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Latest Updates FY – 2020-21

Latest Updates FY – 2020-21

latest updates

Ø  Fitch revises India GDP growth to 12.8% for FY22
Ø  Development forum set up to promote cooperative sectors’ growth
Ø  India likely to resume new bankruptcy filings after halt expires
Ø  Sebi orders attachment of bank, demat, MF accounts of Rana Kapoor
Ø  Hotel investment trading volume in India declines 84% in 2020, says JLL
Ø  Privatising two PSBs: India Ratings warns of rating impact if govt cedes control

 Ø  Discom overdue increases 5.5-times in 5 states; disputes rising too
Ø  Govt may seek details of interest on interest charged by banks
Ø  Jubilant FoodWorks to bring US-based fast-food chain Popeyes to India
Ø  SC remits to creditors Jaypee Infratech’s resolution plan for approval
Ø  Adani Green Energy to buy 74.94 MW solar projects of Sterling and Wilson
Ø  DHFL debt resolution to spill over into FY22

GSTN advisory on Opting-in for Composition Scheme for the Financial year 2021-22

Ø  Project financing confirmed for ONGC-OIL-supported Mozambique LNG project
Ø  ABB reaches 5GW milestone in delivering solar plant automation in India
Ø  Zetwerk concludes $8.3 million share buyback
Ø  Jet Airways bid winners seek nod to discuss restoration of airport slots
Ø  Ashok Leyland to deploy e-buses for staff transportation
Ø  Glenmark gets USFDA nod for generic antipsychotic drug
 
Ø  No chance of sovereign rating downgrade: Nirmala Sitharaman
Ø  Parliament passes Finance Bill 2021-2022
Ø  Bank of India to issue Basel III compliant bonds to raise up to ₹750 crore
Ø  Bitcoin tops $57,000 after Tesla starts accepting crypto asset as payment
Ø  TVS Motors declares a second interim dividend of Rs. 1.40 per share for FY21

What happens if you don’t file your ITR, by March 2021?

Ø  CAG for setting up of time-frame for the rollout of simplified GST return forms
Ø  ChrysCapital invests $50 mn in Safex Chemicals for a minority stake
Ø  Adani Ports to acquire a controlling stake in Gangavaram Port for Rs 3,604 cr
Ø  One year since COVID-19 lockdown: India still recovering from unemployment blow

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