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
...........................................

*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
...........................................

*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
............................................

*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
............................................

*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
............................................

*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
............................................

*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
............................................

*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
............................................

*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.

30 Jul 2018 News

Quote of D-DAY

*A relationship is not based on the Length of time you Spent Together...*

*Its based on the Foundation you Built Together...*

*Good Morning 💐💐*

Happy Reading on 30.07.2018

*Mint*

=> ICICI Bank reviewing all loans disbursed in the last 5 years

=> US decides to further escalate trade war with China on two fronts

=> Bajaj Auto set to disrupt India’s motorcycle market in peak sale season

=> Off-season hotel room rates may drop after GST changes

=> UIDAI wades in amid Twitter row over R.S. Sharma’s Aadhaar dare

=> Essar Oil may sell 30% in Raniganj coal-bed methane block
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*Business Standard*

=> Apple developing app to comply with DND rules, end stand-off with Trai

=> Banks, aircraft lessors serve default notices on debt-laden Air India

=> Amazon leads $11-mn investment in Gurugram-based Shuttl, plans expansion

=> RBI's diktat on virtual currencies paves way for dabba trading in bitcoins

=> Auto majors step up contract hiring to meet rising demand across segments

=> Lack of clarity haunts RBI's credit database that eyes a transformation
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*Economic Times*

=> Reliance Retail takes fight to Flipkart, Amazon doorsteps

=> Insurers do a check of office canteens to reduce health-related claims

=> Private jets may soon land in care of aircraft operators

=> Transient setback in Karunanidhi's health, vital signs stabilising

=> TVS Logistics in talks to acquire Gati for Rs 1,500 crore

=> High treason trial against Musharraf to resume this week
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*Financial Express*

=> Breach of trust? PAC report says charitable registration of Tata Trusts’ under Income Tax Act be cancelled

=> Discounts take a toll on e-commerce firms: Amazon, Flipkart, PayTm continue to bleed, losses up 6% in FY17

=> Assam to release final NRC draft today: Section 144 imposed, state on high alert

=> Sensex, Nifty at lifetime high, but nearly two dozen large-cap funds underperform turning in negative returns

=> Investments worth Rs 60,000 cr in 5 months: PM Narendra Modi says Yogi's UP to soon become $1 trillion economy

=> Electricity Tariff Policy: Discoms object to new plans; Rajasthan opposes penalty for gratuitous load shedding
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*Hindustan Times*

=> Assam gears up for NRC draft list, security intensified across state

=> Karunanidhi better after ‘unexpected setback’, says son Stalin

=> Kejriwal tears Lt Governor report, says will install CCTVs without approval

=> Donald Trump threatens US govt shutdown over Mexico wall, immigration laws

=> Yamuna waters rise to 5-year high, 3000 people evacuated in Delhi

=> Indian Railways upgrades train toilets but chained mugs are here to stay
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*Indian Express*

=> Donald Trump willing to shut down government over border security

=> Alwar Lynching: Mahapanchayat seeks punishment for accused, Rs 50 lakh relief

=> Rajya Sabha may run into rough weather from today

=> Assam NRC: No one will go to detention camps, assures CM Sarbananda Sonowal

=> Raigad bus accident: NDRF's search operation concludes, all 30 bodies recovered

=> Delhi Metro: Pink Line's South Campus-Lajpat Nagar section to connect 4 major markets
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*The Hindu*

=> DMK chief M. Karunanidhi recovering after sudden setback

=> 52 Bangladeshis sent back from Assam

=> Nawaz Sharif shifted to hospital as his health deteriorates

=> Heavy rainfall disrupts life in Patna, labour room of hospital flooded

=> Evacuations ordered as Yamuna continues to rise

=> Man lynched in Gujarat over suspicion of theft
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*The Times of India*

=> Now, your visa hinges on your online profile too

=> Assam to get updated 'citizens register' today

=> Hackers deposit Re 1 in Trai chief's account

=> I-T filings double, refunds up by 80%

=> Delhi: Yamuna in spate, old bridge closed

=> India shines at Physics Olympiad with 5 golds
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*अमर उजाला*

=> दिल्ली में बाढ़ का खतरा, सरकार ने बंद करवाया पुराना यमुना पुल

=> चेन्नई: करुणानिधि की हालत में सुधार, अस्पताल के बाहर लाठीचार्ज

=> व्हाट्सएप ने आज से लगाई एकसाथ 5 से ज्यादा को मैसेज भेजने पर रोक

=> देश के लिए स्वर्ण पदक जीतने वाली एथलीट हिमा दास के कोच पर दुष्कर्म का आरोप, मामले की जांच जारी

=> अगले हफ्ते फिर शुरू होगा मुशर्रफ के खिलाफ देशद्रोह का मुकदमा

=> कंबोडिया में बिना विपक्ष के चुनाव में पड़े वोट, पश्चिमी देशों ने कहा- दिखावा
............................................

*हिन्दुस्तान*

=> इमरान पर रेहम खान के आरोपों के ‘बाउंसर’, चुनाव में जीत को बताया धोखा

=> असम में आज जारी होगा एनआरसी का अंतिम मसौदा, बढ़ाई गई सुरक्षा व्यवस्था

=> करुणानिधि की तबीयत में सुधार, समर्थकों पर पुलिस ने किया लाठीचार्ज

=> चीन के पीएम गुपचुप पहुंचे तिब्बत, बोले-तिब्बत चीन का अभिन्न हिस्सा

=> गंभीर रूप से बीमार होने के बाद नवाज शरीफ अस्पताल में हुए भर्ती

=> दुनिया के इकलौते ट्रिपलेट पांडा ने मनाया चौथा बर्थ डे
............................................

*दैनिक जागरण*

=> केंद्र सरकार की पहल, दुष्कर्मियों से निपटेंगी 1023 विशेष फास्ट ट्रैक अदालतें

=> हरिद्वार से ही गंगा हो गई मैली, 'जीवन रेखा' को बचाने के लिए सरकार और लोगों को करने होंगे विशेष प्रयास

=> दिल्ली में बढ़ रहा यमुना का जलस्तर

=> ग्राउंड ब्रेकिंग सेरेमनी के बहाने मोदी को समर्पित हो गए अमर सिंह, कुर्ता भी भगवा

=> भारत-चीन के रिश्तों में अहम साबित होंगे अगले दो-तीन महीने

=> पलक झपकते ही एयरपोर्ट पर मिल जाएगी एंट्री, सरकार जल्द शुरू करेगी ये सेवा
............................................

*प्रभात ख़बर*

=> ‘आधार’ के डेटाबेस में नहीं लगी सेंध, Google पर हैं सारी सूचनाएं, TRAI चीफ के बचाव में UIDAI की दलील

=> दिल्ली को मिलेगी वाशिगंटन और मास्को जैसी सुरक्षा, दुश्मनों की मिसाइल व विमान आसमान में ही हो जायेंगे नष्ट

=> अब देश छोड़कर नहीं भाग सकेंगे डिफॉल्टर, बदलेगा पासपोर्ट कानून

=> सीसीटीवी मुद्दे पर सबके सामने केजरीवाल ने फाड़ी एलजी की रिपोर्ट

=> माॅनसून सत्र में नागरिक संशोधन विधेयक पेश नहीं करेगी संयुक्त संसदीय समिति

=> झारखंड में फिर सक्रिय हुआ मॉनसून
............................................

30.07.18 Economic News

👉CBDT directs the Income Tax Department to ensure filing all its petitions before the NCLT by August End to Recover Due Taxes Worth Crores of Rupees from a number of De-Registered Shell or Dummy Companies.

👉Ministry of Commerce and Industry recommends to the RBI to consider the Entire Export Sector Under Priority Sector Lending in order to Promote Exports of Goods and Services from India

👉NITI Aayog proposes Common Nodal Energy Ministry, on the lines of the model followed in various other countries to Streamline Governance Among Different Ministries and Departments Pertaining to the Crucial Sector and Speed Up Decision-Making.

👉Government Panel Suggests One Single Common Database for Economic Indicators, like Inflation, Industrial Output and Employment to give Credibility to India’s Growth Numbers and Improve the Consistency of Key Statistics

👉BSE to Launch Weekly USD-INR Futures and Options Contracts from July 30 i.e. Today

👉JK Cement gets Shareholders' Nod to Raise Rs 500 Cr via NCDs

👉HDFC AMC Fixes Final Offer Price at Rs 1,100 per Share, Raises Rs 2,800.33 Crore via IPO

: 30th July 2K18

Economic Times

Ø  NITI Aayog proposes common nodal energy ministry
Ø  Insurers have Rs 15,167 crore unclaimed money
Ø  High level committee formed to revive power plants
Ø  Auditors should not quit audit work of cos halfway: Pai
Ø  Only 66% of registered cos are active: Official data
Ø  Monsoon deficiency remains at 5 per cent
Ø  Exports must get priority sector lending tag: Prabhu

Business Standard

Ø  India Post Payments Bank to start operations with 650 branches in August
Ø  Reliance to shut MA oil and gas field in Krishna Godavari basin in Sept
Ø  Govt to unveil new policy to make India defence manufacturing hub in 10 yrs
Ø  RBI's diktat on virtual currencies paves way for dabba trading in bitcoins
Ø  Wind turbine manufacturer Suzlon plans to re-enter overseas markets: CEO

Business Line

Ø  Reliance eyes $2.7 b in fresh Fx loans to refinance high cost debt
Ø  Daimler India posts 63% rise in BharatBenz trucks sales
Ø  Bhushan Power: Tatas, Liberty House will have to match JSWs Rs.19,000-cr bid
Ø  EVs likely to pose threat to oil companies, says ICRA
Ø  TCNS Clothing to make stock market debut onMonday
Ø  FPIs net inflow at Rs 1,800 cr in equities in July so far

Mint

Ø  Essel Infra plans to invest ₹ 1,750 crore in Uttar Pradesh for EV infrastructure
Ø  Infosys to invest ₹ 750 crore in first phase of upcoming Noida campus
Ø  Banks eye one-time settlement deal from stressed power firms
Ø  JK Cement Q1 PAT decline 38% to Rs49 crore
Ø  Deutsche Bank is cutting staff in Chicago in US retreat

Financial Express

Ø  SMEV moots efficiency linked subsidy for electric vehicles
Ø  Grofers eyes Rs 5,000 crore topline by FY20 on private labels push
Ø  NMDC wins race for gold mine in Andhra Pradesh
Ø  NTPC Q1 profit slips 1% on rise in expenses

Financial Chronicle

Ø  Govt moots stake sale in stressed power plants
Ø  File all NCLT pleas on shell firms by Aug: CBDT
Ø  Air India tower sale plan may fall at first hurdle
Ø  AIFs could become a large asset class in coming years
Ø  IMD starts block-level agri advisories

29 July 2018 News

Quote of D-DAY

Colleagues, friends, associates, younger one(s) might "seem" to go ahead of you. Don't envy them, it's their *'Time Zone.'.*

Yours is coming soon. Hold on, be strong, and stay true to yourself. All things shall work together for your good. You’re not late… you’re on time!

*YOUR TIME WILL COME..!*

_Good Morning_ 💐💐

*Happy Reading on 29.07.2018*

*Mint*

=> ITC becomes India’s 4th most valued firm in m-cap

=> Karunanidhi admitted to hospital after drop in blood pressure

=> Donald Trump faces legal action if found lying about Russia meeting

=> HCL Tech displaces Wipro as India’s third largest IT firm

=> Akhilesh Yadav authorised to decide on alliance, seat sharing for Lok Sabha polls: SP

=> Now, you can file income tax returns till 31 August
...........................................

*Business Standard*

=> Reliance Industries signs deal to sell CB10 block stake to Sun Petro

=> Srikrishna panel's predominance of privacy over RTI raises eyebrows

=> Commerce Ministry urges RBI to consider all exports under priority sector

=> YouTube takes on Netflix and Amazon, eyes original shows for India, others

=> 40% rain-deficient, Bihar stares at drought; Nitish Kumar to take call soon

=> CBDT told to clarify on STT on physically-settled derivative contracts
...........................................

*Economic Times*

=> New twist: Supreme Court accepts Buddhist claim in Ayodhya dispute

=> Army now has first ever 'Made in India' tank engines

=> DMK leader M Karunanidhi ‘stable’, says hospital

=> Data protection bill: Government can still access personal information

=> Soon, pay with your phone on IGI metro

=> Like Washington & Moscow, Delhi too to get missile shield
...........................................

*Financial Express*

=> Donald Trump, Vladimir Putin summit: US, Russia Presidents raise possibilities of another meeting

=> Raigad bus accident: Maharashtra CM Devendra Fadnavis, Governor Ch Vidyasagar Rao, Congress chief Rahul Gandhi condole deaths

=> Indonesia earthquake: Powerful 6.4-magnitude quake hits Lombok island; 3 killed, houses damaged

=> NCR housing dream: NBCC might take up stalled projects

=> F1 inspired Speedtail to be the fastest Mclaren ever: Production will be limited to 106 cars!

=> Hyundai's new compact SUV spied testing: Could be Vitara Brezza rivalling India-bound Carlino
...........................................

*Hindustan Times*

=> US likely to slash Pak’s defence aid from $700 million to $150 million

=> PM  Modi to launch projects worth Rs 60,000 crore in Uttar Pradesh

=> Hope new govt in Pakistan will build South Asia free of terror: India

=> Govt explores three options to deal with lynching cases

=> At least 3 killed as 6.4-magnitude earthquake hits Indonesia

=> As Yamuna crosses danger mark in Delhi, Kejriwal reviews flood preparedness
............................................

*Indian Express*

=> Pakistan Election 2018: All roads to India may lead through Pak army

=> After Paswan, Athawale seeks Justice Goel’s ouster from NGT

=> Asian Games: Neeraj Chopra, spearman from Khandra

=> Month after report red-flagged abuse at girls’ shelter, Bihar NGO got another govt project

=> Samajwadi Party to all its leaders: Give feedback on poll alliances

=> Bullet train’s first impact: From MD to staff, all in race to learn Japanese
............................................

*The Hindu*

=> Imran will follow Army diktat, says Reham Khan

=> Karunanidhi continues to remain stable, says hospital

=> Pinarayi must face trial in Lavalin case: CBI

=> Cambodia set to give Hun Sen another mandate

=> Imran Khan in coalition talks with small party, independents

=> Taliban official says group spoke with U.S. official
............................................

*The Times of India*

=> 399 projects coming up in tiger corridors

=> 5 years jail for execs of cos found stealing data

=> Delhi's air turns 'good' for 1st time this year

=> India's ex-CEC says Pakistan polls fair, sparks row

=> Mechanism to assess judges' work soon: CJI Misra

=> USGS: Magnitude-6.4 quake strikes Indonesia
............................................

*अमर उजाला*

=> बाढ़ और बारिश ने पांच राज्यों में ली 465 लोगों की जान, महाराष्ट्र में हुई सबसे ज्यादा मौतें

=> आधार अधिनियम और आरटीआई एक्ट में संशोधन करे सरकार

=> गुजरात में लगा पानी पुरी पर बैन, सरकार बोली- धीरे-धीरे हर जगह बिक्री पर लगेगी रोक

=> पाक चुनाव पर भारत की पहली प्रतिक्रिया- शांति बनाकर रखें

=> कैलिफोर्निया के जंगल में आग से सैकड़ों घर जले

=> पाकिस्तान में 14 अगस्त को पीएम पद की शपथ ले सकते हैं इमरान खान
............................................

*हिन्दुस्तान*

=> यूपी, उत्तराखंड में अगले चार दिन भारी बारिश के आसार, पटना में टूटा रिक

=> मॉब लिंचिंग पर रोक की तैयारी! केंद्र सरकार बना रही है मॉडल कानून

=> पाक को बड़ा झटका: अमेरिका से मिलने वाली रक्षा मदद में होगी 80% कटौती

=> खुशखबरी: पीएफ की वेतन सीमा बढ़कर होगी 21 हजार

=> टूटा सुरक्षा चक्र:ट्राई प्रमुख की चुनौती के बावजूद ‘आधार’ के आंकड़े लीक

=> वर्ल्ड टाइगर डे : संख्या तो बढ़ी है, मगर खतरे अब भी हैं बरकरार
............................................

*दैनिक जागरण*

=> आज यूपी में पड़ेगी 60 हजार करोड़ रुपए निवेश की फुहार, पीएम मोदी रखेंगे नींव

=>  बिहार: पूर्व स्‍पीकर उदय नारायण चौधरी का JDU से इस्‍तीफा, लगाए गंभीर आरोप

=> यमुना ने धरा रौद्र रूप, हथनी कुंड बैराज से आ रहा है 'जल प्रलय', दिल्‍ली पर भारी खतरा

=> बुरे फंसे ट्राई प्रमुख, आधार नंबर ट्विट करके दी थी चुनौती; सभी जानकारी हुई लीक

=> पश्चिम बंगाल में राजनीतिक हत्याओं का दौर जारी, एक और भाजपा कार्यकर्ता की हत्या

=> कांग्रेस भले ही कितनी सफाई दे, एक कृत्‍य ने खराब कर दी राहुल समेत पार्टी की छवि
............................................

*प्रभात ख़बर*

=> मॉब लिंचिंग विरोधी कानून लागू करने पर बैठक, पूनावाला ने दिये अहम सुझाव

=> बिहार सरकार खुद करेगी बालिका और बाल गृहों का संचालन

=> पटना एयरपोर्ट पर फिर बर्ड हिट, बच गयी 160 यात्रियों की जान

=> झारखंड में चार आतंकी संगठनों के सदस्यों की प्रोफाइल तैयार

=> पाकिस्तान आम चुनाव में इमरान की जीत, आसान नहीं होगी आगे की राह
............................................

28 Jul 2018 News

28.07.18 Economic News

👉PNB Scam: US Bankruptcy Court recognises the claim of Punjab National Bank on the Proceeds of any Assets of Nirav Modi that are sold there in USA and ordered summons to be Issued for Examination of the Nirav Modi and his Four Associates.

👉Services provided by Individual Direct Selling Agent, to Banking Company or NBFC located in Taxable Territory are covered under Reverse Charge Mechanism as per Notification No. 15/2018- Central Tax (Rate) dated 26th July, 2018

👉RBI is moving to shut down the Corporate Debt Restructuring (CDR) System, its Very First Loan Recast Mechanism, following its latest framework on stressed asset resolution

👉ICICI Bank posts First-Ever Quarterly Loss of Rs 120 Crore for the June 2018 quarter (Q1) as provisions for Bad Loans Doubled

👉Sajjan Jindal's JSW Steel Revises Offer for Bhushan Power & Steel to Rs 18,500 Crore. Lenders have set July 31 as the deadline for Revised Bid

👉Commerce Ministry increases Value limit for Exports through Courier Service/Post to Rs 5 Lakh/Consigment as against the Earlier Limit of Rs 25,000 per Consignment, to facilitate Exporters E-Commerce Companies use Courier Mode for High Value Shipments.

👉ITC becomes India’s Fourth Most Valued Firm in terms of Market Valuation, by surpassing Hindustan Unilever

27 July 2018 Updates

Tax Audit 3CD Revised:

(6 Amendments + 9 Insertions)
Summary of Amendments:

1. 4 - GSTIN to be  mentioned.

2. 19 - Allowance under  Section 32AD is to be reported.

3. 24 - Deemed gains under Section 32AD to be reported.

4. 26 - Clause (g) of Section 43B (sum payable to Indian Railways for use of assets) has to be reported.

5. 31 - Cash receipts more than INR 2,00,000 under Section 269ST is to be reported.

6. 34 - Details with respect to transactions not disclosed in TDS Return/ TCS Return is to be reported.

Summary of Insertions:

1. 29A - Advance received on capital asset forfeited to be reported here {Section 56(2)(ix)}.

2. 29B - Income of gifts exceeding INR 50,000 to be reported here {Section 56(2)(x)}.

3. 30A - Details about "Primary Adjustments" in transfer pricing to be reported here as per Section 92CE.

4. 30B - Limitation of Interest deductions for borrowings from a AE upto 30% of EBITDA is to be furnished here.

5. 30C - Details of Impermissible Avoidance Agreement to be furnished as referred to in Section 96.

6. 36A - Dividend received under Section 2(22)(e) is required to be reported here.

7. 42 - Details w.r.t. Form 61 (details of no PAN Form 60 received), Form 61A (SFT) and Form 61B (SRA) is to be provided here.

8. 43 - Details w.r.t. CbC Reporting as referred to in Section 286 is required to be reported.

9. 44 - BREAK UP of total expenditure in respect of GST Registered and Unregistered Entities is required to be given

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Delhi HC directs IT Dept to enable Online Filing of Returns without Aadhaar*

Read more at: http://www.taxscan.in/delhi-hc-online-returns-aadhaar/26393/
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*👉🏻Auditors of 204 listed companies resign this year*
(Auditors of 204 listed companies resigned in the period between January 1 and July 17 this year, resignations were majorly from companies registered in Mumbai, Delhi, Kolkata, and Ahmedabad.)
👇🏻 👇🏻 👇🏻
https://goo.gl/BAaQij

*Cash-on-delivery deals by e-commerce firms not authorised - RBI*
(Cash-on-delivery (CoD) method of payment option provided by online retailers may be a regulatory grey area as per the Reserve Bank of India's response to RTI query)
👇🏻 👇🏻 👇🏻
https://goo.gl/ptrXcZ

*👉🏻Fin Creditors have realized claims of app Rs. 47,426.75 Cr in 26 cases under IBC*
(Financial Creditors have realized claims of approximately Rs. 47,426.75 crore in 26 cases where resolution plans are submitted under the IBC framework since its enactment)
👇🏻 👇🏻 👇🏻
https://goo.gl/TU6Eiz

*👉🏻EOI for Appointment of Statutory Auditor for University Of Kashmir*
(Expression Of Interest For Appointment Of Statutory Auditor for University Of Kashmir, Srinagar - Jammu And Kashmir)
👇🏻 👇🏻 👇🏻
https://goo.gl/X1YsF6

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PIL in Supreme Court challenges Govt’s decision to withdraw 54% of the Pending Tax Cases* [Read Petition]

Read more at: http://www.taxscan.in/pil-supreme-court-challenges-withdraw-54-pending-tax-cases/26405/
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✳RBI Update:

▶Directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - The United Cooperative Bank Limited, Bagnan Station Road (North), P.O. – Bagnan, Dist - Howrah, Pin – 711303, West Bengal.

✳Direct Tax :

▶Allahabad HC reverses ITAT order and rules in favour of Revenue for AY 1997-98, upholds AO’s addition of excise duty payable to the value of closing stock; Rejects ITAT’s view that since the excise duty was payable on goods lying in bonded warehouse, the assessee-company did not incur any cost on account of excise duty which can be added towards closing stock;
[TS-400-HC-2018(ALL)]

▶HC allows assessee’s (a foreign company) writ, sets aside final assessment order passed u/s 143(3) without passing draft assessment order as mandated by DRP provisions u/s 144C(1) for AY 2011-12; Notes that while giving effect to Tribunal’s order in remand proceedings, AO passed a final order without passing a draft assessment order; [TS-719-HC-2018(BOM)-TP]

✳Income Tax:

▶Karnataka HC dismisses assessee’s appeal against ITAT-order holding that AO was justified in adopting reasonable operating profit margin for ALP computation in absence of relevant material to the contrary for AY 2006-07; Follows co-ordinate bench ruling in Softbrands wherein it was held that “unless the finding of the Tribunal is found ex facie perverse, the Appeal u/s. 260-A of the Act, is not maintainable”; [TS-629-HC-2018(KAR)-TP]

✳Key Date :

▶Quarterly Return of Outward Supplies for Apr-Jun :31.07.2018
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Income tax return filing date has been extended from 31 July to 31 August.

Delhi HC directs Income-tax Dept. to allow filing of ITR without furnishing Aadhaar No.

Income Tax Dept is set to crack down on TDS defaults by government and private sector entities, especially e-retail portals, local bodies like panchayats, as the CBDT has directed its assessing officers across the country to undertake at least 30 surveys or on-spot checks.

SEBI has issued consultative paper on revision of provisions pertaining to re-classification of shareholders.

CA- IPCC/ Intermediate May 2018 exam results will be declared on Sunday, 29th July 2018. All the best to all the students and parents.

The Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 was placed in the Lok Sabha and shall replace the Insolvency and Bankruptcy Code (Amendment)Ordinance, 2018.

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CBDT: The date of Filing of Income tax return for A.Y 2018-19 ( Non Audit) is extended 31-08-2018 Vide Notification No . 225/242/248 dated 26-07-18.

CBDT has revised the mandatory tax audit report Form 3CD, which is to be filed by certain taxpayers, to expand the scope of the exercise. An auditor will now have to furnish details related to GST sales, information on transactions covered by transfer pricing provisions, cash transactions and transaction involving TDS.

E-commerce companies to face tax audit over GST refund issue : The anti-profiteering authority has ordered audit of major e-commerce companies like Flipkart, Amazon and Snapdeal, to find out whether they have refunded the excess GST collected from the consumers.

MCA: Updating of Email ID and Mobile number in DIR-6 has been temporarily disabled till further notice. Stakeholders may kindly take note.

SEBI proposed Unified Payments Interface (UPI)-based payments for retail investors investing in IPO. The move will help cut down the time taken between closing of an IPO and listing of the security from current six days to just three days.

Parliament passed the Fugitive Economic Offenders Bill to prevent economic offenders from fleeing the country and evading the legal process. It also gives teeth to the Enforcement Directorate to confiscate the property of fugitive economic offenders.

27 July 2018 News

Quote of D-DAY

Sometimes it's not about the journey or the destination but about the people you meet along the way.

Good Morning_ 💐💐

Happy Reading on 27.07.2018

*Mint*

=> Hindalco’s US arm buys Aleris for $2.58 billion

=> Pakistan election results: Imran Khan claims poll win, bats for better ties with India

=> Facebook shares plunge to historic low as data scandals take a toll

=> Starbucks to enter smaller Indian cities from next fiscal

=> RBI moves to wind up CDR system

=> India wants to work with BRICS nations on 4th Industrial Revolution, says PM
...........................................

*Business Standard*

=> Hindalco's Novelis to buy aluminium products maker Aleris for $2.58 billion

=> SBI, PNB, BoB may introduce performance-linked pay for senior management

=> Reliance Jio effect: Bharti Airtel posts Rs 9.4-bn loss in India operations

=> PepsiCo spends Rs 20 million to put an end to social media digs at Kurkure

=> Facebook's biggest one-day stock wipe-out leaves Zuckerberg $15 bn poorer

=> After DoT nod, Vodafone-Idea set to be country's largest telecom operator
...........................................

*Economic Times*

=> Domino’s in trouble for not passing on GST cuts

=> Income tax return filing deadline extended to August 31

=> Internet, SMS services barred in Navi Mumbai

=> China fears bankruptcies of major firms due to Trump’s actions

=> PF subscribers may get choice of investments for higher returns

=> Karunanidhi health sees 'slight decline'
...........................................

*Financial Express*

=> Arvind Subramanian departs after near 4-year stint as India's Chief Economic Advisor; Thursday was his last day

=> Onion prices may shoot up: Movement halts at Lasalgaon due to transporters' strike

=> Amid trade war with US, China appears to be serious on buying Indian rice; allows imports from 5 more firms

=> Bankers seek interest subvention on investment loans to farmers to bring down incidence of defaults

=> EESL to tie up with post offices, CSCs to improve its after sales services

=> RBI Circular: Government to favour relief to power producers at Allahabad High Court
...........................................

*Hindustan Times*

=> Pakistan’s Imran Khan declares poll victory, sends peace overture to India

=> West Bengal Assembly passes resolution to change state’s name to Bangla

=> PM Modi talks trade at BRICS Summit, meets Xi on sidelines

=> Facebook shares fall by nearly 20%, wiping out $120 billion in market value

=> Sabarimala petitioners seeking ban on women entry warn of Ayodhya rerun

=> India says status quo in Doklam, US official claims China resumed activity
............................................

*Indian Express*

=> Fingers crossed in Delhi, mission was in touch with Team Imran in Pakistan

=> Unlike last year, Jaish, Lashkar not named in BRICS statement

=> Mehul Choksi on the move again, probe agencies say he has left Antigua

=> BRICS: PM Narendra Modi meets Chinese President Xi Jinping, discusses ties

=> Sourced from the jungles of Bastar, mahua to go mainstream under govt scheme

=> Gauri Lankesh murder probe: ‘Each recruit had separate phone to discuss activities’
............................................

*The Hindu*

=> Modi meets South African President, discusses ways to boost bilateral ties

=> Doctors monitoring DMK chief Karunanidhi’s health

=> New Pak. govt unlikely to be better disposed towards New Delhi

=> Lok Sabha passes Anti-Trafficking Bill

=> Zuckerberg net worth falls by $16 billion as Facebook faces day of reckoning

=> Pakistan ready to improve ties with India: Imran Khan
............................................

*The Times of India*

=> Islamabad sees better ties, but Delhi sceptical

=> Govt denies reports of Chinese activity in Doklam

=> Despite hype, e-vehicles face uphill drive in India

=> Yamuna may reach warning level today

=> Mallya can't appeal against London HC verdict

=> NGT sets up panel to track river cleaning
............................................

*अमर उजाला*

=> यमुना का जलस्तर और बढ़ने पर जलमग्न होगी दिल्ली, उफान पर कई नदियां

=> आज धरती के बेहद करीब से होकर गुजरेगा मंगल, चंद्र ग्रहण का नजारा भी होगा अनोखा

=> चर्चों में कन्फेशन प्रथा खत्म हो, पादरी महिलाओं से गुप्त बातें जानकर करते हैं शोषण: महिला आयोग

=> यूपी: शिक्षकों की भर्ती में बड़ा घोटाला, फर्जी दस्तावेजों से हुईं 2000 से ज्यादा भर्तियां

=> फेक न्यूज रोकने के लिए ट्विटर उठा रहा है कदम, नहीं कर पाएंगे 300 से ज्यादा मैसेज

=> असम में उल्फा के ठिकाने नष्ट, भारी मात्रा में गोला-बारूद बरामद
............................................

*हिन्दुस्तान*

=> पाकिस्तानः इमरान की पहली पसंद चीन, भारत आखिरी, अलापे कश्मीर राग

=> सख्त कानूनः चेक बाउंस होने पर काटनी होगी जेल, चुकानी होगी बड़ी रकम भी

=> जम्मू-कश्मीर: पुलिस चौकी में घुसे आतंकवादी 4 राइफल लेकर हुए फरार

=> लोकसभा चुनावः नेताओं,पार्टियों के साथ-साथ फेसबुक की भी 'अग्नि परीक्षा'

=> पाकिस्तानी सेना के लाडले बने इमरान ने कभी कहा था- सेना के दिन अब लद गए

=> यूएस के पहले सिख-अमेरिकी अटॉर्नी जनरल पर पगड़ी को लेकर नस्ली टिप्पणी
............................................

*दैनिक जागरण*

=> सदी का सबसे लंबा चंद्रग्रहण आज, एक ही रात में तीन खगोलीय घटनाएं

=> पवार-ममता-मायावती की सक्रियता ने विपक्षी खेमे में बढ़ाई सियासी सरगर्मी

=> बंपर जीत के बाद कश्मीर पर बोले इमरान, भारत एक कदम बढ़े, हम दो कदम आगे बढ़ेंगे

=> SBI का मनी ट्रांसफर, अब बेनीफिशयरी जोड़े बिना ट्रांसफर करें पैसे

=> दिनेश कार्तिक ने जगाई उम्मीद, इंग्लैंड के खिलाफ फिर कर सकते हैं 10 वर्ष पहले जैसा प्रदर्शन

=> भारत की इंटरनेट मार्केट हथियाने की चाहत में दुनिया की टॉप कंपनियां
............................................

*प्रभात ख़बर*

=>  पटना : विधायक व विधान पार्षद अब हर साल कर सकेंगे तीन करोड़ खर्च

=> 6GB रैम और 4 कैमरे के साथ लांच हुए Huawei Nova 3, Nova 3i स्मार्टफोन्स

=> वर्ल्‍डकप के बाद वनडे से संन्‍यास लेंगे डेल स्‍टेन, खेलते रहेंगे टेस्‍ट

=> खेल के मैदान में ही नहीं 'इश्‍कबाजी' में भी 'मास्‍टर' रहे हैं इमरान, बेनजीर से था अफेयर !

=> भारतीय बैडमिंटन खिलाड़ियों का रूस ओपन में शानदार प्रदर्शन जारी

=> चौथी औद्योगिक क्रांति के लिये ब्रिक्स देशों के साथ मिलकर काम करना चाहता है भारत : PM मोदी
............................................

27th July 2K18

Economic Times

Ø  Iran extends insurance cover to keep oil flowing to India
Ø  DoT gives final nod to Vodafone-Idea merger
Ø  Hindalco arm to buy US-based Aleris in $2.58b deal
Ø  About 2L jobs lost due dumping of Chinese solar panel
Ø  'RCom's spectrum cancellation will jeopardise recovery'
Ø  HPCL cancels the purchase of an Iranian oil cargo

Business Standard

Ø  ITC Q1 net profit rises 10.07% at Rs 28.19 billion, beats estimates
Ø  Aion-JSW Steel to pay Rs 29 bn to pick Monnet's 74.3% equity
Ø  Inbound FDI from tax havens shoot up in FY18
Ø  Price of iron ore fines jumps by 17%, lumps by 11% as steel prices soften
Ø  Tata Steel's Bhushan Steel acquisition hits NCLAT hurdle, may get costlier
Ø  Dr Reddy's June qtr net surges over six-fold at Rs 4.56 bn on turnaround

Business Line

Ø  Bharti Airtel Q1 net profit plunges 73% to Rs.97 crore
Ø  Pepper imports by EoUs and SEZs exempt from price control: DGFT
Ø  Govt panel comes down hard on pharma firms over fixed-dose combination drugs
Ø  Import duty on consumer durables may go up
Ø  At 1 lakh new jobs, hiring will be flat in FY19: Nasscom

Mint

Ø  HDFC AMC IPO attracts strong demand, subscribed over 5 times on Day 2
Ø  US SEC steps up probe into ICICI Bank’s accounting practices
Ø  CESC Q1 profit rises to ₹182 crore
Ø  Qualcomm walks away from $44 billion NXP bid, will buy back $30 billion of shares
Ø  Jyothy Lab Q1 profit rises 57% to ₹32 crore

Financial Express

Ø  ASCI pulls up Tata Steel, Xiaomi, 87 others for misleading ads
Ø  AccorHotels drops bid for Air France-KLM stake
Ø  Indian IT companies becoming true multinationals, says NASSCOM
Ø  US wants to reduce trade deficit with India soon, says official

Financial Chronicle

Ø  India surpasses Japan in steel production
Ø  Irdai wants standardised exclusions in health policies
Ø  Nirav, Choksi summoned under new fugitive law
Ø  Voda-Idea merger creates $23 billion telecom giant
Ø  Govt hopes FY19 may see at least one case of PSB merger

27.07.18 Economic News

👉Rajya Sabha also passes The Negotiable Instruments (Amendment) Bill, 2018, for Quick Prosecution in 'Cheque Bounce' Cases. It was passed in the Lok Sabha on July 23

👉Draft GST Return Forms to be released for Public Comments by Monday. GST Commissioner CA Upender Gupta said in the New Return Filing System 'Nil' Filers, who don't have purchase or supplies in a quarter, can file returns by just sending an SMS.

👉Change in Rate of Tax Of Goods, Exemptions  to Goods, Propsed by GST Council is made effective from 27 July 2018 i.e. Today. Other Notifications also released.

👉Department of Telecommunications (DoT) Gives Final Nod to Vodafone-Idea Merger, issuing a letter to this effect to both companies.

👉NCLT rejects Jyoti Structures' Resolution Plan and orders for Liquidation of the Company’s Assets

👉PNB fraud: Special PMLA court issues Fresh Summons to Nirav Modi & Mehul Choksi to appear before it, failing which they would be declared as Fugitive Economic Offenders.

👉DGFT Notifies that Imports under the Advance Authorisation Scheme (AAS) by Export-Oriented Units (EoUs) and Units in Special Economic Zones (SEZs) are ‘Free’ and Exempt from the Floor Price or Minimum Import Price (MIP).

👉ICAI commences Course to improve Drafting and Representational Skills of Chartered Accountants with the First Batch of the Certificate Course on Preparation of Appeals, Drafting of Deed & Documents and Representation before Appellate Authorities and Statutory Bodies.

26 July 2018 News

Quote of D-DAY

The *Real Education* is our *Attitude and behaviour* with *Others* . It Defines our Entire Personality. No matter how Qualified we are.

Good Morning 💐💐

*Happy Reading on 26.07.2018*

*Mint*

=> Parliament passes Fugitive Economic Offenders Bill 2018

=> Ahead of merger with Idea, Vodafone India revenue declines 31.1%

=> Liberty House gets NCLT nod for bid to acquire Amtek Auto

=> Counting begins in suspenseful Pakistan election

=> First lake of liquid water is discovered on Mars

=> Virat Kohli makes $120,000 per Instagram post
...........................................

*Business Standard*

=> Over 340 'irrational' drugs to go off shelves soon; many more under scanner

=> ED gets power to impound fleeing economic offenders' property

=> Uber may bid adieu to Google Maps; move to open source ones instead

=> Srikrishna committee: 70 Acts may have to be amended on panel proposals

=> Pakistan election 2018: Imran Khan leads; EC rejects PML-N's rigging charge

=> SEBI pulls up mutual fund industry over dividend distribution practice
...........................................

*Economic Times*

=> Pakistan EC rejects rigging allegations, says results being collected

=> Walmart supports India’s case for US Duty benefits

=> Government may favour more time for stressed power companies

=> 151 Malkangiri villages to return to national map after almost 50 years

=> Kit-Kat loses a blockbuster legal war

=> Tax havens account for highest increase in FDI inflows
...........................................

*Financial Express*

=> Cartelisation penalty: NCLAT upholds fine on cement firms, 11 companies and industry body to pay Rs 6300 crore

=> Srikrishna Panel Meet: Stiff penalties likely for leaks for sensitive data

=> Aarav Unmanned Systems: This Bengaluru-based startup has designed drones to aid in crucial data collection

=> MSME Sector: GST Council to take up further relief

=> 132 farmer bodies to launch 25-day agitation today

=> Delays in resolution and excessive litigation lead banks to sell NCLT exposures for quick cash recoveries
...........................................

*Hindustan Times*

=> Pakistan EC rejects rigging allegations, PML-N warns of protests

=> Another showdown between Delhi govt and Lt Governor in Supreme Court today

=> Imran Khan leads in Pakistan elections marred by fraud allegations

=> First liquid water lake found on Mars, raises possibility of life

=> H-1B rejections spike in fourth quarter of 2017

=> Virat Kohli, Dinesh Karthik hit 50s, Essex pacers serve pre-Test warning
............................................

*Indian Express*

=> Pakistan Elections 2018: Verdict Pakistan Army wanted — Imran Khan surges ahead

=> Dalit groups want Justice Goel out of NGT, bring SC/ST law: Paswan writes to Rajnath

=> Javadekar orders clean-up, tells UGC, V-Cs to weed out all predatory journals

=> Change your mindset, don’t obstruct inter-faith marriage: HC to officials

=> India, US set to sign pact for secure military communications

=> Sailing row leads to Indian face-off at Asian Games venue
............................................

*The Hindu*

=> Imran Khan’s party forges ahead in Pakistan polls

=> After one year in office, President Kovind rises above the fray

=> Appeal court rejects Mallya plea

=> Maratha quota agitation ends, not violence

=> Don’t take any action based on NRC final draft, MHA advises Assam govt.

=> Slight delay in delivering VVPATs
............................................

*The Times of India*

=> Bill to rein in loot & scoot approved by Parliament

=> PML-N alleges rigging as Imran Khan tipped to win

=> Biased religious practices can be nixed: SC

=> NKorea still making bomb fuel: Mike Pompeo

=> After FCRA crackdown, dip in foreign funds for NGOs

=> Hardik gets 2 yrs' jail for 'rioting' in '15 Guj quota rally
............................................

*अमर उजाला*

=> पाकिस्तान चुनाव: नेशनल असेंबली की 272 सामान्य सीटों के लिए हुआ मतदान, परिणाम आज

=> ईरान के साथ वास्तविक समझौता करने के लिए अमेरिका तैयार: ट्रंप

=> मेहसाणा दंगा केस : हार्दिक पटेल को 2 साल की सजा, नहीं जाएंगे जेल

=> मराठा आरक्षण आंदोलन : उपद्रवियों के उत्पात से ठहरी मुंबई

=> एशिया कप: आईसीसी ने जारी किया शेड्यूल
............................................

*हिन्दुस्तान*

=> चीन के बढ़ते प्रभाव के बाद भारत-यूएस बढ़ाएगा सैन्य सहयोग

=> पाक चुनाव: इमरान की पार्टी को बढ़त, पीएमएल-(एन) ने किया खारिज

=> शर्मनाकः दिल्ली में भुखमरी से हुई तीन बच्चियों की मौत

=> अमेरिका: अवैध तरीके से रह रहे दो भारतीय गिरफ्तार, वापस भारत भेजा जाएगा

=> राजस्थान, MP और उत्तराखंड में अगले 24 घंटों में भारी बारिश का अलर्ट

=> हिरासत में मौत होने पर 13 साल बाद दो पुलिस कर्मियों को फांसी की सजा
............................................

*दैनिक जागरण*

=> Pakistan Election Results 2018: धांधली के आरोप के बीच पाक में रोके गए चुनाव नतीजे, इमरान खान सबसे आगे

=> दिल्ली-NCR में झमाझम बारिश, जलभराव से जगह-जगह लगा जाम

=> IND vs Essex: पहले दिन भारत ने बनाए 322 रन, 4 बल्लेबाजों ने ठोके अर्धशतक

=> राहुल गांधी ने कहा- मुझे देख दो कदम पीछे हट जाते हैं BJP के सांसद, कहीं उन्हें गले न लगा लूं

=> IRCTC ने पेश किया नया टूर पैकेज, महज 11340 रुपये में करें दक्षिण भारत की सैर

=> बेहद प्राचीन है भारत में भ्रष्टाचार का इतिहास, 12वीं सदी के शिलालेख में है जिक्र!
............................................

*प्रभात ख़बर*

=> पाकिस्तान में वोटों की गिनती जारी, इमरान खान की पार्टी आगे

=> पाकिस्तान चुनाव : आतंकी हाफिज सईद ने डाला वोट, क्वेटा में जोरदार धमाका, 31 मरे

=> Xiaomi ने लांच किये दो नये स्मार्टफोन, Mi A2 और Mi A2 Lite

=> फेसबुक ने फर्जी खाते बंद करने के लिए उठाये कड़े कदम

=> इंस्टाग्राम पर भी आया फेसबुक जैसा ग्रीन डॉट फीचर, बताएगा कौन-कौन है ऑनलाइन
............................................

26.07.18 Economic News

👉Rajya Sabha passes Fugitive Economic Offenders Bill 2018. The bill was passed by Lok Sabha last week which Empowers Authorities to Attach and Confiscate Properties and Assets of Economic Offenders like Loan Defaulters who flee the country

👉Delhi HC directs Income-tax Dept. to allow filing of ITR without furnishing Aadhaar No., as the deadline has been extended to March 31, 2019

👉The GST Anti-Profiteering Authority orders audit of Major E-Commerce Firms, including Flipkart and Amazon India, to find out whether they have Refunded the Excess GST collected from the Consumers. This audit will be done by Director General of Audit of CBIC.

👉Directorate General of Anti-Profiteering (DG-AP) is investigating a complaint against Ramdev’s Patanjali Ayurved for not passing on price reduction benefits under the GST to consumers

👉Vijay Mallya Assets Case: Another Setback For Mallya as UK Court of Appeal refuses Permission to Appeal against a High Court order in Favour of 13 Indian banks to recover funds amounting to nearly 1.145 Billion Pounds

👉Govt moves Delhi HC to Recover $3.8 Bn from Reliance, Shell, ONGC, following an English court ruling over its share from the Panna-Mukta and Tapti fields in Western Offshore

👉NCLT approves Liberty House Resolution Plan to Acquire Amtek Auto

👉NCLAT allows & upholds CCI penalty of Rs 6,300 crore on 11 cement companies imposed over alleged cartelisation in the sector. These Cement cos will now appeal in Supreme Court against the NCLAT order.

Economic Times

Ø  Govt moves HC to get $3.8 bn from RIL, Shell, ONGC
Ø  BRICS economies meet as US trade war looms
Ø  Trump accuses China of using 'vicious' trade tactics
Ø  EU threatens US with USD 20 billion tit-for-tat tariffs
Ø  Tax havens account for highest increase in FDI inflows
Ø  59 infra projects report cost overrun of Rs 1.36L cr
Ø  About half of land notified for SEZs are lying vacant
Ø  AMC in the works to help PSUs offload non-core assets

Business Standard

Ø  NCLT rejects Jyoti Structures' resolution plan, orders liquidation
Ø  ED gets power to impound fleeing economic offenders' property
Ø  NCLAT junks cement-makers' plea against CCI's Rs 67-bn cartelisation fine
Ø  Canara Bank Q1 net profit up 12% at Rs 2.81 bn; bad loan decline marginally
Ø  Suzlon Energy aims to reduce 40 per cent of Rs 60 billion debt by FY18
Ø  TPG acquires a minority stake in pharma firm Sai Life Sciences

Business Line

Ø  Exports likely to touch $350 bn in current fiscal: Suresh Prabhu
Ø  India to hold top spot for economic growth but oil poses risk
Ø  Maruti to recall 1,279 units of new Swift, Dzire for possible fault in air-bag controllers
Ø  Honeywell to help IndianOil meet BS VI specifications
Ø  Sun Pharma launches generic Glumetza tablets in US
Ø  BHEL net profit nearly doubles to Rs 156 cr

Mint

Ø  Recapitalisation of 5 public sector banks credit positive: Moody’s
Ø  SBI sees 50% recovery from RBI’s first NPA list
Ø  Hero MotoCorp Q1 profit misses estimates
Ø  HDFC AMC IPO off to strong start, oversubscribed on Day 1
Ø  Lenders may drag four power producers to NCLT
Ø  L&T Q1 profit beats estimates on strong infrastructure business

Financial Express

Ø  One more NPA account resolved in just 5 days; bankrupt Amtek Auto goes to Liberty House
Ø  Bharti Infratel-Indus Tower merger gets SEBI nod, NCLT approval needed next
Ø  RBI has enough powers to regulate PSU banks, says govt
Ø  Housing sales, new launches highest since demonetisation in first half of 2018

Financial Chronicle

Ø  NSE to extend derivatives trading till mid-night
Ø  Setback to Marans as HC sets aside order in illegal exchange case
Ø  IndiGo grounds 5 A320 Neo planes due to P&W engine snag
Ø  Centre nudges power plants to go for coal imports
Ø  House panel suggets strong norms for exemption to PF trusts