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November 18, Saturday 2017 1:57 PM       
       HEADLINES: Pondicherry registration: Crime branch notice to Amala Paul and Fahad Fazil                                              RTO reply says Anwar’s park doesn’t have health dept’s permission                                              Thachankary removed as MD of KBPS                                              ‘Why are some against economical reservation?’ asks Pinarayi                                              Inter-state ATM fraud gang busted, three held                                              Kashmiri youth who joined LeT surrenders                                              Democracy is safe in India because of Hindus: Giriraj Singh                                              6.9 magnitude earthquake hits Tibet                                              Massive anti-Pakistan protests held across Gilgit Baltistan                                              India 172 allout at lunch after lower-order burst                                              Kaumudi Facebook
       BUSINESS  
         Moody's rating is answer to sceptics: Arun Jaitley    
 
 
NEW DELHI: Finance Minister Arun Jaitley on Friday termed Moody's upgrading India's sovereign rating after 13 years as "belated recognition" of reforms undertaken, saying that the reform agenda will continue with emphasis on higher spending on infrastructure and in rural areas.

 
         Moody's ups India credit rating    
 
 
NEW DELHI: The US-based Moody's on Friday upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook citing improved growth prospects driven by economic and institutional reforms.

 
         Sensex zooms 414 points after Moody's ups India rating    
 
 
MUMBAI: The BSE Sensex Friday skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks led a solid rally after Moody's upgraded India's sovereign credit rating.

 
         Industry pitches for bringing natural gas under GST    
 
 
NEW DELHI: More than four months after the launch of GST, the industry has pitched for inclusion of natural gas in the new indirect tax regime so as to help producers contain cost and aid in moving towards a gas-based economy. In letter to Finance Minister Arun Jaitley, industry body Ficci has said that keeping natural gas out of the Goods and Services Tax is causing hardships and having adverse impact on the producers as it is increasing their costs.

 
         Cabinet permits export of all types of pulses    
 
 
NEW DELHI: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Thursday gave its approval for the removal of prohibition on export of all types of pulses.

 
         Sensex opens in green on value-buying, climbs 164 points    
 
 
MUMBAI: The benchmark Sensex opened in the green by rising 164 points Thursday, buoyed by value-buying in select blue-chips at a time of firm Asian cues.

 
         US dollar ends cheaper against rupee    
 
 
Mumbai: The US dollar ended lower against the rupee at Rs 65.21/22 per dollar but the pound sterling finished higher at Rs 85.79/81 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

 
         Indian companies create 113 K jobs in US: Report    
 
Washington: Indian companies have created more than 113,000 jobs in the US and invested nearly USD 18 billion in the country, according to an annual report which gives state-by-state breakdown of the tangible investments made and jobs created by 100 Indian firms doing business in America and Puerto Rico.

 
         Largest diamond ever auctioned sold for record $34 mn in Geneva    
 
GENEVA: The largest diamond ever offered at auction went under the hammer in Geneva for nearly USD 34 million, a world record for a gem of its kind, the Christie's auction house said.

 
         Wholesale inflation caps six-month high at 3.59pct for Oct    
 
 
NEW DELHI: The Wholesale Price Index (WPI) grew to 3.59 per cent (provisional) for the month of October, 2017 as compared to 2.60 per cent (provisional) for the previous month, thus registering a growth of one per cent.

 
         SBI reduces employee strength; more people set to retire    
 
 
NEW DELHI: India's largest bank State Bank of India (SBI) has reduced its total employee strength by 10,584 from April to September 2017.

 
         Sensex trades high, takes retail inflation in stride    
 
 
MUMBAI: The Sensex tested the 33,000 level in opening trade Tuesday after some value-buying in select stocks despite retail inflation rising to 7-month high in October.

 
         Foreign tourist arrivals up by 18.1 pct this Oct    
 
 
NEW DELHI: The Ministry of Tourism on Monday reported an 18.1 per cent increase in the number of foreign tourist arrivals (FTA) in October this year, as compared to the corresponding period last year.

 
         Sensex extends gains, up 103 pts despite weak IIP data    
 
 
MUMBAI: The benchmark BSE Sensex extended gains for the third straight day by jumping 103 points Monday on continuous buying by investors despite disappointing macroeconomic data.

 
         GTS: Thomas Isaac feels more problems are yet to come    
 
 
THIRUVANANTHAPURAM: Finance Minister Dr. Thomas Isaac had taken to Facebook to criticise GST. He has warned all against thinking that all problems are solved now because the GST rates have been reduced, and added that more problems are yet to come.

 
         Rahul Gandhi urges govt to bring fuel under GST    
 
 
NEW DELHI: Congress Vice President Rahul Gandhi on Sunday urged the Central government to bring fuel items under GST in order to check inflation, while keeping them under the 18 per cent slab at the maximum.

 
         Not to pursue Islamic banking in India: RBI    
 
 
NEW DELHI: In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.

 
         Bank of India to commission Rs 1500 crore to Air India    
 
 
NEW DELHI: National carrier Air India will soon receive a loan worth Rs. 1,500 crore from the Bank of India towards the former's working capital requirements.

 
         BJP slams Cong for claiming credit over GST rate cuts    
 
 
NEW DELHI: The Bharatiya Janata Party slammed the Congress Party leaders for claiming credit for the Goods and Services Tax (GST) Council's decision to cut tax rates on 178 items of daily use.

 
         Pollution likely to impact tourism in Delhi-NCR    
 
New Delhi: Delhi's ongoing tourism season which is yet to pick up completely, could be severely hit owing to the deadly smog in the capital city, according to an ASSOCHAM report.

 
         Chidambaram on GST rates cuts: Congress, I are vindicated    
 
 
NEW DELHI: Senior Congress leader P. Chidambaram on Friday said that he and his party are vindicated by the cuts in the Goods and Services Tax (GST) rates.

 
         GST needs structural changes, says Rahul    
 
 
GANDHINAGAR: Congress vice-president Rahul Gandhi on Saturday said that structural changes are needed in the Goods and Services Tax (GST).

 
         Production of vehicles up by 8.13 pct, sales by 7.67 pct    
 
 
NEW DELHI: The auto industry has registered growth in production and sale of vehicles between April and October this year, as observed from the figures reported by the Society of Indian Automobile Manufacturers (SIAM).

 
         GST rate on mass consumption items cut to 18pc    
 
 
GUWAHATI: The GST Council Friday decided to reduce tax rate on a wide range of mass use items - from chewing gums to detergents -- to 18 per cent from current 28 per cent, Bihar Deputy Chief Minister Sushil Kumar Modi said.

 
         23rd GST Council meeting begins in Guwahati    
 
 
GUWAHATI: The 23rd meeting of the Goods and Services Tax (GST) is now underway and is being chaired by Union Finance minister Arun Jaitley.

 
         Chidambaram expects 'shower of changes' post GST Council meeting    
 
 
NEW DELHI: Former Finance Minister P Chidambaram on Friday said he is hopeful of a "shower of changes in GST rates" in lieu of the Goods and Services Tax (GST) Council meeting in Friday.

 
         Central govt employees can now take advance up to Rs. 25 lakh for new home    
 
 
NEW DELHI: Central government employees can now take advance up to Rs. 25 lakh for construction or purchase of a house at a simple interest rate of 8.5%, a move aimed at giving a fillip to the housing sector.

 
         ASSOCHAM solicits relief for exporters under GST    
 
 
NEW DELHI: In lieu of the 23rd meeting of the Goods and Services Council in Guwahati starting Thursday, the ASSOCHAM recommended examining the impact of the taxation scheme on exports in a bid to help exporters receive their tax refunds without any further delay.

 
         Sensex holds up ahead of GST Council decision    
 
 
MUMBAI: Stocks got back to consolidation mode in a see-saw session Thursday as the Sensex closed high after two sessions of fall, ahead of the outcome of the GST Council meet amid a good set of earnings from Tata Motors.

 
         Note ban, GST have broken textile hub Surat's legs: Rahul    
 
 
Surat: Lashing out at the Centre, Congress vice president Rahul Gandhi today said note ban and GST rollout have broken the legs of Surat as he observed a "black day" in the country's textile and diamond hub. Gandhi interacted with industry representatives and workers at Nirman Industries' loom factory in Katargam industrial development area after he arrived in the Surat city of the poll-bound Gujarat.

 
 
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