Five things to watch out for January 1, 2019

| Updated on December 31, 2018 Published on January 01, 2019

Bonds can be bought only through a cheque, demand draft or electronic transfer

A peek into the most important events happening in India

The seventh tranche of electoral bonds sale will take place today and extend till January 10. The bonds are pitched as an alternative to cash donations made to political parties as part of the efforts to bring transparency in political funding. SBI has been authorised to issue and encash the electoral bonds. Electoral bonds aggregating to Rs 1,056.73 were purchased by citizens till November 2018.

TVs, power banks, cinema tickets and computer monitors will be cheaper from today. The savings account and Jan Dhan account holders need not have to pay GST on the chequebook, ATM cards, SMS alerts and other banking facilities starting today. Apart from the customers, the traders will also get a relief on the late fee for returns filing.

Starting today, Andhra Pradesh will have its own High Court. This will be the 25 High Court of the country. A permanent structure of the High Court is under construction in Amaravati and till then it will initially function from a temporary structure. Since the bifurcation in 2014, Andhra Pradesh and Telangana were having a common High Court in Hyderabad.

All practising charted accountants must register all certificates issued by them with the UDIN from today. In an effort to tackle the menace of forged certifications of financial statements and documents, the CA Institute had come with the concept of Unique Document Identification Number (UDIN).

From today, Maruti Suzuki, Tata Motors, Toyota and Volkwagen cars to cost more. Citing the market conditions, input costs and increasing fuel prices, Tata Motors will hike the prices of passenger vehicles by up to Rs 40,000 while German auto major Volkswagen will hike the prices of its models up by 3 per cent. Isuzu announced a price hike of Rs 1 lakh across its models and Maruti Suzuki’s Ertiga, Swift and Ciaz will cost more among others.

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Published on January 01, 2019
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