24th November 2K20
Ø India drops anti-dumping probe on Mono Ethylene Glycol imports on RIL request
Ø India can attract $120-160 billion FDI annually by 2025: CII-EY report
Ø Indian real estate likely to attract $8 billion capital inflows in FY22
Ø Sweet Spot: India's top refiner IOC buys most crude since COVID-19 outbreak, say sources
Ø Strides Pharma Science gets USFDA nod for Prednisone tablets
Ø Primary steelmakers to offer preferential pricing to MSMEs
Ø Credit risks rising for infrastructure projects in India, says S&P
Ø Govt plans to set up charging infrastructure across 69K petrol pumps
Ø India's 2020-21 edible oil imports pegged at 12.5-13.5 mn tonne: SEA
Ø Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence
Ø Franklin Templeton Mutual Fund moves SC on winding up six schemes
Ø Adani Ports ranks 14th on global transportation in Dow Jones EM index
Ø At ₹2, Saudi firm quotes lowest tariff for solar power in country
Ø FY21 to end with current account surplus, says CEA
Ø Indian pharma exports may cross $25 billion this fiscal
Ø ZNZ Pharma buys majority stake in Celon Laboratories
Ø Biocon to buy 26% stake in Hinduja Renewables Two
Ø Reliance Retail ties up with over 30,000 artisans in three years
Ø JSW Steel to work closely with MSMEs to unravel potential
Ø Sebi gives extra mode to investor to apply in public issue of debt securities
Ø China’s growth story contradicts global shrinkage
Ø AU Small Finance Bank sells 4.46% stake in Aavas Financiers for ₹530 crore
Ø India's Oct crude imports mark biggest fall since July
Ø Asset quality of Indiabulls Housing Finance, IIFL Finance vulnerable: Moody's
Ø Sebi may relax rules for re-classification of promoter as public shareholder
Ø India smartphone exports could cross $1.5 billion in 2020: techARC
Ø RBI asks banks not to approve proposals of foreign law firms to open branch office in India
Ø IT spending in India to grow 6% in 2021 to $81.9 billion: Gartner
Ø Germany may start giving COVID-19 vaccine shots as soon as next month
Ø Poorer and developing nations face vaccine wait as West locks down supply
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⚫FM assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment.
⚫The Govt is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps across the country with an aim to accelerate the uptake of electric vehicles. The Govt has taken several steps to promote electric vehicles which include reduction in GST to 5%, allowing delinking of battery cost of 2-3 wheelers from vehicle cost as it accounts for nearly 30% of the cost etc.
⚫Non-life insurers have seen a 14.5% increase in premium collection in the health segment between April and October this year, reflecting the need for health insurance in the country grappling with a surge in Covid-19 cases. The health segment has seen premium collection of Rs 32,879.39 crore compared to Rs 28,704 crore in the corresponding period last financial year.
⚫The Supreme Court pulled up Delhi and Gujarat for the recent rise in Covid-19 cases. It rapped the Gujarat Govt for allowing large gatherings. It asked all states to file affidavits on the steps taken so far by them in the next two days. The situation is likely to grow grim. All states must be prepared for the coming months, We need to know the situation as on date, it said.
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👉🏻GST registration to get tougher with live photo, biometrics
(GST registration could become tedious if the GST Council accepts its Law Committee's recent recommendations to plug GST leakages via input tax credit (ITC) using fake invoices.
👇🏻 👇🏻 👇🏻
https://bit.ly/35WJ1HZ
👉🏻Retail investors can apply for new bond issues from Jan 1 through UPI - SEBI
(The regulator has allowed the UPI mechanism to block funds for application value up to Rs 2 lakhs submitted through intermediaries)
👇🏻 👇🏻 👇🏻
https://bit.ly/2IZASJX
👉🏻E-invoicing under GST - Mandatory for Turnover over Rs 100 Crore
(E-invoicing under GST mandatory for Turnover over Rs 100 Crore from January 1, 2021 discussed by CA. Satuti Mahajan)
👇🏻 👇🏻 👇🏻
https://bit.ly/2KzZRo2
👉🏻RBI invites applications for Appointment of Concurrent Auditor
(Reserve Bank of India invites applications for Appointment of Concurrent Auditor for the year 2020-21 w.e.f. January 1, 2021 to September 30, 2021)
👇🏻 👇🏻 👇🏻
https://bit.ly/3m27IZf
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LEGAL-KNOWLEDGE CAPSULE
✒️ Delhi High Court has issued notice to the Central Bureau of Investigation(CBI) on *Bhartiya Janta Party(BJP) member of Parliament, Maneka Gandhi's plea challenging a trial court order rejecting its closure report in a graft case against her and two others and directing further investigation in the matter.
✒️ Bombay High Court has held that the National Company Law Tribunal has no jurisdiction to examine the legality or validity of action taken under the Maharashtra Protection of interest of depositors (In financial Establishment) Act, 2016 and it is only the designated court constituted under section 6 of the said act that will have exclusive jurisdiction to deal with the same.
✒️ Allahabad High Court has clarified that amendments proposed to section 166 (Application for compensation) of the *Motor Vehicle Act, 1988* are yet to be notified. Thus, the proposed limitation period of six months for filing a claim petition before the Motor Accident Claims Tribunal has not yet come into force.
✒️ Madras High Court has directed the authorities to permit all the Television Channels to cover the Festivals live and that there should not be any discrimination among the Television Channels, so as to enable the devotees to witness "Soorasamharam" as well as "Thirukalyanam" of "Lord Muruga"
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