RBI announces co-lending model for banks, NBFCs.

As per the co-lending model, banks are permitted to co-lend with all registered NBFCs (including HFCs) based on a prior agreement. The co-lending banks will take their share of the individual loans on a back-to-back basis in their books.

MEITY publishes Draft Data Centre Policy 2020.

The policy shall promote domestic manufacturing, including non-IT as well as IT components, to increase domestic value addition and reduce dependence on imported equipment for Data Centres.

Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020

The Amendment provides that every registered person required to furnish the details of outward supplies of goods or services or both in FORM GSTR-1 for the month or the quarter, shall file it electronically through the common portal, either directly or through a Facilitation Centre.