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The government in the Budget announced that buyers would be allowed to claim a tax deduction for payments made to MSMEs only after they make a payment to them

Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1

CRISIL-rated MSEs in men's apparel had an average operating profit margin of 9.8 per cent - a good 200 bps more compared with those in kids' and women's apparel

MSME

The government will also explore ways to utilise non-budgetary instruments

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Dharavi Redevelopment Project

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Nirmala Sitharaman,

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source

Tesla, elon Musk

The Tesla and SpaceX boss didn't specify what the new subscription payment would cost but described it as a "small amount of money"

Elon Musk

BJP MP Maneka Gandhi on Tuesday said she is proud to be part of the moment when the government will be giving women "an equal share in future of India."
Maneka Gandhi, who has served as minister for women and child development in past, talked about the power of the 'Beti Bachao, Beti Padhao' slogan of the government, and social schemes like Jan Dhan and Ujjwala Yojana.
"I am proud to be a part of this moment when government under leadership of Prime Minister Narendra Modi ji has undertaken to repair the deep rooted asymmetry, and to give an equal share in the future of India to all us women," Maneka Gandhi said at a function held in the Central Hall to commemorate the rich legacy of the Parliament of India.
She said Prime Minister Modi did not see people as mere statistics, but in light of their needs.
"Opening bank accounts, giving dignity in form of toilets, home water tap, building houses for the poor, gas cylinders, giving young people loans, skilling them, protecting them thro

Maneka Gandhi

Hong Kong's leader said on Tuesday that the territory will tighten regulation of digital assets after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in the city.
The arrests on Monday followed an announcement by Hong Kong's securities watchdog last week that the exchange, JPEX, was unlicensed and did not have authority to operate its cryptocurrency trading platform in the city.
The Securities and Futures Commission said it had received more than 1,400 complaints against JPEX involving more than 1 billion Hong Kong dollars (USD 127.9 million) in losses.
The SFC also said some investors said complained of being unable to withdraw their virtual assets from JPEX accounts or of finding their balances were reduced and altered.
The SFC and police were expected to release details on the case later Tuesday.
Hong Kong's chief executive, John Lee, told reporters Tuesday that the government would step up efforts to educate investors and remi

Cryptocurrency

Torrent has also been in talks with CVC Capital Partners and Bain Capital who might become equity partners in a consortium and contribute as much as a combined $1.5 billion to the deal, sources said

Torrent Pharmaceuticals

North Korea said on Tuesday that leader Kim Jong Un has returned home from a trip to Russia where he deepened comradely fellowship and friendly ties with President Vladimir Putin.
During Kim's six-day trip to Russia, his longest foreign travel as a leader, the two countries said they discussed boosting their defense ties but didn't disclose any specific steps. Foreign experts speculate the two countries, both locked in confrontations with the West, were pushing to reach arms transfer deals in violation of UN Security Council resolutions.
The official Korean Central News Agency said Kim's train crossed a border river on Monday morning, but didn't say whether he headed to the capital, Pyongyang, or elsewhere inside the country.
Before travelling to Russia, Kim made several visits to his munitions factories, triggering speculation that he intended to check on productions of arms to be shipped to Russia.
While travelling through Russia's far eastern region, Kim met Putin at Russia's mo

shake hands during their meeting at the Vostochny cosmodrome

Putin, Kim Jong Un

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

Cinema hall, Kashmir, South Kashmir

Swiggy had been accused of rounding up the bill total to the nearest whole number and adding Rs 3 to customers' order value

swiggy, swiggy AI

Recently, the CBI has filed a chargesheet in the alleged Land for Job scam case against Lalu Prasad Yadav including his son Tejashwi Yadav and others

corporate governance, MCA, company, audit firms, fraud, scam, audit

The Supreme Court on Friday said it would list pleas on the issue of marital rape for hearing in mid-October. The pleas raise the legal question of whether a husband enjoys immunity from prosecution for the offence of rape if he forces his wife, who is not a minor, to have sex.
A bench comprising Chief Justice D Y Chandarchud and Justices J B Pardiwala and Manoj Misra took note of the submissions of lawyer Karuna Nundy that the pleas needed to be heard.
We are in midst of constitution bench hearings. We can list this after the constitution bench matters are wrapped up, the bench said and asked Solicitor General Tushar Mehta and other lawyers how much time they would take in advancing their arguments.
I will take two days. This (issue) has social ramifications, the law officer said. A counsel for the petitioners said they would like to argue for three days.
Then it can be listed for hearing in April next year! the CJI quipped and later said the pleas would be listed for hearing in .

Supreme Court, Manipur violence

The Supreme Court on Friday refused to entertain a PIL seeking an audit of the software used in electronic voting machines (EVMs) used by the Election Commission.
A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said no actionable material that the poll panel acted in breach of constitutional mandate in holding polls has been placed before it.
The Election Commission is entrusted with the control over elections. Presently, the petitioner places no actionable material before this court to show that the poll panel has acted in breach of its constitutional mandate. There is no material before us which casts doubt on EVMs, the bench said.
Before filing the petition, PIL petitioner Sunil Ahya had made representations to the Election Commission seeking an independent audit of the source code of the EVMs.
The source code is the brain behind the EVM and it is about survival of democracy, Ahya said.

The VVPAT machines, which will be attached to the EVMs, will allow voters to verify if their vote has gone to the intended candidate. (Photo: pib.nic.in)

VVPAT machines, VVPAT, EC, voting, EVMs,vote

The much-awaited movie Expendables 4 is finally released in theatres today. The movie is a sequel to Expendables 3, which was released in 2014. It is directed by director Scott Waugh

Heatmap

MSEs

Disposal of delayed payment cases by micro, small industries at 5-year low

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx

CRISIL SME Tracker: For MSEs, men's apparel is where the money is

Credit guarantee to MSEs to double at Rs 40K cr in current fiscal: Secy