Tuesday, 31 July 2018

31 July 2018 News

Quote of D-DAY

*You’re entering a new season where everything will start to go your way.*
It’s time. You had enough lessons. You did the work. You overcame so much. You believed even when it was hard to. You never gave up. You pushed through it all. *Now it’s Your Turn to Receive in a Major Way.*

_Good Morning_ 💐💐

Happy Reading on 31.07.2018

*Mint*

=> Govt planning national e-commerce regulator

=> PM Narendra Modi speaks to Pakistan’s Imran Khan

=> No govt plan to hike allocation of funds for state-run banks

=> Axis Bank Q1 net profit down 46.3% to Rs 701.90 crore, beats estimates

=> Govt releases draft of new, simpler GST return forms

=> FII inflows into equities up marginally in April-June
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*Business Standard*

=> Defence ministry clears decks for buying 111 choppers for navy at Rs 217 bn

=> IndiGo Q1 net profit plunges 96% to Rs 278 million, more trouble ahead

=> No NGT relief for Vedanta on closure of Sterlite copper plant in Tuticorin

=> India looking to compel e-commerce, social media cos to store data locally

=> Harley eyes Royal Enfield turf in India, plans bikes in 250-500cc segment

=> Anti-profiteering authority asks inputs from Airtel, Indigo on GST benefits
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*Economic Times*

=> Delhi HC issues notices to Flipkart, Amazon over FDI violation charge

=> Karunanidhi continues to be under constant medical attention

=> Substantial increase in denial of H1B petitions: Report

=> India imposes safeguard duty on solar cells import for 2 years

=> No assessment made on impact of Walmart-Flipkart deal: Govt

=> PM Modi speaks to Imran Khan, congratulates him for victory in Pakistan polls
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*Financial Express*

=> Overruling its 21-yr-old verdict! Benefit of ambiguity in tax exemption will be in favour of State, says Supreme Court

=> Defence manufacturing for private sector gets a boost! Guidelines for strategic partnership model finalised

=> Government imposes safeguard duty on solar cells import for two years

=> India’s first bullet train to have separate toilets for men and women

=> Shrugging off ‘suit-boot’ tag PM praises India Inc, now to see if his policies are helpful

=> Embattled liquor tycoon Vijay Mallya to return to UK court for extradition hearing tomorrow
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*Hindustan Times*

=> Assam NRC list excludes 4 million applicants, govt says no need to panic

=> PM Modi speaks to Imran Khan, congratulates him on Pak election victory

=> Karunanidhi still in ICU, but stable; Sri Lankan ministers visit hospital

=> Supreme Court puts upkeep of Taj Mahal in hands of 3 govt officers

=> Lok Sabha passes bill to provide death penalty to child rape convicts

=> ‘Why no arrests?’: SC pulls up CBI over Manipur’s alleged fake encounters
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*Indian Express*

=> PM Modi congratulates Imran Khan, hopes democracy will take deeper roots in Pakistan

=> Assam citizens list: Names missing in NRC final draft, 40 lakh ask what next

=> Kerala: Orange alert issued as Idukki dam water level touches 2,395 feet; authorities on high alert

=> Pak election body seeks written reply from Imran Khan over controversial vote

=> India U-19 team humbles Sri Lanka by six wickets in first Youth ODI

=> Raghava Lawrence breaks his silence on Sri Reddy's allegations
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*The Hindu*

=> Modi greets Imran Khan on poll victory

=> Karunanidhi's condition stable: M.K. Stalin

=> Assam NRC: bouquets, brickbats in equal measure

=> A tardy process, creating massive insecurity: Rahul Gandhi on NRC

=> Indian-origin CEO bats for working class

=> SC asks Maran to face trial in illegal telephone exchange case
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*The Times of India*

=> Manipur fake encounter cases: SC raps CBI chief

=> Yamuna swells in Delhi; 10,000 people evacuated

=> India cuts oil imports from Iran over sanctions fear

=> PM congratulates Imran, reiterates vision of peace

=> Govt paves way for 'Make in India' def production

=> Oppn sees red as govt releases NRC list in Assam
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*अमर उजाला*

=> असम में 40 लाख अवैध नागरिक : घुसपैठ पर सियासी घमासान फिर तेज

=> कांग्रेस के शासनकाल में ही शुरू हुआ एनसीआर अपडेट करने का काम

=> भाजपा सत्ता में आई तो बंगाल में भी लागू होगा एनआरसी : दिलीप घोष

=> दिल्ली पर बाढ़ का खतरा, 27 ट्रेनें रद्द होने के बाद लोहे के पुल

=> NRC पर सियासी घमासान, ममता ने लगाया बीजेपी पर बंगालियों को परेशान करने का आरोप

=> योगी ने 15 अगस्त को पांच करोड़ पौधे लगाने का दिया निर्देश
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*हिन्दुस्तान*

=> पीएम मोदी ने की इमरान खान से बात, दी पाकिस्तान में जीत की बधाई

=> चार्जशीट दाखिल होने पर बोले आजम खान- शुक्रिया योगी सरकार

=> झारखंड में बड़ी दुर्घटना, बस में आग लगने से कई के जिंदा जलने की आशंका

=> अमानवीयः 25 से अधिक देशों में बैन लड़कियों का खतना भारत में अब भी जारी

=> बैंक कर्मचारियों की सैलरी पर बैठक फिर बेनतीजा, 25% बढ़ाने की मांग

=> रेप के खिलाफ सजा और सख्त: बच्चियों से दुष्कर्म पर फांसी को मंजूरी
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*दैनिक जागरण*

=> पीएम मोदी ने की इमरान खान से बातचीत, फोन पर दी जीत की बधाई

=> खतने पर सुप्रीम कोर्ट ने उठाए सवाल, कहा- महिला से पति की पसंद बनने की अपेक्षा क्यों

=> एनआरसी पर शोर जला सकता है विरोधियों के हाथ, भाजपा इसे तूल देने में नहीं छोड़ेगी कसर

=> डेटा चोरी होने के पीछे का सच.. आपके हर मैसेज और गतिविधि पर रहती है नजर

=> SBI यूजर्स को अब FD पर मिलेगा ज्यादा ब्याज, नई दरें आज से हुईं लागू

=> चुनावी साल में भाजपा के लिए कड़वी हो सकती है गन्ने की मिठास
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*प्रभात ख़बर*

=> प्रधानमंत्री मोदी ने फोन पर इमरान खान को जीत की बधाई दी

=> रिजर्व बैंक की रिपोर्ट : भारतीय कंपनियों का जून में विदेशी कर्ज 66 फीसदी बढ़ा

=> दाऊदी बोहरा मुस्लिम महिलाओं के खतना पर सुप्रीम कोर्ट ने की आलोचना

=> बिहार में अबतक बाढ़ की अलार्मिंग स्थिति नहीं : जल संसाधन मंत्री

=> मुजफ्फरपुर दुष्कर्म कांड : NSUI का पटना में प्रदर्शन, पुलिस की लाठी से फटा कांग्रेस MLA का सिर

=> कैटरीना कैफ ने प्रियंका चोपड़ा को किया रिप्‍लेस, 'भारत' में सलमान संग दिखेंगी
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31st July 2K18

Economic Times

Ø  Global lenders line up to finance Birla's $2.6 billion Aleris deal
Ø  Govt to monetise land lying with sick PSUs
Ø  Agri sector must grow at 4% to boost economy: Kant
Ø  HDFC Q1 profit jumps 54% YoY to Rs 2,190 crore
Ø  'India much better equipped to handle global risks'
Ø  Draft ecommerce policy allows for B2C model
Ø  Axis Bank Q1 profit nearly halves YoY to Rs 701 cr
Ø  JP Associates reports Rs 285 crore loss for Q1

Business Standard

Ø  Tech Mahindra Q1 net profit falls short of expectations at Rs 8.98 bn
Ø  Govt not evaluated direct impact of Walmart-Flipkart deal on small traders
Ø  Defence ministry clears decks for buying 111 choppers for navy at Rs 217 bn
Ø  HDFC Bank launches QIP, ADR at floor price of Rs 2,179.13 a share
Ø  CBI Q1 net loss widens to Rs 15.22 bn on 2-fold rise in bad loan provisions
Ø  Suzlon shareholders reject two separate proposals to raise Rs 29 bn

Business Line

Ø  India’s infrastructure deficit too large, will take time to be eliminated: S&P
Ø  Tyre makers reiterate demand for rubber imports at nil duty
Ø  IndiGo Q1 net tanks 96.6% to Rs 27.8 cr
Ø  RITES reports Rs.83 cr income for March quarter
Ø  India Inc garners Rs 19,000 cr via NCDs in April-July

Mint

Ø  Govt to launch 2nd oil, gas field auction on 9 August
Ø  Idea Cellular turns in Q1 profit on tower sale gain
Ø  IDFC Bank Q1 net profit down 58% to Rs 181crore
Ø  Essar Oil may sell 30% in Raniganj coal-bed methane block
Ø  Tata Power joins race for Equis hydropower projects in Sikkim

Financial Express

Ø  India Inc’s external borrowing jumps 66% to $2.71 bn in June
Ø  RBI interest rate setting panel starts 3-day meet
Ø  Reliance Infrastructure to close Rs 19K cr Mumbai power biz sale with Adani Transmission next week
Ø  July-September business optimism index rises 12% since last year, says report

Financial Chronicle

Ø  Small traders to be exempt from GST registration
Ø  RBI lists 240 new accounts for NPA tag
Ø  Mahindra aims a full range commercial vehicle brand
Ø  India infra deficit too large to be filled soon: S&P
Ø  E-tailers may have to store data in India

31.07.18 Economic News

👉In an Important Decision, Supreme Court Constitution bench declares that When there is Ambiguity in Exemption Notification, it should be Interpreted in Favour of Revenue

👉CBIC releases draft on New Simplified GST Returns -- Sahaj and Sugam -- for seeking comments from stakeholders

👉Govt. extends Due Date for filing GSTR-6 by Input Service Distributors for the months of July 2017 to August 2018 until the 3oth day of September 2018

👉PNB fraud: India requests Antigua and Barbuda Govt to detain Mehul Choksi and to not let him Travel by Land, Air or Sea

👉Vijay Mallya’s Extradition Case reaches Final Stage in UK court, with a final hearing scheduled for Today, when the Crown Prosecution Service (CPS) on behalf of India and the Defence are due to present Final Submissions.

👉Chennai NCLT allows merger of LLP & Private Companies, which could kick off a New Wave of Mergers And Acquisitions and Open A New Frontier in the Resolution Space of Stressed Assets

👉RBI starts the Second Round of Asset Quality Review (AQR) and sends out a Fresh List of 240-Odd Accounts that banks have to recognise as NPAs. Second round AQR is important because the RBI is asking banks to recognise them as NPA from a previous date.

👉SEBI Fines Central Bank of India with Rs. 3 Lakhs, for Violating Debenture Trustee Norms

👉Govt. Imposes 25% Safeguard Duty on Imported Solar Panels from China and Malaysia for two years to protect Domestic Players from Steep Rise in the Inbound Shipments of the product.

👉Delhi HC issues notice and sought the stand of the Centre, Amazon and Flipkart on a PIL alleging that the E-Commerce Companies were Violating Foreign Direct Investment (FDI) Norms.