ANALYSIS OF THE HINDU AND ECONOMIC TIMES DATED 13 TH SPTEMBER,2019

• NEWS PAPER ANALYSIS
  THE HINDU AND ECONOMIC TIMES
  DTD 13/9/19

• THE ET: GST COUNCIL MAY LOWER LEVIES FOR AUTO,FMCG

1. THE GOODS AND SERVICES TAX ( GST) COUNCIL COULD LOWERE LEVIES FOR SECTOR SUCH AS AUTOMOBILES,BISCUIT AND OTHER FAST MOVING CONSUMER GOODS AT ITS SEPTEMBER 20 MEETING
2. PROPOSAL WILL BE PLACED BEFORE. THE FITMENT COMMITTEE COMPRISING STATE AND CENTRAL GOVT OFFICIALS WHICH MET LAST WEEK ONLY DISCUSSED THE POSSIBLE REVENUE IMPACT
3. FINAL CALL IN MEETING IN GOA
4. THE AUTOMOBILE SECTOR WANTS GST RATES ON PASSENGER VEHICLES TO BE CUT TO 18% FROM 28%
5. ALSO FACES COMPENSATION CESS RANGES FROM 1% TO 22%
6. THE ET: GST COUNCIL MAY LOWER LEVIES FOR AUTO,FMCG
7. COULD DISCUSS RAISING THE LOWEST SLAB OF 5% TO AS MUCH 8%
8. SOME BOOST ON THE CARD:

1. AUTO SECTOE PRESENT 28% +CESS,SOUGHT 18% +CESS
2. BISCUIT 18%,SOUGHT 12%

·         STATES WILL HAVE TO SHARE SOME BURDEN

·         COUNCIL RAISE 5% TO MAKE UP FOR REVENUE LOSS

·         COMPENSATION TO STATES ALREADY HIGH

• FACTORY OUTPUT GROWS  4.3% IN JULY

1. INDUSTRIAL PRODUCTION AS MEASURED BY INDE OF INDUSTRIAL PRODUCTION ROSE TO 4.3% IN JULY. IMPROVEMENT OVER JUNE
2. ALL THE THREE KEY CONSTITUENT OF IIP : MANUFACTURING,MINING AND ELECTRICITY REPORTED BETTER NUMBERS IN JULY
3. INDUSTRIAL GRWOTH RECOVERS BUT UNCERTAINTIES REMAIN

1. NEW RULES FOR CAB AGGREGATORS
   CENTRE MAY ALLOW 3 x BASE FARE AS SURGE PRICING
2. THE CENTRS IS LIKELY TO PERMIT CAB AGGREGATORS TO CHARGE CUSTOMERS UP TO THREE TIMES THE BASE FARE DURING PERIOD OS HIGH DEMAND
3. RIDE HAILING APPS INCLUDING UBER AND OLA HAVE LONG ARGUED IN FAVOUR OF SURGE PRICING TO EGULATE THE DEMAND AND SUPPLY OF CABE
4. THE SOON TO BE FRAMED REGULATIONS WILL SPECIFY THE ALLOWABLE LIMIT FOR SUCH PRICE HIKE IN ADDITION TO OTHER GUIDELINES  THAT COULD BE IN LINES WITH THOSE PROPOSED IN DEC 2016
5. SURGE PRICING IS INTRINSIC TO THE DEMAND AND SUPPLY SITUTATION. POLICY WILL MENTION SURGE PRICING AND WHAT SHOULD BE THE CAPPING
6. THE PROPOSED RULES FOR CAB AGGREGATORS FOLLOWS THE NEW MOTOR VEHICLE LAW WHICH IS FOR THE FIRST TIME RECOGNIZES CAB AGGREGATORS AS DIGITAL INTERMEDIARY OR MARKET PLACE
7. CENTRE MAY ALLOW 3 x BASE FARE AS SURGE PRICING
8. KARNATKA THE FIRST STATE TO REGULATE CAB AGGREGATORS ALREADY HAS A MINIMUM AND MAXIMM FARE FOR APP BASED CAB COMPANIES WITH A SLAB BASED ON THE COST OF VEHICLE.
9. MAXIMUM VARIANCE BETWEEN THE MINIMUM THE VARIANCE IS 2.25% IN LUXRY CAB AND. FOR SMALL CAB THE PERMISSIBLE LEVEL OF SURGE PRICING IS 2X
10. FOR  CONSUMERS IT IS PAIN POINT

• ZOMATO TAKES INFINITY OFF DINING TABLE

1. FOOD DELIVERY AND SEARCH PLATFORM SUSPENDED THE CONTENTIOUS INFINITY DINING PROGRAMME WHICH WAS LAUNCHED 2 MONTH AGO 3 CITIES .300 PLUS RESTAURENT DUE TO A BATTLE WITH RESTAURNETS OVER DEEP AND UNSUSTAINABLE DISCOUNTING,
2. BASED ON ALL YOU CAN EAT MODEL INFINITY DINING WAS THE BIGGEST BONE OF CONTENTION BETWEEN ZOMATO  AND SUBSCRIBERS
3. GOLD SUBSCRIBERS TO ORDER UNLIMITED FOOD AND DRINKS FOR SET PRICE FROM THE MENU OF PARTNERS RESTAUERENT FOR A LIMITED PERIOD OF TIME.

• THE HINDU: CAPITAL’S POWER SKYLINE SET TO CHANGE

1. THE CENTRE IS PLANNING ON CHANGING THE SKYLINE OF THE HISTORIC SEAT OF POWER IN NEW DELHI WITH A NEW OR COMPLETELY RETROFITTED PARLIAMENT BUILDING
2. ONE COMMON SECRETARIAT FOR ALL MINISTERS AFTER DEMOLTION OF EXISTING OFFICE BUILDINGS AND REDEVLOPMENT OF THE 3 KM CENTRAL VISTA THAT STRETCHES FROM RASHTRAPATI BHAVAN TO INDIA GATE.
3. DESIGN AND ARCHITECTURE BOTH DOMESTIC AND FOREIGN WERE INVITED TO PRE BID MEETING ON THURSDAY AND LAST DATE FOR SUBMISSSION OF BID IS SEPTEMBER IS 23 RD
4. A NEW MASTER PLAN IS TO BE DRAWN UP FOR THE ENTIRE CENTRAL VISTA AREA THAT REPRESENT THE VALUE AND ASPIRATIONS OF NEW INDIA. GOOD GOVERNANCE, EFFICIENCY, TRANSPARENCY, ACCOUNTABILITY AND EQUITY AND IS ROOTED IN INDIAN CULTURE AND SOCIAL MILEU.

• AYODHYA:SC FROWNS ON U.P. MINISTER’S REMARKS

1. THE CONSTITUTION BENCH LED BY CHIEF JUSTICE OF INDIA RANJAN GOGOI WHICH IS HEARING THE AYODHYA DISPUTE APPEALS TOOK A SERIOUS VIEW OF  A COMMENT REPORTED TO BE MADE BY AN UTTER PARDESH MINISTER THAT THE RAM TEMPLE WILL BE BUILT ON THE DISPUTED LAND AS THE SUPREME COURT IS OURS
2. CHIEF JUSTICE GOGOI SAID THE COURT CONDEMNED SUCH STATEMENTS AND PARTIES ON BOTH SIDES OF AYODHYA DISPUTE AND WOULD RECEIVE A FAIR AND FREE HEARING.
3. RAJIV DHAVEN SENIOR ADVOCATE FOR THE SUNNI WAQAF BOARD SAID THAT HE RECEIVED THE MESSAGE ON HIS FACE BOOK WALL AND HE RECEIVED THREAT AND HIS CLERK WAS TOLD HIS BOSS WAS FIGHTING AGAINTS HIDU DEITY.

• MATHS NEVER HELPED EINSTEIN DISCOVER GRAVITY

1. DAYS AFTER FINANCE MINISTER NIRMALA SITHARAMAN ATTRIBUTED THE SLUMP IN AUTOMOBILE SECTOR TO THE MILLENIALS USING OLA AND UBER
2. COMMERCE MINISTER PIYUSH GOYAL SAID THAT PEOPLE SHOULD NOT BE TOO CONCERNED WITH GDP MATHS SINCE MATHS NEVER HELPED EINSTEIN DISCOVER GRAVITY.
3. DO NOT GO BY ALL THESE CALCUALTION SEEN ON TV
4. IF THE COUNTRY HAS TO GROW AT 12% BUT RIGHT NOW GROWING AT 6-7%
5. HIS REMARKS IN CONTEXT OF ENCOURAGING EXPORTERS TO HELP THE COUNTRY MEET THE TARGET OF $ 1 TRILLION IN EXPORTS IN FIVE YEARS
6. REACTING TO SOCIAL MEDIA CRITICISM OVER HIS REMARKS, MINISTERS LATER ASSERTED THAT HIS COMMENT HADA CERTAIN CONTEXT.

• SLOW DOWN IS PROTRACTED : SINGH

1. FORMER PM MANMOHAN SINGH : ATMOSPHERE OF GLOOM AND DOOM AL AROUND
2. THE COUNTRY IS TODAY IN THE MIDST OF A DANERGOUS PROTRACTED SLOWDOWN AND GOVERNMENT IS COMPLACED.
3. THE GOVT IS FOLLOWING A POLICY OF TAX TERRORISM AND WARNED ONE MILLION JOB LOSSES IF IMMEDIATE STEPS WERE NOT TAKEN
4. AGRICULTURE, REAL ESTATE AND MANUFACTURING WERE ALL FACING A DOWNTURN AND THE CONTINUOUS DECLINE IN THE PACE OF GDP GROWTH FOR THE CONSECUTIVE QUARTERS WAS REFLECTION OF THIS.

• MODI LAUNCHES PENSION SCHEME FOR FARMERS AND SHOPKEEPEERS

1. PM NARINDERA MODI WHO WAS IN THE JHARKHAND CAPITAL : LAUNCHED AMBITIOUS SCHEME FOR FARMERS,SHOPKEEPERS AND SELF EMPLOYED PERSONS
2. ALOS INAGURATED A NEW BUILDING OF THE ASSEMBLY AND A MULTIMODEL CARGO TERMINAL WHICH IS EXPECTED TO EASE TRANSPORTERS IN THE REGION,
3. THE PRADHAN MANTRI KISAN DHAN YOJNA WILL HELP SMALL AND MARGINAL FARMERS BY PROVIDING A MINIMUM PENSIONS OF RS 3,000 PER MONTH ON ATTAINING THE AGE OF 60 YEARS. FARMERS WHO ARE CURRENTLY BETWEEN 18 AND 40 YEARS OF AGE CAN APPLY FOR THE SCHEME,
4. THE PRADHAN MANTRI LAGU VYAPARI FOR SHOPKEEPERS AND RETAILERS
5. SWAROJGAR PENSION SCHEME FOR SELF EMPLOYED PERSONS
6. INAGURATED A NEWLY CONSTRUCTED BUILDING OF JHARKHAND AT KUTTUGRAM.DUBBED AS THE FIRST PAPERLESS ASSEMBLY
7. CARGO TERMINAL INAUGURATED ON ONLINE HAS BEEN BUILT BY INDIA WATERWAYS UTHORITY OF INDIA ON RIVER GANGA AT SAHIBGANJ.
8. CARGO STORING CAPACITY OF 30 LACS TONNE PER YEAR, A STOCKYARD AND PARKING AND BERTHING SPACE FOR TWO VESSELS
9. ALSO LAID THE FOUNDATION ONLINE FOR 462 EKLAYVA MODEL SCHOOL AND FOUNDATION FOR NEWLY BUILDING FOR SECRETARIAT.

• NATGRID WANTS TO LINK SOCIAL MEDIA ACCOUNTS TO CENTRAL DATA BASE

1. THE PROJECT INITIALLY STARTED IN 2009 WITH A BUDGET OF RS 2800 CRORES IS ONLINE DATA BASE FOR COLLATING SCATTERED PIECES OF INFORMATION AND PUTTING THEM ON ONE PLATFORM. AT LEAST 10 CENTRAL AGENCIES LIKE INTELLIGNCE BUREAU (IB), RESEARCH AND ANALYSIS WING(R&AW) AND OTHER WILL HAVE ACCESS TO THE DATA ON A SECURED PLATFORM.
2. NATGRID: NATIONAL INTELLIGENCE GRID WANTS TO LINK SOCIAL MEDIA ACCOUTS TO HUGE DATABASE OF RECORD RELATED TO IMMIGRATION ENTRY, BANKING AND TELEPHONE DETAILS AMONG OTHERS.
3. THE PROPOSAL HAS RECEIVED RESISTANCE FROM THE INTELLIGENCE AGENCIES : COULD BE EXPOSED TO UNKNOWN VIRUSES

• ET : CRACKDOWN FINDS 470 CRORES FAKE GST REFUNDS CLAIMS

1. IN MASSIVE CRACKDOWN DIRECTORATE GENERAL OF GOODS AND SERVICE INTELLIGENCE CARRIED OUT COUNTRY WIDE SEARCHES 336 LOCATIONS ON EXPORTERS CLAIMING THE FRADULENT INTEGRATED GST REFUNDS
2. THE OPERATION WHICH INVOLVED 1200 OFFICERS REVELAED THAT MANY OF THE ENTITIES SPREAD ACROSS THE LENGTH AND BREADTH OF THE COUNTRY WERE EITHER NON EXISTENT OR HAD GIVEN FICTITIOUS ADDRESS

• RCEP MEMBERS,INDIA TOO FOR DEAL BY NOV

1. ALL MEMBERS OF THE PROPOSED REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP TRADE AGREEMENTS INCLUDING INDIA HAVE COMMITTED TO CONCLUDE THE TRADE AGREEMENT IN FULL BY NOVEMBER.
2. AUSTRALIA’S LEAD NEGOTIAOR RCEP JAMES BAXTER ALSO STRESSES THAT ANY DEAL WILL NECESSARILY INCLUDE ALL NEGOTIATING COUNTRIES AFTER DISCUSSIONS ARE COMPLETE.
3. THE SEVENTH RCEP MINISTERAIL MEETING TOOK PLACE IN BANGKOK ON SEP 8,ATTENDED BY COMMERCE MINISTER PIYUSH GOYAL
4. RCEP IS A PROPOSED REGIONAL ECONOMIC INTEGRATION AGREEMENT 1O ASEAN COUNTRIES AND THEIR SIX FREE TRADE AGREEMENTS
5. TALK IN FINAL SATGES AND NEW DELHI WILL HOST THE FIRST SUCH DIALOGUE AND TECHNICAL DISCUSSION AMONG GOVT OFFICIALS,EXPERTS AND COMMENTATORS ON SEP 14-15
6. INDIA TO PROPOSE AUTO TRIGGER AND SNAPBACK TO PROTECT ITSELF FROM SUDDEN SURGES IN IMPORT FROM CHINA
7. INDIA HAS NOT TABLED ANY LIST OF SENSITIVE ITEMS ON WHICH IT WANTS A MECHANISM TO CHECK IMPORT SURGES NOR IT HAS SUGGESTED ANY SPECIFIC REVIEW MECHANISM FOR THE TRADE AGREEMENT
8. NEW DELHI HAS SOUGHT REVIEW FTA WITH ASEAN,KOREA,JAPAN