Business news headlines: Latest India business news today 28 December 2020

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Read the latest India business news today 28 December 2020:

  • Finance Ministry has permitted Rajasthan to borrow an additional Rs.2731 crores as it has completed the ease of doing business reforms process. Five other states AP, MP, Karnataka, Tamil Nadu, and Telangana had earlier completed the process.
  • Sebi has appointed Taruvai Subayya Krishnamurthy as an observer to oversee the e-voting process for winding up of Franklin Templeton’s six MF schemes.

latest india business news today 28 december 2020

  • The mandatory requirement of 1% GST payment in cash is expected to be applicable to around 45,000 taxpayers.
  • In view of the Covid pandemic, the union transport ministry has extended the validity of vehicle documents like RC, permits, DL till 31 March 2021.
  • Ahead of voting by lenders on bids, Oaktree Capital has reportedly sent a letter to the RBI alleging that inspite of it offering maximum value to stakeholders, a consistent campaign is going on to misrepresent its bid information.

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Latest India business news today 28 December 2020 – business news headlines today

  • Delhi high court has allowed SFIO to interrogate Singh brothers in connection with the ongoing probe into affairs of Religare Enterprises and Religare Finvest.
  • Punjab National Bank has reportedly put up three stressed accounts, including Birsa Institute of Technology (Trust), having outstanding dues of around Rs.34.50 crores for sale.
  • DCCDL, the rental arm of DLF, has entered into an agreement to acquire the stake of Hines in a premium commercial project in Gurugram for Rs.780 crores. It is planning to raise Rs.400-500 crores of debt and another Rs.200-300 crore from internal accruals for the buy-out.

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Latest India business news today 28 December 2020 – business news headlines today

  • Prices of electronics appliances like LED TV, washing machine, refrigerator, etc. are likely to go up by around 10% from January 2021 onwards due to increased prices of key input materials and freight charges.
  • From January 1, 2021, re-confirmation of the issuer may be required to clear cheques above Rs.50,000. As of now, the facility is optional but banks may consider making it mandatory for cheques of and over Rs.5 Lakhs.
  • NPCI may reportedly impose an additional charge on UPI transactions done on third party service providers.
  • From 1 Jan.2021 onwards, businesses having a turnover of up to Rs.5 crores will have to file only four GSTR-3 instead of 12 being filed currently. The scheme may impact around 94 lakh businesses.

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