5.With India's trade and current account deficits widening, the finance ministry is ‘not in favour’ of reducing the import duty
and GST on gold as was suggested by a panel set up by the NITI Aayog.
Business Line
1. Sembcorp Energy India Ltd (SEIL), through its wholly-owned subsidiary Sembcorp Gayatri Power Ltdd, has won a
competitive tender conducted by the Bangladesh Power Development Board to supply 250 MW power for 15 years.
2. Energy Efficiency Services Ltd (EESL) and the World Resources Institute (WRI) are teaming up to call for a start-up
challenge. This Energy Innovation Challenge will seek ideas for scalable solutions pertaining to grid management,
eMobility, energy efficiency, and market innovation segments.
3.India will have to do some heavy lifting on structural reforms and persist with macro-economic prudence if it were to
achieve and sustain over 8 per cent GDP growth in the coming years, say economists and economy watchers.The
suggestion comes in the wake of the Central Statistics Office (CSO) making public the reports of the working group that
was set up to provide an estimate of the GDP back series with 2011-12 as the base year.
4. West Bengal Chief Minister Mamata Banerjee has called for greater financial assistance to the MSME (micro, small &
medium enterprises) sector and asked the State cooperative banks to look for ways to increase lending to them.Bengal
currently has 53 lakh MSME units, employing about 1.1 crore people. Nearly 28,000 new MSMEs are set up every year in
the State.
5. Less than three months of the Union Cabinet approving the National Policy on Biofuels 2018,questions are being
raised on the lack of transparency in adopting the policy both in terms of technology and funding.
Business Standard
1.High values of stressed steel assets reflect uncertainty over greenfield.The upturn in the steel cycle is already in its
second year.
2. Net worth of nine realty firms dips 18% during IndAS 115 era: Study.The nine companies have seen a cumulative
impact of Rs 112.79 bn, an 18 % downward revision from their net worth as of March 31, 2018.
3.NCLAT grants stay on liquidation order passed against Jyoti Structures.According to the IBC regulations, any resolution
plan needs to be approved by a minimum of 66 per cent of the lenders.The stay order comes after a group of investors
led by Sharad Sanghi and 800 employees of the corporate debtor appealed against it.
4.EPFO revises down payroll numbers by 12% for September-May period.The payroll data has been revised downwards
for each of the nine months between September 2017 and May this year.
5.Shipping ministry eyes SEZ-like tax breaks to push coastal economic zones.The Union government had proposed
setting up CEZs, one each on the east and west coast of the country.
Live Mint:
1.Crystal Crop acquires 4 brands from FMC, to widen portfolio.Crystal Crop said that its acquisition of Furadan,
Splendour, Metcil and Affinity Force brands will help it strengthen its insecticide and herbicide portfolio.
2.Centre, states differ over who will foot bill for MSME tax break.Proposal seeks to share financial burden between centre
and states, which the latter are opposing.
3.Fotowatio Renewable Ventures looks to exit solar project in India.Edelweiss Infrastructure Yield Plus Fund and Actis
LLP’s Sprng Energy Pvt. Ltd have evinced interest in Fotowatio’s solar power project in Andhra Pradesh.
4.Alibaba is in talks with Reliance Retail to pick up as much as 50% stake for $5-6 billion to challenge Flipkart and
Amazon in India’s e-commerce market
5.India’s GDP rose fourfold in 1993-2012, while wages only doubled: ILO.Rural wage grew faster than urban wage, but
cumulative wage in urban India is more than double that of rural India, says ILO.
and GST on gold as was suggested by a panel set up by the NITI Aayog.
Business Line
1. Sembcorp Energy India Ltd (SEIL), through its wholly-owned subsidiary Sembcorp Gayatri Power Ltdd, has won a
competitive tender conducted by the Bangladesh Power Development Board to supply 250 MW power for 15 years.
2. Energy Efficiency Services Ltd (EESL) and the World Resources Institute (WRI) are teaming up to call for a start-up
challenge. This Energy Innovation Challenge will seek ideas for scalable solutions pertaining to grid management,
eMobility, energy efficiency, and market innovation segments.
3.India will have to do some heavy lifting on structural reforms and persist with macro-economic prudence if it were to
achieve and sustain over 8 per cent GDP growth in the coming years, say economists and economy watchers.The
suggestion comes in the wake of the Central Statistics Office (CSO) making public the reports of the working group that
was set up to provide an estimate of the GDP back series with 2011-12 as the base year.
4. West Bengal Chief Minister Mamata Banerjee has called for greater financial assistance to the MSME (micro, small &
medium enterprises) sector and asked the State cooperative banks to look for ways to increase lending to them.Bengal
currently has 53 lakh MSME units, employing about 1.1 crore people. Nearly 28,000 new MSMEs are set up every year in
the State.
5. Less than three months of the Union Cabinet approving the National Policy on Biofuels 2018,questions are being
raised on the lack of transparency in adopting the policy both in terms of technology and funding.
Business Standard
1.High values of stressed steel assets reflect uncertainty over greenfield.The upturn in the steel cycle is already in its
second year.
2. Net worth of nine realty firms dips 18% during IndAS 115 era: Study.The nine companies have seen a cumulative
impact of Rs 112.79 bn, an 18 % downward revision from their net worth as of March 31, 2018.
3.NCLAT grants stay on liquidation order passed against Jyoti Structures.According to the IBC regulations, any resolution
plan needs to be approved by a minimum of 66 per cent of the lenders.The stay order comes after a group of investors
led by Sharad Sanghi and 800 employees of the corporate debtor appealed against it.
4.EPFO revises down payroll numbers by 12% for September-May period.The payroll data has been revised downwards
for each of the nine months between September 2017 and May this year.
5.Shipping ministry eyes SEZ-like tax breaks to push coastal economic zones.The Union government had proposed
setting up CEZs, one each on the east and west coast of the country.
Live Mint:
1.Crystal Crop acquires 4 brands from FMC, to widen portfolio.Crystal Crop said that its acquisition of Furadan,
Splendour, Metcil and Affinity Force brands will help it strengthen its insecticide and herbicide portfolio.
2.Centre, states differ over who will foot bill for MSME tax break.Proposal seeks to share financial burden between centre
and states, which the latter are opposing.
3.Fotowatio Renewable Ventures looks to exit solar project in India.Edelweiss Infrastructure Yield Plus Fund and Actis
LLP’s Sprng Energy Pvt. Ltd have evinced interest in Fotowatio’s solar power project in Andhra Pradesh.
4.Alibaba is in talks with Reliance Retail to pick up as much as 50% stake for $5-6 billion to challenge Flipkart and
Amazon in India’s e-commerce market
5.India’s GDP rose fourfold in 1993-2012, while wages only doubled: ILO.Rural wage grew faster than urban wage, but
cumulative wage in urban India is more than double that of rural India, says ILO.
benefits & loyalty management in banking
ReplyDeleteThe bank will literally be invisible, allowing customers to seamlessly access banking services without making any extra effort. Imagine a life where your car pays the parking meter on its own, or you are offered loan options automatically when making a big purchase.