25th May 2K21
Ø Bank credit grows by 6.02 per cent; deposits by 9.87 per cent
Ø India's threshold inflation level is 6 per cent: Fromer MPC member
Ø DLF leases 3 lakh sq ft office space in Gurgaon
Ø Centre launches first phase of MCA21 Version 3.0
Ø FY21 FDI inflows up 10%, highest jump in investments from Saudi Arabia
Ø NBFCs stop lending on fear of rising defaults
Ø RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks
Ø Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
Ø Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest
Ø SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case
Ø Anmi urges Sebi to reconsider proposal on 100% levy on peak margin
Ø Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21
Ø Microfinance sector stares at sequentially challenging year: India Ratings
Ø Training, placement under Centre’s skill development programme declines in FY21
Ø Philippines opens its rice market to India with duty cut
Ø GMM Pfaudler starts operations at acquired facility at Vatva
Ø Ramco Cements posts ₹761-cr profit in FY21 on better margins
Ø Grasim net up 13% in Q4 on better realisation
Ø ‘User industry concern on high steel prices unfounded’
Ø Banking tech startup Zeta raises $250 million from SoftBank Vision Fund 2
Ø Pfizer will supply Covid vaccine only to central govt, says company
Ø JSW Steel denies Liberty asset bid as mill plans India expansion
Ø Bharat Biotech submits 90% documentation to WHO for EUL of Covaxin
Ø Bitcoin bounces back above $38,000 after weekend selloff
Ø Maintain RoDTEP rates to at least 5 % for zinc, lead exports: ILZDA to govt
Ø DHFL lenders challenge NCLT order on considering Wadhawan’s offer
Ø SAT Grants Interim Stay On Sebi's Order Against Yes Bank In AT-1 Bond Case
Ø Maintain RoDTEP Rates To At Least 5 % For Zinc, Lead Exports: ILZDA To Govt
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👉 CBDT notification 68 dtd 24.05.2021 on Computation of Fair Market Value of Capital Assets for the purposes of section 50B of the Income-tax Act in the case of Slump Sale
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⚫India and Israel have signed a three-year joint work programme till 2023 with an aim to enhance cooperation in the field of agriculture including setting of Centres of Excellence to train farmers about Israeli farm and water technologies.
⚫FDI grew by19% YoY in FY21 to a record $59.64 billion,which includes equity capital of unincorporated bodies, reinvested earnings, and other capital.
⚫Power generation lower than during May 2020 lockdown. This weak power generation fell below the last year level indicating continued deceleration in economic activity from the lockdown.
⚫The microfinance sector is expected to see a shortfall of 10-15% in collections on a consolidated basis in May 2021 due to the effect of lockdowns.
⚫The Govt has allowed walk-ins through on-site registration and appointments for vaccination of the 18-44 age group, on CoWIN.
⚫5424 cases of black fungus have been reported from 18 states, with a majority of them in Gujarat & Maharashtra.
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DHC : E-Pass not mandatory for Advocates during curfew period.
Single Judge Bench comprising of Justice Suresh Kait has disposed of a petition praying for respondent Delhi Police to comply with the curfew order dated 19.04.2021 which has exempted Advocates from producing E-pass for travelling during the curfew period.
The present petition was filed by Advocate Dharmendra Kumar who has claimed in the petition that he was harassed by the respondent because he did not possess an E-pass while travelling during the curfew. According to the curfew order dated 19.04.2021 advocates are exempted from possessing such pass for travelling during the curfew period.
The argument of the respondent Delhi Police was that the petitioner was not harassed and that he was let go once he had produced a I Card.
The Court held that the authorities cannot stop anyone who can produce a valid ID proving that he is an advocate.
The court further held that the present order must be communicated to commissioner of police who shall communicate the same to the DCP who shall in-turn communicate to all police officers.
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ICAI relaxes deadline for Completion of Orientation Course / IT Training by CA Students undergoing Practical Training
Read More: https://www.taxscan.in/icai-relaxes-deadline-for-completion-of-orientation-course-it-training-by-ca-students-undergoing-practical-training/115830/
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