Monday, 8 February 2021

8 February 2021 News and Updates

8th February 2K21

Ø  Disinvestment aimed at growth, not to plug fiscal deficit: DIPAM Secretary
Ø  Govt to work with RBI for execution of bank privatisation plan: Sitharaman
Ø  Business confidence improves with rollout of vaccines: NCAER
Ø  Major port trusts, AAI out of the scope of PSE strategic divestment policy
Ø  With $590 billion forex reserves in kitty, India now "net creditor": MoS Thakur
Ø  Emami scouting for acquisitions to strengthen footprint, says company's director
Ø  Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy
Ø  Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among buyers
Ø  Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Exp secy
Ø  FPIs remain net buyers at Rs 12,266 cr in first 5 trading sessions of Feb
Ø  PNB expects Rs 3,800 cr recovery from Bhushan Power resolution: CEO
Ø  Centre asks Kerala to start acquiring land for Rs 64,000 cr rail project
Ø  India's coal import rises by 15 per cent in December
Ø  A steady rise in goods and services procurement from GeM platform
Ø  Power demand remains higher in first week of February 2021
Ø  Sun Pharma recalls testosterone injection in the US for labelling error
Ø  Petroleum Min hopes to resolve issue without impacting Barmer
Ø  M&M Q3 profit surges 228% sequentially
Ø  'India exporting Covid shots to 14 countries, set to meet 70% of world's needs'
Ø  Edelweiss Wealth Management targets to raise ₹1,000 cr for equity-focused AIF
Ø  NTPC’s Tapovan Vishnugad hydropower project damaged in Uttarakhand floods
Ø  Mumbai International Airport: Adani Airports acquires 23.5% for ₹1,685 crore
Ø  Sitharaman’s tariff increases are based on a new economic gambit
Ø  India's coal import rises by 15% in December
Ø  Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21
Ø  Ministries of defence, railways, CPSEs among largest buyers from GeM platform
Ø  11 merchant bankers in fray for managing Govt’s 26.12% stake sale in Tata Comm
Ø  Seeing positive signs, but Indian aviation sector still in eye of storm: Airbus India
Ø  CM Jagan writes to PM seeking revival of Vizag steel plant
Ø  RBI appoints external firm to audit HDFC Bank's IT infra in view of service outages

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⚫Union Civil Aviation Minister said his ministry has set a target of operationalising 100 unserved and underserved airports and starting at least 1,000 air routes under the UDAN scheme.He also said that privatisation is required in the field of aviation as it is not the Govt's specialisation to run airports.
⚫FM said the country required at least 20 institutions of the size of the nation’s largest lender, SBI, to be able to meet its aspirations.
⚫Continuing the selling spree for the eighth consecutive month, mutual funds pulled out Rs 12,980 crore from equities in January as surge in markets provided an opportunity to book profits.
⚫FPIs pumped money into capital goods, auto sectors before Budget. 
⚫PhonePe has, once again, emerged the top UPI app in January, with 968.72 million transactions worth Rs 1.91 trillion, accounting for 42% of the UPI market alone.
⚫Over 150 people are feared dead due to a flash flood, following a glacier coming apart and an avalanche on the Alaknanda river in Uttarakhand. The privately owned Rishi Ganga power project (130 Mw), was the first to face the brunt of the avalanche.Tapovan (520 Mw), Pipal Koti (4x111 Mw), the hydro project of state-owned THDC, and Vishnuprayag (400 Mw) of Jaypee Group also faced damages.
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👉 Final Bank Branch Auditors' Panel of Chartered Accountants/firms for the year 2020-21 - (07-02-2021)
https://www.icai.org/post/final-bank-branch-auditors-panel-ca-firms-2020-21

👉 Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12021&Mode=0

👉 Credit to MSME Entrepreneurs
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12022&Mode=0

👉 Basel III Capital Regulations- Review of transitional arrangements
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12023&Mode=0

👉 SLR holdings in HTM category
https://www.rbi.org.in/Scripts/BS_CircularIndexDisplay.aspx?Id=12024

👉 Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR)
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12025&Mode=0

👉 Financial Literacy Week 2021
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51089
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