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RBI
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11
May
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RBI/2021-22/35
(Delhi)
Amendment to the Master Direction (MD) on KYC
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11
May
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RBI/2021-22/36
(Delhi)
Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
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CUSTOMS
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10
May
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Circular No.09 /2021
(Delhi)
Restoring the facility under Circular No. 17/2020 dated 03.04.2020 namely, 'Measure to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962'.
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INCOME TAX
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10
May
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Notification No. 42/2021
(Delhi)
These rules may be called the Income-tax (14th Amendment) Rules, 2021
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10
May
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Notification No. 43/2021
(Delhi)
In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43of 1961) (hereinafter referred to as the “Act”
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10
May
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Notification No. 44/2021
(Delhi)
the Central
Government hereby specifies the pension fund, namely, the CDPQ Infrastructures Asia III Inc
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10
May
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Notification No. 45/2021
(Delhi)
In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961(43 of 1961)
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10
May
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Notification No. 46/2021
(Delhi)
In exercise of powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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RBI
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7
May
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RBI/2021-22/32
(Delhi)
Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)
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7
May
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RBI/2021-22/31
(Delhi)
Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses
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7
May
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RBI/2021-22/30
(Delhi)
Credit to MSME Entrepreneurs
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7
May
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RBI/2021-22/29
(Delhi)
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance
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7
May
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RBI/2021-22/28
(Delhi)
Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
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7
May
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RBI/2021-22/27
(Delhi)
Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFC-MFIs
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7
May
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RBI/2021-22/33
(Delhi)
Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934
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7
May
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RBI/2021-2022/34
(Delhi)
Exim Bank's Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the Republic of Nicaragua
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Exchange Rates
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7
May
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Notification No.46/2021
(Delhi)
Exchange rates Notification No.46/2021-Cus (NT) d
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LIVE MARKET
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NSE (NIFTY)
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0
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BSE (SENSEX)
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0
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NASDAQ
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0
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FTSE 100
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0
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USD
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0
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EURO
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0
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GBP
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0
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GOLD
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0
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SILVER
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0
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INDIAN ECONOMY
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India’s unemployment rate touched a 19-week high of 8.67% in the week ended May 9, reflecting the economy’s increasing inability to generate jobs. The state of joblessness has been more acute in cities and towns – urban employment rose 164 basis points to a worrisome 11.72% in the latest week under review, co...
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And 66% of the payments are made to farmers in Punjab and Haryana, the two states which are at the forefront of the agitation against the new farm laws, which, the agitators fear, could destroy the MSP system.
...
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The partial-to-full lockdowns imposed by various states to contain the second wave of the pandemic are likely to have a muted impact on the overall business environment, given strong export demand and improved balance sheets in the past six months, according to a report.
Though supply chain disruptions cou...
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Fitch Ratings on Monday warned that India’s slow pace of vaccination could mean that the country remains vulnerable to further waves of the pandemic even once the current surge subsides.
Just 9.4 per cent of the population had received at least one vaccine dose as of May 5, according to figures from Our Wo...
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After dipping into his savings to weather India’s snap pandemic lockdown last March, Manoj Kumar was just getting his head above water again earning 600 rupees ($8) a day as a construction worker in the tourist hotspot of Goa.
He’d squirreled away enough for a trip last month to his native village in Bihar...
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India's economic growth may slip to 8.2 per cent if the second wave peaks in end of June, domestic rating agency Crisil warned on Monday, maintaining its baseline estimate of 11 per cent uptick in activity.
The agency made it clear that the risks to its 11 per cent growth forecast are "firmly tilted downwa...
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MARKET & FINANCE
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Investors in India’s $2.8 trillion equity market are underestimating the economic impact from the world’s worst coronavirus outbreak, which will delay any recovery and could trigger a “correction” in stocks, according to the country’s top-performing fund manager.
The benchmark S&P BSE Sensex has climbed ...
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GLOBAL CORPORATE
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The month of May promises to be a ground-breaking one for Big Oil.
Oil and gas majors on both sides of the Atlantic are preparing to hold their annual shareholder meetings in the coming weeks. It comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and...
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Banking
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The Reserve Bank on Monday amended its master direction on know your customer to further leverage the video-based customer identification process (V-CIP) and simplify the process of periodic updation of KYC.
V-CIP is an alternate method of customer identification with facial recognition and customer due di...
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India is seeing an increasing digitization of financial services, with consumers shifting from cash to cards, wallets, apps, and UPI, Niti Aayog Vice-Chairman Rajiv Kumar said on Monday.
While releasing a report -- Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat -- prepared jointl...
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Banks have added Rs 38,976 crore from 662 borrower accounts as wilful defaulters during the 12 months ended December 2020 when the Covid pandemic hit the country’s financial system.
With this, total wilful defaults amounted to Rs 244,602 crore from 12,917 accounts as of December 2020, as against Rs 205,606...
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The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states.
According to the modified norms, scheduled private sector banks, which are not under the Prompt Corrective Action (PCA) framework of the R...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switerzland |
July 2019 |
Click |
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Group of Seven countries should invest $1 trillion per year until 2030 to ensure a strong and sustainable economic recovery from the pandemic, according to a report that was requested by British Prime Minister Boris Johnson.
US P...
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Saudi Arabia’s non-oil economy — the engine of job creation — grew in the first quarter for the first time since the pandemic hit, even as the overall economy was dragged into contraction by oil production cuts.
The non-oil sec...
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China's central bank digital currency (CBDC) has showed up at the first China International Consumer Products Expo in south China's Haikou port city, giving foreigners at the event a taste of the payment experience it offers.
C...
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INDIAN CORPORATE
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Blackstone on Monday said it has acquired Embassy Industrial Parks, a joint venture of Warburg Pincus and Embassy, which controls 22 million sq ft (MSF) of largely Grade-A warehousing space across major industrial hubs including B...
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InterGlobe Aviation, parent of the country’s largest airline IndiGo, on Monday said its board has approved raising up to Rs 3,000 crore through sale of shares to institutional investors.
The fund raising plan of the company com...
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Walmart Inc.-owned homegrown e-commerce firm Flipkart is in preliminary talks with a clutch of new investors to raise at least $1 billion, even as it weighs an initial public offering (IPO) in the United States around the fourth ...
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Production of the Apple iPhone 12 at a Foxconn factory in India has slumped by more than 50% because workers infected with COVID-19 have had to leave their posts, two sources told Reuters.
The Foxconn facility in the southern s...
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One more good year of high demand and lucrative margin will change the fortune of Tata Steel, which has reduced nearly Rs 30,000 crore debt in 2020-21. The steelmaker, which has been struggling with its $12 billion legacy acquisit...
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Naveen Jindal's Jindal Steel and Power Ltd has made a debt payment of Rs 2,462 crore ahead of its due date as it seeks to become a net debt free company soon. The company said it was part of its long-stated financial strategy of d...
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Tata Steel’s fortunes have turned! After almost two decades of struggle with debt management post the Corus acquisition at the peak of the steel cycle in 2006, it is set to make operational profits of Rs 50,000 crore this year if ...
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GST
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Several importers have dragged the government to court for levying taxes on the import of oxygen concentrators and claimed that doing so breaches a constitutional right of every Indian.
As many Indians and companies decided to import oxygen concentrators amidst the domestic shortage due to Covid pandemic i...
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Finance Minister (FM) Nirmala Sitharaman, on May 9, tweeted that reducing or exempting Goods and Services Tax (GST) rates on domestically produced or commercially imported items essential in the fight against COVID-19, will lead to manufacturers unable to avail of input tax credit, which in turn could lead to...
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SEBI
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Regulator Sebi on Monday came out with disclosure requirements under business responsibility and sustainability reporting, covering environmental, social and governance perspectives, which will be applicable on the top 1,000 liste...
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Markets regulator Sebi on Monday comes out with a fresh proposal for segregation and monitoring of collateral at client level amid instances of misuse of client collateral by trading members. Also, it has proposed to build a mecha...
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