- Gujrat High Court in the matter of Mohit Minerals Pvt Ltd decided that Under GST, an importer is not liable to pay tax under Reverse Charge Basis on Ocean Freight if the import has been made on CIF basis.
- RBI bought Rs 10,000 crore of three long-term securities while selling a same amount of three short-term bonds.
- The RBI had announced to simultaneous purchase and sale of government securities (G-Secs) under open market operations (OMOs) for Rs 10,000 crore each.
- OECD chief Angela Gurria said the international body's plan to help solve digital tax problems has got support of 137 countries and new rules must be put in place to stop evasion worth hundreds of billions of dollars.
- Sebi is planning to set up a data lake project for improving surveillance to monitor and analyse social media posts to keep a tab on possible market manipulations.
- The regulator is in the process of acquiring the technology and has already floated tenders for the same.
