SBF in Custody Until February 8 as Financial Market Participants Request Sebi Revise Data Storage Rules

In a discussion paper published at the beginning of November, India's markets regulator Sebi outlined a plan to require regulated businesses, including foreign portfolio investors (FPIs), to move their data storage and processing operations to India. An organization that speaks for large fina...

CHINA MINISTRY OF COMMERCE ENCOURAGES MORE SECTORS FOR FOREIGN INVESTMENT

Highlights –

• China Ministry of Commerce encourages more sectors for foreign investment.
• China’s National Development and Reform Commission also encourages the same.
• The new list has 127 more items, which is a rise of 10 percent ...

CDC DEFENDS THE REVISED GUIDANCE FOR CORONA VIRUS TESTING

Highlights

• CDC revised its testing guidance recently 
• It received huge criticism 

The Centers for Disease Control and Prevention defends its new guidance on corona virus testing. It turned controversial and...

ANDREW CUOMO REFUSES TO FOLLOW THE REVISED GUIDELINES ON THE COVID – 19 TESTING

Highlights

• He considers it to be a political tool
• He blames CDC for being self-contradictory

Andrew Cuomo said that the state won’t follow the revised guidance on corona virus testing. It was regarding the testing of asymptomat...

JAPANESE CENTRAL GOVERNMENT ASKED TO INCREASE THE AMOUNT OF GRANTS BY LOCAL GOVERNMENTS

Highlights –

• Japanese central government asked to increase the amount of grants by local governments.
• The current total grant for the National Governors’ Association is about $28 billion.
• 47 prefectural governors attended an on...

INCOME TAX DEPARTMENT REVISES TAX DEADLINES AND PENALTIES

As per the latest extensions announced by the Income Tax (I-T) Department in order to safeguard tax payers from the effect of COVID-19 lockdown and all other problems associated with it, all the due dates for filing tax returns, making tax-saving investments and Aadhaar-PAN linking have been revi...

SOYBEAN YIELD ESTIMATES REVISED

Highlights:

• Soybean Kharif production estimate has been revised from 89.94 lakh tons to 93.06 lakh tons.
• The revision is only for Maharashtra.
• The estimated domestic consumption of soybean has increased.

The Soybean Proces...