BQuick On Dec. 30: Top 10 Stories In Under 5 Minutes
Here’s a roundup of the day’s top stories in brief.
1. From Cautious Spender To Opening Fiscal Floodgates
India is planning a spending boost in the upcoming union budget, which is likely to be larger than last year Rs 30 lakh crore, Bloomberg News reported citing people familiar with the matter.
2. Income Tax Returns: Deadline Extended
The government allowed individuals to file income tax returns for fiscal year 2019-20 till Jan. 10. The deadline for companies and individuals who need to get their accounts audited too have been extended by 15 days till Feb. 15.
3. Nifty Nears 14,000
Indian equity markets ended higher for the sixth straight trading session led by auto and metal stocks. Sensex and Nifty 50 both ended 0.3% higher.
4. DHFL Creditors Begin Voting
Financial creditors, who are voting on six resolution plans, hope to announce a winner by Jan. 14, according to three people with direct knowledge of the development.
5. India’s Current Account Remains In Surplus
A narrower trade gap has helped keep India’s current account in a surplus for the third straight quarter. The current account stood at $15.5 billion, or 2.4% of the GDP, in the September quarter.
6. Shivinder Singh: Another Setback
The Securities Appellate Tribunal has dismissed Shivinder Mohan Singh’s appeal that challenged the market regulator’s order asking Religare Enterprises Ltd. and its arm to recall loans worth over Rs 2,000 crore.
7. What Drove Jyothy Labs Growth In Virus Stricken Year
The more people cooked during the Covid-19 lockdown, the bigger was the pile of dishes. And for Jyothy Laboratories Ltd., maker of Pril Dishwash and Ujala fabric cleaner, that couldn’t have been any better.
8. India Allows Interest Relief For Ethanol Makers
The Union Cabinet has approved an interest subvention of Rs 4,573 crore for new distilleries producing ethanol.
9. Astra-Oxford’s Vaccine Cleared For Use In U.K.
The U.K. cleared the coronavirus vaccine developed by AstraZeneca Plc and University of Oxford—a shot which has a number of concerns around it but is also seen as the key to mass immunisations, particularly in poorer countries.
10. Ban On International Flights Extended
The coronavirus-induced suspension of scheduled international passenger flights has been extended till Jan. 31.