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October 17, Tuesday 2017 3:41 AM       
       HEADLINES: UDF hartal: Stray incidents of violence at some places                                              They cannot touch us: Kodiyeri responds to BJP leader                                              Chalakudy Rajeev murder: Adv. Udayabhanu made seventh accused                                              Congress doesn’t need support of ‘sankhakal’: V T Balram                                              Disrespect to Chennithala’s promise, Hartal hits normal life                                              Aarushi murder: Talwars to walk free on Monday                                              Will 'gouge out eyes' of attackers in Kerala: BJP leader on political killings                                              Ram temple in Ayodhya by next Diwali: Subramanian Swamy                                              Congress-CPM coalition: CC rejects Yechury’s suggestion                                              Sitharaman commissions INS Kiltan into Navy                                              Over 275 killed in Somalia bombing                                              Chinese hegemony spreading across ASEAN                                              Iraqi army launches operation in Kirkuk                                              Netherlands, PNG qualify for ICC WC Qualifier 2018                                              Kaumudi Facebook
       BUSINESS  
         Reliance Retail to be biggest threat to Amazon, Flipkart: Pai    
 
 
HYDERABAD: Reliance Retail will pose the biggest challenge to top e-commerce players Amazon and Flipkart next year due to its wider reach and tremendous penetration of telecom arm Jio, said an IT industry veteran.

 
         India undergoing 'exciting digital transformation: IMF    
 
 
WASHINGTON: India is currently pursuing an "exciting" route of digital transformation which can be a learning experience for everyone, according to the IMF which is featuring a case study on the country's digital revolution in its new book.

 
         Sensex hits new peak of 32,687.32; Nifty at 10,242.45 pts    
 
 
MUMBAI: The benchmark BSE Sensex and the broader Nifty climbed to new life-time highs of 32,687.32 and 10,242.45 points, respectively, in opening session on the back of gains in banking, FMCG, auto and oil and gas stocks.

 
         Digital India to contribute 30pct to India's GDP by 2025    
 
 
NEW DELHI: Minister of State for Tourism (Independent Charge) K J Alphons said the Digital India program, flagged off under the Narendra Modi government, has the potential to provide an incremental 20 to 30 percent increase in India's GDP by 2025, owing to the significant progress made under the scheme since its inception in July, 2015.

 
         Bring real estate under GST: Sisodia writes to Jaitley    
 
 
NEW DELHI: Delhi Deputy Chief Minister Manish Sisodia Sunday wrote to Union Finance Minister Arun Jaitley, demanding that the real estate sector be brought under the ambit of Goods and Services Tax (GST).

 
         IMF favors three structural reforms in India    
 
 
WASHINGTON: The IMF has suggested a three-pronged approach for structural reform in India that includes addressing the corporate and banking sector weaknesses, continued fiscal consolidation through revenue measure, and improving the efficiency of labour and product markets.

 
         India must go for pollution-free methanol as fuel: Gadkari    
 
 
PANAJI: Union minister Nitin Gadkari has said India must use pollution-free methanol as fuel, like Sweden, which is switching over to it from diesel.

 
         Indian Railways to start cheaper, faster Rajdhani between Delhi-Mumbai    
 
 
NEW DELHI: The Indian Railways has decided to run a 'special Rajdhani' train between Delhi-Mumbai, without flexi fare and will take two hour less than the two existing Rajdhanis, and will start from October 16.

 
         Help young entrepreneurs to set up startups: AP IT Minister Lokesh to officials    
 
 
AMARAVATI: Andhra Pradesh Information Technology (IT) Minister Nara Lokesh on Friday asked officials to help young entrepreneurs to set up their startups.

 
         Madhya Pradesh slashes VAT on petrol by 3%, diesel by 5%    
 
 
BHOPAL: The Madhya Pradesh Government on Friday slashed the Value-Added Tax (VAT) on prices of petrol by 3 per cent and diesel by 5 per cent, following the lead of Maharashtra and Gujarat.

 
         Sensex climbs 211 pts on positive economic data points    
 
 
MUMBAI: Driven by strong IIP numbers and an unchanged inflation, the Sensex Friday rallied over 211 points to 32,393, reflecting interrupted buying by domestic institutional investors.

 
         RBI sets rupee reference rate at 65.1003 against US dollar    
 
 
MUMBAI: The Reserve Bank of India Friday fixed the reference rate of the rupee at 65.1003 against the US dollar and 77.2741 for the euro.

 
         Bringing real estate under GST will be a 'disaster': Congress    
 
 
NEW DELHI: With the Centre mulling to bring real estate under Goods and Services Tax (GST) ambit, the Congress Party on Friday said that the decision would prove to be a disaster.

 
         Sensex soars 348 pts, all eyes on macro data    
 
 
MUMBAI: Market benchmark Sensex Thursday rebounded in style, surging more than 348 points -- its biggest single-day rise in three months -- to end at 32,182, spurred by oil and gas, healthcare, FMCG and auto stocks.

 
         Govt to discuss bringing real estate under GST in Nov: Jaitley    
 
 
WASHINGTON: The issue of bringing real estate under the GST's ambit will be discussed next month, Finance Minister Arun Jaitley said Thursday, as he acknowledged that it is the one sector where maximum amount of tax evasion and cash generation takes place.

 
         Sensex moves up 113 pts, Nifty climbs above 10,000    
 
 
MUMBAI: The benchmark Sensex went up 113 points and the NSE Nifty seized control of 10,000 level Thursday as domestic investors raised the bar ahead of key industrial output numbers to be released later in the day.

 
         Direct tax collections for FY 2017-18 up by 15.8 per cent    
 
 
NEW DELHI: The provisional figures of Direct Tax collections up to September, 2017 reported a 15.8 per cent increase (Rs. 3.86 lakh crore) compared to the net collections for the corresponding period of last year.

 
         India seeks global investments in energy sector: Dharmendra Pradhan    
 
 
NEW DELHI: Union Petroleum Minister Dharmendra Pradhan has said that in a bid to cut imports in energy sector, India wants to attract foreign investors to USD 300 billion worth of energy projects planned for the next decade.

 
         Sensex ends with losses, fails to keep early lead    
 
 
MUMBAI: In a reversal of trend, the Sensex Wednesday settled with losses and the NSE Nifty cracked below 10,000 as investors picked profit ahead of the earnings season.

 
         Gujarat cuts VAT on petrol, diesel; Cong sees poll angle    
 
 
Gandhinagar: In a pre-Diwali bonanza for people of the poll-bound Gujarat, the state government today reduced the value added tax (VAT) on petrol and diesel by 4 per cent.

 
         Sensex starts off high, Nifty regains 10k mark    
 
MUMBAI: The market made a strong start today as the benchmark Sensex surged 111 points, mainly driven by domestic investors and aided by positive Asian shares. Moreover, the broader NSE Nifty reclaimed the key 10,000 level. Extending its rally, the 30-share index advanced 110.72 points, or 0.34 per cent, to 31,957.61. Sectoral indices such as capital goods, metal, IT and healthcare moved in the positive zone, rising by up to 0.83 per cent. The gauge had gained 254.86 points in the previous tw

 
         Revival of gas power plants to boost consumption: Pradhan    
 
 
New Delhi: Oil minister Dharmendra Pradhan today said revival of 25 GW stranded gas-based capacity can push consumption of the fuel and transform the nation into a gas-based economy.

 
         MFs bet most on government securities: ASSOCHAM    
 
 
NEW DELHI: "When it comes to deploying their resources for long-term debt products, the mutual funds bet the most on the government securities or the sovereign," according to an ASSOCHAM analysis.

 
         Idea Cellular tops Trai's 4G upload speed rankings in Sep    
 
 
NEW DELHI: Idea Cellular Sunday said it achieved the highest 4G upload speed in September citing data compiled by telecom regulator Trai's MySpeed app.

 
         Jaitley headed for US for IMF-World Bank meets    
 
 
NEW DELHI: Finance Minister Arun Jaitley will leave on an official visit to the US Monday to participate in annual meetings of the IMF and the World Bank.

 
         'Rajan among probables for Nobel Prize for economics'    
 
 
NEW DELHI: Former RBI Governor Raghuram Rajan features in the list of probables for this year's Nobel Prize in Economics, The Wall Street Journal has reported.

 
         GST Council to continue rationalising rates: Shukla    
 
 
NEW DELHI: The GST Council will continue to rationalise rates going forward and the highest tax slab of 28 per cent would be gradually brought down, Minister of State for Finance Shiv Pratap Shukla said.

 
         64 lakh old taxpayers have migrated to GST: GSTN Chairman    
 
 
NEW DELHI: Goods and Services Tax Network (GSTN) CEO Prakash Kumar on Saturday said over 64 lakh old taxpayers have migrated to the new taxation scheme, adding that returns from the month of July are still being filed.

 
         GST rates slashed on 27 items: What's become cheaper    
 
 
NEW DELHI: According to NDTV, the GST Council Friday reduced the tax rate on range of items at its 22nd meeting held in New Delhi. Finance Minister Arun Jaitley, who heads the Council said after the day-long meeting, that GST rate on many daily-use items have been reduced, including man made yarn, unbranded namkeen, stones used in flooring and diesel engine parts, among others.

 
         GST Council approves Rs. 1 cr threshold for Composition Scheme    
 
 
NEW DELHI: The Goods and Services Tax (GST) Council on Friday raised the threshold limit for Composition Scheme to Rs. 1 crore from the current Rs. 75 lakh to ease tax filing for small traders.

 
 
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