16th October 2K18
Economic Times
Ø PM Modi asks oil producers to review payment terms
Ø 'RBI data localisation: 80% players comply with norms'
Ø Telco seeks more time to submit Aadhaar eKYC exit plan
Ø NCLAT stay to enable value preservation: IL&FS
Ø Sept trade deficit narrows to 5-month low of $13.98 bn
Ø PNB plans to sell non-core assets of over Rs 8,000
Business Standard
Ø Global FDI falls 41% in first half of 2018 after Trump tax reforms: UN
Ø Byju's, Disney tie-up to create educational content for primary school
Ø IL&FS gets moratorium on creditor actions; govt welcomes stay on NCLT order
Ø Tax on carbon emissions could soon be a reality in Washington state
Business Line
Ø WPI inflation surges to 5.13%
Ø Export growth down 2% in Sept
Ø Sterlite Power commissions ₹3,000 cr project in J&K
Ø Fuel price control lowers confidence of investments in India, say BP chief
Ø KKR-backed Kwality set to be taken to NCLT over ₹1,200-crore default
Ø NTPC, Nalco call off proposed 2,400-MW power project
Mint
Ø Motilal Oswal PE to invest ₹200 crore in Happy Forgings
Ø India pitches for review of oil payment terms to stem rupee fall
Ø Trade deficit at 5-month low despite oil pressures
Ø India sees steepest FII outflow in 2 years in October
Ø Liquidity crisis, slump in valuations may hit NBFC funding plans
Ø Yes Bank wants Rana Kapoor to give back salary bonus
Financial Express
Ø Adani’s LNG projects grab Total attention; French giant mulls buying stake, tap India’s gas market
Ø Data breach in India second highest after US in H1,2018: Gemalto
Ø Government stake in Allahabad Bank goes up by 7.6 per cent
Ø PM Modi warns Saudi Arabia, says high oil prices will hurt global economic growth
Financial Chronicle
Ø Infrastructure spending in rural areas on a steady path
Ø CCI clears acquisition of Star Health by Safecrop
Ø Risks to NBFCs from liquidity stress: moody’s
Ø Saudi Arabia commits to meeting India’s oil demand
Ø GST Council to seek views of states on disaster tax
Ø JSW Steel most likely winner for Bhushan Power
16.10.18 Economic News
👉The government is working on an ambitious policy proposal to "facilitate" honest and consistent taxpayers in availing a variety of public services and tax-related works on priority.A committee under the Central Board of Direct Taxes, is working to chalk out the broad parameters for extending such "courtesies" and benefits to taxpayers who pay their taxes on time and in full.
👉On an urgent petition moved by the ministry of corporate affairs after the Mumbai bench of NCLT had turned down its plea for 90 days moratorium over the loans taken by the IL&FS and its subsidiaries.
👉The Reserve Bank of India (RBI) sold the highest amount of dollars in five years to curb the slide in the rupee, which has been touching new lows since April, as foreign investors pulled out investments from emerging markets.
👉Closely-held companies whose bonds are publicly traded should disclose their financials every quarter like listed entries if fiascos like the IL&FS collapse are to be averted, according to the head of India’s largest credit rating agency.
👉A ministerial panel on levying calamity cess Monday said the NDRF fund was not sufficient to meet relief work expenses in the wake of natural calamities and decided to seek states' views on whether a state-specific or a nationwide 'disaster tax' should be levied under the GST.
👉Grant Thornton, a leading global tax and advisory firm, is under the Central Bureau of Investigation (CBI) scanner for its valuation report of Vijay Mallya’s Kingfisher Airlines (KFA) brand, people with direct knowledge of the matter.
👉Commerce minister Suresh prabhu has written to finance minister seeking higher export incentives to promote trade of agricultural products under MEIS scheme as well as additional outlay for a scheme to boost service exports.
👉Coal imports by India are set to reach 164 million tonnes (MT) against the earlier forecast of 158 MT due to historic low levels of stocks at Coal India and power plants amid surging industrial demand.
