16th December 2K20
Ø Draft dividend payout norms unlikely to significantly impact most NBFCs: Report
Ø Independent directors must be pro-active to ensure cos function in socially responsible manner: CAG
Ø Projects worth Rs 44 lakh crore under implementation under National Infra Pipeline: Nitin Gadkari
Ø Bharat Petroleum Corporation to consider buying out Oman Oil's stake in Bina refinery
Ø Exports dip 8.74% in November, trade deficit at 10-month high
Ø Cabinet likely to consider spectrum auction proposal
Ø FSDC deliberated on challenges in transition from Libor-based contracts
Ø Restarting stalled mines can help achieve $5 trn economy target: Agarwal
Ø Allow insurance, pension funds to invest in lower-rated debt: SBI chief
Ø Securities Appellate Tribunal stays Sebi's Rs 6-crore fine on NSE
Ø Oil prices rise above $50 as Covid vaccine optimism offsets new lockdowns
Ø Majesco declares interim dividend of Rs 974 per share after sale of US arm
Ø Indian chemical sector can emerge as global manufacturing hub: Gowda
Ø Farmers’ protest may impact economic recovery: CII
Ø Garment makers want GST to be cut to 5% from 12%
Ø NMDC submits buyback offer letter to BSE
Ø Mahindra arm Ssangyong misses repayment of loans worth ₹408 cr
Ø India Alternatives sells stake in TUCIBIL to Khazanah for ₹340 crore
Ø Industry, govt have to work together to make India a $5-trillion economy: Goyal
Ø Disinvestment to gain momentum now: Nirmala Sitharaman
Ø Embassy REIT, PNB and IDBI Bank launch share sales to raise up to $1.7 billion
Ø Potential Air India-Tata deal raises hopes of consolidation in aviation
Ø Auto industry suffered ₹2,300 cr loss per day during lockdowns: Par Panel
Ø Mukesh Ambani says will provide technology tools for COVID-19 vaccination drive
Ø Doors of CCI & NCLAT must be kept wide open in public interest: Supreme Court
Ø Future Enterprises Ltd plans to prepay NCDs from proceeds of Rs 24,713 crore deal with Reliance
Ø Inflationary woes: India's wholesale inflation rises to 1.55% in November
Ø Google says 3 days a week in office, rest can be WFH: Report
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⚫S&P Global Ratings raised India's growth projection for the current fiscal to (-) 7.7% from (-) 9 % estimated earlier on rising demand and falling COVID infection rates.
⚫PM said Govt is addressing farmers concerns over the new agri laws.Farmers gathered are being misled as part of a conspiracy. Farmers are told that their land will be grabbed by others if new farm reforms get implemented.Opposition parties, when they were in power, were in favour of these farm sector reforms, but did not take any decision back then. Now when the country has decided to embrace these reforms, these people are spreading falsehood and misleading farmers.
⚫Indian Bank reported to the RBI the account of IL&FS Financial Services as fraud with outstanding dues of over Rs 408 crore. In October, Punjab and Sind Bank had also reported to the RBI the account as fraud with outstanding dues of over Rs 561 crore.
⚫Industry body Assocham urged the Centre and farmers organisations to resolve the impasse over the new agri laws, saying that the protests are inflicting a heavy blow to the economies of Punjab, Haryana, Himachal Pradesh and J&K. A daily loss of Rs 3,000-3,500 crore is resulting in the economies of the region from the value chain and transport disruption because of the protests.
⚫India reported 22,065 fresh Covid-19 cases.
⚫The I-Tax Dept has detected tax evasion of more than Rs 700 crore after it recently raided multiple locations of Chennai-based Chettinad Group.
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👉 Webinar for taxpayers on QRMP Scheme
https://www.gst.gov.in/newsandupdates/read/427
👉 Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B
https://www.gst.gov.in/newsandupdates/read/428
👉 Last date extended till 31st December, 2020 to apply for 14th ICAI Awards being organised by Committee for Members in Industry & Business (CMI&B) - (15-12-2020)
https://awards.icai.org/
👉 Registration for Online Home-Based Practical Training Assessment - (15-12-2020)
https://www.icai.org/post/registration-online-home-based-pt-assessment
👉 Important Announcement regarding the Last Date of Payment of Membership/ COP Fees - (15-12-2020)
https://www.icai.org/post/imp-announcement-last-date-mem-cop-fee
👉 RBI Working Paper No. 13/2020: Price Discrimination in Over-the-Counter Currency Derivatives
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50807
👉 RBI Working Paper No. 14/2020: Asset Quality and Credit Channel of Monetary Policy Transmission in India: Some Evidence from Bank-level Data
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50808
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