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E-way Bill Set For Roll Out et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 24, 2018 2:31 PM 2 min read
Editorial

End of Day Wrap-up (Saturday / February 24, 2018) #eway #GST #RBI #NBFC #Airtel #Huawei #sensex #oil #insurance #Transfin

Editor's comment:  E-way bill system for inter-state movement of goods across the country likely to be implemented from 1st April; a group of ministers constituted to look into the technological preparedness. However, there has been no consensus on simplification of return filing processes under GST with differences persisting among the various stakeholders.

 

The Reserve Bank of India launches the Ombudsman Scheme for NBFCs for redressal of complaints against deposit-taking non-banking financial companies registered with the RBI. The scheme, for now, will cover NBFCs that take deposits and will later include those with an asset size of INR1 billion and above with a customer interface.The scheme will not be applicable to infrastructure-related NBFCs and NBFCs under liquidation.

 

World's largest oil company Saudi Aramco is looking to buy a stake in existing Indian refineries.

 

Indian equities notched up their best week this month, with the BSE benchmark Sensex rising by 323 points to 34,142 as March derivative series got off to a strong start amid firm global cues.

 

China's leading smartphone maker Huawei has joined hands with Airtel to announce a successful testing of 5G network trial under a test set-up in India. The trial was conducted at Airtel's Network Experience Centre in Manesar in Gurugram.

 

The Liberal government is facing calls to reconsider its decision to let Beijing-based Anbang Insurance Group buy a stake in British Columbia's health-care sector after the Chinese government announced it had assumed direct control of the conglomerate.