29th January 2K21
Ø Competition Commission approves Indo Gulf Fertilizers-Indorama deal
Ø Power generation may further improve in fourth quarter, says Ind-Ra
Ø NALCO to buy back Rs 749-cr shares
Ø India's rank slips to 86th in corruption perception index 2020
Ø Amazon urges HC to enforce Singapore emergency arbitrator's award restraining Future-Reliance deal
Ø India explores major investments in hydrocarbons & renewables in Russian Arctic region
Ø Global public debt could touch 98% of GDP in 2020 amid Covid crisis: IMF
Ø PE/VC investments in 2020 at par with 2019 at $47.6 billion, says EY-IVCA
Ø India's FDI inflows grew by 81% in Nov 2020 to $10.15 bn, equity at $8.5 bn
Ø India's gold demand hits 25-yr low in 2020 amid lockdowns, high prices: WGC
Ø US jobless claims drop; still at 847,000 as pandemic continues rages
Ø US economy contracts in 2020; worst performance since 1946
Ø L&T’s arm flags off world’s heaviest reactors for HPCL
Ø Maruti Suzuki consolidated Q3 net up 26% at ₹1,997 crore
Ø Bharti Airtel pips RJio to announce 5G readiness
Ø IDBI Bank back in black, posts ₹378-cr net profit in Q3
Ø Apple roughly doubled its business in India last quarter: Tim Cook
Ø Bharat Electronics posts 25% rise in Q3 profit to ₹278 crore
Ø Sundaram Asset Management acquires Principal Asset Management for ₹338.5 crore
Ø Microfinance loan waiver talks in Assam, West Bengal may impact MFIs
Ø Amazon faces ED probe for FEMA violations in Future Retail deal: Report
Ø RBL Bank reports ₹147 crore in Q3 as provisions decline
Ø TVS Q3 net rises 120% to ₹266 cr, declares interim dividend of ₹2/share
Ø PowerGrid files draft papers for InVIT; plans to raise over Rs 5,000 cr
Ø Mukesh Ambani’s Reliance Jio ranked 5th strongest brand globally
Ø Canara Bank Q3 profit dips 9% YoY to Rs 696cr as provisions rise 61%
Ø SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur
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👉 Announcement of Companies (CSR Policy) Amendment Rules, 2021 - (24-01-2021)
https://www.icai.org/post/csr-policy-amendment-rules-2021
👉 Change of Examination Centre for January / February 2021 at Madhubani (Bihar) w.e.f. 27th January 2021 onwards - (25-01-2021)
https://www.icai.org/post/change-of-examination-centre-madhubani-bihar-25jan2021
👉 1st Online Batch of Certificate Course on Derivatives from 6th February 2021 - (25-01-2021)
https://resource.cdn.icai.org/62843ccmip50844.pdf
👉 Announcement regarding commencement notification of certain provisions of Companies (Amendment) Act, 2020 w.e.f. 22nd January, 2021 by CL&CGC ICAI - (25-01-2021)
https://resource.cdn.icai.org/62854clcgc50849.pdf
👉 Release of Standard on Assurance Engagements (SAE) 3410 - Assurance Engagements on Greenhouse Gas Statements. - (27-01-2021)
https://resource.cdn.icai.org/62857srsb50843.pdf
👉 RBI releases Booklet on Payment Systems in India
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51020
👉 RBI Working Paper No.02/2021: Regional Economic Convergence in the Manufacturing Sector: An Empirical Reflection
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51021
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⚫India and Japan reviewed progress of various ongoing projects in the North-eastern region in areas of connectivity, hydropower, sustainable development and harnessing of water resources. The review was carried out at the fifth joint meeting of the India Japan Act East Forum.
⚫India provides a "predictable environment" for doing business and its commitment to economic self-reliance will strengthen globalization, said PM as he addressed World Economic Forum's online Davos Agenda Summit.
⚫India's FDI saw a significant jump in Nov 2020. FDI data shows that total FDI in the month of Nov 2020 grew by a whopping 81% to USD 10.15 billion against USD 5.6 billion in Nov 2019. FDI equity has also jumped to USD 8.5 billion as against USD 2.8 billion in November 20.
⚫BJP has promised a game changing budget to revive the pandemic-hit economy. FM is likely to increase spending by more than 15% yoy in 2021-22 with an emphasis on infrastructure and healthcare, as she looks to reinvigorate an economy projected to contract 7.7% in the current fiscal year.
⚫India is considering a proposal to raise levies on a range of imported goods, with a view to boosting local manufacturing in line with the Govt’s focus on self-reliance.
⚫The Ghaziabad administration has given an ultimatum to protesting farmers to vacate UP Gate or else they would be removed. The crowd at the protest sites in Delhi's Singhu and Tikri borders was visibly thin.
⚫India has flattened its COVID-19 graph & 146 districts have reported no new case of the viral disease in the last seven days.
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Income Tax Department said it has issued over Rs 1.81 lakh crore worth refunds to more than 1.74 crore taxpayers so far this fiscal year. Of this, personal income tax refunds of Rs 62,231 crore have been issued to over 1.71 crore taxpayers and corporate tax refunds of Rs 1.19 lakh crore have been issued in 2.12 lakh cases.
GST system has added a new Facility of “Communication Between Taxpayers” on the GST portal. This facility will enable a taxpayer (whether supplier or recipient) to send a message to another registered person (whether supplier or recipient) through the GST portal itself. Counterparty can send his reply using the same feature. This facility is available for all registered persons except those registered under TDS, TCS and Non-resident Tax payers (NRTP).
Foreign direct investment (FDI) into India increased by 37 per cent to USD 43.85 billion during April-November 2020, according to data by the commerce and industry ministry. Total FDI inflows (including reinvested earnings) during the eight-month period of the current fiscal grew by 22 per cent to USD 58.37 billion.
India’s indigenous payment network RuPay has cornered a significant market share in the domestic card market since its launch. As of November 30, 2020, RuPay’s market share has increased to more than 60 per cent of total cards issued, from merely 17-per cent market share in 2017, revealed the data released by the Reserve Bank of India (RBI) in its booklet on Payment Systems in India (2010-20).
NRIs are permitted to have ‘most of the privileges’ on non‐repatriation and repatriation basis as are available for the residents of India, except not permitted to buy any agricultural and plantation properties. Read more: http://femainindia.com/Image/15.1_Privileges.pdf
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