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January 22, Monday 2018 1:30 PM       
       HEADLINES: Govt begins policy declaration speech; Opposition                                              Actress Bhavana gets married                                              Governor ‘skips’ criticism against Centre in his customary speech                                              PM Modi wishes for happier society on Basant Panchami                                              At least six dead as Kabul hotel attack ends                                              Indian envoy summoned as Pak alleges ‘Ceasefire violations’                                              Kabul hotel attack: Death toll at 18, may cross 40                                              ISL 2018: Kerala Blasters seek revenge against FC Goa                                              Buttler's ton helps England lock series against Aussies                                              Australian Open: Nadal romps into quarters                                              Australian Open: Bopanna-Babos advance into pre-quarters                                              ISL 2017-18: Jamshedpur FC beat Delhi Dynamos with superb comeback                                              Kaumudi Facebook
       BUSINESS  
         Sensex hit fresh record high of 35,614, Nifty holds 10,900    
 
 
MUMBAI: The stock market opened to a great start on Monday as the BSE Sensex hit an all-time high of 35,612.11 points, while the broader NSE Nifty soared to a new high of 10,906.85 in the morning trade. A Rs 37,000 crore mega-deal with HPCLBSE -3.67 % lifted the Oil and Natural Gas Corporation (ONGC) shares by 5 percent. Gains were led by Reliance Industries and HDFC Bank.

 
         Maha govt mulling to start online lottery system    
 
 
MUMBAI: The Maharashtra government has prepared a proposal to shift from paper to online lottery in order to earn more revenue, an official said.

 
         Chidambaram hits out at 'anti-consumer' Centre over fuel prices    
 
 
NEW DELHI: Former finance minister P Chidambaram today termed the Modi government "anti-consumer" over record-high fuel prices and asked the government to bring them under the ambit of GST to provide relief to consumers.

 
         Patanjali's Yog Acharyas to conduct Yoga sessions at World Economic Forum    
 
 
BHOPAL: In a first, Patanjali's Yog Acharyas - Acharya Bhardwaj and Acharya Smit will conduct Yoga sessions at World Economic Forum (WEF) at Davos.

 
         Mauritius largest source of FDI in India: RBI    
 
 
MUMBAI: Mauritius was the largest source of foreign investment in India, followed by the US and the UK, according to a census by the Reserve Bank.

 
         Exports rise over 12% due to engineering goods, petro products    
 
 
NEW DELHI: The country's exports grew by 12.36 per cent in December 2017 to 27.03 billion US dollars on account of the strong performance by sectors like engineering goods and petroleum products.

 
         Budget 2018: ASSOCHAM seeks higher outlay for education    
 
 
NEW DELHI: With the Union Budget to be presented in ten days, the ASSOCHAM has recommended enhancing the outlay for the education sector, along with greater tax relief for higher education under the Goods and Services Tax (GST).

 
         Rise in demand for Yoga accessories from abroad: Expert    
 
 
THANE: The demand for Yoga equipment and accessories in foreign countries, including Australia and Canada, has been growing for the past few years, an expert has said here.

 
         Nine more cities added to Smart City Mission, total now 99    
 
 
NEW DELHI: Three cities of Uttar Pradesh are among nine chosen in the latest round of the Centre's flagship Smart City Mission, Union Minister of Housing and Urban Affairs Hardeep Singh Puri said Friday.

 
         Gold retailers hopeful of tax relief ahead of Budget    
 
 
HYDERABAD: With the Union Budget to be presented in ten days, dealers in gold and silver jewellery are hopeful of a much-needed tax relief.

 
         GST Council discusses making return filing process simpler    
 
 
NEW DELHI: The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses.

 
         Banks fuel markets Bull Run; Sensex, Nifty hit new peaks    
 
 
MUMBAI: Continuing their winning run for the second straight day, benchmark equity indices Sensex and Nifty hit fresh closing peaks of 35,260 and 10,817, respectively, with banking counters leading the rally today amid reports that the government might increase FDI limits for banks.

 
         Netanyahu meets biz leaders over power breakfast    
 
 
MUMBAI: Israel Prime Minister Benjamin Netanyahu Thursday met top leadership of India Inc for a power breakfast, the first of his numerous assignments for the day as he wraps up his four-day India visit.

 
         Budget 2018: Hardware dealers suggest simplification of filing GST returns    
 
 
HYDERABAD: Ahead of the Budget session on January 29, hardware dealers here are hopeful of a reduction in Goods and Services Tax (GST) rates, as well as a more streamlined process of filing tax returns.

 
         SBI to raise Rs 20,000 cr for affordable housing, infra    
 
 
New Delhi: State Bank of India today said its board has given nod to raise Rs 20,000 crore for financing affordable housing and infrastructure projects through long- term bonds. "The executive committee of the Central Board in its meeting held today has inter alia approved, the proposal for issuance of long term bonds of Rs 20,000 crore for financing of infrastructure and affordable housing in domestic and overseas market in FY 2017-18 and FY 2018-19," the country's largest bank said in a

 
         Rupee rebounds 16 paise to 63.88 a dollar    
 
 
MUMBAI: Showing an impressive resilience, the rupee bounced back in style after a brief overnight crash and ended higher by 16 paise at 63.88 against the US currency on bouts of dollar selling by exporters and banks. The government's decision to slash its additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore, estimated earlier, literally brought some much-needed relief for the battered forex market.

 
         Patanjali to partner with Flipkart, Amazon    
 
 
NEW DELHI: Yoga guru Ramdev's Patanjali Ayurveda has entered into an agreement with e-commerce websites to give a big push to the online sale of its Swadeshi range of Fast-moving Consumer Goods (FMCG).

 
         GST meeting on Jan 18, to discuss real-estate    
 
 
NEW DELHI: An important Goods and Services Tax (GST) Council meet ahead of the Union Budget is scheduled on January 18. According to sources, discussion of real estate inclusion in GST is the key agenda of this meeting.

 
         Patanjali won't enter into partnerships with global firms: Ramdev    
 
 
NEW DELHI: Yoga guru Ramdev on Tuesday said he has no plans to enter into partnerships with any international company, as he doesn't support the idea of Foreign Direct Investment (FDI).

 
         Sensex retreats from record, slips 72 pts    
 
 
MUMBAI: Benchmark Sensex shed 72 points Tuesday after three straight record-setting sessions on emergence of profit-booking and weak macroeconomic data.

 
         RIL to invest Rs. 5K cr in West Bengal: Ambani    
 
 
KOLKATA: RIL Chairman Mukesh Ambani Tuesday announced Rs. 5,000 crore investment in expanding telecom and petro-retail businesses in West Bengal and said his company is exploring the possibility of setting up a manufacturing facility for mobile phones and set-top boxes.

 
         Financial Institutions to ensure US TIN for pre-existing accounts is reported    
 
 
NEW DELHI: All Indian Reporting Financial Institutions (RFIs) are to ensure that the United States Tax Identity Number (TIN) is reported of each pre-existing account for the year 2017 onwards, in compliance of the Inter-Governmental Agreement (IGA) signed between India and United States under Foreign Account Tax Compliance Act (FATCA), CBDT notified on Monday.

 
         UIDAI allows face recognition for Aadhaar authentication    
 
 
NEW DELHI: The UIDAI Monday allowed face recognition as additional means of Aadhaar authentication to be used in combination with existing ways such as fingerprint or iris scan.

 
         What women expect from Union Budget 2018    
 
 
NAGPUR: As the announcement of the Union Budget 2018 is just around the corner, women are expecting more funds to be allocated for the women security.

 
         Aadhaar biometric lock, a lesser-known security feature    
 
 
NEW DELHI: Long before it brought in an extra firewall for privacy with the proposed virtual IDs, the Aadhaar-issuing authority UIDAI had set in place a 'biometric lock' as an additional layer of protection against outside intrusions or breach.

 
         Govt to invite fresh applications for RBI deputy guv post    
 
 
NEW DELHI: The government will soon invite fresh applications for the post of RBI Deputy Governor, a position that fell vacant after S S Mundra retired on completion of his three-year term on July 31, 2017.

 
         Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report    
 
 
NEW DELHI: Payment of Gratuity Amendment Bill 2017 is likely to be passed in the forthcoming Budget session, which will make formal sector workers eligible for tax free Rs. 20 lakh gratuity.

 
         Inflation will dip in January, claims SBI    
 
 
New Delhi: Commenting on the retail inflation figures reported on Friday, the State Bank of India (SBI) noted that while the figures are in line with expectations, inflation is expected to decline in January. In a report drafted by SBI's Economic Research Department, it was noted that the hike in inflation was primarily due to the base effect, as analysed by Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser of SBI and author of the report.

 
         Commerce Secretary urges policy framework to address export financing woes    
 
 
New Delhi: In lieu of the inefficiency of India's current institutional framework in recognising risks of overseas markets, Commerce Secretary Rita A. Teaotia highlighted a "pressing need" to devise policy framework needed to address issues of finance to exports.

 
         ED arrests former Andhra Bank director    
 
New Delhi: The Enforcement Directorate (ED) arrested former director of Andhra Bank Anup Prakash Garg with regards to a money laundering case.

 
 
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