18 December 2019 News and Updates
Ø Govt. plans online clearances to coal mining projects
Ø Govt working on debt issue of Air India: Secretary
Ø Jio-BP brand: RIL, BP sign pact to set up petrol pumps
Ø Liquidty still not accessible for all NBFCs: CEOs
Ø Four CPs worth Rs 4,075 crore to list on BSE
Ø Promoters more alert on pledging shares: SEBI chief
Ø Govt. just dashed hopes of AGR-hit telcos
Ø ArcelorMittal and Nippon Steel complete acquisition of Essar Steel
Ø Post trade deal, caution abound as emerging markets ready year-ending rally
Ø ICRA maintains negative outlook for housing on weak demand, slow sales
Ø Shipping Industry to witness cost rise of $15 bn over IMO regulations
Ø Reliance Jio tower assets sold to Canada's Brookfield for Rs 25,000 crore
Ø Inflation based on wholesale prices rises to 0.58 per cent in November 2019
Ø Centre releases ₹35,298 cr as GST compensation to States, UTs
Ø Weak household consumption to curb growth: Moody’s
Ø China Aircraft Services ties up with Ramco Systems
Ø Maruti Suzuki sells over 6 lakh automatic transmission passenger vehicles
Ø UK High Court dismisses Chinese banks' $680-mn claim against Anil Ambani
Ø SEBI taking action quite quickly to address issues: Ajay Tyagi
Ø Japan’s SMBC picks up 5.4% stake in PE-backed Northern Arc Capital
Ø Essar Steel resolution to boost Q3 numbers with ₹12,000 cr recovery: SBI chief
Ø Cipla acquires brand, trademark rights for anti-diabetic drug Vysov in India
Ø E-commerce policy to be finalised after passage of data Bill in Parliament: Official
Ø Andhra Pradesh attracted investment of Rs 1.39 lakh crore against MoUs for 12.32 lakh crore
Ø FM Nirmala Sitharaman says government focusing on improving data credibility
Ø Centre simplifies clearance process for coal mining projects
Ø India is tenth largest Life Insurance Market
Ø SENSEX ends 71 points lower; FMCG, energy stocks slide
Ø RBI saw slowdown, acted ahead of time by cutting interest rates from Feb: Das
Ø Govt talking to 25 large corporates to boost investment
Ø Bumper rabi harvest spells gains for farmers: CRISIL
Ø Jaypee Infra: Banks, homebuyers approve NBCC's bid
Ø JSPL hopes to become debt free in 4 yrs: Naveen Jindal
Ø SEBI orders to impound Rs 8 cr from PC Jeweller
Ø CII for better participation by India in trade pacts
Ø Advance corporation tax mop-up drops over 5% in Dec quarter to Rs 73,000 cr
Ø IMF may downgrade India's growth forecast significantly in Jan: Gopinath
Ø Amid falling collections, FinMin sets Rs 1.1 trillion monthly GST target
Ø Aluminium scrap imports up 6.5% despite 13% slump in auto production
Ø Patanjali gets one more week to complete Rs 4,350-cr Ruchi Soya deal
Ø Tata Motors expects turnaround in CV sales by second half of next fiscal
Ø BP to pay ₹7,000 crore to Reliance Ind for 49% in auto fuel/ATF joint venture
Ø Power demand declines for fourth quarter in a row
Ø Negotiations still open on validity of existing carbon credits
Ø Lupin’s arm completes stake sale in Kyowa
Ø Retail loans seen doubling to ₹96-lakh cr in 5 years
Ø Indian sugar exports poised to hit record 5 million tonnes this year
Ø Mis-selling plaints to banking ombudsman almost double in 2018-19
Ø Confident of recovering over 50% of IL&FS' dues: Uday Kotak
Ø TRAI floats consultation paper on floor price for mobile services
Ø PE/VC funding more than doubles to $4.8 billion in November
Ø FAIFA asks government for tax policy that disincentivises illegal cigarette trade
Ø 5G trials to start in January-March quarter this fiscal: DoT
Ø GST Council meet today: Measures to boost revenue on agenda
Ø RBI looking to harmonise provisioning by all banks
Ø SENSEX, Nifty hit lifetime peaks; metal, Financial Stocks hog limelight
Ø 'Kotak Mahindra Bank best suited to acquire Yes Bank'
Ø Impact of GST will take time to show results: Bibek Debroy
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CBDT has decided to extend the date for payment of 3rd installment of Advance Tax for FY (financial year) 2019-20 from 15th December, 2019 to 31st December, 2019 for the North Eastern Region.
Income Tax Deptt made it mandatory to link your PAN with Aadhaar by the end of this year. "Building a better tomorrow! To reap seamless benefits of income tax services, complete the vital link before 31st December, 2019.
GST: Prior upload of e-invoice for B2B Supply (Sales above 100cr) & QR Code for B2C Supply (Sales above 500cr) Mandatory wef 1.4.2020. Notifications 68-72 of 13.12.19.
GST: Sabka Vishwas SVLDRS will not be extended beyond 31.12.2019. North Block urges Commissioners to go all out in the remaining 15 days of the scheme. Tell the assessees there would be NO extension beyond 31 Dec. Last opportunity of a lifetime for them.
GST Council meeting going to discuss Several measures aimed at plugging revenue leakages under the goods and services tax (GST) regime are expected to figure at the upcoming GST Council meeting on Wednesday as the Centre and the states look to perk up collections. A concept paper based on the report of the committee of officials on revenue mobilisation is likely to be presented to the council.
Total PF investment in a financial year for self and minor children cannot exceed Rs. 1.50 lacs. Public Provident Fund Scheme, 2019.
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👉🏻SEBI bans Auditor for one year in Coral Hub case
(Sebi has imposed a one-year ban on CA Firm from auditing any listed company for preparing fake and inflated financial results of Coral Hub Ltd)
👇🏻 👇🏻 👇🏻
http://bit.ly/2M24W6y
👉🏻Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage
(More than 9,600 cases involving a total amount of nearly Rs 3.75 trillion have been disposed of at the pre-admission stage of the insolvency law process)
👇🏻 👇🏻 👇🏻
http://bit.ly/34ogjvD
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#GST_Council likely to extend due date for filing the GSTR-9 & GSTR-9C for FY2017-18 & FY2018-19 till 31st Jan'2020." The due date for GSTR9 & 9C for both the fiscals is 31 Dec, 2019.
#CNBCTV18
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👉 The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted another extension, of one week, to Baba Ramdev-led Patanjali Ayurved for completion of Rs 4,350-crore resolution plan to acquire debt-ridden edible oil firm Ruchi Soya.
👉 Jaypee Infratech financial creditors, including lenders and homebuyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according to sources.
👉 The National Company Law Appellate Tribunal (NCLAT) will pronounce its judgement over the petition moved by former Tata group Chairman Cyrus P Mistry and the two investment firms challenging his removal from the group.
