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Thursday morning newsbrief Oct 05 2017

Oct 5, 2017
Thursday morning brief Oct 5 2017
Good morning!
Here’s everything you need to know to start your day…
UP CM Aditya Nath said funds have been allocated for conservation of the Taj Mahal. His remarks are seen as an effort to douse the controversy over non-inclusion of the Taj in a UP government booklet on tourism. Dubbing the controversy politically motivated, he said there was no intent to denigrate the monument and it remains a priority for conservation and attracting tourists. Read
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Vijay Mallya laundered around Rs 500 cr of the Rs 900 cr loan taken from IDBI bank, ED said. In an affidavit before a UK court, ED said Mallya used several shell companies to divert the money, by generating fake invoices or over-invoicing of products. An ED official said, prosecutors in London now have everything to prove ‘dual criminality’ on Mallya’s part.
Leaders wishing to challenge Rahul Gandhi for the post of party chief were welcome to do so, the Congress said. Party spokesman Randeep Surjewala said Congress functioned with robust internal democracy, and cited past instances when the top post had been contested. He however underlined that Rahul was the workers’ choice to assume the party reins.
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Creating an atmosphere of gloom over one quarter of slow growth was not justified, PM Modi said. He promised to reverse the falling economic growth curve by continuing the reforms programme, while committing to address concerns on implementation of GST. “We will maintain financial stability and initiate all steps to step up investment and the growth rate,” he said.
Centre will urge the states to slash VAT on diesel and petrol by 5%. Oil minister Dharmendra Pradhan said the chief ministers will be urged to slash VAT to provide farmers and consumers with one more slab of relief. In view of rising fuel prices and inflationary pressures, the Centre recently cut excise on petrol and diesel by Rs 2 per litre.
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