maternity Benefit, Social Security and Cess in respect of Building and Other Construction Workers, Social Security for Unorganised Workers, Gig Workers and Platform Workers.
The draft rules also provide for Aadhaar based registration including self-registration by unorganised workers, gig workers and platform workers on the portal of the Central Government.
Ministry of Labour and Employment has already initiated action for development of such portal. For availing any benefit under any of the social security schemes framed under the Code, an unorganised worker or a gig worker or platform worker shall be required to be registered on the portal with details as may be specified in the scheme.
The rules further provide for Aadhaar based registration of Building and Other Construction Workers on the specified portal of the Central Government and the State Government or the State Welfare Board. Where a building worker migrates from one State to another he shall be entitled to get benefits in the State where he is currently working and it shall be the responsibility of the Building Workers Welfare Board of that State to provide benefits to such a worker.
Provision has also been made in the rules regarding gratuity to an employee who is on fixed term employment.
The rules also provide for single electronic registration of an establishment including cancellation of the registration in case of closure of business activities.
Provision has also been made regarding manner and conditions for exiting of an establishment from EPFO and ESIC coverage.
The procedure for self-assessment and payment of Cess in respect of building and other construction workers has been elaborated in the rules. For the purpose of self- assessment, the employer shall calculate the cost of construction as per the rates specified by the State Public Works Department or Central Public Works Department or on the basis of return or documents submitted to the Real Estate Regulatory Authority.
The rate of Interest for delayed payment of such cess has been reduced from 2 per cent every month or part of a month to 1 per cent.
Under the existing rules, the Assessing Officer has the power to direct that no material or machinery can be removed or disturbed from the construction site. Such power for indefinitely stopping of construction work has been withdrawn in the draft rules. Further, under the draft rules, the assessing officer can visit the construction site only with the prior approval of the Secretary of the Building and Other Construction Workers Board.
The rules have also provided for the manner of payment of contribution by the aggregators through self-assessment.
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat.
|Priority||Sectors||Implementing Ministry/Department||Approved financial outlay over a five-year period Rs.crore|
|Advance ChemistryCell (ACC) Battery||NITI Aayog and Department of Heavy Industries||18100|
|Electronic/Technology Products||Ministry of Electronics and Information Technology||5000|
& Auto Components
|Department of Heavy Industries||57042|
|Pharmaceuticals drugs||Department of Pharmaceuticals||15000|
|Telecom & Networking Products||Department of Telecom||12195|
|Textile Products: MMF segment and technical textiles||Ministry of Textiles||10683|
|Food Products||Ministry of Food Processing Industries||10900|
|High Efficiency Solar PV Modules||Ministry of New and Renewable Energy||4500|
|White Goods (ACs & LED)||Department for Promotion of Industry and Internal Trade||6238|
|Speciality Steel||Ministry of Steel||6322|
The PLI scheme will be implemented by the concerned ministries/departments and will be within the overall financial limits prescribed. The final proposals of PLI for individual sectors will be appraised by the Expenditure Finance Committee (EFC) and approved by the Cabinet. Savings, if any, from one PLI scheme of an approved sector can be utilized to fund that of another approved sector by the Empowered Group of Secretaries. Any new sector for PLI will require fresh approval of the Cabinet.
The PLI scheme across these 10 key specific sectors will make Indian manufacturers globally competitive, attract investment in the areas of core competency and cutting-edge technology; ensure efficiencies; create economies of scale; enhance exports and make India an integral part of the global supply chain.
The above will be in addition to the already notified PLI schemes in the following sectors:
|No.||Sectors||ImplementingMinistry/Department||Financial outlaysRs. crore|
|Mobile Manufacturing and Specified ElectronicComponents||MEITY||40951|
|Critical Key Starting materials/Drug Intermediaries and Active Pharmaceutical Ingredients||Department of Pharmaceuticals||6940|
|Manufacturing of MedicalDevices.||3420|
The Prime Minister’s clarion call for an ‘AatmaNirbhar Bharat’ envisages policies for the promotion of an efficient, equitable and resilient manufacturing sector in the country.Growth in production and exports of industrial goods will greatly expose the Indian industry to foreign competition and ideas, which will help in improving its capabilities to innovate further. Promotion of the manufacturing sector and creation of a conducive manufacturing ecosystem will not only enable integration with global supply chains but also establish backward linkages with the MSME sector in the country. It will lead to overall growth in the economy and create huge employment opportunities.
|AdvanceChemistry Cell (ACC) Battery Manufacturing||ACC Batteries|
|Electronic/Technology Products||Semiconductor FabDisplay FabLaptop/ NotebooksServersIoT DevicesSpecified Computer Hardware|
|Automobile andAuto Components||Automobile and Auto Components|
|Pharmaceuticals||Category 1 Biopharmaceuticals Complex generic drugs Patented drugs or drugs nearing patent expiry Cell based or gene therapy products Orphan drugs Special empty capsulesvii. Complex excipients|
|Category 2 Active Pharma Ingredients (APIs) /Key Starting Materials (KSMs) and /Drug Intermediaries (Dls)Category 3Repurposed DrugsAuto-immune drugs, Anti-cancer drugs, Anti diabetic drugs, Anti Infective drugs, Cardiovascular drugs,Psychotropic drugs and Anti-Retroviral drugsIn-vitro Diagnostic Devices (IVDs)PhytopharmaceuticalsOther drugs not manufactured in IndiaOther drugs as approved|
|Telecom Products||Core Transmission Equipment4G/5G, Next Generation Radio Access Network and Wireless EquipmentAccess & Customer Premises Equipment (CPE), Internet of Things (IoT) Access Devices and Other WirelessEquipmentEnterprise equipment: Switches, Router|
|Textiles||Man-Made Fiber SegmentTechnical Textiles|
|Food Processing||Ready to Eat / Ready to Cook (RTE/ RTC)Marine ProductsFruits & VegetablesHoneyDesi GheeMozzarella CheeseOrganic eggs and poultry meat|
|Solar PV manufacturing||Solar PVs|
|White Goods||Air conditionersLED|
|Steel Products||Coated SteelHigh Strength SteelSteel RailsAlly Steel Bars & Rods|
An audit is an examination of records held by an organization, business, government entity, or individual, which involves the analysis of financial records or other areas. A statutory audit is a legally required review of the accuracy of a company’s or government’s financial statements and records. The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.
Statutory audit is governed under the Companies Act, 2013, and Companies (Audit and Auditors) Rules, 2014. For Limited Liability Partnerships (LLP), statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.For Private Company/ Public Company, statutory audit ismandatory irrespective of Turnover, profits etc. Even if the company is incurring loss even, statutory audit is required.
A practicing Chartered Accountant or a Chartered accountant firm or LLPwith majority of partners practicing in India can be appointed as a statutory auditor of a company.
The term ‘control environment’ concerns the integrity, system of values and basic employees’ attitudes on control and management. Every organization has control environment either through regulatory guidelines or initiatives of the competitor or economic trends taking place in the country or at the international level. These elements show the competitive strategy or the stand of the company in the market. Every statutory auditor has to research these elements to know more about the controlled environment of the business.
A test of controls is an audit procedure to test the effectiveness of a control used by a client entity to prevent or detect material misstatements. Depending on the results of this test, auditors may choose to rely upon a client’s system of controls as part of their auditing activities. However, if the test reveals that controls are weak, the auditors will enhance their use of substantive testing, which usually increases the cost of an audit. The following are general classifications of tests of controls:
The auditor has to rank the control and risks from high to low. This is done to let the entity know which control measures are effective in providing remedies in order to curb any internal breakdowns.
A balance sheet audit is an evaluation of the accuracy of information found in a company’s balance sheet. It involves a number of checks, per the auditor’s balance sheet audit checklist, as auditors conduct this evaluation based on supporting documents. Balance Sheet audit will involve verification of:
Totally seamless & smooth system also shows stability & resilience
more than 11 lakh MSMEs already registered since its launch on 1st July, 2020 out of this, more than 9.26 lakh registrations took place with PAN number
This also includes more than 1.80 lakh old UAM holders; 1.73 lakh enterprises owned by women Ministry of MSME launches special drives for increasing Udyam Registration.
Registration without PAN and GST upto 31.3.2021 as transitional arrangement
New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time & Technology as more than 11 lakh MSMEs have successfully registered themselves by now.
It may be stated that Ministry of MSME had revised the definition of MSMEs and process of registration w.e.f. 1st July, 2020. It also launched a new portal for MSME/Udyam registration. Since then, the portal is working smoothly. In a major first, this portal is seamlessly integrated with CBDT and GST networks as also with the GeM. It may be noted that through this integration, now MSME registration is a totally paperless exercise.
Ministry has instructed all of its Field Establishments such as MSME-Development Institutes, MSME Technology Centers, NSIC, KVIC, Coir Board to extend full support to entrepreneurs for Udyam Registration. Similarly, all District Magistrates and District Industries Centers have been requested to expedite registration by the MSMEs. Grievances of MSMEs relating to registration are being handled by CHAMPIONS’ platform through its network of Central Control Room and 68 State Control Rooms across the country.
Enterprises which are not yet registered, should register themselves to avail the benefits of Ministry of MSME and other Government agencies.