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Asset Quality & Credit Channel of Monetary Policy Transmission in India

December 15, 2020 1641 Views 0 comment Print

RBI Working Paper No. 14/2020: Asset Quality and Credit Channel of Monetary Policy Transmission in India: Some Evidence from Bank-level Data

Price Discrimination in Over-the-Counter Currency Derivatives

December 15, 2020 1194 Views 0 comment Print

RBI Working Paper No. 13/2020: Price Discrimination in Over-the-Counter Currency Derivatives provides empirical evidence on the presence of considerable price discrimination in the Indian over-the-counter (OTC) currency derivatives market. Clients transacting with a single dealer counterparty paid an average markup of 18 paise, which falls to 9 paise for clients transacting with two dealers, and close to zero for clients transacting with ten or more dealers.

Tariff Notification No. 112/2020-Customs (N.T.), Dated: 15.12.2020

December 15, 2020 1152 Views 0 comment Print

Tariff Notification No. 112/2020-Customs (N.T.), Dated: 15.12.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 112/2020-Customs (N.T.) New Delhi, the 15th December, 2020 S.O. 4538(E).—In exercise of the powers conferred […]

Anti-dumping duty on imports of Dimethylacetamide-Reg.

December 15, 2020 597 Views 0 comment Print

Seeks to amend notification No. 12/2018-Customs (ADD) dated 20th March, 2018 imposing anti-dumping duty on imports of Dimethylacetamide originated in or exported from China PR and Turkey, to exclude goods of certain specification from the product under consideration. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 15th December, 2020 Notification No. 47/2020 -Customs (ADD) […]

Draft Aircraft (Investigation of Accident and Incident) Amendment Rules, 2020

December 15, 2020 513 Views 0 comment Print

Draft Rules- 1. (1) These rules may be called the Aircraft (Investigation of Accident and Incident) Amendment Rules, 2020. (2) They shall come into force on the date of their final publication in the Official Gazette.

Penalty for accepting assignment as Resolution Professional after 31.12.2019 without holding a valid AFA

December 15, 2020 606 Views 0 comment Print

The DC finds that an order has been passed against Mr. Manudhane on 1st December, 2020 by the Disciplinary Committee of IPA for accepting assignment as Resolution Professional after 31st December, 2019 without holding a valid AFA in the CIRP of the CD and it has been decided that Mr. Manudhane is guilty of Professional […]

Professional Misconduct – Accepting assignment as IRP after 31.12.2019 without holding a valid AFA

December 15, 2020 654 Views 0 comment Print

In the present matter, Mr. Samson gave written consent to act as an IRP in the CIRP of the CD on 4th April, 2019 and application under section 7 of the Code was filed before the AA on 11th April 2019. He was appointed as IRP by the AA vide order dated 16th July, 2020 […]

Due date of GST compliance by Authority extended to 31.03.2021

December 14, 2020 17538 Views 0 comment Print

Notification No. 91/2020 – Central Tax dated 14.12.2020 Seeks to extend due date of compliance by any authority and for actions in respect of anti-profiteering measures under GST which falls during the period from 20.03.2020 to 30.03.2021 till 31.03.2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the […]

DGGI unearthed 4689 fake GSTINs & arrested 141 persons

December 14, 2020 1350 Views 0 comment Print

On the anti-evasion front, DGGI formations and the CGST zones have continued their drive against fake invoice usage. They have, so far in the month-long operation. unearthed 4689 fake GSTINs and arrested 141 persons and booked cases involving wrongly availed credit of Rs.13447.95 crore.

7th Instalment of Rs. 6000 crore released to States to meet GST compensation shortfall

December 14, 2020 669 Views 0 comment Print

7th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.42,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 granted to the States.

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