Monthly Archives: October 2017

News Talk#44-GST,Mukesh Ambani,Infosys,NSC,PPF,Airtel,World Bank,Federal Reserve,Growth,Jio

News Talk#44-GST,Mukesh Ambani,Infosys,NSC,PPF,Airtel,World Bank,Federal Reserve,Growth,Jio

In today’s News Talk you will see the latest news on GST,Mukesh Ambani,Infosys,NSC,PPF,Airtel,World Bank,Federal Reserve,Growth,Jio

1. GoM suggests making GST inclusion in MRP mandatory, also suggested lowering the fees for delayed filing of returns to Rs 50 a day from Rs 100. Panel also pitched for extending the quarterly filing of returns facility to all taxpayers.
Businesses with turnover of up to Rs 1.5 crore are allowed to file returns and pay taxes every quarter.
further simplification in return filing process, HSN Code and invoice matching.

2. Mukesh Ambani said bet your money in India, as India is biggest investment opportunity and can grow to $7.5 trillion economy

3. Infosys won the Rs 1,380 crore contract in 2015 to implement the world’s largest digital tax system and maintain its portal for five years.
Infosys to Expand Team to Fix Bugs in GST Network

4. NSC(National Savings Certificate) and PPF (Public Provident Fund) will be closed when the citizen becomes NRI, encashment will be done at flat post office rate of 4%.

5. Bharti Telecom to buy 4.62% stake in Airtel for up to $1.5b

6. India’s ranking in the World Bank’s ease of doing business is now 100th spot from 130th position last year.

7. US Federal Reserve Chair Janet Yellen, whose term expires early next year, Raghuram Rajan can be the an ideal choice as per Barron’s magazine

8. Eight core sectors grew to a six-month high of 5.2 per cent in September, robust performance in coal, natural gas and refinery segments, in April it was 2.6 %
Eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had witnessed a growth of 5.3 per cent in September last year

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News Talk#43-Composition,GSTR-4,RTI,RBI,LIC,Nielsen,GSTR-2,GSTR-3,Pollution,demonetisation

News Talk#43-Composition,GSTR-4,RTI,RBI,LIC,Nielsen,GSTR-2,GSTR-3,Pollution,demonetisation

In today’s News Talk you will see the latest news on Composition,GSTR-4,RTI,RBI,LIC,Nielsen,GSTR-2,GSTR-3,Pollution,demonetisation

1. Group of Ministers set up to make GST composition scheme more attractive today suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent.
Manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent. Traders currently pay 1 per cent.

2. GSTR-4 which will be used by composition scheme businesses for filing returns. The utility will be available on GSTN portal soon

3. Reserve Bank Of India (RBI) does not seem to have any official records to prove that it had authorised the issue of new currency notes in denominations of Rs 2,000 and Rs 200, after demonetisation, according to documents available through RTI.
“As per RTI replies provided by the RBI, the country’s central bank has apparently not published any Government Resolution (GR) or a circular till date to issue the new Rs 2,000 and recently, the Rs 200 currency notes,” says Mumbai-based RTI activist M.S. Roy.

4. LIC may participate in bank recapitalisation programme

5. ‘Bharat 22’ Exchange Traded Fund (ETF) comprising 22 scrips of public sector units, banks and other entities is likely to hit the market on November 15
Rs8000 Cr as part of disinvestment

6. Survey by Nielsen : 76% LED bulbs in India risky to use

7. Nearly 12 lakh businesses have filed GSTR-2, Deadline for filing July’s GSTR-2 has been extended to November 30
last date for filing of GSTR-3 for the month of July has also been extended to December 11

8. Amount of carbon dioxide in the earth’s atmosphere grew at record rate in 2016 to a level not seen for millions of years
Adding 3 degrees to temperatures

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News Talk#42-Trade deficit,GDP,BCAS,Airport,PFRDA,economy,Ujala,EESL,RBI,Chabahar

News Talk#42-Trade deficit,GDP,BCAS,Airport,PFRDA,economy,Ujala,EESL,RBI,Chabahar

In today’s News Talk you will see the latest news on Trade deficit,GDP,BCAS,Airport,PFRDA,economy,Ujala,EESL,RBI,Chabahar

1. Indian professionals who contribute around $1 billion (Rs 6,670 crore) each year to US social security.
$29.6-billion US trade deficit with India
In 2016, India’s GDP was estimated $2.3 trillion, India looking to double it to $5 trillion in coming years
US assures India won’t cut imports.

2. Bureau of Civil Aviation Security (BCAS) has put forth a list of 10 identity documents that you can use as an alternative to establish your identity and to get through the security check at Airport terminals

1) Passport
2) Voter ID
3) Aadhaar or m-Aadhaar
4) Pan Card
5) Driving licence
6) Service ID
7) Student ID card
8) Passbook of account in a nationalised bank with photo
9) Pension card or pension documents with photo
10) Disability ID card or handicapped medical certificate

3. Pension Fund Regulatory and Development Authority (PFRDA) announced a range of incentives payable to Points of Presence (POPs), the principal distributive points for the National Pension System (NPS).
Initial subscriber registration amount, which was Rs 125, has now been raised to Rs 200.

4. Assam CM launches a new web portal to provide data to people on government projects
https://as.cmdashboard.nic.in/

5. India now second-largest smartphone market in world after china beating US

6. President Ram Nath Kovind today said the future of the country’s economy and employment creation depends heavily on the success the nation achieves with Digital India

7. Energy Efficiency Services Limited (EESL), the Government of India enterprise entrusted to provide these energy efficiency lamps has distributed 41.13 Lakh LEDs in the State(Uttaranchal) under the Unnat Jeevan by Affordable LEDs and Appliances (UJALA) project.
Secretary Power, Radhika Jha: she directed the officers to ensure that the target of providing 1 crore LEDs in the State is achieved.

8. Bank recap plan to push GDP growth to 7% in FY19: Report

9. Note ban : RBI says still verifying returned notes
RBI said it has processed about 1,134 cr pieces of Rs 500 notes and 524.90 cr pieces of Rs 1,000 junked notes
combined value of the processed notes is Rs 10.91L crore approximately.

10. India on Sunday sent its first consignment of wheat to Afghanistan through the Chabahar port in Iran, seen as a “landmark” move to operationalise the new strategic transit route
The shipment was flagged off from the Kandla port in Gujarat

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News Talk#41-Pradhan Mantri Awas Yojana,Samsung,Banks,Amazon,APY,Whatsapp,Indian Railway

News Talk#41-Pradhan Mantri Awas Yojana,Samsung,Banks,Amazon,APY,Whatsapp,Indian Railway

In today’s News Talk you will see the latest news on Pradhan Mantri Awas Yojana,Samsung,Banks,Amazon,APY,Whatsapp,Indian Railway

1.  2.4 Cr affordable homes to be built under Pradhan Mantri Awas Yojana by March 2019
1.2 crore by PMAY (urban) scheme at cost of Rs 1,85,069 crore in three years and rest by rural
PMAY (Gramin) 1.02 crore units would be built at a cost of Rs 1,26,795 crore by the Centre and states by March 2019

2. Samsung is gifting a free Galaxy Note 8, its flagship phone that costs Rs 67,900 in India, to people during flights
In Spain they have given Note 8 to all 200 passengers as part of promotion

3. Chief Economic Adviser Arvind Subramanian: India should have 5-7 large banks ideally

4. Amazon to control nearly 45% of e-commerce in 2017 in US as per emarketer report

5. Check your Atal Pension Yojana or NPS contributions by APY and NPS Lite app.
https://play.google.com/store/apps/details?id=nsdl.npslite&hl=en

6. WhatsApp will finally let you delete sent messages, but only within a seven-minute window

7. Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd
700,000 metric tons of rails

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