8th October 2K20
Ø Govt allows Reliance, others to sell gas to affiliates; marketing freedom to benefit Cairn, Focus
Ø 15 companies submit applications to operate passenger trains
Ø NHAI says may exceed FY21 target of 4,500 km in awarding projects
Ø Certification system for organic cotton planned: Smriti Irani
Ø India becomes the global leader in real-time transactions with 41 million payments per day: Report
Ø TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback
Ø Wipro to consider share buyback proposal, decision on 13 Oct board meeting
Ø Amazon takes on Future Group over deal with Reliance, sends legal notice
Ø Bandhan Bank's collection efficiency ratio at 92 per cent in September
Ø Reliance Retail Ventures likely to divest only 10-15% stake: Sources
Ø Irn ore exports scale new heights on strong China demand
Ø CCEA clears e-bidding mechanism for transparent discovery of gas price
Ø ₹10-lakh-crore stimulus can get the economy back to 2019-20 growth levels, says Pronab Sen
Ø Lulu Group declines comment on stake sale reports
Ø Government set to further sweeten Air India privatization offer
Ø Retail credit picks up; corporates tap into debt capital market: SBI Chairman
Ø ICICI Pru Life to raise up to ₹1,200 crore via NCDs
Ø Banks see gradual pickup in their retail lending biz
Ø China’s forex reserves shrank by USD 22 billion in September
Ø States’ market borrowings jump 55 pc to Rs 3.75 lakh crore so far this fiscal
Ø Cochin Shipyard Ltd increases workforce to ramp up operations
Ø Anand Mahindra invests in Kerala startup making manhole cleaning robots
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👉 Release of Indian Accounting Standards: An Overview (Revised 2020) - (06-10-2020)
https://www.icai.org/post/release-of-indas-an-overview-revised2020
👉 Global Gateway - Quarterly E-newsletter of Committee for Development of International Trade, Services & WTO - September, 2020 - (06-10-2020)
https://resource.cdn.icai.org/61348cditswto-enewsletter2ndissue.pdf
👉 Meeting Schedule of the Monetary Policy Committee (MPC) for 2020-21
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50463
👉 No Mauritius FDI to float finance cos: RBI
https://economictimes.indiatimes.com/news/economy/policy/no-mauritius-fdi-to-float-finance-cos-rbi/articleshow/78524706.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=
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⚫India and Japan have finalised a landmark cyber-security agreement providing for enhancing cooperation on 5G technology, AI and critical information infrastructure as the two strategic partners vowed to further broadbase their joint efforts in ensuring a free and open Indo- Pacific initiatives
⚫CII President termed the recent high frequency data as “promising signs” of recovery in various sectors and hoped these, coupled with reforms in areas like labour and agriculture, will lead to a faster-than-expected rebound in economic activities. Resilience in the rural economy, helped by a buoyant monsoon and Govt spending, and an accommodative monetary policy environment is expected to spur economic activity.
⚫India has emerged as the global leader in real time payments, handling 41 million transactions per day. The real-time activity has further improved in the country, with volumes jumping more than twice this year and the transaction value increasing 80%.
⚫India has successfully provided metered electricity connections to 97% households, but barely 25% are aware of energy efficient appliances, said a recent report by the Council of Energy, Environment & Water.
⚫India registered 78,467 new Covid-19 cases, taking the tally to 6,832,646.
⚫According to a World Bank report, more than 150 million people may fall into extreme poverty throughout the world by 2021 as a result of the economic contraction caused by the novel coronavirus pandemic.
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