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Govt offers resolution for pre-GST disputes with tax authorities


There will also be an amnesty scheme. Under this, the assessee will have to voluntarily disclose the due taxes

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/govt-offers-resolution-for-pre-gst-disputes-with-the-authorities-119082300056_1.html

Unprecedented financial sector crisis in 70 years, says NITI Aayog


NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/unprecedented-financial-sector-crisis-in-70-years-says-niti-aayog-119082300053_1.html

Unprecedented financial sector crisis in 70 years, says NITI Aayog


NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/unprecedented-financial-sector-crisis-in-70-years-says-niti-aayog-119082300053_1.html

Govt bailouts a moral hazard, says CEA Krishnamurthy Subramanian


Calls for a fiscal boost from the government for sectors like automobiles have been growing in the past few weeks after the budget from Nirmala Sitharaman failed to provide support

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/govt-bailouts-a-moral-hazard-says-cea-krishnamurthy-subramanian-119082300045_1.html

Govt bailouts a moral hazard, says CEA Krishnamurthy Subramanian


Calls for a fiscal boost from the government for sectors like automobiles have been growing in the past few weeks after the budget from Nirmala Sitharaman failed to provide support

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/govt-bailouts-a-moral-hazard-says-cea-krishnamurthy-subramanian-119082300045_1.html

E-commerce giant Amazon buys 49% stake in Kishore Biyani's Future Coupons


Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/e-commerce-giant-amazon-buys-49-stake-in-kishore-biyani-s-future-coupons-119082300058_1.html

E-commerce giant Amazon buys 49% stake in Kishore Biyani's Future Coupons


Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/e-commerce-giant-amazon-buys-49-stake-in-kishore-biyani-s-future-coupons-119082300058_1.html

Domestic air passenger traffic growth hits a five-year low: DGCA report


Air traffic grew in single digits for first time in four years in January

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/domestic-air-passenger-traffic-growth-hits-a-five-year-low-dgca-report-119082300030_1.html

Domestic air passenger traffic growth hits a five-year low: DGCA report


Air traffic grew in single digits for first time in four years in January

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/domestic-air-passenger-traffic-growth-hits-a-five-year-low-dgca-report-119082300030_1.html

EPFO to allocate equity investments equally in Nifty and Sensex firms


Decision against hiring private fund managers

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/epfo-to-allocate-equity-investments-equally-in-nifty-and-sensex-firms-119082201471_1.html

Rajiv did not use his 1984 mandate to create an atmosphere of fear: Sonia


She also lauded her son Rahul Gandhi's act of quitting as the party chief after the Congress' loss in the 2019 Lok Sabha polls

Click here to Read full Details Sources @ https://www.business-standard.com/article/politics/rajiv-did-not-use-his-1984-mandate-to-create-an-atmosphere-of-fear-sonia-119082201459_1.html

Oppn condemn CBI's treatment of Chidambaram, but fail to hold joint protest


Opposition leaders criticised the "insulting" manner in which the CBI arrested Chidambaram in the INX Media case

Click here to Read full Details Sources @ https://www.business-standard.com/article/politics/oppn-condemn-cbi-s-treatment-of-chidambaram-but-fail-to-hold-joint-protest-119082201458_1.html

India's fiscal environment never been better in 300 years: Narayana Murthy


Murthy said patriotism implies working for the country, putting its interests ahead of one's personal interests

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/india-s-fiscal-scene-never-better-in-300-yrs-gives-hope-of-poverty-elimination-murthy-119082201433_1.html

India's fiscal environment never been better in 300 years: Narayana Murthy


Murthy said patriotism implies working for the country, putting its interests ahead of one's personal interests

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/india-s-fiscal-scene-never-better-in-300-yrs-gives-hope-of-poverty-elimination-murthy-119082201433_1.html

Govt proposes ban on e-cigarettes, jail terms for offenders: Report


Health ministry's plan would deal a blow to U.S.-based Juul Labs Inc, which is hoping to launch its e-cigarette in India.

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/govt-proposes-ban-on-e-cigarettes-jail-terms-for-offenders-report-119082201449_1.html

Sensex, Nifty fall 1.6% as stimulus hope fades; small-caps bleed


Most investors were expecting the government to increase spending to shore up economic growth

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/sensex-nifty-fall-1-6-as-stimulus-hope-fades-small-caps-bleed-119082201397_1.html

Sensex, Nifty fall 1.6% as stimulus hope fades; small-caps bleed


Most investors were expecting the government to increase spending to shore up economic growth

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/sensex-nifty-fall-1-6-as-stimulus-hope-fades-small-caps-bleed-119082201397_1.html

Anil Agarwal's Twin Star Tech not to bid for RCom assets: Report


"Twin Star Technologies will not bid for RCom assets. The company is likely to make a formal announcement in the regard shortly," the source said

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/anil-agarwal-s-twin-star-tech-not-to-bid-for-rcom-assets-119082201383_1.html

Most of the slowdown is automobile industry's own making: Rajiv Bajaj


Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees

Click here to Read full Details Sources @ https://www.business-standard.com/article/automobile/most-of-the-slowdown-is-automobile-industry-s-own-making-rahul-bajaj-119082201387_1.html

Most of the slowdown is automobile industry's own making: Rajiv Bajaj


Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees

Click here to Read full Details Sources @ https://www.business-standard.com/article/automobile/most-of-the-slowdown-is-automobile-industry-s-own-making-rahul-bajaj-119082201387_1.html

Logging out of #logout campaign, getting back to work: Zomato founder


Rahul Singh is the president of NRAI, which has led the charge against Zomato's deep discounting membership-based scheme Zomato Gold

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/logging-out-of-logout-campaign-getting-back-to-work-zomato-founder-119082201360_1.html

Bombay HC vacates Maharashtra's order attaching 63 Moons' properties


Observes NSEL is not a financial establishment; EOW to challenge the order in SC

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/bombay-hc-vacates-maharashtra-s-order-attaching-63-moons-properties-119082201305_1.html

CBI court sends P Chidambaram to custody till August 26 in INX media case


He was produced before the special CBI court around 3 pm on Thursday, where a courtroom packed with advocates, mediapersons, and law interns awaited him

Click here to Read full Details Sources @ https://www.business-standard.com/article/current-affairs/cbi-court-sends-p-chidambaram-to-custody-till-august-26-in-inx-media-case-119082201273_1.html

Narendra Modi to launch $4.2-million Hindu temple project in Bahrain


The project also envisages a facility for hosting Hindu weddings, in line with the Bahrain Tourism and Exhibition Authority's initiative to make the Kingdom a hub of Indian weddings

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/modi-to-launch-usd-4-2-million-redevelopment-project-of-hindu-temple-in-bahrain-119082201258_1.html

HSBC lays off 150 employees from India back offices for 'realignment'


The layoffs were are at the mid-management level at HSBC centres in Pune and Hyderabad.

Click here to Read full Details Sources @ https://www.business-standard.com/article/economy-policy/hsbc-lays-off-150-employees-from-india-back-offices-for-realignment-119082200986_1.html

Sebi fines Trigon Zinco Rs 5 lakh for not redressing investors' grievances


SCORES is an online complaint redressal system of Sebi through which the complaints received by the regulator are electronically forwarded to the listed company

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/scores-violation-sebi-fines-trigon-zinco-rs-5-lakh-119082200950_1.html

Rupee crashes to over 8-month low of 71.81 on foreign fund outflows


Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/rupee-crashes-to-over-8-mth-low-of-71-81-against-usd-119082200937_1.html

JM Financial former V-P, other settle insider trading case with Sebi


Atul Saraogi is son-in-law of Vimala Devi Kalantri, according to Sebi's order

Click here to Read full Details Sources @ https://www.business-standard.com/article/pti-stories/jm-financial-former-vp-other-settle-insider-trading-case-with-sebi-pays-rs-1-24-cr-119082200930_1.html

144 stocks trade at over five-year low; Nomura lowers Nifty target


Given the economic slowdown, analysts see more downward revisions in corporate earnings over the next few quarters.

Click here to Read full Details Sources @ https://www.business-standard.com/article/markets/103-stocks-trade-at-over-five-year-low-nomura-lowers-nifty-target-119082200373_1.html

Ministry of Mines stays cancellation of NMDC lease for Donimalai mine


NMDC and the state administration got into a legal battle over Donimalai after the state government decided to levy a premium on the iron ore extracted from the mine

Click here to Read full Details Sources @ https://www.business-standard.com/article/companies/ministry-of-mines-stays-cancellation-of-nmdc-lease-for-donimalai-mine-119082200146_1.html

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