12th April 2K21
Ø Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session
Ø Partial lockdown measures could impact movement of labour, goods: CII survey
Ø Govt to complete 5 surveys in 7 months on jobs: Labour Bureau DG
Ø Bridgestone India unlocks 7 million euros in 9 months, helped by digital payment platform Freepay
Ø Tata Sons build marketplace for SMEs
Ø RMZ raises Rs 1,500 crore from Canada Pension Plan Investment Board
Ø Vedanta Group in talks with govt to set up display fabrication unit
Ø Infosys to consider share buyback on April 14, announce FY21 results
Ø Govt's move to inject Rs 14,500 cr in 4 PSBs won't raise tangible equity
Ø Microsoft in talks to buy Nuance Communications for about $16 bn: Report
Ø InsuranceDekho may have got Rs 1,200 cr in premium in FY21: Co-founder
Ø Franklin Templeton unitholders to get Rs 2,962 cr in second tranche
Ø India becomes largest buyer of US crude in first quarter of calendar year 2021
Ø Exports surge 297% in the first week of April
Ø India's power consumption grows nearly 47 per cent in first week of April 2021
Ø Indian apparel industry eyes collaboration with global suppliers of man-made fibre
Ø Arbitration case: Cairn to forego $500 million if India agrees to pay principal due
Ø SBI collects ₹300 cr from zero balance accounts for certain services in 5 yrs
Ø Mutual fund assets gain 41% in FY21: Crisil report
Ø Future Retail may get 2-yr relief on loan repayments
Ø Myanmar economy may shrink up to 20% as crisis looms
Ø JC Flowers is highest bidder for SIL’s debt
Ø Centre prohibits export of Remdesivir injection and Remdesivir API
Ø Large CPSEs post record capex of 4.6 lakh crore in FY21
Ø Over Rs 35,000-crore export aid held up amid trade recovery
Ø IMF warns on rising debt risks in virus-hit Middle East, Central Asia
Ø Ambuja Cement's Strategic Plan On Track To Expand Capacity To Reach 50 MTPA
Ø FM Urges World Bank Group To Sustain Crisis Response To Mitigate COVID-19 Impact
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👉RBI announces Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 1.0)
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51394
👉RBI to conduct 14-day Variable Rate Reverse Repo auction under LAF on April 09, 2021
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51393
👉Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs)
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12074&Mode=0
👉Engagement of Young Professionals (YPs) in Ministry of Corporate Affairs on contract basis.Pdf(221 KB)
http://www.mca.gov.in/Ministry/pdf/VacancyCircularYPs_09042021.pdf
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⚫The Govt may hike FDI limit in the pension sector to 74%.
⚫Foreign portfolio investors have withdrawn a net Rs 929 crore from Indian markets so far this month amid rising Covid-19 cases denting the economic recovery.
⚫India banned exports of drug Remdesivir, used to treat moderate to severe Covid-19, amid rising domestic demand and reports of shortages from states.
⚫Insurers brace for rise in Covid-19 policy claims. The insurers have received more than a million Covid related claims as of April, 2021.
⚫Bengaluru lone bright spot in direct tax mop-up with 7.3% growth.
⚫Migrants going back can spice up panchayat polls in UP. The UP panchayat polls will be held in four phases in 75 districts from April 15.
⚫Retail broking firm Upstox has alerted customers of a security breach that included contact data and KYC details of customers, but assured users that their funds and securities remain safe.
⚫The HP govt made it mandatory for people coming from seven states which have witnessed a spike in coronavirus cases to show a COVID-19 negative test report on entering the state.
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