May 23, 2017 - Welcome GST, but is it finally a goodbye to tax sops, exemptions?

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk So apparently we aren't built to live in the moment! According to this NYTimes piece, what best distinguishes our human species is an ability that scientists are just beginning to appreciate: We contemplate the future. Our singular foresight created civilization and sustains society. It usually lifts our spirits, but it's also the source of most depression and anxiety. Behaviorists thought of animal learning as the ingraining of habit by repetition. Psychoanalysts believed that treating patients was a matter of unearthing and confronting the past. Even when cognitive psychology emerged, it focused on the past and present - on memory and perception. But it is increasingly clear that the mind is mainly drawn to the future, not driven by the past. Behavior, memory and perception can't be understood without appreciating the central role of prospection. We learn not by storing static records but by continually retouching memories and imagining future possibilities. More here Advertisers of the day TradeBriefs: World of Hyatt - A new loyalty program for you Shriram Properties: Shriram Properties presents premium apartments in the heart of Ecity Phase 1- Shriram Summitt  Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Welcome GST, but is it finally a goodbye to tax sops, exemptions? Exemptions on a large number of services have been retained—a contradiction to the Arun Jaitley’s statements of keeping minimal exemptions under GST Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Why India ranks below Liberia in global healthcare rankings, in three charts A new research by ‘Lancet’ shows India ranks 154 out of 195 countries in terms of access to healthcare, which is worse than Bangladesh, Nepal, Ghana and Liberia Paytm Payments Bank offers 4% interest The first physical branch of Paytm Payments Bank will go live in Noida General Motors India exit leaves dealers, customers in a quandary Dealers warn of job losses—around 15,000—and losses of thousands of crores from around 18,000 GM vehicles in stock that will probably not find any buyers now 500 Startups may revive plan to raise India fund this year Shalini Prakash on 500 Startups says not putting India investment strategy on hold, may revisit plans for an India fund sometime later this year Goldman Sachs to invest $1 billion in India in 3-4 years Goldman Sachs is currently in the final stages of reviewing two platform deals—one in financial services and the other in quasi-real estate We prefer control deals...it's a way to achieve consistency of outcomes: Jean Eric Salata, CEO of Baring Asia "The market is growing and we are becoming increasingly active as our programme has evolved and the size of our business has grown." Banking ordinance opens up Pandora’s box It does not change the status quo, where good money is thrown after bad and no real resolution of NPAs takes place Rupee strength is unjustified The rupee’s near-term strength might be because Indian interest rates are still too high relative to that of other countries Clariant to buy Huntsman for $6.4 billion as chemical M A deals surge The Clariant-Huntsman deal follows blockbuster M&A deals of Dow Chemical-DuPont and Monsanto-Bayer in the global chemicals industry Stop charging premium from Asian buyers: India to OPEC Dharmendra Pradhan said OPEC should work towards "responsible price", which would allow major consuming countries to provide energy to the common people. Corporation Bank to raise Rs 3,500 crore The board of directors at their meeting has approved for raising of capital to the extent of Rs 3,500 crore in one or more tranches with green shoe option, said the bank. RBI to expand oversight committee for bad loan resolution RBI’s proposal to expand scope of oversight committees and role of ratings agencies part of action plan to deal with Rs7.7 trillion bad loans in the banking system Shekhar Gupta’s The Print raises funds from Ratan Tata, Nandan Nilekani, Uday Kotak Ratan Tata, Nandan Nilekani, Uday Kotak are investing in Shekhar Gupta’s online media venture The Print in their personal capacity GE faces probe for misleading EU on $1.7 billion deal: report The EU is reviewing whether GE misled officials examining a deal to buy LM Wind Power, a maker of wind-turbine blades, $1.7 billion GAIL in time-swap deal for US LNG Against a supply of 5.8 million tonnes of LNG from the US, GAIL has created a market for under 4 million tonnes in India and wants to sell the remainder overseas Delhivery receives $30 million funding from Fosun International The additional investment is a part of the bigger equity financing round where the Carlyle Group pumped in $100 million to pick up a minority stake in Delhivery Walmart India to help SME partners to become GST-ready If the potential of the goods and services tax reform is to be realized, then the GST Council has more work to do in its last meeting scheduled early next month Uday Kotak sells $261 million stake in Kotak Mahindra Bank Uday Kotak sold 18 million shares or less than 1% stake in the Kotak Mahindra Bank for Rs16.87 billion, lowering his ownership of the bank to 29.79% Sagar Ratna founder Jayaram Banan buys out India Equity Partners, regains control Sagar Ratna founder Jayaram Banan has regained control of the restaurant chain by buying out stake held by PE firm India Equity Partners for an undisclosed amount Bad loans of SBI's associate banks weigh on fourth quarter results State Bank of India’s strong performance in the fourth quarter has failed to cheer investors due to the large stock of bad loans of its associate banks SoftBank’s Masayoshi Son chases boyhood dreams with $100 billion fund SoftBank’s Vision Fund gives Masayoshi Son access to a pool of capital unparalleled in the worlds of private equity or venture capital How Suzlon Energy avoided Inox Wind’s predicament The March quarter results of Suzlon Energy and Inox Wind indicate a dichotomy that persists in India’s wind power sector S P Telecommunications index dwindles to four companies USA-TELECOMS/INDEX-TIMELINE (TIMELINE):TIMELINE-S&P Telecommunications index dwindles to four companies Despite Reliance Jio's 4G scheme, demand low: Report Billionaire Mukesh Ambani’s telecom business Jio has progressively seen decline in net subscriber additions from October 2016 to March 2017 with fre.. Microsoft India launches Project Sangam pilot to skill telecom candidates via TSSC tie-up Microsoft India will run a pilot on skilling candidates in the areas of ICTEC (Information, Communication Technology, Electronics & Cyber as related t.. OnePlus 5 launch: Will this be a more expensive smartphone? OnePlus 5 is supposed to launch this summer, but there's a chance this phone could be priced on the higher side GST effect: Telecom services, mobile phones to be expensive from July 1 FM Arun Jaitley has recently said that the GST Bill, which is to exempt the daily-use commodities from the levy, is going to be more efficient. Chinese Firms Capture 49 Percent of Indian Smartphone Market, Says CMR   About the future of gaming in India Maggi pushes new flavours in mass media campaign A look at the communication burst that promotes four new flavours - Amritsari Achari, Mumbaiya Chatak, Super Chennai and Bengali Jhaal. Coca-Cola to source more fruits from India for beverages The Coca-Cola Company is closing the loop and ramping up local sourcing of produce for its juice and aerated drinks category with an expansion of its fruit circular economy initiative. Parsi Dairy Farm: Mumbai's Gold Standard in Milk Milk-Based Products Mumbais heritage brand, the Parsi Dairy Farms products have made a welcome entry into the world of modern retail these days. Here's its story. ITC would be a better bet in FMCG space than HUL: Sanjiv Bhasin, India Infoline Expect Nifty@9200 this or next week and at 8800 next month, says Bhasin FMCG, power, dairy among top 5 sectors likely to gain from GST: Axis Securities Interview with Arun Thukral, MD & CEO of Axis Securities GCPL to expand soap, hair colour basket New Delhi, May 14 () FMCG major Godrej Consumer Products Ltd (GCPL) plans to strengthen its personal care portfolio in India and Indonesia this fiscal with the launch of new products in soaps and hair colour segments. Wheat, rice basmati strengthen on rising demand Bajra softens on reduced offtake TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India