13th April 2K21
Ø IIP contracts 3.6% in February, retail inflation for March climbs up to 5.5%
Ø Vedanta signs pact with research institutes for value-extraction from bauxite residue
Ø Lenders uncomfortable with land bank offer in JP Infra resolution
Ø Pandemic pushes India's passenger vehicle sales to six-year low
Ø HFCs likely to witness growth of 8-10%: Report
Ø MCA eyes revamp of compliance regime
Ø ONGC seeks buyers for KG gas, wants minimum $6.6 price
Ø TCS reports 15% rise in Q4 net at Rs 9,246 cr; declares dividend of Rs 15
Ø Rupee falls below 75 to dollar on massive equity sell off; RBI intervenes
Ø India must capture all segments of financial market to fuel growth: IMF
Ø Sebi comes out with new guidelines on reporting formats for mutual funds
Ø Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation
Ø Vodafone Idea to pay balance license fee by April 15 with interest
Ø India becomes largest buyer of US crude in first quarter of calendar year 2021
Ø Ambuja Cements takes the lead among Indian fleets to use biofuels
Ø Man Industries bags new order worth ₹766 cr
Ø Auto hub starved of industrial oxygen as Covid-19 crisis worsens
Ø Biocon Pharma gets GMP compliance certificate from MHRA
Ø OneWeb signs MoU with Kazakhstan Government to digitise its economy
Ø Sebi fines Yes Bank ₹25 crore for fraudulent sale of riskier bonds
Ø Microsoft to buy Siri's AI developer in deal worth $19.7 billion
Ø SEBI warns investors against fraudsters posing as officials, demanding money
Ø CCI clears Rising Sun Holdings’ purchase of Magma Fincorp
Ø Coforge to acquire 60% stake in SLK Solutions for Rs918 crore
Ø BSE Star MF glitch disrupts thousands of mutual fund orders
Ø Sensex tanks over 3%, Bank Nifty tumbles 1,650 pts; bloodbath on D-St wipes out Rs 8 lakh cr investor wealth
Ø BPCL to cut crude imports from West Asia to 50% from 65%
Ø Passenger Vehicle Sales In India Decline By Over 2 % In 2020-21: SIAM
Ø India Exports 2.49 Mn Tonne Of Sugar So Far, Maximum To Indonesia: AISTA
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DECODING OF NEW REGISTRATION FORMS FOR TRUST. If a trust is already registered u/s 12 AA and has filed return of income for AY 20-21 then
No need to file copy of Balance Sheet.
Income Tax: No TDS default if Bank not deducts TDS of customer who furnishes Form 15G/15H even if their Interest Income exceeds taxable limit. Case Name : Allahabad Bank Vs ITO (ITAT Delhi)
GST: Fastag data has been integrated with the e-way bill system. On a daily average, 24 Lakh Fastag transactions from 826 toll plazas, related to commercial vehicles are exchanged between NPCI/NHA and NIC systems. These details will help the GST officers to track the movement of e-way bills using the new analytical reports.
Central Board of Indirect Taxes and Customs has issued a Notification No. 41/2021 Custom (N.T) – dated April 05, 2021 Seeks to notify Customs (Verification of Identity and Compliance) Regulations, 2021. These regulations mandate compulsory identity authentication for Importer, Exporter and Customs Broker and also lay down the process for the same.
CA Students who have not yet converted themselves from Earlier Scheme to Revised Scheme of Education and Training implemented w.e.f. 1st July, 2017 to appear in Foundation, Intermediate and Final Examinations being held under Revised Scheme in May/June, 2021 are required to convert themselves latest by 12th April, 2021.
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⚫The retail price inflation rate rose to a four-month high of 5.52% in March due to upward movement in core as well as food rates, barring vegetables and cereals. This may prevent the central bank's monetary policy committee from cutting the policy rates unless growth really takes a hit due to regional lockdowns in 2021-22.
⚫Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon. The Govt had planned to sell its stake in IDBI Bank to private, retail, and institutional investors through the stock exchange.
⚫Paytm Payments Bank registers over 970 million transactions in March 2021. PPBL is also averaging 1 million savings and current accounts a month, and with over 64 million accounts.
⚫Invest in spouse or child's name to avail of exemption, both Sec 54 and 54F allow taxpayers to claim exemption from tax on long-term capital gains.
⚫India's Subject Expert Committee cleared Sputnik V for emergency use against Covid-19, making it the third approved vaccine in the country.
⚫India is now the 2nd worst-hit nation in terms of total Covid-19 cases and 3rd-worst hit country in terms of active cases.
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