ECONOMY & NATION


Prime Minister Narendra Modi on Wednesday called upon all Chief Secretaries to work towards ensuring that all traders are registered under Goods and Services Tax (GST) regime by August 15.   Modi, who chaired his twentieth interaction through PRAGATI (Pro-Active Governance and Timely...

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Moneylife Digital Team 12 July 2017
The Goods and Services Tax (GST) has finally become a reality and is touted as the one of the biggest tax reforms in India. However, there is urgent need to safeguard the interest of buyers rather than just framing guidelines for developers, especially on the mechanism for input tax...

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Navi Mumbai (Maharashtra), Cracking the Reliance JIO data breach case within 24 hours, the Navi Mumbai and Maharashtra Cyber police teams have zeroed in on the prime suspect in Rajasthan who will be brought to Mumbai on Wednesday.   Confirming the developments, Maharashtra Cyber...

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New Delhi, The Supreme Court on Wednesday chided the Election Commission for retracting from its earlier position supporting a plea for lifetime ban on convicted lawmakers from contesting elections.   "It is within the domain of the Election Commission, if you don't want to be...

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Donald Trump Jr., President Donald Trump's eldest son, on Tuesday released the email chain relating to his meeting with a Russian attorney who allegedly promised to provide incriminating information about Democratic presidential candidate Hillary Clinton.   In one email, publicist Rob...

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The State Bank of India has not been "rushing towards" the new Insolvency and Bankruptcy Code (IBC) to resolve cases of defaults as the entire ecosystem required for the new law has not so far been fully created, its chairperson Arundhati Bhattachrya said on Tuesday.   "The banking...

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Moneylife Digital Team 11 July 2017
Continuing to de-stabilise the telecom market, Reliance Jio has extended the validity period on its prepaid offers for Prime subscribers. The offer will be called 'Jio Dhan Dhana Dhan' and subscribers will get additional days for validity on the offer.   For example, subscribers who...

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The Supreme Court on Tuesday upheld the Chandigarh administration's decision to denotify certain State highways in wake of the top court ordering the removal of all liquor vends within 500 meters of national and state highways across the country.   Dismissing the petition by...

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India's largest lender, State Bank of India's Chairperson Arundhati Bhattacharya on Tuesday said the credit growth in India's banking system is low.   Elaborating on the current economic growth rate and inflation rate, Bhattacharya said: "Credit growth especially in the banking system...

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Moneylife Digital Team 11 July 2017
Out of the major 17 non-special category states in India, there were only eight states that satisfied the necessary conditions (NC) and at least one of the sufficient conditions (SC), to become eligible for additional borrowing in FY17-18. However, even these states may find it difficult to...

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With Facebook and Google grabbing vast majority of the digital ad market, many newspapers in the US are planning to strike at the tech giants to get an antitrust exemption from Congress to negotiate collectively over advertising revenue.   According to a report in Washington Times on...

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The Supreme Court on Tuesday extended across the country the Madras High Court order putting on hold the Centre's notification banning the sale and purchase of cattle for slaughter from the cattle market.   As a bench of Chief Justice Jagdish Singh Khehar and Justice D.Y. Chandrachud...

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A fresh batch of 3,289 Amarnath pilgrims left Jammu for the Kashmir Valley on Tuesday despite a terror attack the previous day on a bus which left seven worshippers dead.   "A fresh batch of 3,289 yatris left Bhagwati Nagar Yatri Niwas in an escorted convoy of 185 vehicles around 3...

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A minor fire broke out on a terrace in industrialist Mukesh Ambani's multi-storied south Mumbai residence here late on Monday, an official said.   The blaze - noticed around 9 p.m. and reported to the fire brigade at 9.04 p.m. - took place on the ninth floor garden terrace of...

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Non-performing assets (NPAs) is a funny term. The adjective ‘non-performing’ is now part of daily conversation. However, the impact of NPAs is far-reaching and will have damaging consequences on the economy. NPAs are not a banker’s problem or the government’s problem. It is the taxpayers’...

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In a rare attack on the Amarnath Yatra, terrorists killed seven pilgrims and injured 14 others, including policemen, when they struck at a bus carrying them in Jammu and Kashmir's Anantang district.   The bus was attacked in Batengoo around 8.20 p.m. while returning from Baltal to Mir...

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National passemger carrier Air India on Monday said that it has stopped serving non-vegetarian meals on all its domestic economy class flights.   "Air India has taken a conscious decision not to have non-vegetarian meals in economy class on its domestic flights," an Air India...

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Farmer suicides have brought the problems facing the farmers to the fore. Indebtedness has been highlighted as one of the dominant problems for suicides. As a corollary, governments have taken populist turn towards loan waivers. This is not the first time the farm loans have been waived. But...

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Chandraprabha Venkatagiri 10 July 2017
There are many Sahasrabuddhes in real life too. Sahasrabuddhe is the name of the principal of the engineering college in the Bollywood movie 3 Idiots. Extremely brash and arrogant and having little control on his tongue, Sahasrabuddhe was a tyrant and was nicknamed "Virus" by the...

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Sales of domestic passenger cars decreased by 11.24 per cent last month as compared to the same period last year, data showed on Monday.   As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), some 136,895 passenger cars were sold in June, 2017 as...

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