17th December 2K20
Ø Sebi fixes shareholding rule for IBC firms
Ø Cabinet approves Rs 3,500 crore subsidy for sugar farmers
Ø India signs $1 billion loan with NDB to support MGNREGS and rural infrastructure
Ø Videocon lenders approve Twin Star Technologies bid
Ø India ranks 131 in United Nations' human development index
Ø EPFO settles 52 lakh COVID-19 claims, disburses Rs 13,300 cr: Gangwar
Ø Liberty Group buys SBQ Steels in its second bankruptcy acquisition
Ø India has been transparent in its forex intervention: US Treasury
Ø Winding down liquidity to be challenge for RBI going forward: Subbarao
Ø Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs
Ø GoDaddy acquires US-based payment processor Poynt for $365 million
Ø Bank of Japan to buy $6 billion in cash to combat potential market turmoil
Ø India GDP recovering better than expected; to contract 7.4% in FY21: SBI
Ø Auto component industry achieves highest-ever trade surplus exports at ₹39,003 cr in H1
Ø PE firm Partners Group to pick stake in Ecom Express for ₹1,825
Ø French shipping company imposes $200 per TEU emergency space
Ø Aditya Mittal Nippon Steel completes ‘most challenging’ first year operations in India
Ø Future to prepay NCDs using proceeds of ₹25,000-cr RIL deal
Ø Tata Steel teams up for tracking emissions from mine to final
Ø India may need to spend $1.8 billion on covid-19 vaccines in first phase
Ø RBI relaxes eligibility norms under regulatory sandbox
Ø Aramco may have to sell assets, borrow more to maintain Saudi dividend
Ø Jubilant FoodWorks forays into biryani business with 'Ekdum'
Ø Bitcoin breaks above $20,000 for first time
Ø Disinvestment of Air India finally seems to take off
Ø Tax refunds worth Rs 1.48 lakh cr issued so far this fiscal: I-T dept
Ø Cabinet approves auction of spectrum worth Rs 3.92 lakh crore
Ø Axis Bank says reports on Srei exposure ‘grossly inaccurate’
Ø India's December 1-15 diesel sales down 5.2%, petrol up 9.5%
Ø Walmart commits to export India-made goods worth $10 billion each year by 2027
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⚫The Supreme Court indicated it may form a committee having representatives of the Govt and farmers to resolve the deadlock over the three new agricultural laws that have led to massive protests, saying “it may become a national issue”.Union Agriculture Minister on the other hand, hoped for an early solution to the crisis, saying the protests are an exception and limited to just one state.
⚫Under a new directive from the Govt, telecom service providers have been mandated to purchase equipment only from “trusted sources”. The Govt will also create a list of sources from whom no procurement can be done.
⚫The domestic equity markets have seen an unprecedented liquidity gush, underpinned by the weakening of the dollar and aggressive monetary and fiscal stimulus undertaken by global authorities.Investments by foreign portfolio investors have topped the $20 billion mark — the most since 2012 in dollar terms.
⚫The Govt approved a subsidy of Rs 3,500 crore to sugar mills for the export of around 6 MT in the ongoing 2020-21 marketing season that started in October.
⚫Delhi recorded a minimum temperature of 5.8 degrees Celsius as cold winds continued to sweep across the city.
⚫Cooking gas LPG price was increased by Rs 50 per cylinder, the second hike in rate this month following firming of international prices. Aviation turbine fuel price was raised by steep 6.3 %
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👉🏻SEBI tweaks public shareholding norms for companies under insolvency process
(SEBI decided to tweak norms pertaining to 25% minimum public shareholding for companies which undergo corporate insolvency resolution and seek relisting following the process)
👇🏻 👇🏻 👇🏻
http://bit.ly/3r31ICz
👉🏻Procedure of Communication between Suppliers and Recipients on GST Portal
(GSTN enables facility of Communication between supplier and recipient on GST portal)
👇🏻 👇🏻 👇🏻
https://bit.ly/3adIlAK
👉🏻Tax Professionals Seek extension of due dates for Income Tax, GST Compliance
(Tax professionals have urged the Govt to extend various deadlines under the Income Tax Act and GST due to Covid-19)
👇🏻 👇🏻 👇🏻
https://bit.ly/3gTadv6
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