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Monday, 12 December 2016

CA Passion Imp news highlights of the day (12-12-2016)

Economical Times

Ø  GST Council meet in the shadow of demonetisation
Ø  'Power sector to pull off a good story ahead'
Ø  "Note ban no surgical strike on black money"
Ø  Mistry took advantage of free hand: Tata Sons 
Ø  Ratan Tata hailed as saviour of UK steel industry
Ø  British PM May faces another Brexit legal challenge
Ø  India aims to join top 50 in ease of business ranking
Ø  Banks must keep deposits record of notes: Govt

 Business Standard

Ø  GST deadline goes for a toss but FM still hopeful
Ø  FRBM panel report likely by Tuesday
Ø  Demonetisation hits earnings, spending across India: Survey
Ø  Govt to amend RBI Act to annul old Rs 500, Rs 1,000 notes
Ø  23% Jan Dhan accounts still without balance; deposit surge abates
Ø  Payment of Wages Act to be amended: Bandaru Dattatreya
Ø  ONGC awaits DGH nod for $5 bn KG-D5 gas development plan

Business Line

Ø  BoB in talks to buy Central Bank’s housing finance arm
Ø  Nine of top 10 firms add Rs. 56,112 cr in m-cap
Ø  Panel seeks revival of Hindustan Antibiotics
Ø  IL&FS may sell assets to trim debt
Ø  Startups Club to expand in India, abroad
Ø  Mobile banking usage already well over last FY’s mark: RBI 

 Mint

Ø  Demonetisation took a toll on rural sales of FMCG industry: Godrej Consumer
Ø  Tribunal orders CCI to probe Uber for alleged dominance abuse
Ø  Parsvnath Developers raises Rs200 crore via debentures, gives exit to JP Morgan
Ø  Jaiprakash Associates Q2 net loss widens to Rs781.2 crore

Financial Express

Ø   With just one percent suspicious accounts, I-T has to probe nearly 40 lakh cases
Ø  Unorganised sector witnessing job losses post demonetisation: Assocham
Ø  India can save USD 6 billion through ethanol-blended fuel: Report

Financial Chronicle

Ø  NHAI’s compensation for toll revenue loss insufficient: ICRA
Ø  BPSL gets green nod for Rs 9,090 crore expansion project in Odisha