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Tax issues: Communication gap between Centre and officials(18 minutes ago)
New Delhi, Aug 18 (IANS) Even as the government tries to ease the 'tax concerns' of corporates, the bureaucracy still seems to be stuck in its old ways.

Cash-for-Clunkers: Auto industry bets big on scrappage policy(12:36)
By Rohit Vaid
New Delhi/Mumbai, Aug 18 (IANS) Faced with a massive sales downturn, India's automobile industry is betting big on a scrappage policy to revive demand for the already dented sector.

Sectoral policy intervention in works, no fiscal stimulus(11:22)
New Delhi, Aug 18 (IANS) The Finance Ministry is holding back-to-back discussions with the Prime Minister's office and the Reserve Bank of India to come out with a sectoral policy package at the earliest but sources rule out any fiscal stimulus having direct revenue implications.

Last narrow gauge line in Central India to chug into history(09:36)
By Quaid Najmi
Nagpur, Aug 18 (IANS) The old world magic and excitement of travelling leisurely by trains on narrow gauge railway lines, is fast becoming a thing of the past world over, including India.

Delhi-NCR to get 300 more EV charging stations in 6 months(08:26)
By Rohit Vaid
New Delhi, Aug 18 (IANS) The national capital and its surrounding urban centres will soon get 300 more electric vehicle (EV) charging stations in the next five to six months.

Slowdown: Hyundai Motor India lists 'no production days'(21:18)
Chennai, Aug 17 (IANS) India's second largest car maker, Hyundai Motor India Ltd (HMIL) has declared "no production days" this month for some of its production departments owing to tough market conditions for the automobile sector.

ISRO plans to source 5 PSLV rockets from domestic firms(20:32)
Chennai, Aug 17 (IANS) Targeting to realise 12 Polar Satellite Launch Vehicles (PSLV) per year from the domestic private sector, Indian space agency ISRO's commercial arm NewSpace India Ltd has issued an Expression of Interest (EoI) for first manufacturing five of these rockets.

Coffee Day group's outstanding debt at Rs 4,970 cr(20:18)
Bengaluru, Aug 17 (IANS) The Coffee Day group on Saturday said its total outstanding debt was Rs 4,970 crore, including Rs 4,796 crore secured loans and Rs 174 crore in unsecured loans.

Market borrowings touch 57% of Budget Estimates in June(19:30)
New Delhi, Aug 17 (IANS) The government's market borrowings have touched Rs 2.54 lakh crore, which is 57 per cent of the Budget Estimates, as of June 2019.

Trump tweets about dinner with Tim Cook(19:06)
San Francisco, Aug 17 (IANS) Apple would be spending "vast sums of money in the US", President Donald Trump said while announcing Tim Cook as his dinner guest for the Friday night.

German company to set up centre of excellence in Himachal(18:46)
Shimla, Aug 17 (IANS) German-based Export-Akademie Baden-Wurttemberg will establish a centre of excellence for innovation and technology management in Himachal Pradesh, Additional Chief Secretary Shrikant Baldi said on Saturday.

Excess water released from Bhakra Dam, more discharges likely(17:00)
Chandigarh, Aug 17 (IANS) As the Bhakra Dam across the Sutlej in Himachal Pradesh reached its capacity, excess water was released as a precaution, which could cause flood in villages located downstream, officials said

3 injured, flight, train services hit as rains lash Bengal(15:48)
Kolkata, Aug 17 (IANS) Three persons were injured, flight and train services disrupted as large parts of Kolkata and other south Bengal districts submerged in water on Saturday following heavy monsoon rains.

I-T Dept issues 17-point checklist to trace unaccounted DeMO cash(15:32)
New Delhi, Aug 17 (IANS) In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commisioners across the country to track those who deposited unaccounted cash during demonetisation.

CEOs must prioritize water risks in boardroom meets: Report(14:10)
New Delhi, Aug 17 (IANS) As the world stares at 40 per cent water supply gap by 2030, managing water must be a priority in the boardroom of every company in the world including in India -- to create and develop competitive advantages, while reducing financial losses and ensuring continuity of operations, a new report has suggested.

Goa should have more beach shacks: Association(14:00)
Panaji, Aug 17 (IANS) Goa's beach shack owners have demanded an increase in the number of shacks dotting Goa's beaches, while also urging the state government to create a separate policy for traditional shack owners, Cruz Cardozo, President of the Goa Shack Owners Welfare Society said on Saturday.

General Electric engaged in 'bigger fraud than Enron': Whistleblower(13:04)
San Francisco, Aug 17 (IANS) A whistleblower has accused General Electric (GE) of hiding massive losses by engaging in a $38 billion accounting fraud, which is "bigger than Enron".

Jagan calls for catalysing US-Andhra economic ties(12:28)
Amaravati, Aug 17 (IANS) Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has urged the US-India Business Council (USIBC) to work with his government to identify '5 big ideas' to catalyse the US-Andhra Pradesh economic partnership.

More than Rs 1 lakh crore in PMJDY accounts(09:38)
Bhopal, Aug 17 (IANS) More than Rs 1 lakh crore have been deposited in over 36 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), reveals an RTI.

US stocks close higher amid fading recession fears(05:06)
New York, Aug 17 (IANS) US stocks closed higher, wrapping up the week in a positive note, as the market was mildly buoyed by easing US bond market and a batch of mixed economic data.

Quicker security check-in facility at Delhi airport's T2(23:16)
New Delhi, Aug 16 (IANS) To provide hassle-free check-in to domestic passengers, the GMR-led Delhi International Airport (DIAL), the company which operates New Delhi's IGI Airport, on Friday introduced an 'Express' security check-in facility at Terminal 2.

India's forex reserves up $1.62 bn; reaches $430.57 bn(23:16)
Mumbai, Aug 16 (IANS) India's foreign exchange reserves increased by $1.62 billion during the week ended August 9, official data showed on Friday.

SpiceJet to launch 12 new domestic flights from October(23:08)
New Delhi, Aug 16 (IANS) Budget passenger carrier SpiceJet on Friday said it will launch 12 new domestic flights effective from the first week of October 2019.

New DVR rules of Cos Act enable promoters retain control(22:12)
New Delhi, Aug 16 (IANS) The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the Companies Act with the objective of enabling promoters of Indian companies to retain control of their companies while as they raise equity capital from global investors with DVR shares now making up 74 per cent of total voting rights instead of 26 per cent earlier.

Ponzi scam: ED attaches Nowhera Sheikh's properties worth Rs 299 cr(21:16)
New Delhi, Aug 16 (IANS) The Enforcement Directorate on Friday said it has attached properties to the tune of Rs 299 crore of Nowhera Sheikh of Heera Group including 96 immovable properties spread across several states in its probe into the ponzi scam.