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Chartered accountants a big pillar of Indian economy: Modi

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Modi CA @Live

New Delhi, 1 July 2017 : Prime Minister Narendra Modi today said that the government is committed to more tough action against firms helping in hiding black money and added that registration of 1 lakh companies have been cancelled while 37,000 shell firms have been identified for strong action. He also pointed to the latest figures of Swiss banks to indicate the government’s steps to check black money.

Speaking about tax evasion that has taken a huge toll on the economy, PM Modi said that it was a bitter truth that only 32 lakh Indians have declared over Rs 10 lakh income, despite crores in high-end professions.

“Data mining to track the black money began on November 8, when demonetisation was announced. We haven’t made this data public or questioned anyone yet. But we found as many as 3 lakh registered companies whose activities came under suspicion,” he said.

Addressing CAs at an event organised by the Institute of Chartered Accountants of India (ICAI), Modi said “You (CAs) take care of the economic health of the country and you are famous world over for your knowledge and financial skills. You are a big pillar of the Indian economy.”

Modi CA- @Live

In a hard-hitting message to black money hoarders, the Prime Minister told the gathering that if they know anyone with black money, warn them that they would not be spared.
Modi said it was a good coinci ence that July 1 was the foundation day of ICAI and the launch day of the Goods and Services Tax (GST) regime.

Modi launched a new CA course at the event.

“I am hopeful the new course will boost the financial skills of people joining this profession. We need to develop a dynamic system in our institutions and human resources to meet the global benchmarks and requirements,” Modi said.

“We will have to see how we can bring technology in the CA field. If chartered accountant firms think of technological innovation, new software, it will open a new market for you.”

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15

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Swimming pools for training of sportspersons to open with SOP from Oct 15

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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