Tuesday, 28 August 2018

28 August 2018 News

Quote of D-DAY

*Best way to Start off Your Morning is with a 😊 Smile* and *appreciate you're alive* _cause somewhere else someone is Fighting for their Life._

Good Morning !!!

Happy Reading on 28.08.2018

*Mint*

=> US, Mexico reach trade deal as Canada may rejoin Nafta talks

=> Stressed assets: Court refuses interim relief to power firms

=> Govt clears commercial drone use from 1 December

=> Cap independent directors’ pay from a company to 20%: Govt panel

=> Sensex extends record run, surges nearly 450 points; Nifty hits 11,700

=> Apple’s new iPhones to go the ‘X’ way with new colours, bigger screens
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*Business Standard*

=> Jet Airways posts Q1 loss of Rs 13.23 bn due to higher fuel expenses

=> India approves use of drones; puts restrictions on delivery of goods, food

=> Allahabad HC refuses interim relief to power firms from RBI directions

=> Rupee retreats to hit a record closing low of 70.16 against US dollar

=> Current account deficit is likely to touch 2.8% of GDP in FY19: SBI report

=> FDI grows 23% to $12.75 bn during Apr-June, services sector top recipient
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*Economic Times*

=> Berkshire confirms investment in Paytm; Buffett not involved

=> Videocon, 10 others to move to restricted trading segment

=> Rupee dives to new closing low of 70.16 vs dollar

=> Israel developing missiles to hit anywhere in Middle East: Minister

=> India natural partner in Belt and Road: China

=> Cosmos heist exposes lax cybersecurity of small banks
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*Financial Express*

=> Arun Jaitley blames NPA woes to 'indiscriminate lending' under UPA

=> This may give a big push! Warren Buffett's Berkshire Hathaway to invest up to whopping $350 mn in Paytm

=> Cash-strapped Jet Airways reports Rs 1,323 cr net loss

=> IPS officer writes to Yogi Adityanath for post-retirement job, wants to contribute to BJP's Lok Sabha poll campaign

=> SBI account holders alert! Names and IFSC codes of 1,300 branches changed

=> Law panel to recommend framework this week for simultaneous polls
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*Hindustan Times*

=> Neeraj Chopra slams national record, wins gold; athletes add three silver

=> Congress, Sharad Yadav’s party seek paper ballots for 2019 general elections

=> Gujarat court sends 2 men to life in prison for Godhra train killings

=> Stalin set to be formally announced as DMK president tomorrow

=> BJP chief ministers meeting on Tuesday; PM Modi, Shah to be present

=> Cash-strapped Jet Airways reports Rs 1,323 cr net loss
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*Indian Express*

=> Sharad Pawar's formula for Mahagathbandhan: Party getting maximum seats can claim PM post

=> 1984 anti-Sikh riots row: Amarinder Singh names five Congress leaders, SAD asks where's Tytler's name

=> Asian Games 2018: Neeraj Chopra bags first Indian Gold in javelin throw

=> Major Gogoi indicted: Justice finally done, says 'human shield' Farooq Ahmad Dar

=> Criminal defamation case against Rahul Gandhi, Randeep Surjewala by Ahmedabad bank

=> Tripura: Facebook user calls Manik Sarkar 'thief', police registers complaint
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*The Hindu*

=> RSS may invite Rahul to outreach programme

=> LJP to highlight Modi govt.’s pro-Dalit works

=> After protests, Vajpayee’s ashes immersed in Nagaland's ‘unnamed’ river

=> Major Leetul Gogoi likely to be court-martialled for Srinagar hotel incident

=> Godhra train burning case: two awarded life imprisonment, 3 acquitted

=> India can seek extradition of Choksi without Red Notice, CBI tells MEA
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*The Times of India*

=> RSS may invite Rahul for lecture series by Bhagwat

=> Asian Games: Javelin thrower Neeraj wins gold

=> Rupee dives to new closing low against US dollar

=> Forget projectors, multiplexes to get LED screens

=> No officer can use more than one car: Delhi govt

=> SBI changes names, IFSC codes of 1,300 branches
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*अमर उजाला*

=> खुशखबरः जीएसटी कटौती का नहीं मिला लाभ तो फोन कर कीजिए कंपनियों के खिलाफ शिकायत

=> भारतीय स्टेट बैंक ने उठाया बड़ा कदम, बदले 1,300 शाखाओं के नाम

=> मेडल जीतते ही खुली दुती की किस्मत, सरकार ने कर दिया मालामाल

=> सोनाक्षी की 'हैप्पी फिर भाग जाएगी' को वीकेंड में मिली बढ़त

=> लखनऊ कचहरी ब्लास्ट मामले में दो आतंकियों को उम्रकैद

=> राजनीति में बुनियादी सुधार के लिए एक साथ चुनाव जरूरी
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*हिन्दुस्तान*

=> अगले माह पाक विदेश मंत्री से मिल सकती हैं सुषमा स्वराज

=> Asian Games 2018, Day-9 : भाला फेंक में नीरज चोपड़ा ने नेशनल रिकॉर्ड के साथ जीता स्वर्ण पदक

=> गोधराःट्रेन की बोगी जलाने के मामले में गुजरात कोर्ट ने 2 को दी उम्रकैद

=> मनमोहन ने मोदी से कहा- नेहरू लाइब्रेरी की प्रकृति व स्वरूप न बदलें

=> एसबीआई कस्टमर्स ध्यान दें: बदल गए हैं 1300 ब्रांच के नाम और IFSC कोड

=> मोहन भागवत के कार्यक्रम में राहुल-येचुरी को आमंत्रित कर सकता है आरएसएस
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*दैनिक जागरण*

=> एशियन गेम्स 2018: 20 साल के नीरज चोपड़ा ने रचा इतिहास, जेवलिन थ्रो में जीता गोल्ड

=> पंजाब सीएम बाेले- सिख विरोधी दंगे में सज्‍जन, धर्मदास व भगत समेत पांच थे शामिल

=> राहुल गांधी को अपने कार्यक्रम में बुलाएगा आरएसएस, आयोजित होगा खुला सत्र

=> रिटायरमेंट से पहले ही डीजी ने सीएम योगी को पत्र लिखकर मांगा संवैधानिक पद

=> अंतरिक्ष में रूस और अमेरिका को टक्कर देगा भारत, वर्ष 2022 का समय किया तय

=> बंगाल में पंचायतों में बोर्ड गठित करने को लेकर राजनीतिक हिंसा, चार लोगों की मौत
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*प्रभात ख़बर*

=> Asiad 2018 : भाला फेंक में स्वर्ण जीतनेवाले नीरज पहले भारतीय, सुधा, धारूण और नीना को रजत

=> राहुल को आरएसएस का निमंत्रण मिलने पर सोच-समझकर जवाब दिया जायेगा : कांग्रेस

=> Ducati Scrambler 1100 के तीन वेरिएंट्स भारत में लॉन्च

=> शरद पवार ने कहा - सर्वाधिक सीट जीतनेवाली विपक्षी पार्टी PM पद के लिए दावा करेगी

=> बिहार के दानापुर और समस्तीपुर समेत चुनिंदा स्टेशनों पर शेल्टर होम बनायेगा रेलवे

=> बंगाल : पंचायत बोर्ड गठन को लेकर झड़प, चार की मौत, ममता ने जतायी चिंता
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28th August 2K18

Economic Times

Ø  HC refuses interim relief to power cos on RBI circular
Ø  Niti Aayog for considering deposits under GMS as CRR
Ø  Current account deficit to hit 2.8% of GDP: SBI
Ø  Lenders get 15 days for NPAs in RBI's Feb 12 circular
Ø  Kerala deluge may shave off 2.2% of state GDP
Ø  RCom sells fibre assets to Jio for Rs 3,000 crore
Ø  Ashok Lelaynd to have Rs 5,000 cr defence biz

Business Standard

Ø  SAIL looking at 3 states to set up Rs 50-bn steel plant with ArcelorMittal
Ø  Gautam Adani's energy unit set to acquire GMR thermal power plant
Ø  Jet Airways posts Q1 loss of Rs 13.23 bn due to higher fuel expenses
Ø  FDI grows 23% to $12.75 bn during Apr-June, services sector top recipient
Ø  $52 billion of India loans under scrutiny on RBI's bankruptcy deadline

Business Line

Ø  Govt panel suggests ways to curb shell companies, de-clog NCLT
Ø  SpiceJet’s biojet fuel-run flight takes off
Ø  Shell to acquire Total’s stake in Hazira LNG & Port
Ø  NCLT orders liquidation of Lanco Infratech
Ø  ITI bags Rs 2,658 cr MahaNet order for implementation of BharatNet Phase II
Ø  L&T Construction bags Rs 1,394-cr irrigation project in MP

Mint

Ø  Govt clears commercial drone use from 1 December
Ø  Bank of Baroda looks to sell Ghana, Trinidad and Tobago units
Ø  Cap independent directors’ pay from a company to 20%: Govt panel
Ø  Sensex extends record run, surges nearly 450 points; Nifty hits 11,700
Ø  Patanjali Ayurved faces uphill task without Ruchi Soya

Financial Express

Ø  Commercial Papers issuance hits all-time high of Rs 4.92 lakh crore in Q1: Report
Ø  Sensex adds 442 points; Nifty hits 11,700 for first time, ends at 11,692;
Ø  Government receives 150 proposals to build ethanol capacity
Ø  Tech Mahindra teams up with Microsoft to curb spam calls
Ø  Arun Jaitley blames NPA woes to ‘indiscriminate lending’ under UPA

Financial Chronicle

Ø  Power Firms Face Insolvency As Hc Refuses Relief
Ø  Empower Sebi to crack down on erring CAs, says panel
Ø  Traditional retail models are dying, gradually

28.08.18 Economic News

👉National Anti-Profiteering Authority (NAA) starts Consumer Helpline to file GST Profiteering Complaints against the companies that are not passing GST Rate Cut Benefits. The helpline number is 011-21400643 which will be available between 9:30 am-1 pm and 1:30pm - 6pm on all working days.

👉RBI forms a new unit within the Central Bank to beef up its own Intellectual Capital in the face of Emerging Technologies like Cryptocurrency, Blockchain and Artificial Intelligence. This new unit will research and possibly draft rules and supervise new emerging technologies in the future.

👉Parliamentary Panel Committee questions RBI on failure to take Pre-Emptive Action against NPAs in the Banking System prior to the Asset Quality Review undertaken in December 2015

👉Committee to Review Offences & Penal Provisions under Companies Act 2013 which was constituted by Government of India in July 2018, submits its Final Report to Finance and Corporate Affairs Minister Sh Arun Jaitley

👉Hyderabad Bench of the NCLT orders liquidation of Lanco Infratech Limited (LITL), the holding company of the Lanco group, having a consolidated debt of ₹47,000 crore apporx.

👉Allahabad High Court refuses to Grant Interim Relief to Power Companies, which had filed pleas against the RBI norms on Stressed Loans

👉Foreign Direct Investment(FDI) in India grows 23% YoY in Apr-Jun quarter of FY 18-19

👉MCA extends time for inviting comments on updating National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business, 2018, till September 10, 2018

👉ICAI issues Implementation Guide to Standard on Auditing (SA) 610(Revised): Using the Work of Internal Auditors

👉ICAI releases Publication on Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016 Series 1