17th February 2K21
Ø India's Q3 GDP growth at "mild and uneven" 0.7%: ICRA
Ø NBFCs' stressed assets may touch Rs 1.5-1.8 lakh crore by March-end: Report
Ø Nestle’s e-commerce sales surge to more than double over last year
Ø Govt could raise Rs 28,600 crore if it fully exits Bank of India & IOB: CARE Ratings
Ø Denmark plans to explore setting up of wind energy hubs in India
Ø FMCG industry grows 7.3% in Oct-Dec, rural sales up 14.2%: Nielsen
Ø Govt set to clear new Chinese investment proposals in coming weeks: Report
Ø Tatas to buy 68% in BigBasket for Rs 9,500 cr, deal likely in 4-5 weeks
Ø Sitharaman addresses RBI board, explains priorities of government
Ø Credit default swaps to be reported in 30 minutes with deal intent: RBI
Ø ICICI to buy over 9% stake in fintech startup Thillais Analytical Solutions
Ø Ashok Leyland picks 26% stake in Prathama Solarconnect for Rs 19 cr
Ø RBI board reviews current economic situation
Ø India’s exports to US decline 11.3% in 2020, register record growth in December
Ø Adani Ports, JM Baxi Group co among firms to submit bids for building stations
Ø Oil PSUs spent ₹34,000 crore on BS-VI upgrade: Pradhan
Ø IRFC open to fund extended network of ‘bullet train’
Ø Adani Ports completes acquisition of Dighi Port for ₹650 crore
Ø Cairn Energy files case in US to push India to pay $1.2 billion award
Ø L&T Finance’s ₹3,000 cr rights issue oversubscribed
Ø Bitcoin races past $50,000 as crypto asset goes mainstream
Ø RailTel IPO subscribed 2.6 times on Day-1 led by retail investors
Ø Nureca IPO subscribed 14.77 times on second day
Ø Gibraltar Technologies buys HCL Infotech for ₹147 crore
Ø January exports growth hits 22-month high: Commerce ministry data
Ø RBI permits residents to make remittances to IFSCs under LRS
Ø Infosys McCamish acquires platform from STEP Solutions
Ø Chinese investor in Koo's parent firm on way out
Ø Amazon to make Fire TV sticks in India
Ø Tata Electronics to set up component-making plant in TN
Ø Govt to bring amendments to two Acts to enable privatisation of PSU banks
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⚫S&P Global Ratings said Indian economy is on track for a recovery in the next fiscal year beginning April 1, as consistent good performance of the farm sector, flattening Covid-19 infection curve, and a pickup in Govt spending are all supporting the economy. It said the budget for fiscal 2021-22, will also support the recovery, with higher than expected expenditures. India's improving growth prospects are critical to its ability to sustain the higher deficit associated with its more aggressive fiscal stance.
⚫MoS for Food Processing Industries said the Pradhan Mantri Formalisation of Micro Food Processing Enterprises scheme offers golden opportunities to micro food entrepreneurs.
The scheme aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.
⚫The Road Transport Ministry has taken the initiative to explore alternative fuels like lithium ion batteries and hydrogen cells for electric vehicles in the wake of increasing fuel prices. Also on the anvil were aluminium-ion and steel-ion batteries.
⚫The finance ministry asked departments and ministries to surrender of savings anticipated in the Grants if any, for the current year 2020-21 by March 20.
⚫The Haryana Govt will bring patients of the state suffering from cancer, HIV and serious kidney ailments under the ambit of its social security pension scheme and will be given a pension of Rs 2,250 per month.
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No recovery in any mode by cheque, cash, epayment or adjustment of input tax credit should be made at the time of search/inspection proceedings under Section 67 of the Central/ Gujarat Goods and Services Tax Act, 2017 under any circumstances: GUJRAT High Court.
Ministry of Finance has issued a Press Release regarding 15th Instalment of Rs.6,000 crore released to the States to meet the GST compensation shortfall. A total amount of Rs.90,000 crore released so far to all States and UTs with legislature This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States.
ICAI informed to the members that all the missed UDINs between the period 1st Feb. 2019 to 31st Jan. 2021 can now be generated upto 28th Feb. 2021 and this be taken as extension of the Condonation Scheme announced previously.
Empanelment of Chartered Accountant firms/LLPs with the O/o C&AG of India for the year 2021-2022 (17 Dec 2020). The online application along with detailed instructions in this regard will be available on the website www.cag.gov.in from 1 January 2021 to 15 February 2021. The applicant firms/LLPs will have to fill/update the data showing the status of their firm as on 1 January 2021. After filling/updating the data, the firms/LLPs will be required to generate online acknowledgement letter for the year. If the firms/LLPs fail to generate online acknowledgment letter, their application would not be considered for empanelment. Further, the firms/LLPs will also be required to submit a printout of the acknowledgement letter generated online and also hard copies of the documents in support of their online application in the Office of the Comptroller and Auditor General of India at 9, Deen Dayal Upadhyaya Marg, New Delhi – 110 002 latest by 26 February 2021.
Tender Document For Appointment Of GST Auditors For The Financial Year 2019-20 with National Textile Corporation Limited (NTCL).Core IV, SCOPE Complex, 7, Lodhi Road, New Delhi – 110003 Tel. No. 011- 24360101/Extn:2679, website: www.ntcltd.org
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👉🏻RBI permits residents to make remittances to IFSCs under LRS
(RBI permitted resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) in the country)
👇🏻 👇🏻 👇🏻
http://bit.ly/3jXk0C3
👉🏻Cryptocurrencies trade may attract Income Tax, GST
(Finance Ministry sees tax implications in crypto-currency trading. However, it is clear that levying a tax does not mean the Govt. is legalising private crypto-currencies)
👇🏻 👇🏻 👇🏻
http://bit.ly/2Zmb13E
👉🏻Appointment of GST Auditors for NTCL
(National Textile Corporation Limited invites applications for appointment of Gst Auditors for the Financial Year 2019-20)
👇🏻 👇🏻 👇🏻
http://bit.ly/3qn6eel
👉🏻Empanelment for Special Audit with Delhi GST department
(Expression of Interest for Empanelment of Special Audit with Department of Trade & Taxes, Govt. of NCT of Delhi)
👇🏻 👇🏻 👇🏻
http://bit.ly/37lfyIm
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