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July 23, Sunday 2017 4:19 AM       
       HEADLINES: Special trains from Ernakulam to Chennai and Bengaluru                                              Medical college bribery: BJP in lickety-split to find source of report leak                                              Medical college bribery: There was demand for NRI seat also                                              BJP mouthpiece demands NIA probe into medical college bribery issue                                              MLA being questioned, He called housewife 900 times in five months                                              Army jawan killed in ceasefire violation by Pak Army                                              Smriti Irani mocks Rahul Gandhi for taking dig at Centre                                              Critical deficiency in supply of ammunition to Army: CAG                                              Kashmir would become Syria if US intervenes: Mehbooba Mufti                                              Britain's SC gets first woman president                                              Baghdadi still alive: US Defence Secretary                                              16 Afghan police killed in US strike                                              Engage in direct dialogue: Pentagon tells China, India                                              Doval's visit key to ease Sikkim standoff: Chinese analyst                                              WBBL stint has transformed Harmanpreet: Mithali                                              Eyeing spot in British Open, Aditi adds solid 68 to lie sixth                                              Vardhan bags 2nd Challenger title, defeat for 4 others                                              BCCI to reward Rs 50 lakh each to Mithali & Co.                                              Kaumudi Facebook
       BUSINESS  
         DeMo, GST to widen tax base, make cash dealing difficult: FM    
 
 
New Delhi: Indian Finance Minister Arun Jaitley on Saturday said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base.

 
         Pak may face economic instability if reforms stop: IMF    
 
 
Islamabad: Pakistan's macroeconomic stability earned in the past three years could be undermined if the country fails to continue with its reforms, the IMF has warned, amid the political tension over the sensitive Panama Papers case. Resident Representative of the International Monetary Fund (IMF) to Pakistan Tokhir Mirzoev said the economic stability needed to be used to make the gains achieved through it more permanent.

 
         UN selects Dubai as data hub for MENASA region    
 
Dubai: The UN has selected Dubai as the data hub for the Middle East North Africa and South Asia (MENASA) region for the city's integrated initiatives to mine and manage its data, according to a media report.

 
         Nifty ends above 9,900, RIL leads    
 
 
MUMBAI: Benchmark Nifty rose 42 points on Friday to end above the key 9,900-level on buying in IT, energy and banking counters.

 
         Sensex's early rise hits a bump, IT weighs    
 
 
MUMBAI: Key benchmark indices lost some of their upward movement Thursday as IT, metal, and auto stocks developed cold feet because of selling pressure.

 
         Australia to help Sri Lanka combat its worst dengue fever    
 
 
Colombo: Australia will provide USD 377,000 as financial assistance to Sri Lanka to help it combat its worst-ever dengue outbreak which has claimed over 200 lives and infected nearly 100,000 people.

 
         Niti panel yet to finalise report on autonomous bodies: Govt    
 
New Delhi: The Niti Aayog panel tasked with undertaking a comprehensive review of autonomous bodies is yet to finalise its report, Parliament was informed today.

 
         GST win-win deal for all: Jaitley    
 
 
New Delhi: Finance Minister Arun Jaitley today said the Goods and Services Tax (GST) was a "win-win" deal for all as it would expand the tax net, end "inspector raj" and bring down the prices of goods.

 
         Rupee rallies for 3rd session, hits near 6-week high    
 
 
Mumbai: Advancing its gains for the third straight day, the rupee today rose by 5 paise to end at a near six-week high of 64.28 against the US dollar on steady selling of the American currency by banks and exporters.

 
         NSSO to conduct survey on drinking water in July 2018    
 
New Delhi: The NSSO is planning to launch an all-India survey on drinking water, sanitation, hygiene and housing conditions in July next year, Parliament was informed today.

 
         Cabinet clears draft bill to replace GST ordinances for J&K    
 
New Delhi: The Cabinet today approved a draft bill to replace ordinances that were promulgated to introduce the Goods and Services Tax (GST) in Jammu and Kashmir, a senior government official said.

 
         Sensex sinks 364 pts, ITC crashes 13 per cent    
 
 
MUMBAI: Benchmark Sensex on Tuesday slipped from life highs to end sharply lower at 31,710.99 by falling 364 points following a steep plunge in ITC Ltd stocks after the GST Council yesterday hiked tax on cigarettes.

 
         Gold glitters on global cues, jewellers' buying    
 
 
NEW DELHI: Gold bounced back to recapture the Rs. 29,000-mark by climbing Rs. 150 to Rs. 29,100 per ten grams at the bullion market Tuesday, taking positive lead from global market amid increased buying by local jewellers.

 
         Nifty ends above 9,900 for 1st time    
 
 
MUMBAI: The NSE 50-share Nifty closed above the 9,900-level for the first time triggered by fresh buying from operators on hopes of good corporate earnings amid positive global sentiment.

 
         Jan Dhan deposits surge to Rs 64,564 crore    
 
 
NEW DELHI: Deposits in Jan Dhan accounts have touched a new high of Rs. 64,564 crore, of which over Rs. 300 crore came in the first seven months of demonetisation, according to government data.

 
         Govt asks businesses to register under GST by July 30    
 
 
New Delhi: The government today asked traders to get registered under the Goods and Services Tax (GST) regime by July 30. However, traders with turnover of below Rs 20 lakh or those engaged exclusively in the supply of exempted goods or services need not register under the new tax regime which has kicked in from July 1.

 
         Govt asks businesses to register under GST by July 30    
 
 
NEW DELHI: The government on Saturday asked traders to get registered under the Goods and Services Tax (GST) regime by July 30.

 
         Gold spirals to Rs 29,050 on global cues    
 
 
NEW DELHI: Gold prices shot up by Rs. 190 to Rs. 29,050 per ten gram at the bullion market today on firm cues from global markets and increased buying by local jewellers.

 
         WPI inflation falls sharply to 0.90% in June, food prices ease    
 
 
NEW DELHI: Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months -- as prices of food articles, including vegetables, declined.

 
         AI union to protest at IGI airport over disinvestment call    
 
 
New Delhi: A union of Air India employees will hold a protest on July 18 against the disinvestment of the national carrier. The grouping comprising nearly 8,000 of the total 21,137 employees of Air India held a general body meeting last week to deliberate on its strategy to oppose privatisation of the debt-laden carrier.

 
         ICICI group firm buys stake in Infibeam for Rs 11 cr    
 
New Delhi: ICICI Securities Primary Dealership today bought 1 lakh shares of e-commerce firm Infibeam Incorporation for over Rs 11 crore through open market transactions. As per the block deal data available with BSE, the ICICI group firm purchased 1 lakh shares, or 0.18 per cent stake, in the Ahmedabad-based e-commerce company.

 
         Gadkari promises strict action in NHAI bribery case    
 
 
New Delhi: Union Minister Nitin Gadkari today promised strict action against anyone found guilty of having taken USD 1.18 million (about Rs 6.7 crore) bribe for highway construction supervision contract to Boston-based firm CDM Smith Inc. Road transport and highways ministry governs the National Highway Authority of India (NHAI) whose unidentified officials are said to have been paid bribe by the US firm between 2011 and 2015 to secure highway construction supervision and design contracts and

 
         SBI waives charge on IMPS fund transfer of up to Rs 1,000    
 
 
New Delhi: Country's largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS (Immediate Payment Service) to promote small transactions. State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000.

 
         Subhash Garg takes charge as economic affairs secretary    
 
New Delhi: Senior bureaucrat Subhash Chandra Garg today assumed charge as secretary of the Department of Economic Affairs (DEA) in the finance ministry. A 1983 batch IAS officer, from the Rajasthan cadre, Garg was World Bank executive director for Bangladesh, Bhutan, India and Sri Lanka prior to this appointment.

 
         Sensex, Nifty break into new highs ahead of earnings    
 
 
MUMBAI: Markets pulled off a record on Tuesday back to back as both the Sensex and the Nifty ended at new life highs on earnings optimism amid positive global leads.

 
         Now pay taxes, apply for PAN via CBDT mobile app    
 
 
NEW DELHI: The Income Tax Department on Monday launched an app that allows entities track TDS, pay taxes and apply for permanent account number (PAN).

 
         'Chicken flies off the menu' as AI goes veg for economy class    
 
 
MUMBAI: India's debt-ridden national carrier, Air India will now serve only veg meals for all its economy fliers while business class will continue to enjoy non-veg meals.

 
         India surpasses China, becomes new global economic growth pole: Harvard study    
 
 
NEW DELHI: India has emerged as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade, says a new study by Harvard University.

 
         Centre did not play big brother role in fixing GST rates: Min    
 
 
Amaravati: Maintaining that the Centre was not playing big brother role, Union minister Nirmala Sitharaman today suggested that any state could forego its share of GST if it wanted to lessen the tax burden.

 
         Modi invites Norway pension funds to invest in India    
 
 
HAMBURG: Prime Minister Narendra Modi on Saturday invited Norwegian pension funds to invest in the National Investment and Infrastructure Fund as he met Norway's Prime Minister Erna Solberg, who gifted him a symbolic football.

 
 
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