⚫The Govt has identified a host of Customs exemptions for review and has invited suggestions from trade and industry bodies on the same. Importers, exporters, domestic industry and trade associations are invited to give views on the subject for consideration by August 10 on the ‘MyGov.in’ portal.
⚫India's power consumption grew nearly 18% in first week of July to 30.33 billion units compared to a year ago and returned to pre pandemic level mainly due to easing of lockdown curbs and delayed monsoon.
⚫Higher input cost set to weigh on Q1 earnings. Nifty 50 firms' net profit expected to decline 10.1% QoQ.
⚫Retail investors continue to flock to the stock markets. The penetration has improved substantially with total demat accounts tally jumping 44% from 43 million a year ago.
⚫Twitter India published its transparency report in accordance with the Information Technology Rules 2021.
⚫India records 37,676 fresh cases.
.
========>
.
👉Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021
https://www.gst.gov.in/newsandupdates/read/488
👉Webinars on recent functionalities related to Returns, Ledgers and Payments deployed on GST Portal.
https://www.gst.gov.in/newsandupdates/read/489
👉Cessation of LIBOR: Transition arrangements
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51870
👉Non-bank lenders may take a bigger hit in Q1 on second wave
https://economictimes.indiatimes.com/industry/banking/finance/banking/non-bank-lenders-may-take-a-bigger-hit-in-q1-on-second-wave/articleshow/84333800.cms
.
========>
.
⚫India’s retail inflation eased marginally to 6.26% in June owing to moderation in rural inflation.
⚫IIP grew 29.3% in May as compared to the same period a year ago, On a sequential basis, IIP fell nearly 8% from April 2021, making the impact of the state wise lockdowns.
⚫The Govt is set to introduce 17 new Bills in the Monsoon Session of Parliament, which begins on July 19. This includes changes in the IBC, replacing the Ordinance enabling prepackaged resolution schemes for MSMEs and allowing corporate debtors to propose a resolution plan for the stressed Co's.
⚫583 stocks, most of them from the small-cap space, were locked at their upper circuit on the BSE on Monday.
⚫RBI offers hassle free trading in govt bonds for retail investors.
⚫Liquidity in the banking system rises as govt steps up spending.
⚫Petrol, diesel prices may soften by month end as Brent stabilises. But prices may remain uncomfortably high for most consumers.
⚫Office visits at 78% of pre Covid days as cases fall. Roads see more traffic and power generation a brighter week.
.
==============>
.
📲 Download my official Android app "Updates by CARJ" 📚 to stay connected with latest news and updates 📝
Thanks for reading
