Business/Economy
Welcome changes to anti-corruption law - Bulbul Sen, Business Line
In a country like India where corruption is rampant, the efforts of the government to amend the anti-corruption legislative framework through amendments to the Prevention of Corruption Act 1988, passed in July this year, are welcome.
What LIC needs to do with IDBI Bank - Tamal Bandyopadhyay, Mint
Many employees of IDBI Bank Ltd across India, mostly from rural areas, are seeking advice from their seniors on how to cope with the fallout of the government ceding control of the lender. They fear that the prestige and job security of being part of a government-run organization will be lost. Some of them had even taken dowry by virtue of being a “government servant” and now dread facing their in-laws.
Time to focus on availability of funds - Sachchindanand Shukla, Business Line
The RBI’s Monetary Policy Committee has raised the repo rate by 25 basis points (bps) for the second time in a row with a 5:1 decision and positioned itself as an inflation warrior by sticking to the path of maintaining the 4 per cent inflation target.
Fixed Deposit interest rates: SBI, HDFC Bank, ICICI Bank vs Bajaj Finserv, Shriram Transport Finance - NDTV
Fixed deposits or FDs are offered by banks as well as corporate houses. However, fixed deposit (FD) interest rates of non-banking finance companies are more attractive than their banking peers. This is because the risks associated with corporate fixed deposits are higher than bank fixed deposits, say experts. "Customers should invest in high-rated corporate (fixed) deposits with AAA or equivalent rating, and avoid choosing a low-credit rating company. 
Why government should continue with 4-rate structure for GST - Nimish Adhia, Economic Times
India’s goods and services tax (GST) would have risked a rollback had it become associated in the public mind with inflation, as it had in Malaysia recently. Thankfully, although some Indians are grumbling about the tax rates, complexity and compliance costs, there is no major stakeholder calling for GST’s outright repeal.
Not just Amazon, Microsoft is beating numbers too; soars past $800 billion in value after bumper results - Financial Express
Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. Shares of one of the technology world’s oldest and best-known names rose 4 percent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalization that was already $802 billion at close on Thursday.
Why Infosys results are a bit of a worry for investors - Mobis Philipose, Mint
Infosys Ltd’s American Depository Receipts (ADRs) fell over 4% in early trading on the New York Stock Exchange. Investors are evidently unhappy with the company’s June quarter results. On the face of it, things seem steady at the company. Infosys retained both its revenue growth and profit margin guidance for the year. But underneath the surface, it is a different story.
Make in India for auto sector - Sugato Sen, Pioneer
In recent times, ‘Make in India’ for the automotive sector has caught the imagination of the world. However, a look at the past will enrich all by the captivating journey of the automotive industry that began a long time ago. Before the economic liberalisation, before the licensing raj, even before India attained Independence.
GST: A tax reform that’s paying off - VS Krishnan, Business Line
One year is probably a good time to evaluate the performance of GST (Goods and Services Tax). At the same time, it is also too short a period for all the advantages of GST to manifest fully. Two advantages of GST were commonly touted: better tax compliance; and revenue buoyancy.
India is middle income now: Raise the poverty line - Surjit S Bhalla, Indian Express
Today is June 30, a very important day for poverty data junkies. Today is the last day of the NSSO Consumer Expenditure Survey (NSSO-CE) for the period July 2017 to June 2018. The NSSO-CE surveys form the basis of calculations of absolute poverty, an important and political economic variable in India.
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