Great Of India News – 01.02.2017

News Headlines – 01.02.2017

Ø  Eco Survey hints at demonetisation ‘windfall’ doles in Budget

Ø  Govt revises GDP growth to 7.9 per cent in 2015/16

Ø  Eco Survey backs ‘salary for all’ as ultimate poverty killer

Ø  New H-1B bill to make life tough for techies, IT cos

Ø  Economic Survey calls rating agencies’ bluff

Ø  Trump pushes drug makers for lower prices

Ø  ‘India need to watch global developments closely’
Ø  Arvind Panagariya pegs economic growth at 7- 7.5% in FY18

Ø  Fiscal deficit in April-December hits 94% of budget target

Ø  ONGC’s December quarter net triples to Rs 4,352 crore

Ø  Eco Survey makes a strong case for Universal Basic Income

Ø  NCLT clears way for Tata Sons to hold EGM on Feb 6

Ø  ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise

Ø  IDFC net profit falls 43% to Rs 101 cr in Q3

Business Line

Ø  CBDT to send queries to 18 lakh taxpayers

Ø  Bajaj Auto Q3 net profit down 5.27% at Rs 976.82 cr

Ø  CPSE ETF’s second tranche lists on exchanges

Ø  Eco Survey: GDP growth seen lower at 6.75-7.5% in 2017-18

Ø  Note ban may delay banks’ asset quality recovery: Fitch

Ø  Better refinery margins boost Indian Oil net by 29%
Ø  RBI’s excess capital should fund PSU banks, ARC: Economic Survey 2017

Ø  Reform labour laws, give tax breaks to create jobs: Economic Survey 2017

Ø  PE investors buy stake in Centrum’s forex business

Ø  Universal Basic Income ideal to tackle poverty, says Economic Survey 2017

Ø  Carbon credit-like system can curb cash usage

Ø  RBI governor’s appointment impacted Indian market: Economic Survey

Financial Express
Financial Chronicle

Ø  Full remonetisation of economy in 1-2 months: Arvind Subramanian

Ø  Firstsource Solutions signs 10-year deal with Sky

Ø  Sony takes $1 bln writedown on its movie business

Ø  Rs 2 lakh crore for development of highways in MP: Gadkari

Ø  Setback for Vijay Mallya, CBI to start the extradition process
Ø  Rail Budget to focus on safety, infra development

Ø  Note ban shaves off GDP growth rate by up to 0.5 pc in FY17

Ø  Look forward to pay hike similar to last year, report says

Ø  Creation of next-gen infra govt’s top priority: Prez

Ø  Policy rationalisation needed to push exports

Ø  Iran slashes import duty on rice