19th August 2K20
Ø RBI unveils framework for retail payments
Ø AI could add $450-$500 bn to GDP by 2025
Ø Received proposals worth Rs 12L-cr: Prasad
Ø TRAI asks Airtel, Vodafone Idea to submit pending data post priority plan presentation
Ø 41 lakh youth lose jobs in India due to COVID-19 pandemic: ILO-ADB Report
Ø Reliance acquires majority stake in Netmeds
Ø Long-duration fund rally may halt as yields harden on rate-cut pause
Ø Govt keen to speed up stake sale in four PSU banks this fiscal: Report
Ø S&P 500 completes recovery from Covid-19 sell-off, hits record high
Ø Govt urges auto firms to cut royalties to foreign parents: Report
Ø Emami may sell land, non-core assets to bring down promoter pledging
Ø People's Bank of China picks up stake in ICICI Bank via QIP issue
Ø Steel imports up 10% as demand revives
Ø Construction, agriculture, electronics witness maximum demand for skill development
Ø Etrio launches retrofitted electric light commercial vehicle
Ø Sterlite to appeal in SC against Thoothukudi plant closure verdict
Ø 1Petronet LNG reports Rs 500-crore consolidated profit for Q1
Ø Mukesh Ambani on the prowl for retail acquisitions
Ø FPL Technologies secures $10 mn in Series A funding from Sequoia India, others
Ø Gold imports are rising on renewed investor interest
Ø After KKR, L&T Finance, now Yes Bank sells CG Power shares worth ₹76 crore
Ø PharmEasy to merge with rival Medlife to create $1bn entity
Ø RBI releases norms for forming self-regulatory organisation in payments
Ø Paid ₹195-cr AGR related dues, including spectrum sharing charges: Jio to SC
Ø NCLAT sets aside order against former PNB official in Nirav Modi case
Ø Jobless: India’s unemployment rate rises to nine-week high of 9.1%
Ø GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI report
Ø Politicos hail verdict as Madras High Court rejects plea to reopen Sterlite unit
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⚫Data and artificial intelligence can add $450-500 billion to India's GDP by 2025, representing about 10% of the $5 trillion economy aspiration of the Indian Govt, said a report by Nasscom. Nearly 45% of this value is likely to be delivered by 3 sectors - consumer goods and retail ($90-95 billion), agriculture ($60-65 billion), and banking and insurance ($60-65 billion)
⚫As many as 6.1 million young people (15-24 years) may lose jobs in India in 2020 if the containment of the virus takes six months says a report by Asian Development Bank and International Labour Organisation.
⚫Madhya Pradesh CM said necessary legal provisions will be made to provide Govt jobs to local people. He said resources of the state are meant for residents of the state.
⚫After picking up a stake in housing finance major HDFC, the Chinese central bank People’s Bank of China has acquired a very small stake in ICICI Bank through the recently closed Rs 15,000 crore share sale by the country’s second largest private sector lender.
⚫An advisory for Himachal Pradesh, Punjab, Haryana, Uttarakhand and UP said heavy-to-extremely heavy rainfall is likely in the coming days. And the water level in Sutlej, Ravi, Beas, Ghaggar, Yamuna, Bhagirathi, Alaknanda, Ganga, Ramganga, Sarda, Sarju and Ghaghra would rise.
⚫A total of 3,09,41,264 tests for detection of Covid-19 have so far been conducted in India with record 8,99,864 tests done in a single day.
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📌That 41st GST Council meeting scheduled to be held on August 27, 2020
📌CBIC laid down the Procedure for undertaking the operations in special warehouses u/s 65 of Customs Act
📌Delhi High Court dismisses plea seeking lower GST on Sanitizers and Masks
📌GSTN enables Downloading ITC invoice wise details of Table 8A of Form GSTR-9
📌HC refuses pre-arrest bail to trader booked for claiming fraudulent input tax credit of Rs 63.50 cr
📌Govt considering giving MSME status to dealers: Gadkari
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