08 August 2018 News

Quote of D-DAY

We always Feel that Life of others is Better than us.
But We always forget that We are also others for someone else.

_Good Morning_ 💐💐

*Happy Reading on 08.08.2018*

*Mint*

=> India doubles import tax on over 300 textile products to 20%, may hit China

=> PNB to sell stake in housing finance arm by fiscal end

=> M. Karunanidhi, Dravida strongman, dies at 94

=> PNB reports ₹940 crore net loss in June quarter

=> Paytm Money sees half a million users sign up to buy MFs

=> ICICI Bank masked bad loans through change in accounting policy
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*Business Standard*

=> Anti-profiteering body turns heat on e-tailers, seeks a pan-Indian audit

=> Modi govt raises import duties on 328 textile products by up to 20%

=> High Court to hear insolvency cases in power sector, says Supreme Court

=> DoT is turning into a legal minefield, saddled with staggering 2,800 cases

=> End of an era: DMK President M Karunanidhi passes away at 94

=> T-Series' YouTube agreement will push the music company's reach, revenues
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*Economic Times*

=> Government appoints RSS ideologue S Gurumurthy on RBI's board

=> Plea for Karunanidhi memorial at Marina: HC to hear again at 8 am

=> Supreme Court rejects RBI plea to stay High Court proceedings

=> Vedanta set to bag 40 oil blocks, ONGC 2, HOEC 1

=> CAG highlights shortcomings in safety facilities at forward IAF airfields

=> False income tax refund claims could attract penalties
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*Financial Express*

=> Govt schemes: Floating funds with agencies cut by 36%

=> Jet Airways scouting for expatriate pilots

=> Grofers says clocking Rs 150-crore revenue per month

=> Government may amend Passport Act to check escape by defaulters

=> MIAL wants to boost Navi Mumbai airport capacity by 50%

=> Mumbai project: Monorail running cost to go up, commuters spared
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*Hindustan Times*

=> Madras HC to soon hear DMK plea for Karunanidhi’s burial at Marina Beach

=> M Karunanidhi, DMK president and former Tamil Nadu CM, dies at 94

=> UP police expand search for 18 girls missing from Deoria shelter home

=> Unable to defend Trump, Indian-American quit job. He’s running for US Cong

=> Android Pie starts rolling out on Google Pixel devices

=> India vs England: Virat Kohli & Co practice hard ahead of Lord’s Test
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*Indian Express*

=> Karunanidhi leaves behind a legacy unparalleled in politics

=> Madras HC resumes hearing DMK plea for memorial on Marina beach

=> SC pulls up Assam NRC coordinator, Census officials for talking to press

=> After Muzaffarpur, Deoria, Centre calls for audit of 9,000 shelters nationwide

=> PM Modi: Brought ‘August Kranti’ with OBC, SC/ST Bills for ‘social justice’

=> With a new stamp showing parent pigs, 3 piglets, China signals shift in child policy
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*The Hindu*

=> Karunanidhi death: Hearing on Marina burial place row at 8 a.m. today

=>  PM Modi, President Kovind and other leaders pay tributes to Karunanidhi

=> Trump warns world against doing business with Iran

=> Bangladesh protests fizzle out as students return to classes

=> Ohio poll is a key test for Trump

=> PM-in-waiting Imran Khan quizzed by Pakistan anti-graft body
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*The Times of India*

=> Groomed for years, MK Stalin to take charge

=> Govt hikes import duty on 32 types of textile goods

=> CAG slams UPA's 2009 naval aircraft deal

=> AAP govt hikes MLA funds to Rs 10 crore a year

=> Oppn backs demand for Karuna's burial at Marina

=> 29 islands in Andaman & Nicobar removed from RAP
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*अमर उजाला*

=> खत्म हुआ द्रविड़ आंदोलन का अध्याय, करुणानिधि का लंबी बीमारी के बाद निधन

=> राज्यसभा उपसभापति चुनाव: बीजेडी के हाथ में जीत-हार की चाबी

=> देवरिया कांडः 48 घंटे बाद भी लापता लड़कियों का नहीं मिला सुराग

=> हापुड़ भीड़ हिंसा मामले में 13 अगस्त को सुनवाई करेगा सुप्रीम कोर्ट

=> सीबीआई करेगी देवरिया कांड की जांच: मुख्यमंत्री योगी आदित्यनाथ

=> करुणानिधि के निधन पर देश के राजनीतिक गलियारों में शोक की लहर, प्रधानमंत्री ने जताया शोक
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*हिन्दुस्तान*

=> करूणानिधि के अंतिम संस्कार पर विवाद,थोड़ी देर में हाईकोर्ट करेगा फैसला

=> नहीं रहे DMK प्रमुख करुणानिधि, आज राष्ट्रीय शोक, PM मोदी जाएंगे चेन्नई

=> देवरिया बालिका गृह कांड: CM योगी का फैसला - सीबीआई करेगी मामले की जांच

=> PM पद की शपथ लेने से पहले भ्रष्टाचार मामले में इमरान से की गई पूछताछ

=> ट्रंप ने ईरान पर फिर बैन लगाया,बोले-नए परमाणु समझौते पर विचार को तैयार

=> आफत बनी बारिश: यूपी में बाढ़ से 13 मरे, 73 हजार से अधिक प्रभावित
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*दैनिक जागरण*

=> करुणानिधि समाधि मामलाः राज्य सरकार ने दाखिल किया हलफनामा, HC में सुनवाई जारी

=> दक्षिण की राजनीति के मुख्य स्तंभ करुणानिधि का निधन, नहीं थम रहे समर्थकों के आंसू

=> यूएई में फंसी भारतीय महिला को मिली स्वदेश लौटने की अनुमति

=> उपसभापति चुनाव में सरकार के दांव से गड़बड़ाया विपक्ष का समीकरण

=> राफेल के बाद पोजीडन डील भी बन सकती है राजनीतिक मुद्दा, कैग ने उठाए खुफिया विमान के सौदे पर सवाल

=> शरीफ की मुश्किलें बढ़ती जा रही हैं, परिवार का एक और सदस्य भगोड़ा घोषित
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*प्रभात ख़बर*

=> करुणानिधि को मरीना बीच पर दफनाने की याचिका पर सुबह सुनवाई

=> करुणानिधिः छह दशकों में पांच बार मुख्यमंत्री रहने वाला राजनेता

=>  पटना : मुख्यमंत्री ने किया एलान, हस्तकरघा वस्त्रों पर भी खादी की तरह मिलेगी छूट

=> Google ने लॉन्च किया AI और बेहतर निजता फीचर से लैस Android Pie

=> 1978 एशियन गेम्स : तनाव भरे माहौल में भारत हॉकी फाइनल में पाक से हारा
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8th August 2K18

Economic Times

Ø  New framework for stressed assets in power sector
Ø  Indian banks take about Rs 70,000-cr hit due to frauds
Ø  China records first CAD in 20 years in H1 2018
Ø  Vedanta set to bag 40 oil blocks, ONGC 2, HOEC 1
Ø  Telcos have to comply if govt orders to block apps
Ø  MCA issues notices for non-compliance with CSR norms
Ø  Job growth slips 1%: Study

Business Standard

Ø  RBI likely to launch $30-35 bn NRI bond in Dec quarter to prop rupee up
Ø  CCI approves P&G's acquisition of 51.80% stake in drug firm Merck Ltd
Ø  Govt doubles import duty on 328 textile products to 20% to boost production
Ø  DoT amends licences of telcos to incorporate net neutrality rules
Ø  Jet Airways to lease seven ATR-72 planes to TruJet to cut down on costs

Business Line

Ø  Mahindra Q1 net rides up 67% at Rs 1,257 cr on higher sales
Ø  Birla Corp Q1 profit rises 50% to Rs.42 crore
Ø  ‘EAT’ may help the Govtsave up to Rs.10,000 crore
Ø  TVS Motor to be BS VI-ready ahead of deadline
Ø  Port workers’ unions against investing pension, PF funds in bonds, equities
Ø  NCLAT to continue hearing Mistry’s petition

Mint

Ø  FRDI bill withdrawn from Parliament following criticism
Ø  PNB reports Rs.940 crore net loss in June quarter
Ø  ICICI Bank masked bad loans through change in accounting policy
Ø  RCom bonds drop to 7 month low after tender offer
Ø  NPA woes continue to dog public sector banks
Ø  Bombay Dyeing Q1 net loss widens to ₹93.74 crore

Financial Express

Ø  India expects HSBC account data from Switzerland in 10 days, says Piyush Goyal
Ø  Family firms up stake over last decade in India, says research study
Ø  Britannia Industries to increase share of non-biscuits business
Ø  Modi government mulls Rs 11,000 crore bailout package for Air India

Financial Chronicle

Ø  Fund inflow to equity schemes narrows in July
Ø  PNB aims to return to profitability this year
Ø  Jaitley set to resume office in third week
Ø  Bills to hike GST composition limit, simplify forms tabled
Ø  MCA wins SC backing in disqualified directors’ case

08.08.18 Economic News

👉Govt appoints  *CA  S Gurumurthy* and Satish Marathe as Part-Time Non-Official Directors on RBI Board for a period of four years, after an approval from the Appointments Committee of the Cabinet

👉Govt appoints 2 new CBDT members, Aditya Vikram (IRS) and Pramod Chandra Mody (IRS) after Five Months of positions lying vacant

👉Govt introduces Four GST Amendment Bills to amend the GST laws which among other things seek to simplify the return forms and raise the turnover threshold for availing composition scheme to Rs 1.5 crore

👉Govt will hold talks with the RBI on Relaxing Capital Norms for Banks and bringing them in line With Less Stringent Basel III Guidelines, to leave more capital with Banks

👉National Anti-profiteering Authority (NAA) under the GST steps up pressure for a Pan-India Audit of the Complete E-Commerce Industry after it discovers that Flipkart alone had 7,500 cases of overcharging GST on account of change in rate between placing an order and delivery

👉Over 2 Lakh Non-Filers filed ITR in 2017-18 & paid Income Tax of ₹6,416 Crore. The I-T dept issued income tax notices to 3.04 Lakh Persons who had deposited cash of over ₹ 10 Lakh Post-Demonetisation but had not filed their ITR till the due date

👉Supreme Court refuses RBI plea to stay proceedings in Allahabad High Court against the Feb 12 Circular on norms for Stressed Assets.

👉RBI may launch USD 30-35 Billion NRI Bonds in the Third Quarter Q3 if the Rupee Plumbs the 70-mark and if overseas inflows do not revive