17th September 2K20
Ø Lok Sabha passes legislation to bring cooperative banks under RBI's supervision
Ø India to be a big hub for production of Russian vaccines: Kirill Dimitriev, CEO, RDIF
Ø Indian airlines seek $1.5 billion interest-free credit line from government
Ø Govt may defer levying import duty on display assembly for a year
Ø Q1 growth fell on decline in all sectors except agri: Govt informs Parliament
Ø OECD forecast a deeper contraction of 10.2% for India in the current fiscal
Ø Govt to bring out strategy paper on boosting industrial growth: Goyal
Ø GDP to contract 8.6% in FY21, fiscal stimulus needed soon: UBS Securities
Ø Fraud-hit PMC approaches other banks for possible merger: Administrator
Ø Global net zero emissions goal would require $1-2 trn investment/yr: Study
Ø Vedanta wins case for $499 mn award claim; SC rejects govt plea
Ø Revenues of Indian airlines fell 85.7% in April-June due to Covid-19: Puri
Ø Initial data show advance tax mop up crossing ₹24,000 cr
Ø Government to sell shares in Mazagon Dock in October
Ø Ocean economy hit hardest by pandemic: World Resources Institute
Ø Sterling and Wilson promoters seek more time to repay dues
Ø Direct tax refunds worth ₹1.06-lakh crore issued till Sept 15
Ø Ericsson launches integrated Packet Core Firewall to boost 5G core security
Ø India's June quarter thermal coal imports down 42%
Ø Flipkart may fast-track IPO plan to 2021
Ø India's African oil imports hit 10-month high in Aug: shipping data
Ø Dish TV India adopts Make in India, plans to shift 50% production to India
Ø Motherson Sumi to cut dependence on auto parts biz, tap four other sectors
Ø Self-reliance in electronics, defence, pharma sectors can lead to import substitution of $186 billion: Study
Ø Indo-China trade deficit dips to $5.48 billion in April-June
Ø Pharma sector offers potential for high exports but India overly relies on China for drug ingredients
Ø Economic recovery in India likely to be gradual: RBI governor Shaktikant Das
Ø Merchandise exports continues to decline in August, trade deficit widens sequentially
Ø Home prices across India fall 2.3 per cent in six months
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⚫Total tax collection of the Centre, including advance tax collection for the second quarter, fell 22.5% to Rs 2,53,532.3 crore till September 15 of the current fiscal as compared to the year-ago period.
⚫The US Federal Reserve kept interest rates pinned near zero and made a bold, new promise: to keep them there until inflation is on track to "moderately exceed" the US central bank's 2 per cent inflation target "for some time."
⚫The trade deficit between India and China in Q1 of this fiscal year fell to $5.48 billion, compared to $13.1 billion in the corresponding period last year.
⚫The i-tax dept said it has issued refunds of over Rs 1.06 lakh crore to more than 30 lakh taxpayers between April 1 to September 15.
⚫The passage of the bill to amend the Banking Regulations Act will enhance the RBI's power to supervise co-operative banks to protect the interests of depositors and strengthen banking entities.The Bill intends to empower co-operative banks to raise equity or unsecured debt capital from the public subject to prior RBI approval.
⚫Showing no signs of a relief, India has recorded 97,859 Covid-19 cases in just 24 hours, taking its tally past the 5.1-million mark.Delhi recorded its highest ever spike of 4,473 Covid cases CK.
⚫The Govt told Parliament that while it is committed to bringing a uniform civil code in accordance with a constitutional mandate, the issue requires wider consultations.
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👉 Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund
https://www.gst.gov.in/newsandupdates/read/402
👉 Updates on e-invoicing
https://www.gst.gov.in/newsandupdates/read/401
👉 Gazette Notification No. 1-CA(7)/195/2020 dated 14th September, 2020 - (16-09-2020)
https://www.icai.org/post/gazette-notification-dated-14sep2020
👉 Reopening of Empanelment of Members to act as Observers for November, 2020 Examinations. - (16-09-2020)
https://www.icai.org/post/reopening-empanelment-members-observers-nov20exam
👉 What Forces Could Drive the Recovery? - Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - September 16, 2020 - at the FICCI’s National Executive Committee Meeting
https://www.rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1100
👉 RBI staff can now switch from CPF to pension scheme
https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-to-offer-employees-option-to-switch-from-cpf-scheme-to-pension-scheme/articleshow/78145941.cms
👉 India's GDP to fall by 8.6% in FY21: UBS
https://economictimes.indiatimes.com/news/economy/indicators/indias-gdp-to-contract-by-8-6-in-fy21-fiscal-stimulus-needed-soon-ubs-securities/articleshow/78147598.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23
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