Jul 4, 2017 - How the Ganga and GST are hijacking India's clean energy fund

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Sree Vijaykumar From the Editor's Desk The Qatar crisis is about foreign policy and about terrorism, depending on which side you listen to. The latest deadline set by Gulf Arab states for Qatar to submit to a humiliating list of 13 demands is due to expire at midnight on Tuesday. Qatar stands accused of supporting terrorism and extremism by a triumvirate of Gulf Arab states - Saudi Arabia, UAE and Bahrain - backed by Egypt and others. Saudi Arabia has closed Qatar's only land border, forcing it to get regular plane-loads of food from Iran. The 13 demands include closing down Qatar's controversial satellite TV network, Al Jazeera, which has long been a thorn in the side of its conservative neighbours. Another demand is the closing of a Turkish military base, recently reinforced by a contingent of troops and armoured vehicles. It's complicated and threatens to further complicate the geo-political situation in the Middle East. Understand what this crisis is about in this article. Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). How the Ganga and GST are hijacking India's clean energy fund The National Clean Energy and Environment Fund is being used to finance the government's pet projects even as mining-hit Adivasi communities are neglected. 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. Banks set to resume bullion imports soon Banks had stopped importing bullion in the run-up to the GST rollout for lack of clarity. Banks dump $15 billion bonds in India tug-of-war with foreigners As lenders sold Rs95,200 crore of sovereign bonds last quarter, overseas funds added more than Rs42,200 crore to their holdings of the debt United Payments Interface transactions hit 10mn mark in June The Unified Payments Interface (UPI) crossed the 10-million mark in terms of transaction volumes in June, National Payments Corporation of India (NPCI) said on Monday. Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accounts To complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines desc ribe withdrawals as all debit transactions. An investor's guide to life after GST What should investors make of the goods and services tax (GST)? Coal inventory slides despite rising production levels Power plant coal stocks have fallen dramatically, and are now enough for 11 days of power generation, down from 22 days a year ago, and below a normative requirement of 20 days VCs make over $1 billion in the first half of 2017 Chennai: 2017 is on track to becoming a bumper year for venture capital exits in India, on the back of mega cash exits worth $650 million from One 97 Communications, (the parent company of Paytm), VC investors have harvested over $1 billion via exits/secondary sales during the first six months of the year. Now it's GST's turn to weigh on India's manufacturing sector, after demonetisation Nikkei PMI eased to a three-month low of 51.7 in June, which isn't surprising given the way India's manufacturing firms are grappling with GST implementation Start-ups struggling with costs vs growth dilemma Start-up investors say it's a healthy sign that internet companies are reducing ad spending and discounts, but no one has yet cracked the code on achieving profits Indostar in talks to buy 70% stake in ICICI Home Finance IndoStar Capital will pay Rs2,000 crore for 67% stake in ICICI Home Finance, ICICI Bank will continue as a minority shareholder with a 33% stake NSE IPO may be delayed as Sebi wants algo-trading case resolved first NSE may have refile IPO papers with Sebi after resolving the issue where some stockbrokers allegedly got preferential access to its algorithmic trading systems NMCE and ICEX to merge, creating India's third largest commodity National Multi Commodity Exchange (NMCE) has decided to merge with Anil Ambani-owned R Worried over RERA provision, banks seek additional collateral from builders Under the new law Real Estate (Regulation and Development) Act, 2016 (RERA), a developer will have to maintain 70% money collected from home-buyers in a separate account. Tata Power JV completes $420 million hydro project in Georgia Adjaristsqali Georgia LLC, Tata Power's joint venture with Norway's Clean Energy Invest AS and IFC InfraVentures, completes the Shuakhevi hydro project in Georgia JSW Steel gets shareholders' nod to raise over Rs14,000 crore JSW Steel receives shareholders' approval to raise over Rs14,000 crore through various securities during the company's annual general meeting (AGM) OVL buys 30% stake in Namibian oil block from UK's Tullow Oil ONGC Videsh Ltd, the overseas arm of state-owned ONGC, said it has acquired 30% interest in an oil block, off Namibia, from UK's Tullow Oil Byju's buys Pearson's TutorVista, Edurite in push for global expansion Byju's founder Byju Raveendran says the TutorVista and Edurite acquisition will enable the online education start-up enhance product offerings Yes Bank board to consider stock split this month Private sector Yes Bank will consider the proposal to divide the equity share of the company in a board meeting to be held later this month Insurance companies may raise premiums if your BMI increases If the BMI is beyond an insurer's acceptance threshold, then the proposal would be declined Reliance Capital invests $1 million in Billionloans Billionloans is the second major start-up investment, after Paytm, by Reliance Capital India's best companies to work for 2017: Here's the list of industry wise awards for 2017 Indias Best Companies to Work For study, running in its 10th year with The Economic Times has also revealed he organisations who won awards in their respective industries. Here's the complete list. NSE may re-submit IPO application with new financials: Sebi chief NSE had filed its draft red herring prospectus in December, but Sebi has delayed approval as it probes NSE's disclosure that some brokers may have been given unfair access to its servers Why risks to inflation in India are on the rise There is a growing risk that inflation may spike in the coming months Over 90% Indian customers still prefer branch over online banking: Report ​According to the 2017 Oracle J.D. Power India 'Retail Banking Study,' despite the impetus provided by demonetisation, digital banking is not yet a pervasive experience in India.​ Syndicate bank appoints Melwyn Rego, former Bank of India chairman, as CEO He had earlier served as deputy managing director of IDBI Bank, CEO of IDBI Homefinance and as its Head- International Banking Division. Thyssenkrupp wants less than 50% of Tata Steel JV: report Thyssenkrupp aims to hold less than half of a steel joint venture it wants to set up with Tata Steel so it can deconsolidate the business from its balance sheet, says a report New housing finance firms eye affordable housing space Affordable housing finance is set to be a Rs6 trillion opportunity by 2022, says a India Ratings and Research report GST impact on e-commerce: Marketplaces put an embargo on non-compliant merchants According to the All India Online Vendors Association, several merchants do not want to continue selling online in the next tax regime. Restaurants knock at ministry's door on proposed differential pricing order The consumer affairs ministry said last month that the practice of differential pricing of similar packaged products would not be allowed starting January next year Footwear retailer Khadim's plans to take on Bata with Rs 650 crore IPO Footwear retailer Khadim India Ltd has filed draft prospectus for a Rs 550-650 crore IPO which comprises a fresh issue of equity shares of up to Rs 50 crore and an offer for sale of up to 65 lakh equity shares by existing shareholders. BookMyShow acquires Mumbai-based Burrp The Network18 divestment has been made to Foodfesta Wellcare Private Ltd, a subsidiary of BigTree Entertainment which owns and operates BookMyShow. India's best companies to work for 2017: The complete list Besides the top 10 best companies to work for, other organisations which ranked 11 to 100 offer up some exemplary human resource practices. Ayesha Takia-backed TGL opens first retail tea salon in Mumbai The Tea Salon is an experiential offering with evocative aromas of TGL teas and in-house patisseries for tea lovers where they can explore the colourful ingredients in each blend. Mobile retail stores await clarity on GST, keep stock at minimum Smaller retailers too are wary of issuing bills as many are yet to update systems, though larger ones say the transition has been seamless. How telecoms performed in rural India in 2016 India has 464.78 million mobile subscribers in rural areas in 2016, according to statistics released by TRAI on July 3, 2017. India had 431.22 million mobile users in rural areas in 2015. The number of mobile subscribers in urban areas in 2016 was 662.60 million as compared with 579.67 million in 2015. Rural density for … GST effect: Apple iPhone, iPad Mac prices at all-time low Tech giant Apple has slashed prices of products, including iPhone, iPad and Mac, India from July 1, as it looks to pass on the benefits accrued from the recently rolled out GST to customers. India-China To Account For 50% Of New Mobile Subscribers By 2020 India is expected to add 206 million new subscribers by 2020 while China is expected to add another 155 million subscribers. Trai seeks reduction in GST on telecom to 5% Trai seeks reduction in GST on telecom to 5% - Regulator says it will make services affordable, help in faster digitisation GST: Government asks all departments to ensure no shortage of consumer items The government has asked all departments to ensure that there is no shortage of products and consumer items to keep a check on prices. FMCG companies resume stock supply post GST shift break While some of the fresh stock is either priced lower or is coming with increased grammage, prices of some products will remain unchanged for at least a month. 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