15th February 2K21
Ø ONGC takes leaf out of Reliance's book, floats subsidiary to buy own gas
Ø Government eases curbs on steel for highway construction to reduce cost
Ø Non-life insurers direct premium rises by 6.7% in January
Ø Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarter
Ø GST officers to immediately suspend taxpayer's registration for 'significant anomalies' in sales return
Ø MG Motor eyes 30% share of India's Electric Vehicle market
Ø RBI to issue new 40-year benchmark bond on Thursday, raise Rs 7,000 crore
Ø Foreign exchange reserves decline by $6.24 billion to $583.94 billion
Ø Grasim Industries net profit rises 2 times to Rs 1,384 crore in Q3
Ø Nalco posts net profit at Rs 240 crore; revenue up 14% to Rs 2,378 crore
Ø Apollo Hospitals Q3 profit rises 42% to Rs 130 cr, revenue down 5%
Ø Domestic mutual funds trim holdings in Reliance Industries, Infosys
Ø Global sales of EVs increased by 39% YoY in 2020: Report
Ø IGX hopes to trade 5% domestic gas
Ø Soaring steel prices: Road Ministry takes steps to widen steel supplier base
Ø ONGC floats new subsidiary to buy own gas
Ø Srei reports loss of ₹3,810 crore in Q3
Ø Price rigging down, insider trading up
Ø Private-equity deals for IT soar as companies modernize infrastructure
Ø Mexico gets AstraZeneca doses from India, expects more Pfizer vaccines
Ø Tata Motors invites Baleno, i20 for a 'crashdate' with Altroz
Ø Issue Digilocker to policyholders to preserve documents: Irdai to insurers
Ø NCLAT asks Devas Multimedia shareholder to approach NCLT
Ø No RBI, ED probe launched into alleged FDI violation in Flipkart-Aditya Birla Fashion deal: MoS Commerce
Ø Indiabulls Housing Fin to raise Rs 5,000 cr from securitisation in current quarter
Ø US car giant Tesla to set up manufacturing unit in Karnataka: CM
Ø Global trade recovers in December quarter
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👉 Know more about “QRMP scheme and how to furnish details in IFF”
https://www.gst.gov.in/newsandupdates/read/449
👉 Due dates for filing of Form GSTR-3B from the Tax Period of January, 2020
https://www.gst.gov.in/newsandupdates/read/450
👉 QRMP & IFF-Answers to Frequently Asked Questions
https://www.gst.gov.in/newsandupdates/read/451
👉 Frequently Asked Questions on SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as brought out by CL&CGC ICAI - (11-02-2021)
https://resource.cdn.icai.org/63014clcgc-sebilodr.pdf
👉 Handbook on Role of Women Directors as brought out by CL&CGC and WMED ICAI - (11-02-2021)
https://resource.cdn.icai.org/63019clcgc50975.pdf
👉 Technical Guide on Valuation (Revised Edition- 2021) as brought out by VSB ICAI - (11-02-2021)
https://resource.cdn.icai.org/63028vsb50999.pdf
👉 Underwriting Auction for sale of Government Securities for ₹22,000 cr on February 11, 2021
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51099
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GST: Writ petition not maintainable if petitioner got alternative efficacious remedy of appeal. Case Name : Tata Steel Bsl Ltd Vs Union of India ((Orissa High Court)
Reserve Bank of India’s strategy to shift some of its currency intervention to the forwards market is adding to its problems.
Its balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds, prompting a vicious cycle of interventions.
Centre’s latest indication on revising and providing further clarifications to foreign direct investment (FDI) rules for e-commerce firms is expected to cause further uncertainty, pushing the latter to review their holding structures for seller entities in which they have an indirect stake.
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⚫Economic & business indicators such as unemployment rate, stock market, GST collections, mfg PMI, forex reserves, railway freight, merchandise exports, exchange rate and passenger vehicle sales have shown positive sequential growth in January 2021. Expectations that the country's GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the Govt in the last ten months.
⚫FM said that the Govt, undeterred by pandemic, has been pursuing reforms for achieving sustained long-term growth in a bid to make India one of the top economies of the world in the coming decades.
⚫RBI to issue new 40 year benchmark bond on Thursday, raise Rs 7,000 crore. The 40-year bonds are the highest tenured bonds issued by the Govt
⚫Budget proposal of collecting Rs 30,000 crore through Agriculture Infrastructure and Development Cess will go to states so that mandi infrastructure can be improved.
⚫Haryana Govt is planning to bring a law under which protesters will have to pay for the damage to public properties during any protest.
⚫The Delhi Govt will launch a month long campaign for registration of construction workers with Welfare Board to enable them to avail benefits of its schemes.
⚫The Ministry of Labour has finalised rules under the four labour codes paving the way for making reforms a reality by notifying those for implementation soon. The four broad codes on wages, industrial relations, social security and occupational safety, health & working conditions have already been notified after getting the President's assent.
⚫The Govt announced that all kinds of steel will be allowed for highways provided these meet the quality parameters. Earlier, the contract provisions required use of steel produced by primary/integrated steel producers only. The move is aimed at ensuring cost reduction in highways construction using steel.
⚫To revive the business sector and boost investor confidence with a business friendly environment, the J&K administration has approved a series of measures for simplifying business establishment process. The pre requisite NoCs or approvals have been relaxed for setting up of a business unit.
⚫The Finance Ministry will infuse Rs 3,000 crore capital into state-owned general insurance co's during the current quarter in a bid to improve their financial health.
⚫FASTag has been made mandatory for all vehicles from Feb 15 midnight. Vehicles not fitted or without functional FASTag entering into the FASTag lane will pay two time equivalent fee of the fee applicable.
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👉 Handbook on Role of Women Directors as brought out by CL&CGC and WMED ICAI - (11-02-2021)
https://resource.cdn.icai.org/63019clcgc50975.pdf
👉 Frequently Asked Questions on SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as brought out by CL&CGC ICAI - (11-02-2021)
https://resource.cdn.icai.org/63014clcgc-sebilodr.pdf
👉 Exposure Draft of Standard for Audit of Smaller and Less Complex Entities issued by the Auditing and Assurance Standards Board - (13-02-0221)
https://resource.cdn.icai.org/63069aasb51028.pdf
👉 Extension of the Last Date for submission of application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2021-22 - (15-02-2021)
https://www.icai.org/post/extension-last-date-for-submission-app-empanelment-cafirms-llps-2021-22
👉 Investment in NBFCs from FATF non-compliant jurisdictions
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12027&Mode=0
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