8th March 2K21
Ø India Inc's business confidence highest in decade: FICCI Survey
Ø ArcelorMittal to invest over Rs 50,000 crore in Gujarat: Vijay Rupani
Ø Sanjay Singal files fresh plea seeking stay on BPSL deal even as JSW starts financing process
Ø Future Group's Kishore Biyani to launch US-based Terra chips in India
Ø Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement
Ø Govt proposes to hike in LIC's authorised capital to Rs 25,000 cr
Ø Cairn wants India to pay $1.4 bn, shareholders to seek enforcement
Ø MFs withdraw Rs 16,306 cr from equities in February on profit booking
Ø Amalgamation has led to all-round gains for merged entity: Indian Bank MD
Ø RINL expects Rs 1,000-crore from sale of 22-acre land in Visakhapatnam
Ø RIL to continue acquisition spree in 2021
Ø India Inc's overseas direct investment declines 31 per cent to $1.85 bn in Feb
Ø FDI in computer software, hardware recorded at $24.4 billion during April-December 2020
Ø Area under paddy, oilseeds up as summer acreage gains 22%
Ø Ola plans to invest $2 billion in TN two-wheeler factory
Ø Thomas Cook India sees growth in MICE segment as Covid vaccines roll out
Ø FPIs turn net sellers in Indian markets, pull out ₹5,156 crore in March so far
Ø India-Australia trade agreement gathering momentum under Morrison: Report
Ø Warburg Pincus to invest ₹800 cr for 0.49% stake in Adani Ports
Ø Britain will iron out technical issues with EU, says PM Johnson
Ø Parliament to commence second part of Budget Session
Ø Govt to tread cautiously in allowing nano-zinc and nano-copper crop nutrients
Ø Copper end-users urge Tamil Nadu govt to work out solution to restart Tuticorin plant
Ø Chinese cyber-espionage unit on US hacking spree: report
Ø India top over-performer in frontier technologies
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⚫The 2nd part of the Budget session of Parliament is set to begin from Monday. The main focus of the Govt is to get various demands of grants for the financial year 2021-22 passed along with the Finance Bill which carries various tax proposals. The Govt has listed bills like
Pension Fund Regulatory and Development Authority (Amendment) Bill, National Bank for Financing Infrastructure and Development Bill, Electricity (Amendment) Bill, and Crypto currency and Regulation of Official Digital Currency Bill for passage in the session.
⚫India plans to launch on March 28 an earth observation satellite that will provide it near real time images of its borders and also enable quick monitoring of natural disasters. GISAT-1 is slated to be lofted into space by GSLV-F10 rocket from Sriharikota spaceport.
⚫Govt to increase the authorised capital of LIC of India to Rs 25,000 crore to facilitate its listing slated for the next fiscal.
⚫The CBIC has come out with guidelines for provisional attachment of property under GST Act which tasks the Commissioner to exercise due diligence and carefully examine all the facts of the case, including the nature of offence and amount of revenue involved, and also record on file the basis on which an opinion to attach property of the taxpayer has been formed.
⚫The 14th edition of the IPL starts April 9.
⚫Maharashtra reports the highest daily new coronavirus cases at 10187, followed by Kerala 2791 and Punjab with 1159.
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👉🏻Supreme Court rejects plea on extending GST Amnesty Scheme
(The Supreme Court declined to issue directives on extending GST amnesty scheme, saying this is “a policy decision exclusively within the domain of the Government")
👇🏻 👇🏻 👇🏻
http://bit.ly/3uPl5AO
👉🏻SEBI puts in place procedure for change in control of AMCs
(SEBI has put in place a procedure for change in controlling interest of asset management companies and issued guidelines for new sponsors of mutual funds)
👇🏻 👇🏻 👇🏻
http://bit.ly/3uYqWEb
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⚫The Indian economy is likely to do better than the projection of an 8% shrinkage in the current fiscal as economic activity gathers pace with mild stiffening of pandemic curve and the rollout of vaccines.
⚫Govt is considering launching a production linked incentive scheme in the chemical sector to boost domestic mfg and exports. PM said PLI scheme would lead to output worth $520 billion in India in the next five years.
⚫Information technology sector remained in the positive terrain throughout the COVID-19 period and its sales increased by 5.2% yoy in the third quarter of 2020-21.
⚫FM said the entire fiscal stimulus announced by the Govt would be funded by borrowings and revenues, and taxpayers will not be charged even a single penny.
⚫The Rajasthan Govt made it mandatory for people coming from Punjab, Haryana, MP & Gujarat to furnish a negative Covid report on arrival in the state.
⚫Maharashtra reported 10,216 new coronavirus cases, the highest number of single day cases in nearly last five months.
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👉🏻DHFL Auditor finds another Fraud of Rs.1424 Cr
(Various such frauds have been unearthed by Transaction Auditor including the recent one in the last month involving fraud of over Rs 6,180 Cr)
👇🏻 👇🏻 👇🏻
http://bit.ly/2O5aeSR
👉🏻SEBI asks mutual funds to cast vote on all company resolutions
(SEBI said mutual funds including their passive investment schemes like index funds and exchange traded funds should cast votes compulsorily on all company resolutions)
👇🏻 👇🏻 👇🏻
http://bit.ly/2MPxIL2
👉🏻Residential Status of Certain individuals for FY 2020 21
(CBDT issues circular on Residential Status of certain individuals for FY 2020-21 as impacted by COVID-19 | Submit Form NR by 31st March 2021)
👇🏻 👇🏻 👇🏻
https://youtu.be/X5Wll3B5sbI
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👉 Companies (Management and Administration) Amendment Rules, 2021Pdf(869 KB)
http://www.mca.gov.in/Ministry/pdf/CompaniesMgmtAdminAmndtRules_05032021.pdf
👉 Companies (Incorporation) Third Amendment Rules, 2021Pdf(42 KB)
http://www.mca.gov.in/Ministry/pdf/CompaniesIncorporation3rdAmndtRules_05032021.pdf
👉 Commencement notification dated 05 March 2021Pdf(23 KB)
http://www.mca.gov.in/Ministry/pdf/CommencementNotification_05032021.pdf
👉 Relaxation in the requirement to undergo 8 months Study Period to appear in November, 2021 Intermediate Examination in respect of students who had opted-out from November 2020 Examinations and opted for January 2021 examination after passing January, 2021 Foundation Examinations. - (05-03-2021)
https://www.icai.org/post/relaxation-in-the-requirement-to-undergo-8-months-study-period
👉 Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) -Adv. Information Technology Test on 27th March 2021 - (05-03-2021)
https://resource.cdn.icai.org/63259exam-advicitss.pdf
👉 Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU) - (05-03-2021)
https://resource.cdn.icai.org/63254icaiexam050321.pdf
👉 Important Announcement - Foundation Exam, June 2021 - (05-03-2021)
https://resource.cdn.icai.org/63253icaiexam-foundation-june2021.pdf
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⚫PM lauded the resolute dedication shown by the Indian armed forces over the past year, in the context of the "challenging situation on the northern border" and while facing pandemic. PM stressed on indigenisation of national security system not just in sourcing weapons but also in the doctrines, procedures & customs.
⚫Average CTC package rose marginally by 4.3% this year as IIM Calcutta recorded 100% placements for its flagship MBA program.
⚫The total number of COVID-19 vaccine doses administered in the country has crossed 2.06 crore.
⚫The Centre has rushed high level public health teams to Maharashtra and Punjab in view of the increase in number of daily COVID-19 cases being reported by these states. The teams are being deployed to assist State Health Depts in coronavirus surveillance, control and containment measures.
⚫A night curfew was imposed in Punjab's four districts, Jalandhar, SBS Nagar, Hoshiarpur and Kapurthala from Saturday to tackle a recent surge in coronavirus cases.
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