8th June 2K21
Ø Indian Oil signs up to invest Rs 24,000 crore in Gujarat refinery expansion, petrochemical project
Ø PSU bank privatisation plan could face hurdles amid Covid: Fitch
Ø Curb excess import of edible oils from Nepal, trade body SEA tells government
Ø Homebuyers’ body FPCE says RERA’s project completion objective yet to be achieved
Ø Second Covid wave may restrict CV sales growth to 23-28 % in FY22: Crisil
Ø Govt extends free foodgrains scheme till Nov for 80 crore beneficiaries
Ø Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22
Ø Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 crore
Ø Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees
Ø Anil Ambani to raise stake in Reliance Infra via creeping acquisition
Ø US FDA approves Biogen's drug aducanumab to treat Alzheimer's disease
Ø ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account
Ø Lenders approve Tata Steel arm’s bid for Rohit Ferro-Tech
Ø Tata Digital to invest $75 million in CureFit
Ø India to add 20GW wind capacity by 2025: GWEC
Ø IREDA extends CPSU scheme phase II deadline till June 15
Ø CIE-IIITH, SucSEED join hands to invest in deep tech startups
Ø MRF posts ₹431-cr profit in Q4
Ø America offers the backdrop for global economic trends
Ø Sebi tweak prompts companies to advance listing plans
Ø Paytm said to move ahead with planned $3 billion IPO
Ø Quess Corp’s new dividend policy gives hope to investors
Ø Jaypee insolvency: Suraksha group sweetens bid just before lenders' meet
Ø DHFL shares may get delisted post acquisition by Piramal
Ø NCLT approves Piramal Group’s offer for DHFL on certain conditions
Ø Businesses struggling with rising cost of raw materials: PHDCCI survey
Ø Goodyear Acquires Cooper Tire & Rubber Company
Ø Union Bank Of India Q4 Profit At Rs 1,330 Cr
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👉Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part2)
https://www.gst.gov.in/newsandupdates/read/477
👉Exposure Draft of the Amendments in the IND AS Taxonomy (Comments to be received by June 19, 2021) - (04-06-2021)
https://www.icai.org/post/ed-of-the-amendments-in-the-indas-taxonomy
👉Statement on Developmental and Regulatory Policies
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51684
👉Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) June 2-4, 2021
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51683
👉Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses – Revision in the threshold for aggregate exposure
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12104&Mode=0
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E-KNOWLEDGE CAPSULE
✒ Supreme Court Directs Removal Of Encroachments In Faridabad Khori Gaon Within 6 Weeks saying No Compromise On Forests
✒ Right Of Access To Justice Includes Right To Access Live Court Proceedings e-Committee Of SC Releases Draft Rules On Live Streaming and Invites Inputs And Suggestions From Stakeholders
✒ Madras High Court held that Takeaway orders from restaurants do not attract Service Tax under Finance Act
✒ Supreme Court Pulls Up West Bengal Govt* For *Not Uploading Information Of Children Orphaned During COVID
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⚫Crisil cut FY22 growth estimate for India to 9.5% from the earlier 11% due to the hit to private consumption and investments following the second wave of COVID-19.
⚫Small industries seek moratorium for another year amid Covid crisis
⚫The Centre has taken back control of vaccine procurement and will supply Covid-19 jabs to states free of cost to inoculate all above 18 years of age from June 21. The 25% of the vaccination work that was with states will also be handled by the Govt of India.
⚫The SEBI slapped a penalty of Rs 5 crore on Franklin Templeton Mutual Fund for “several irregularities” in the running of its six debt schemes that were wound up in April 2020.
It directed the fund house to disgorge Rs 512 crore it collected as investment management and advisory fees between June 2018 and April 2020.
⚫Govt has so far spent about 5,000 crore on vaccines till april21.
⚫As lockdowns ease, Indians still prefer home deliveries.This trend was observed not just in the big cities, but also tier 1,2,3 towns.
⚫India records 87345 cases in last 24 hrs.
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