18th September 2K20
Ø Govt permits up to 74 pc FDI under automatic route in defence sector
Ø Government aims for new record output from winter-sown crops
Ø ESIC members can file claims to get unemployment benefit under ABKY: Labour ministry
Ø Mistry family sends notice to Tata Sons Board for fiduciary lapses and damages
Ø PMI is not a proxy to IIP: CARE Ratings
Ø Power consumption up 0.9 per cent in first fortnight of September: Power Minister
Ø Global economic recovery may take five years: World Bank chief economist
Ø RBI announces outright purchase of Rs 10k-cr of bonds from secondary mkts
Ø Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model
Ø Investment in P-notes continues to soar; hits 10-month high in August
Ø Divesting majority stake in PSBs will be 'credit negative' for them: Icra
Ø L&T Construction bags orders for metallurgical, material handling business
Ø RBI plans G-Secs switch for ₹24,000 cr
Ø There is complete certainty on taxes in auto sector: FinMin
Ø Supreme Court rejects SBI plea in Anil Ambani bankruptcy case
Ø World services trade volume fell by 4.3% in Q1 of 2020: WTO
Ø Share pledge issue: SP Group slaps notice on Tata Sons’ board members
Ø Ashok Leyland bags order from Procure Box to supply 1,400 trucks
Ø World Bank's IFC warns of Asia-Pacific 'financial crisis'
Ø Almost 6 million white-collar workers lost jobs between May-August 2020: CMIE
Ø Blackstone to sell Essel Propack shares worth $251 mn
Ø Lenders have RBI's 7 June circular to resolve stress: Rajnish Kumar
Ø HC seeks Tata Steel BSL Limited’s response on plea by Brace Iron & Steel
Ø Dual listing norms to pose challenges for startup IPOs
Ø CropLife India opposes govt’s plan to double import duty on agrochemical formulations to 20%
Ø German economy likely to shrink less this year than during 2009 crisis: IfW
Ø BIS moves HC against Tata Steel for defaulting payment of lease rental
Ø India ranks 116 in World Bank's pre-pandemic human capital index
Ø Chinese FDI has been coming down in 3 years
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⚫Hailing the passage of three farm sector bills, Farmers Produce Trade and Commerce (Promotion and Facilitation) Bill, the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill in Lok Sabha, PM described these proposed legislations as historic and asserted that they will rid farmers and the farm sector of middlemen and other bottlenecks.
⚫The Indian Railways is set to have private players for constructing and operating its planned seven new bullet train projects. It is trying to attract private players for its Rs 1-trillion station redevelopment and Rs 30,000 crore private train project.
⚫Advance tax collections from top jurisdictions have fallen by around 25% on average, as against about 40% decline seen in the Q1, indicating optimism on earnings of corporate houses as the economy gradually recovers from the lockdown.
⚫Investment through P-notes in the domestic capital market surged to over Rs 74,000 crore till August-end, making it the highest level in 10 months.
⚫A bill to give effect to various compliance relief measures for taxpayers, including extending time limits for filing returns and linking PAN with Aadhaar, could not be introduced in the Lok Sabha as FM was not present in the House.
⚫India has recorded 96,730 Covid-19 cases in just 24 hours, taking its tally past the 5.2-million mark.
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Press Release
💡The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on 21st August, 2020, shall come into force from 21st September, 2020 upon completion of the 30 day period that was given to importers and other stakeholders to familiarize themselves with new provisions. Further, it is also expected that new BOEs will be there. (For necessary declarations).
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