Friday Evening News Brief, February 2

Friday evening brief Feb 2 2018
Good evening!
Here’s everything that transpired during the course of the day…
A day after Budget, the benchmark Sensex plummeted 840 points while the broader NSE Nifty tanked over 250 points. The Budget 2018-19 presented on Thursday imposed long- term capital gains tax of 10 per cent on equities. Investors will also have to pay 10 per cent tax on distributed income from equity-oriented mutual funds.
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India said it was ‘closely monitoring’ the situation in Maldives after the country’s Supreme Court overturned the convictions of political prisoners. “In the spirit of democracy and rule of law, it is imperative for all organs of the Government of Maldives to respect and abide by the order of the apex court,” the ministry of external affairs said in a statement, adding that India “wishes to see a stable, peaceful and prosperous Maldives.”
The CBI today filed a petition in the SC challenging Delhi HC order quashing all charges against accused in the Bofors case. The filing of the appeal assumes significance as Attorney General K K Venugopal had recently advised the agency against moving a petition against the high court verdict after a delay of 12 years.
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The ministry of railways may bring in a dynamic pricing system that will help increase occupancy and enhance revenues, Piyush Goyal said. Replying to questions in the Rajya Sabha, he also said his ministry was planning a major overhaul of the obsolete signalling system currently being used and to introduce latest technology.
India is looking forward to work with Nepal to take bilateral ties to newer heights, said foreign minister Sushma Swaraj. Swaraj, who arrived in Kathmandu on Thursday on a two-day goodwill visit, today called on President Bidya Devi Bhandari, Prime Minister Sher Bahadur Deuba and held talks with CPN-Maoist Centre chairman ‘Prachanda’.
Copyright @ 2018 Bennett, Coleman & Co. Ltd.

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