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April 25, Wednesday 2018 4:17 PM       
       HEADLINES: Baby girl found abandoned                                              Pinarayi death case: 'Auto-driver bought rat poison for Soumya'                                              POCSO Act: Death penalty will be futile, says Justice Shah                                              Siddaramaiah files nomination from Badami                                              Parliament is not immune to casting couch: Renuka Chowdhary                                              Decision to reject impeachment motion against CJI was not hasty: Venkaiah Naidu                                              Centre defends death by hanging in SC, says far safer and quicker                                              Death toll in Toronto truck collision rises to 10                                              Fire in karaoke bar in China kills at least 18                                              Selective army censorship of press may impact Pak polls                                              US plans to end work permits for spouses of H-1B visa holders                                              IPL '18: Kings XI Punjab prevail as DD continue to lose                                              I’ll share champagne with Kohli if he breaks my record: Tendulkar                                              Barcelona Open: Bopanna-Vasselin look for winning start                                              Zverer surges to 3rd spot, Nadal stays top in ATP rankings                                              Tendulkar recalls 'happy dents' of World Cup triumph                                              Kaumudi Facebook
       BUSINESS  
         CBDT notifies introduction of section 112A in the Act    
 
 
NEW DELHI: Central Board of Direct Taxes (CBDT) on Tuesday notified that the Finance Act, 2018 has withdrawn the exemption under clause (38) of section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act.

 
         'Diesel price hike affecting garment industries'    
 
 
HYDERABAD: The President of Garment Manufacturers and Wholesale Association of Telangana, Pavan Bansal, on Monday said that the recent rise in diesel prices was affecting the garment industries all over the country.

 
         Sensex gains for 2nd day, Nifty tops 10,600-level    
 
 
MUMBAI: Benchmark indices managed to close higher for the second straight session today, led by gains in refinery, capital goods, healthcare, auto and banking stocks amid a firming trend in global markets.

 
         E-way bill rollout on Wednesday in four states: Centre    
 
 
NEW DELHI: The Centre on Monday stated that the e-way bill system for intra-state movement of goods will be rolled out in four more states and one union territory on Wednesday.

 
         Nifty ends above 10,550, up 20.65 points    
 
 
MUMBAI: Benchmark Nifty rose 20.65 points to end at 10,584.70 Monday, driven by buying in realty, pharma, IT, media, PSU bank and auto sectors.

 
         Millennials switching jobs fast, techies lead the way: Study    
 
 
MUMBAI: There has been an upswing in switching jobs swiftly and aggressively in last 16 years, especially by the millennial workforce in technical roles like data scientists, software engineers and product managers, according to a study.

 
         Deposits in Jan Dhan accounts cross Rs. 80,000 crore    
 
 
NEW DELHI: Total deposits in Jan Dhan accounts crossed Rs. 80,000 crore mark with more people joining the flagship financial inclusion programme, according to official data.

 
         Is cash crunch affecting printing machinery biz?    
 
 
NEW DELHI: When asked about whether the alleged cash crunch in the country is also affecting the printing machinery business, Sangam Khanna from Komori, the company which is among the top two companies worldwide engaged in providing currency printing machines, said that their business supplies the equipment as and when asked by the Reserve Bank of India (RBI).

 
         Recruitment growth eases to 3% in March '18    
 
 
NEW DELHI: A recent report published by online job portal, Naukri.com, reported a three per cent hike in hiring activity in March, down from six percent in the previous month.

 
         India's role to expand in Indo-Pacific region: IMF    
 
 
WASHINGTON: India's role in the development of the Indo-Pacific region will continue to expand because of its robust growth, the IMF has said but underlined that there is room to increase its export orientation and to reduce further barriers.

 
         Forex reserves at life-time high of $426.082 bn    
 
 
MUMBAI: The country's foreign exchange reserves expanded by USD 1.217 billion to touch a life-time high of USD 426.082 billion in the week to April 13, helped by rise in foreign currency assets, the Reserve Bank of India (RBI) said.

 
         Sensex ends flat; tech stocks surge    
 
 
MUMBAI: The BSE Sensex slipped 12 points to end at 34,415.58 today as participants turned cautious after minutes of the last Monetary Policy Committee (MPC) meeting indicated the Reserve Bank may shift to a hawkish stance in June.

 
         Passengers could be compensated up to Rs. 20,000 for flight delays, cancellations: draft rules    
 
 
NEW DELHI: Air travellers could be paid a compensation of up to Rs. 20,000 for flight delays and cancellations and Rs. 5000 for being denied boarding, a draft passenger charter has proposed.

 
         Rlys' operating ratio could be its worst ever in FY 18    
 
 
NEW DELHI: Railways' operating ratio, the direct indicator of working of the government-run transporter could settle at 98.5 per cent for 2017-2018, recording its worst performance ever since 2000-2001 when it was 98.3 per cent, an official said.

 
         Chai villa: Engineering couple who gave up cushy jobs to sell tea    
 
 
NAGPUR: The love for tea and aspiration to do something unique led two individuals to give up their careers as engineers and start a tea shop in Nagpur.

 
         Sensex spurts 96 pts in see-saw trade; metals shine    
 
 
MUMBAI: Benchmark Sensex rebounded by about 96 points to end at 34,427.29 Thursday, led by robust buying in metal stocks amid mixed global cues.

 
         Cash crunch: Now bank unions threaten agitation    
 
 
VADODARA: Claiming that bank staff is facing public anger due to cash crunch at banks and ATMs, the All-India Banks Employees Association (AIBEA) Thursday threatened to launch an agitation as it blamed the government and the RBI for the situation.

 
         Sensex rises over 100 pts, Nifty above 10,500    
 
 
MUMBAI: The BSE benchmark Sensex rose over 100 points in early trade Thursday tracking strong Asian cues supported by a rally in oil prices and easing global trade concerns.

 
         Reports of cash shortage defy logic: SBI    
 
 
New Delhi [India], Apr. 18 (ANI): In the wake of a reported cash crunch in the country, the State Bank of India (SBI) on Wednesday rubbished reports saying they "defy logic". In a report titled 'The (Non) genuity of cash crunch', authored by Dr. Soumya Kanti Ghosh, SBI's Group Chief Economic Adviser, the bank argued that currency in circulation (CIC) in the economy had surpassed its pre-demonetisation level of Rs 17.98 lakh crore to reach Rs 18.29 lakh crore by March this year, thereby d

 
         Lenders need to be proactive in monitoring borrowers: RBI    
 
Pune (Maharashtra): Amid a recent surge in payment delays and loan defaulting, Reserve Bank of India (RBI) Deputy Governor N.S. Vishawanathan said lenders need to be proactive in monitoring their borrowers and identifying financial stress, using a combination of leading indicators and renegotiation points in the form of loan covenants, rather than wait for a borrower to default.

 
         Loan default: DPIL directors presented before CBI court    
 
 
Ahmedabad (Gujarat): The directors of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), Amit Bhatnagar and Sumit Bhatnagar, were presented before a special Central Bureau of Investigation (CBI) court on Wednesday, in connection with an alleged fraud of Rs 2654 crore with 11 banks.

 
         Parliamentary Committee summons RBI Governor amid banking scams    
 
 
NEW DELHI: Amid the banking scams unearthed in the recent past, the Parliamentary Committee has reportedly summoned Reserve Bank of India (RBI) Governor Urjit Patel.

 
         Pay extra for choosing middle seats on Air India flights    
 
 
NEW DELHI: Air India passengers will now have to shell out more for choosing middle seats in the front and the middle portions of the aircraft, according to a communication.

 
         Govt invites EoI for strategic sale of Bharat Pumps    
 
 
NEW DELHI: Government has invited expression of interest (EoI) for selling its entire stake in Bharat Pumps, a loss-making firm under the Heavy Industry Ministry.

 
         China facing possible economic meltdown    
 
 
HONG KONG: China, it seems, is in the throes of an unprecedented economic and financial crisis. According to an article published in the Jing Rong Jie (Financial World) website, and reported by the chinascope.org website, Beijing spends a huge 15 to 17 per cent of its gross domestic product (GDP) each year in meeting its interest payments.

 
         ATMs run dry in many states; Will be resolved soon, says Govt    
 
 
NEW DELHI: ATMs are out of cash or not working, people have reported from several states, including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana.

 
         Sensex extends gains on normal monsoon forecast    
 
 
MUMBAI: Extending its rising streak for the ninth session, the benchmark BSE Sensex advanced nearly 100 points in opening trade Tuesday, after forecast of a normal monsoon for the year.

 
         Trai unveils beta site for comparison of telcos' tariffs    
 
 
NEW DELHI: Telecom regulator Trai Monday unveiled beta version of a portal that aims to bring on one platform the telecom tariffs offered by different operators and in different service areas.

 
         AI suspends senior officer for indiscipline    
 
 
NEW DELHI: Air India Monday said it has suspended a senior officer for "indiscipline" after he got into an altercation with a passenger over a business class seat in a domestic flight.

 
         Sensex tanks 293 pts on weak Asian cues; Infy falls 4%    
 
 
MUMBAI: The BSE benchmark Sensex fell nearly 300 points to crack below the 34,000-mark Monday amid weak Asian cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

 
 
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