Daily Newsletter | Wednesday, October 18, 2017
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| Eating out could get cheaper as GST on restaurants may be cut to 12% |
| The GST Council is likely to back a reduction in the levy on restaurants from 18% to 12% and withdrawal of the input tax credit facility available to eateries. The proposed change in the tax rate follows complaints that restaurants were pocketing the benefit of input tax credit for taxes paid by suppliers and the tax burden on those eating out was high. |
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| BJP questions Cong’s silence on Vadra |
| Nirmala Sitharaman asked, “Why the senior leadership of the Congress party, including Sonia and Rahul Gandhi, is keeping a studied silence.” Referring to Rahul Gandhi’s frequent tweets, the minister wondered why he was keeping silent on this matter. |
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| Tillerson to deliver major India policy speech |
| US secretary of state Rex Tillerson will on Wednesday deliver his first major policy speech on India, two days after finance minister Arun Jaitley ended his week-long visit to America during which he raised some of the key issues of concern with the American leadership. |
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| Devendra Fadnavis hints at cabinet berth for Narayan Rane |
| MUMBAI: Putting an end to the speculations of whether Narayan Rane, the new ally of the National Democratic Alliance (NDA), will be given a cabinet berth, chief minister Devendra Fadnavis said that the expansion of the state cabinet is on the cards after Diwali and Rane will be given the ‘respect’ he deserves. |
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| Moto G6, G6 Plus, G6 Play to launch next year: Report |
| It seems that Lenovo-owned Motorola is said to be working on its next generation of G series of smartphones. According to popular tipster Evan Blass, the company will launch its Moto G6, G6 Plus and G6 Play smartphones next year. |
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| Kerala HC upholds BCCI appeal, Sreesanth life ban to stay |
| The court heard the appeal petition for the past two days and delivered its verdict, which has now for the time being ended Sreesanth’s hopes of not just playing for Kerala Ranji side in its upcoming matches but also to take part in practise sessions at any place that comes under the BCCI or any state cricket association. |
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| BCCI slammed over Anil Kumble birthday post |
| The Board of control for cricket In India (BCCI) hastily deleted a birthday message for record Test wicket-taker Anil Kumble Tuesday after irate fans took offence at the spinning great being described simply as a “former bowler”. |
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| Nifty ends at new high; Sensex slips from record |
| Continuing its record-setting spree for the third session, benchmark Nifty closed at a fresh lifetime high of 10,234.45 on Tuesday amid optimism over earnings and robust buying by domestic institutional investors. |
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| Dhanteras: Gold fails to stage good show |
| The yellow metal witnessed some token buying though failed to take off on Dhanteras, a day considered auspicious for buying gold, silver and other valuables and is largely celebrated in North and West India. |
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