ECONOMY & NATION


IANS 11 September 2021
Coffee Day Enterprises has paid Rs 69 lakh to settle a case, pertaining to alleged disclosure norm violations, with the Securities and Exchange Board of India (SEBI).   Following issuance of a show cause notice, the company filed an application dated February 18 this year for...

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IANS 11 September 2021
The Central Board of Direct Taxes (CBDT) has extended deadlines for several compliances, including the filing of Income Tax returns for the Assessment Year (AY) 2021-22.   The due date of furnishing of returns of income for the assessment year 2021-22, has been extended to December...

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Quaid Najmi (IANS) 11 September 2021
In another embarrassment for Union MSME Minister Narayan Rane, the Pune police's Crime Branch has issued 'Lookout Circulars' against his wife and legislator son in alleged loan default cases of over Rs 65 crore.   The LOCs have been authorised by three parties, including the Union...

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Moneylife Digital Team 09 September 2021
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked shareholders of Zee Entertainment, not to re-appoint independent directors, Ashok Kurien and Manish Chokhani, on the company's board.   Raising concerns of corporate governance, IiAS highlighted that Ashok...

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Moneylife Digital Team/ IANS 09 September 2021
American automotive major Ford Motor Company on Thursday announced it has decided stop manufacturing at its two Indian plants, owned by its subsidiary Ford India Private Ltd, due to losses.   In a statement, Ford India said it would expand its city-based Ford Business Solutions team...

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Moneylife Digital Team 09 September 2021
Onions, a staple in most Indian households, are likely to make consumers cry again, with erratic monsoon leading to an eventual delay in harvest. Delay in arrival of the Kharif crop and shorter shelf life of the buffer stock because of Cyclone Tauktae are likely to fuel a rise in prices, says...

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Moneylife Digital Team 09 September 2021
The Supreme Court (SC) on Thursday stayed all proceedings before the Delhi High Court (HC) on Amazon’s petition seeking enforcement emergency award passed by Singapore International Arbitration Centre (SIAC), which restrained Future Retail Ltd (FRL) from going ahead with its Rs24,731 crore...

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Moneylife Digital Team 09 September 2021
The Banks Board Bureau ((BBB), an autonomous body of the Indian government, has recommended Atul Kumar Goel for the position of managing director (MD) and chief executive officer (CEO) of Punjab National Bank (PNB). Ajay Kumar Srivastava is the candidate on the reserve list for these posts,...

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IANS 09 September 2021
The much-awaited relief package for the telecom sector may bring about a moratorium of around four years on the payment of Adjusted Gross Revenue (AGR).   The moratorium may also be applicable on spectrum payments, sources said.   The measures, if implemented, would be most...

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IANS 08 September 2021
The Union Cabinet on Wednesday approved the much-anticipated production linked incentive (PLI) scheme for the textiles sector.   Under the scheme incentives worth Rs 10,683 crore will be provided over five years.   According to the government, the move will especially...

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Moneylife Digital Team 08 September 2021
A subscriber of Moneylife forwarded to us an email sent by the office of the banking ombudsman, Delhi with a link to an online survey to evaluate the customer satisfaction level with respect to the complaint resolution process of the ombudsman.    Manish Kapoor (name changed) had...

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Moneylife Digital Team 08 September 2021
After a six-year-long battle, a farmer in Andhra Pradesh finally got justice. In a plea filed by 62-year-old Savithramma from SPS Nellore district, the Andhra Pradesh High Court (HC) sentenced to jail term or penalty, five officers from the Indian Administrative Service (IAS) for not...

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Moneylife Digital Team 08 September 2021
While maintaining a stable outlook on the overall banking sector for the rest of FY21-22, India Ratings and Research (Ind-Ra) says, heightened stress in the retail segment and micro, small and medium enterprises (MSME) would push inflexion point.    In a research report, the ratings...

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IANS 08 September 2021
For easing the process of authentication of electronic records in faceless assessment proceedings, the Centre has amended Income Tax Rules, 1962, to provide that records submitted through account of the taxpayers in the Income Tax Department's portal shall be deemed to have been authenticated...

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IANS 08 September 2021
In order to provide relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has permitted filing of tax settlement applications for period upto January 31, by September 30.   It has been decided that such application can now be filed before the Interim Board for Settlement...

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IANS 07 September 2021
The Supreme Court on Tuesday adjourned, till next Monday, the hearing on a batch of plea seeking probe into alleged misuse of Pegasus spyware to snoop on citizens as the Centre informed the top court that it will file a detailed affidavit by then.   A three-judge bench headed by Chief...

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Moneylife Digital Team 07 September 2021
In a significant ruling, the Kerala High Court (HC) has held that not allowing citizens to have the second dose of the COVID-19 vaccine early while allowing certain category people, such as those going abroad, is discriminatory, more so when people are even willing to pay for the second jab....

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Moneylife Digital Team 07 September 2021
The Supreme Court (SC) has dismissed a special leave petition (SLP) filed by the Securities and Exchange Board of India (SEBI) against an order of the Securities Appellate Tribunal (SAT) in the CARE Ratings Ltd matter. In June this year, SAT reduced the penalty imposed by SEBI on CARE Ratings...

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IANS 07 September 2021
British energy major Cairn expects to get $1.06 billion (Rs7,350 crore) as refund by the Government of India, following which the company will withdraw all its international arbitration award claims and cases.   Simon Thomson, chief executive, Cairn Energy PLC said: "Progress in...

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Moneylife Digital Team 07 September 2021
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs2 lakh on Sarvodaya Co-operative Bank Ltd for contravention directions issued by the banking regulator on know your customer (KYC).    “The Reserve Bank of India has imposed, by an order dated September 06, 2021, a...

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