Tuesday, 11 September 2018

11 September 2018 News

Quote of D-DAY

DETERMINATION ENABLE us to Overcome Our Weaknesses.

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Happy Reading on 11.09.2018

*Mint*

=> India tells US it won’t accept caps on steel, aluminium exports

=> Google agrees to comply with RBI’s data localization norms

=> ArcelorMittal raises bid for Essar Steel to ₹42,000 crore

=> Rajasthan, Andhra cut taxes on fuel

=> With fuel price protests, Congress tries to corner NDA, unite opposition

=> Modi, Hasina launch railway, power projects
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*Business Standard*

=> ArcelorMittal sweetens bid for Essar Steel, offers to pay Rs 420 billion

=> SEBI mulls allowing NRIs through FPI route after meeting specific KYC norms

=> Rajan hopes rupee won't see free fall with RBI raising interest rate

=> DoT meet to finalise in-flight connectivity rules to take place today

=> Govt gets Delhi High Court notice on GST tweaks in import licence

=> Foreign PE funds and JVs to have a go at next round of IBC assets
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*Economic Times*

=> Govt may allow cos to sell oil & gas to affiliates

=> Last date for filing GSTR-1 for July 2017 to Sep 2018 extended till Oct 31

=> Aadhaar not mandatory for booking international parcel

=> Whatsapp to be soon available on Jio featurephones

=> Suppliers liable to pay penalty for not passing GST rate cut benefits: NAA

=> SpiceJet chief hints at fare hikes in next few months
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*Financial Express*
=> Setback for Sonia Gandhi, Rahul Gandhi - Delhi High Court dismissed their tax pleas

=> Insolvency case: ICICI Bank moves NCLT against JP Associates

=> Profiteering: NAA finds HUL dealer guilty

=> Debt mutual funds collectively hold around Rs 1,250 crore in IL&FS group firms

=> Income tax: You can buy second flat to get LTCG exemption on sale of old house

=> Aadhaar not mandatory for booking an international parcel: India Post

*Hindustan Times*

=> United by rising fuel prices and sinking rupee, oppn takes on Modi govt

=> Hyderabad twin blasts: 2 Indian Mujahideen men get death, 1 gets life term

=> On Day 1,25,000 calls for Delhi’s doorstep delivery service

=> HDFC bank executive murdered in robbery attempt, not by office rivals: Cops

=> In a first, Tejas successfully refuelled mid-air by Russian-origin tanker

=> Sonia Gandhi, son Rahul’s 2011-12 tax filings will be reviewed: Delhi HC
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*Indian Express*

=> Government rules out cuts in fuel taxes, looks at NRI bonds for rupee

=> Facing FIR, Johnson & Johnson waved clean chit it obtained from Judge Srikrishna

=> China watching, India cautious to US move on talks with Japan and Australia

=> National Herald case: Setback for Sonia and Rahul, HC dismisses their tax pleas

=> Uttar Pradesh readies Rs 5,535-crore package to clear cane dues to farmers

=> Markets plunge as rupee falls, all eyes on RBI’s next review
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*The Hindu*

=> HC dismisses Sonia, Rahul pleas against reopening of their tax assessment

=> 2007 Hyderabad twin blasts case: death for two and life imprisonment for one

=> Congress-led Bharat bandh fuels Opposition fire against Centre

=> RBI intervenes as rupee breaches 72.5 to dollar

=> Interpol issues Red Notice against Nirav Modi’s sister in PNB fraud case

=> Sohrabuddin case: HC rejects pleas against discharge of policemen
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*The Times of India*

=> Nepal to now join military drill with China

=> Fuel tax cut may impact revenue by Rs 30k crore

=> ISRO to go for full commercial launch on Sept 16

=> Kim asks Trump for another meeting in new letter

=> Delhi HC rejects Rahul, Sonia's plea in I-T case

=> Jack Ma names Daniel Zhang to head Alibaba
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*अमर उजाला*

=> सुप्रीम कोर्ट ने कहा- चुनावी हलफनामे में गलत जानकारी देना भ्रष्ट आचरण, तय करनी होंगी अपनी सीमाएं

=> विधानसभा चुनावों की सरगर्मी बढ़ाने आज जयपुर पहुंचेंगे शाह, कई कार्यक्रमों में होंगे शामिल

=> बादशाहत की चाहतः 3 लाख सैनिकों के साथ रूसी इतिहास का सबसे बड़ा युद्धाभ्यास वोस्टोक-18 आज से

=> राजस्थान के बाद आंध्र प्रदेश सरकार ने भी पेट्रोल-डीजल पर वैट घटाया

=> ENGvIND: टीम इंडिया पर मंडराया हार का खतरा, मेजबान टीम जीत से 7 विकेट दूर

=> तमिलनाडु के स्टरलाइट प्लांट मामले में एनजीटी ही करे फैसला : सुप्रीम कोर्ट
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*हिन्दुस्तान*

=> राजनेता बेमतलब की याचिकाएं दाखिल करने के हो रहे आदी - कोर्ट

=> अच्छी खबर: बिल्डरों के खिलाफ फ्लैट खरीदारों की लड़ाई प्राधिकरण लड़ेगा

=> भारत बंद : कांग्रेस के नेतृत्व में विपक्ष एकजुट नजर आया

=> पहली टू प्लस टू वार्ता अहम रणनीतिक मुकाम : अमेरिका

=> ट्रंप को किम का पत्र मिला, खत में की दूसरी बैठक की मांग : व्हाइट हाउस

=> अमेरिका के साथ व्यापार समझौता करना चाहता है भारत: ट्रंप
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*दैनिक जागरण*

=> नेशनल हेराल्ड केस: राहुल व सोनिया गांधी को झटका, दिल्ली HC ने खारिज की याचिका

=> बैंकों के डूबे कर्ज पर पूर्व RBI गवर्नर रघुराम राजन का जवाबः यूपीए राज जिम्मेदार

=> भारत बंद में एकजुट हुआ विपक्ष, पेट्रोल-डीजल के दाम बेतहाशा बढ़ने के खिलाफ का असर मिला-जुला

=> Ind vs Eng: टीम इंडिया का संघर्ष जारी, अब जीत के लिए 406 रन की जरूरत

=> रक्षा सहयोग में अमेरिका से नजदीकी के बाद भी भारत से रूस नहीं होगा अलग

=> दुश्‍मनों के लिए काल साबित होंगे यूटिलिटी और मल्टी रोल हेलीकॉप्टर, सेना होगी मजबूत
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*प्रभात ख़बर*

=> पटना : पुलिस को दिन भर भारत बंद के प्रदर्शनकारियों ने छकाया, रात में ट्रेन डकैतों के धावे ने किया बेदम

=> रांची : राज्यपाल द्रौपदी मुर्मू की सख्ती के बाद पुलिस महकमा हरकत में, रेप केस में 45 दिनों में करनी होगी चार्जशीट

=> मोटर इंश्योरेंस में हुआ बदलाव, पीयूसी नहीं, तो रिन्यू नहीं होगा इंश्योरेंस

=> INDvsENG 5thTest : भारतीय शीर्ष क्रम लड़खड़ाया, कुक को जीत से विदाई दे सकता है इंग्लैंड

=> हवा में घुले प्रदूषण से निबटने में मदद करेगा चीन में बना उपकरण ‘सेंसेज’

=> Facebook को 20 हजार कंटेंट मॉडरेटर्स की जरूरत! वेतन 4 लाख रुपये

11th September 2K18

Economic Times

Ø  Govt may allow cos to sell oil & gas to affiliates
Ø  Over-optimistic bankers responsible for NPA: Rajan
Ø  Govt says no to excise relief for fuel prices
Ø  ArcelorMittal submits revised bid for Essar Steel
Ø  Rupee not to go in for free fall: Raghuram Rajan
Ø  Last date for July-Sep GSTR-1 extended till Oct 31

Business Standard

Ø  India wants trade deal with US: Donald Trump
Ø  Rupee: Govt in touch with RBI for mkt intervention
Ø  Sebi mulls allowing NRIs through FPI route after meeting specific KYC norms
Ø  SBI's plans to raise dollar funds through green bonds' issue put on hold
Ø  TGBL consolidates overseas operations as one unit, exits non-core market
Ø  Debt MFs see outflow of Rs 68 bn in Aug on weak rupee, rising oil prices
Ø  NCLT notice to Jaiprakash Associates over ICICI Bank claim of Rs 12 bn dues

Business Line

Ø  Centre pegs CAD for FY19 at 2.5% of GDP
Ø  Brexit augurs well for India-UK trade talks: Graham Stuart
Ø  Tata Motors global sales up 14% in August
Ø  Group of secretaries on e-comm to meet on Sep 13
Ø  India is the brightest spot for steel sector till 2019: Moody’s
Ø  SpiceJet to launch first dedicated air cargo service on Sept 18

Mint

Ø  India is standing still as global trade changes
Ø  BSE, PTC, ICICI to set up power exchange
Ø  Kalpataru in deal with Indian Hume Pipe to develop 15 acre Pune land
Ø  GIC, Abu Dhabi Investment, Canada’s pension board in race to pick 25% stake in Reliance Home Finance
Ø  Rupee closes at record low, bond yield spikes 13 bps as CAD widens
Ø  Aadhar Housing Finance to raise up to Rs.1,400 crore via NCDs

Financial Express

Ø  Sensex tumbles 468 points, Nifty ends below 11,450 after rupee crashes to 72.67/$
Ø  Forging industry sees 20 percent cost rise on high power tariff: AIFI
Ø  JSW Steel crude steel output grows 8% in August
Ø  India's economic growth to slow in second half of this fiscal, says UBS report

Financial Chronicle

Ø  Suppliers liable to pay penalty for not passing GST rate cut benefits: NAA
Ø  India’s economic growth to slow in H2 of FY19, says UBS
Ø  Gail, EIL, Concor to make way for new PSUs in CPSE ETF
Ø  Global economic growth returns, but issues still remain

11.09.18 Economic News

👉MCA notifies Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 which mandates All Unlisted Public Companies to Issue Securities in Dematerialised Form. It also made it compulsory that All existing securities of Unlisted Public Companies to be Dematerialised upto 2nd October 2018

👉Delhi High Court issues notices to the Centre, CBIC, DGFT and the Directorate of Revenue Intelligence (DRI) on a clutch of petitions against alleged restrictions on availing of Advance Authorisation Licences. Importers have moved court against changes in the criteria for availing of the Advance Authorisation Licence, which, they say, has led to the DRI issuing notices to them

👉Finance Ministry launches One-Time Late Fee Waiver Scheme to Waive Off Late Fee Payable for Delayed Filing of Form GSTR-1 for the period from July 2017 to September 2018 which can now be filed till 31.10.2018 without any late fee

👉CBIC reopens the facility of filing GST TRAN-1 till 31st March 2019, for the taxpayers who could not file the return in time due to the technical glitches in the GST portal.

👉Union Tourism Minister K J Alphons seeks GST Waiver on Cruise Tourism for 5 years in order to give a boost to the sector which is at a nascent stage in the country.

👉In a first of its kind ruling, the National Anti Profiteering Authority (NAA) rules that suppliers will be liable to pay penalty for Not Passing the benefits of GST Rate Reduction on sale of goods.

👉ICICI Bank Loan Row: As the inspection progresses into six companies linked to ICICI Bank controversy, Ministry of Corporate Affairs (MCA) summons Deepak Kochhar, husband of the Bank’s Chief Chanda Kochhar

👉Oriental Bank of Commerce (OBC) approaches NCLT to Initiate Insolvency Proceedings against Simbhaoli Sugars

👉ArcelorMittal raises bid for Essar Steel from ₹30,500 crore to ₹42,000 Crore and moves Supreme Court challenging the NCLAT order which held that Numetal's Rs 37,000 Crore in Second-Round Bid for Essar Steel was valid. It has also committed to pay ₹7,000 crore to settle the dues of Uttam Galva and KSS Petron

👉ICICI Bank launches OverDraft facility for MSMEs of upto Rs 1 Crore based on GST returns

👉Interpol issues notice against Nirav Modi's sister Purvi Modi and Enforcement Directorate (ED) attaches a flat owned by her in Central London worth around Rs 72 crore, being the 1st Foreign Attachment in Nirav Modi Case