Vaccines are being distributed around the world, and India’s own vaccination programme will start soon. Fortunately, India also seems to have stabilised or even declined in terms of daily new cases, at least for now. Meanwhile, the Indian economy is now open to a large extent.
Notably, the e-way bill generation from the National Informatics Centre (NIC) developed e-way bill system is also highest during September to December 2020 compared to corresponding months of previous years. The response of the system is good and generation of IRNs is hassle-free during this period.
The Maharashtra government's revenue from registration of documents rose by Rs 367 crore due to a three per cent waiver in stamp duty between September and December 2020, a state minister said on Friday.
Reports that UPI transactions will be charged from January 1, 2021 are incorrect, NPCI said in a statement.
The International Organization of Securities Commissions (IOSCO) works closely with the G20 and the Financial Stability Board in setting up the standards for strengthening the securities markets, IFSCA said.
An analysis of the data showed that filing of tax returns by individuals for 2019-20 has slowed in the current year, while filing by businesses and trusts have increased.
The year 2020 has been a difficult year for NGOs in India (not just because of the pandemic) and the next year also potentially appears to be a difficult one. "Most NGOs are heavily reliant on their funders and with institutional funding drying up this year, several NGOs, especially the smaller ones, have suffered a lot", said Priya Naik.
Adding to the strong capital inflows during July-September quarter, foreign investment — including direct investment and portfolio flows — were the only major heads to witness net inflows during the quarter, according to the latest balance of payments data.
Public debt accounted for 91.1 per cent of total outstanding liabilities at end-September 2020, as per the latest quarterly report on public debt management.
Dipam, the government's disinvestment manager, believes that it was responsible only to achieve a target of Rs 1.2 lakh crore and blames Covid for the shortfall. This is not the first time that Dipam is accusing the finance ministry of using it to show higher receipts and consequently a lower fiscal deficit.
EPFO’s Central Board of Trustees, the apex decision-making body under the labour minister, had in March this year approved 8.5% interest rate on EPF for 2019-20. In September, the retirement fund body had decided to split payment of 8.5% interest into two tranches of 8.15% and 0.35%.