Daily Newsletter | Saturday, February 11, 2017
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| Have spoken to US govt on visa issue: IT minister |
| The government said on Friday that it had expressed “concerns” at the “right quarters” in the US administration regarding the possible impact on Indian IT companies due to proposed changes to the visa policy by the Trump administration. |
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| Centre to crack down on bogus shell companies |
| In order to create a credible deterrence a ‘whole of government approach’ will be adopted through coordinated efforts. Red flag indicators would be used for identifying shell companies, and The database will also capture Aadhaar number of individual directors in the companies,” an official release said. |
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| Note ban: Realtor transacted Rs 14 cr |
| The Income Tax department has unearthed illegal transactions to the tune of over Rs 14 crore during the search operation on the city-based builder involved in depositing scrapped notes in the Jandhan accounts in Patan’s bank. |
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| India beat Sri Lanka, enter final of T20 World Cup for the Blind |
| J Prakash’s unbeaten 115 in 52 balls and his unbroken opening partnership of 175 runs with Ajay Kumar Reddy (51 not out) helped defending champions India thrash Sri Lanka by 10 wickets and enter the final of T20 World Cup for the Blind at Lal Bahadur Stadium on Friday. |
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| India’s industrial output contracts 0.4% y/y in Dec |
| The factory output had risen by 5.7% in Nov, 2016. Earlier, it encountered a (-)0.9% slide in the corresponding month of the previous year. As per the Index of Industrial Production (IIP) data released by the CSO, the contraction was mainly on account of a 2% decline in manufacturing output. |
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