Prime Minister Narendra Modi with US President Donald Trump. Photo: Reuters (REUTERS)
Prime Minister Narendra Modi with US President Donald Trump. Photo: Reuters (REUTERS)

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

To boost research and development initiatives of the companies in India, Minimum Alternate Tax has been also reduced from existing 18.5% to 15%. (Ramesh Pathania/Mint)
To boost research and development initiatives of the companies in India, Minimum Alternate Tax has been also reduced from existing 18.5% to 15%. (Ramesh Pathania/Mint)

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 (Reuters )
EC on Saturday announced the schedule for elections in Maharashtra and Haryana. Photo: ANI

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Zomato Gold was till date available only on eating out at fine-dine restaurants. Photo: Mint (MINT_PRINT)
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In ‘Daura’, a musician’s recounting of a folk myth transports the young district collector, the protagonist of the story.  (Photo: istock)

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Khruangbin at a concert during Denmark’s Roskilde Festival 2019.  (Photo: Alamy)

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Orthodox teas are made by hand, or involve more human intervention, and this manner of tea-making maintains the integrity of the tea leaves (Photo: iStock)

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Maruti S-Presso will be the second product after Vitara Brezza (a compact SUV) to to be designed and developed in India
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Chandrayaan 2's Vikram lander lost communication with ground stations during its final descent (ANI )
Chandrayaan 2's Vikram lander lost communication with ground stations during its final descent (ANI )

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

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Finance Minister Nirmala Sitharaman during the 37th meeting of the GST Council.  (PTI)
Finance Minister Nirmala Sitharaman during the 37th meeting of the GST Council. (PTI)

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

A file photo of Union Finance Minister Nirmala Sitharaman. (ANI)
A file photo of Union Finance Minister Nirmala Sitharaman. (ANI)

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

Mumbai being the financial capital of the country, the tax cut is likely to resonate with India Inc. ahead of the state elections.
Mumbai being the financial capital of the country, the tax cut is likely to resonate with India Inc. ahead of the state elections.

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

The store also offers some unique customer experiences including sessions on photography, videography and music. Photo: Bloomberg (Bloomberg)
The store also offers some unique customer experiences including sessions on photography, videography and music. Photo: Bloomberg (Bloomberg)

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

The timeline for auto-reversal has been set at between one day after the transaction to five days. Photo: iStock
The timeline for auto-reversal has been set at between one day after the transaction to five days. Photo: iStock

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

A general view of the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia. (REUTERS)
A general view of the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia. (REUTERS)

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

Eco Boost
Finance minister Nirmala Sitharaman Photo: Pradeep Gaur/Mint

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Corporate affairs and finance minister Nirmala Sitharaman. (ANI)

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The schedule for the bypolls was detailed on Saturday at a media briefing of the EC. Photo: PTI
The schedule for the bypolls was detailed on Saturday at a media briefing of the EC. Photo: PTI

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

Nifty and the Sensex saw the biggest single day gain in 10 years
Persuading shoppers to buy fresh food online isn’t Amazon’s sole challenge. Photo: Reuters  (REUTERS)
Persuading shoppers to buy fresh food online isn’t Amazon’s sole challenge. Photo: Reuters (REUTERS)

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

An IndiGo Airlines Airbus A320 aircraft. (REUTERS)
Your motor insurance claim could also get rejected if you delay filing the claim. Photo: iStock
The relief is also applicable on gains made on the sale of units of equity-oriented funds and business trusts on which securities transaction tax has been paid. Photo: Dhiraj Singh/Bloomberg
The relief is also applicable on gains made on the sale of units of equity-oriented funds and business trusts on which securities transaction tax has been paid. Photo: Dhiraj Singh/Bloomberg

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

To level the playing field between firms and individuals, and to potentially garner higher taxes, the FM should now extend this option to the individual income tax payers as well.  (ANI )
To level the playing field between firms and individuals, and to potentially garner higher taxes, the FM should now extend this option to the individual income tax payers as well. (ANI )

Opinion | The FM should extend the tax nudge to personal income tax too

To level the playing field between firms and individuals, and to potentially garner higher taxes, the FM should now extend this option to the individual income tax payers as well

Photo: Ramesh Pathania/Mint
Ramappa temple is the only temple to be named after its builder. Photo: Lakshmi Prabhala
The train will cover the distance between Lucknow and Delhi in six hours and 15 minutes.
The train will cover the distance between Lucknow and Delhi in six hours and 15 minutes.

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

If your bank account is not pre-validated at the income tax department's e-filing website, then you will not get any tax refund.
Actor Karan Deol at the screening of his film Pal Pal Dil Ke Paas in Mumbai. Photo: IANS (IANS)
Actor Karan Deol at the screening of his film Pal Pal Dil Ke Paas in Mumbai. Photo: IANS (IANS)

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

You can either change your address in Aadhaar card online or offline. (Mint)
Latest FD rates offered by SBI, HDFC Bank, ICICI, PNB and BoB. (Reuters)
The revised claim rules were later extended to PPF and Senior Citizen Savings Scheme
Zomato Gold for dining-out and delivery is operational in 16 cities. (MINT_PRINT)
Zomato Gold for dining-out and delivery is operational in 16 cities. (MINT_PRINT)

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

Photo: Mint
Photo: iStock (iStock)
Finance minister Nirmala Sitharaman (PTI)
Photo: iStock
The total number of telephone subscribers in India stands at 1186.63 million as of June end.
Revised rates could see firms pass on benefits to consumers. (Mint )
Union Finance Minister Nirmala Sitharaman chaired GST council meeting in Old Goa on Friday. (ANI Photo)
Shaktikanta Das, governor of the Reserve Bank of India (RBI) (Photo: Bloomberg)
Shaktikanta Das, governor of the Reserve Bank of India (RBI) (Photo: Bloomberg)

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

Lander Vikram, with rover Pragyan housed inside it, lost communication with the ground station on 7 September.  (REUTERS)
Lander Vikram, with rover Pragyan housed inside it, lost communication with the ground station on 7 September. (REUTERS)

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

A file photo of a Rafale fighter jet. (Reuters)
A file photo of a Rafale fighter jet. (Reuters)

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