India to leverage its Strategic Energy Partnership with US

• This comes in the backdrop of Prime Minister Narendra Modi’s visit to the energy resource rich country where he will be addressing an energy round table in Houston on Sunday
• US secretary of state Michael Richard Pompeo has promised India of adequate crude oil supplies even as India

Revival in auto sector may be round the corner with the corporate tax cuts

• Vehicle prices may come down significantly following cut in corporate tax
• Auto firms looking to make in India will have to pay an even lower tax rate of 15%, provided they start by 31 March 2023

Jet Airways founder Naresh Goyal in trouble as ED may go for independent audit

• According to a senior ED official, Jet Airways founder Naresh Goyal had registered 19 privately held companies, five of which were registered abroad
• ED official said that the agency would 'decide how to proceed as the investigation is still on and some gaps have been observed

Maharashtra, Haryana elections to be held on October 21, result on October 24

• Maharashtra and Haryana will witness elections in single phase
• The current tenure of Maharashtra legislative assembly, which has 288 seats, ends on 9 November while Haryana, which has 70 seats, ends on 2 November

Zomato launches 'Gold' delivery; Restaurant body slams company with #ZoGoIsNoGo

• Zomato has announced existing and new Zomato Gold members will be able to use Gold for home delivery orders
• NRAI said Zomato Gold in its current form is an unacceptable proposition

Maruti bets big on S-Presso for revival in sale ahead of festive season

• Maruti S-Presso will also be the first small hatchback to be launched by the company after Ignis was launched in 2017
• The S- Presso will be sold from the Arena dealership channel of the company

Pepperfry plans IPO in 12-15 months; opens tech-led warehouse in Bengaluru

• According to Pepperfry, the warehouse has an order processing capacity of 1,000 orders per day and a storage capacity of up to 30,000 units of inventory
• The just-launched warehouse located in Hoskote area in Bengaluru is spread across 360,000 square foot

Chandrayaan 2 orbiter performing mission to complete satisfaction: ISRO

• Earlier this month, ISRO Chairman K Sivan had stated that the Chandryaan-2 orbiter has clicked a thermal image of Vikram Lander
• The Vikram Lander successfully separated from Chandrayaan-2 Orbiter on September 2

GST Council lowers tax rates but tries to protect fiscal health

• The Council also reduced tax rates on a host of services including on job work related to diamonds, which has been lowered from 5% to 1.5%
• Nirmala Sitharaman, who chaired the GST Council meeting, said that the tax rates as well as slabs applying to hotel accommodation has been changed

India Inc gets its mojo back

• The NDA government slashed corporate taxes in the boldest economic step yet in its second term in an attempt to awaken animal spirits and revive private investment
• Equity markets notched their best day in over a decade after the surprise cuts in corporate taxes

Political levee breaks over the levy breaks

• Ruling BJP calls move historic, while Cong-led Opposition terms it a U-turn
• Political tussle is significant as it comes in the wake of economic issues taking the centre stage in national discourse

Apple's revamped Fifth Avenue store attempts to make experience more immersive

• Opened first in 2006 by then CEO Steve Jobs, the Fifth Avenue store has been considered a major landmark in retail world
• The new store's main entrance is built inside the glass cube with a spiral stainless steel staircase leading down to the shop floor

Failed ATM services: RBI tightens norms for banks, up penalties

• RBI prescribed a turnaround time (TAT) for banks to settle failed transactions for customers and notified compensations payable for various types of customer complaints
• The compensation should be done suo motu by the bank, without waiting for a complaint or a claim by a customer

Saudi Arabia reveals damage to giant Khurais oil field

• The Khurais field has a maximum output capacity of 1.45 million barrels a day and processes all of its oil on site, according to Al Abdulkareem
• Saudi and US officials have said that the drones and missiles used to attack Abqaiq and Khurais were made by Iran

Lucknow-Delhi Tejas train ticket booking starts today: Prices, other details

• Delhi-Lucknow Tejas Express will run six days a week, except Thursday
• Delhi-Lucknow Tejas Express will follow dynamic fare rule

EC announces schedule for bypolls in 64 assembly seats

• In Karnataka, 15 assembly seats will have byelections, and in Uttar Pradesh 11 constituencies will go to the polls
• The only Lok Sabha seat scheduled for byelection along with the polls is Samastipur in Bihar

Long-term investors should stay focused on asset allocation

• Don’t focus on the missed 5% return if you had invested yesterday and instead focus on the long- term.
• Invest according to the asset allocation that suits you the best and stick with a regular investment schedule

Amazon expands two-hour Whole Foods delivery to catch Walmart

• Prime subscribers looking for speedy grocery delivery needed to download a separate Prime Now app
• Amazon is betting that offering the service on the main site will pull in more shoppers

IndiGo to keep up to a fifth of its seats empty on Delhi-Istanbul flights

• "These flights consume more fuel, so as a safety measure, should carry less load," DGCA official said
• IndiGo, which started its Delhi-Istanbul route earlier this year, operates Airbus A320 and A321 aircraft on the route

Can you claim insurance if you’ve consumed alcohol under permissible limit?

• The permissible blood alcohol content (BAC) is set at 0.03% per 100 ml blood in India
• Tarun Mathur, Policybazaar.com said the permissible limits are generally mentioned in traffic laws from a safe driving perspective

Super relief for the super-rich class as surcharge goes for all classes

• The increase in surcharge, often referred to as the “super-rich tax”, stands withdrawn for all domestic and foreign investors, as far as income from listed equity shares is concerned
• The increase in surcharge will continue for income from salary, profession or rent above ₹2 crore

Lost your luggage at the airport? Here's what you should do

• If you are a frequent flyer, you know how it feels when your luggage does not arrive at your destination
• If you ever lose your precious bag while travelling, here are three things that you need to keep in your mind

Ongoing works may come in way of World Heritage Site status for Ramappa temple

• The UNESCO team will visit the site on 25 September
• The 13th century temple, named after its architect Ramappa, is the only site nominated from India for the prestigious World Heritage Site tag

Lucknow-Delhi Tejas Express AC car fare ₹1125, executive car ₹2310

• The New Delhi-Lucknow Tejas Express will be the first train of Indian Railways that will be fully run by its subsidiary IRCTC
• The train will cover the distance between Lucknow and Delhi in six hours and 15 minutes

Still waiting for income tax refund? You might have made this mistake

• Several taxpayers have complained that although their ITRs have been processed yet they are yet to get tax refund
• From this year, the income tax department has changed the rules for getting income tax refund

Bollywood pushes nepotism with little success, but persists

• Since 2000, about 22 eminent names have launched-by either producing or directing (or both)-their children and other relatives
• While the nepotism debate gains stronger ground in Bollywood, industry experts are quick to point out that names like Ranbir Kapoor and Alia Bhatt have proven their mettle

Aadhaar card address change: How to change it online, offline

• The address on your Aadhar card can also be updated by visiting your nearest Aadhaar centre
• Some of the acceptable supporting documents for address verification include passport and bank documents

Latest FD rates: What SBI, HDFC Bank, ICICI, PNB and BoB offer

• Banks offer FDs ranging from 7 days to 10 years
• FD rates vary across banks, so always compare before you invest

PPF, Senior Citizen Savings Scheme claim rules revised

• Department of Posts specified the amount of deceased depositor's money that different authorities can sanction to his/her heirs when there is no nomination or legal evidence available or produced

Zomato rolls out 'Gold' program on delivery

• Zomato Gold users will be able to use their membership while ordering food delivery
• Zomato Gold was launched in 2017 as a membership program that would give diners orders on eating out

Government to set up mechanism to monitor airfares

• The government will not interfere in the pricing mechanism of the airlines
• The aviation sector will benefit from the finance minister's decision to reduce corporate tax rate, Puri said

Amid tax euphoria, fiscal slippage concerns

• The yield on the 10-year government bond settled at 6.789%, up 15 basis points—its maximum gain since 7 Jan
• As a result of the revenue forgone, fiscal deficit can rise to 4% of GDP, compared with the projection of 3.3%

Govt cuts corporate tax rate to 22%, relief on buyback tax

• The finance ministry lowered the corporate tax rate to 22% for firms that do not avail tax incentives. New manufacturing companies will have to pay an even lower corporate tax rate of 15%
• Listed companies announcing share buybacks before 5 July to be exempt from buyback tax

Two things you need to ask yourself as you walk into the 'loan mela'

• 23% salaried millennials took short-term personal loans to refinance individual EMIs
• Taking on loans for discretionary spending and repaying other loans can be a slippery slope

Should your mobile and landline number be the same? TRAI wants to know

• The total number of telephone subscribers in India stands at 1186.63 million as of June end
• The government has already said that 13 digit numbers will be used for machine to machine communication

Some good news for struggling consumer goods companies

• Firms can now increase spend on promotions to stimulate demand during the ongoing festive season
• The FMCG sector had been struggling with consumers demand slowdown in daily staples and discretionary items

Big GST sop for small businesses as rates cut, compliance burden eased

• The council rejected proposals for tax cuts on automobiles and biscuits
• Hotels with daily tariff of up to ₹1,000 will continue to be exempted from GST, while those charging ₹1,000-7,500 will be taxed at 12%

Shaktikanta Das says more rate cuts hinge on incoming dataprints

• Since February, the RBI has reduced repo rate by 110 basis points in four successive actions with the last one being an unconventional 35 bps
• Das also said RBI started noticing signs of slowdown in the economy from February

As Lunar night falls, hopes of waking up Chandrayaan-2's lander is all but over

• The lander, designed to execute a soft-landing on the lunar surface, and rover have a mission life of one Lunar day, which is equivalent to 14 earth days
• Lander Vikram, with rover Pragyan housed inside it, lost communication with the ground station on 7 September during its final descent

Indian Air Force 'accepts' Rafale, formal hand-over on Dussehra

• The jet will be formally handed over to Defence Minister Rajnath Singh for induction into the IAF when he visits France
• The IAF has said that the occasion of Dussehra was chosen for receiving the first Rafale jet because it falls this year on 8 October which is also celebrated as Air Force Day