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Weekly Business and Financial updates with CA Manoj Lamba

Published on 01 Jun 2020 / In Daily Update and Breaking News

Weekly Business and Financial updates with CA Manoj Lamba

1. Unlock 1 India is to reopened in phased manner from 1st June to 30th June

2. Cbdt notifies revised form 26as annual information statement with effect from first June 2020

3. FM formally launched the facility of instant pan Aadhar e KYC

4.Additional rupees 4.5 lakh interest on 15 year home loan of rupees 30 lakh which is equal to additional 16 EMI
5. Lower PF contribution of 10% is not mandatory EPFO clarifies

6. Anil Agarwal LED Vedanta has started the process of getting approval from shareholder for delisting of company shares from NSE and BSE
7. Bharti telecom has sold 2.75% steak in Airtel to institutional investors in secondary market raising over rupees 8433 crore rupees to make parent company debt free
8. Indian retail trade lost business worth rupees 9 lakh Krodh in last 60 days due to covid-19 lockdown. This had also caused revenue loss of rupees 1.5 lakh crore to both Central and state governments on account of GST
9. RBI imposes rupees 4 crore penalty on Citibank various non compliances of banking regulation Act 1949
10. Economic activities across all sectors are likely to resume from first June 2020
11. Maruti extends warranty and service timelines till June end and Hyundai exports 5000 units in T20


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