Tuesday, 16 February 2021

16 February 2021 News and Updates

16th February 2K21

Ø  India's exports rise 6.16 pc in January; trade deficit narrows to USD 14.54 bn
Ø  States' fiscal deficit to narrow to 4.3 percent of GDP in FY22, says India Ratings Report
Ø  RBI sets up panel to suggest steps for strengthening, consolidating urban co-operative banks
Ø  Cairn Oil & Gas seeks bids for gas from Rajasthan block
Ø  India shifts oil imports from Middle East to Africa, North America due to OPEC cuts
Ø  CIL's overall expenditure drops to Rs 54,241 crore in Apr-Dec 2020 period
Ø  Govt to set up intelligence unit to tackle pesky calls, financial frauds
Ø  Govt shortlists four mid-sized state-run banks for privatisation: Report
Ø  IT sector to grow by 2% to $194 bn, add 138,000 employees in FY21: Nasscom
Ø  Byju's set to acquire edtech rival Toppr for $150 million: Report
Ø  JLR's $3.5 bn plan to take all Jaguars, 60% Land Rovers electric by 2030
Ø  Oil and gas giant ONGC to scale up KG basin gas output this year
Ø  WPI inflation rises to 2.03% in January
Ø  States’ fiscal deficit to moderate to 4.3% of GDP in FY22: India Ratings & Research
Ø  Future Retail to defend petition filed by Amazon in Supreme Court
Ø  Medanta to get ₹100 crore from ADB
Ø  Garware Technical Fibres Q3 net profit rises 49% to ₹43.2 cr
Ø  Srei reports loss of ₹3,810 crore in Q3
Ø  Bank credit grows by 5.93%, deposits by 11.06%
Ø  International experts to participate in SEBI-NISM Research Conference
Ø  SBI MF to sell off Franklin assets through segregated platform
Ø  Wipro signs 5-year partnership with Telefónica Germany / O2
Ø  Amazon had asked for $40 mn as compensation for RIL deal: Future Group
Ø  Singapore’s GDP shows signs of recovery, to grow by 4-6 per cent in 2021
Ø  Japan extends economic recovery as exports, capex shake off COVID hit
Ø  Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday
Ø  US car giant Tesla to set up manufacturing unit in Karnataka: CM
Ø  Global trade recovers in December quarter

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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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⚫India Ratings expect the aggregate fiscal deficit of states would likely to be at 4.3% of GDP for the next fiscal year compared with 4.6% in the current fiscal year.
⚫The telecom ministry will set up an intelligence unit and a consumer protection system as part of continuing efforts to tackle the menace of pesky calls as well as to take strict action against financial frauds perpetrated using telecom resources.
⚫Bank credit grew 5.93% to Rs 107.05 lakh crore, while deposits rose 11.06% to Rs 147.98 lakh crore in the fortnight ended January 29.
⚫Govt has shortlisted Bank of Maharashtra , BOI, IOB and CBOI for privatisation, under a new push to sell state assets & shore up revenues.
⚫Auto fuel and cooking gas prices have zoomed in the first fortnight of Feb, touching record high levels across the country. The premium petrol being sold at above Rs 100 in Bhopal, and three districts in Rajasthan.
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👉 RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51129

👉 RBI announces constitution of an Expert Committee on Primary (Urban) Co-operative Banks
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51130

👉 Margin for Derivative Contracts
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12028&Mode=0

👉 ICAI issued Handbook on Certification of Form CSR_1
https://resource.cdn.icai.org/62996csr50957handbook.pdf

👉 ICAI CMP Committee has taken up various initiatives for the benefit of the Practicing Members of ICAI/CA firms of ICAI and enhancement of the Practice Portfolio.  visit to avail benefits 
https://cmpbenefits.icai.org/
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