News I read on 17th June

1) The market regulator, SEBI, on Tuesday relaxed the pricing norms for preferential allotment that will make it easier for listed companies to raise funds at a time when businesses are under financial stress and need of urgent capital.
Ref:Livemint

2) The Kearney FDI Confidence Index is an annual survey of global business executives that ranks the markets likely to attract the most investment in the next three years. India has dropped out of it in 2020. Last year, India was at 16th spot.
Ref:Moneycontrol

3) Public sector banks (PSBs) have sanctioned loans worth Rs 32,049.86 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprise (MSME) sector starting June 1.
Ref: Moneycontrol

4) The overall gems and jewellery exports during April-May declined 82.31 per cent to Rs 4,328.54 crore following lockdown. 
Ref: Yahoo Finance

5) The Reserve Bank of India (RBI) may allow banks to restructure company loans without having to set aside funds to cover potential losses as a one-time exemption to ease the strain on businesses and lenders during the coronavirus pandemic, a senior central bank official said.
Ref: Livemint

6) A government bill to ban cryptocurrency in India has been floated. The new bill can not only kill the market but poses a significant legal risk if you have invested in cryptocurrencies.
Ref: Livemint

7) The country's largest lender SBI on Tuesday said it will seek shareholders' approval in mid-July to raise up to Rs 20,000 crore equity capital through various means in the current fiscal.
Ref: Moneycontrol

8) EPF withdrawal claims are now being processed faster than before as the Employees' Provident Fund Organisation (EPFO) has not only launched a new artificial intelligence (AI) tool for auto processing of claims but also delinked accounts from regional offices.
Ref: Livemint

9) Gross direct tax collection declined 31 per cent to Rs 1,37,825 crore till June 15 of the current fiscal as advance tax mop-up plunged 76 per cent amid the coronavirus pandemic.
Ref: Yahoo Finance