I have given this Presentation to esteemed businesspersons "Mavens" on select business news, covering the most important events and policy initiations having long lasting consequences.
Presentation to Mavens on business news during 25th August to 09th September, 2016
1. 25th
August to 09th
September, 2016
Office no 1. : 54, Tulshibagwale Colony, Sahakarnagar no. 2,
Near Dashbhuja Ganapati, Pune 411009
Office no 2. : 997/18, Satsang Society, Suraksha Apartments,
Near Niwara Old Age Home, Pune 411030
Telephone : +91-20-24539175, 24536075, 24224747
Cell number : +91-9371733388
E-mail : rajascs@yahoo.co.in
Web-site : www.rajasbodasandassociates.com
Rajas Bodas
Company Secretary
2. 25th
August to 09th
September, 2016
-:Acknowledgement:-
Business Standard
The Economic Times
The Financial Express
www.thehindubusinessline.com
www.moneycontrol.com
www.profit.ndtv.com
www.anirudhsethireport.com
www.msn.com
www.livemint.com
….. and many more
3. 25th
August to 09th
September, 2016
• The news related to economy and key persons
focusing SMEs and are covered.
• Special news on specific company or business
group are also covered.
• The futuristic views or opinions of government
officials are usually not incorporated; however a
reputed institution’s independent views are well
received.
• Impact of business policy initiation, notification,
circulars or govt. reports is given preference.
4. 25th
August to 09th
September, 2016
• RBI has retained the status of SBI and ICICI
Bank as domestic systematically important
banks. Size, complexity, interconnectedness,
international links were the major factors
observed while giving such status.
5. 25th
August to 09th
September, 2016
• CGA has declared the highest fiscal deficit (Rs.
3.93 lac crores) during April to July, while
observing last 8 years. This stood at 73.7% of
the annual target. Earlier during 2007 and
2008 it was at 85%.
6. 25th
August to 09th
September, 2016
• According to RBI data, total banking sector
exposure to real estate developers stands at
Rs 1.83 trillion as on 24th June against Rs 1.67
trillion, a year ago.
7. 25th
August to 09th
September, 2016
• ESIC has raised the monthly wage threshold
raised to Rs. 21,000 from the current
Rs.15,000 for the coverage under the health
insurance scheme. Existing members will lose
their membership of ESIC as well as that of the
insurance cover. Both the implementations
will be effective from 01st October.
8. 25th
August to 09th
September, 2016
• CBDT has launched an online e-nivaran facility
for redressal of taxpayers’ grievances relating
to ITR, refunds, PAN and TDS. With this,
complaints could be raised through PCs and
the PIN received on mobile and e-mail could
be tracked.
9. 25th
August to 09th
September, 2016
• 4th
batch of Soverign Gold Bond Scheme @ Rs.
3,119 per gram is issued on 30th
August. Tenure
of the bond is eight years with an exit option
from 5th year. CGT arising on redemption of
SGB to an individual has been
exempted. Indexation benefit has been
provided to LTCG on transfer of bonds.
10. 25th
August to 09th
September, 2016
• Bihar, Jharkhand, Chattisgarh, H.P, Gujrat, MP,
Delhi, Nagaland, Maharashtra, Haryana, Sikkim,
Mizoram, Telangana, Goa, Odisha & Rajasthan
have ratified the constitutional amendment.
On 08th
September, GST bill got president
assent.
11. 25th
August to 09th
September, 2016
• Reliance Jio has offered a lifetime of free voice
calls to any network across the country and
priced data services attractively low. Access to
unlimited data, national voice, video and
messaging services will be completely free up
to 31st December 2016.
12. 25th
August to 09th
September, 2016
• A big setback to Tata Motors. 1,000 Acre of
land acquisition by West Bengal Government
in 2006 was ruled illegal by the Supreme Court
stating further that multi-crop producing land
should be avoided to hand over for Public
purpose.
13. 25th
August to 09th
September, 2016
• ED attached Vijay Mallya's assets worth 6,630
crores including farmhouse, flat, fixed deposits
and shares of United Spirits and United
Breweries. CMM has issued a NB arrest
warrant against Vijay Mallya and Sanjay
Agarwal for ST evasion by Kingfisher Airlines to
the tune of Rs. 1,000 crore.
14. 25th
August to 09th
September, 2016
• Amazon.in has introduced integrated platform
for its 12,000 merchants to talk with its senior
leadership. Earlier Amazon has initiated Global
Selling Programme to sell its merchants'
products or services in 9 countries. Handicrafts,
ethnic wear & jewellery see the highest demand.
15. 25th
August to 09th
September, 2016
• The CCI has imposed aggregate penalties of Rs.
6,700 crores on 10 renowned cement
companies and the lobby group Cement
Manufacturers Association. CMA platform was
used and details relating to prices, capacity
utilization, production and dispatch were shared to
restrict supplies in the market.
16. 25th
August to 09th
September, 2016
• Patanjali positioned 3rd in FMCG sector (after HUL &
P&G) on the shelves of Future Retail. Its products are
growing at an average rate 10 to 15% MOM. The
group is also in talks wtih Sri Shri Ayurveda.