How the draft Data Protection Bill stacks up: What you need to know

• The draft bill will allow processing of private data without explicit consent of the owner for security, credit scores, debt recovery
• The draft bill empowers the Centre to exempt any government agency from application of the proposed legislation

Yes Bank board says it will favourably consider Citax Holdings' $500 mn offer

• Yes Bank said binding offer of $1.2 billion submitted by Erwin Singh Braich/SPGP Holdings continues to be under discussion
• The lender said it shall continue to evaluate other potential investors to raise capital up to $2 billion

'No one is above law': Democrats announce two impeachment charges against Trump

• The full House of Representatives is expected to vote on the charges, or articles of impeachment, next week
• House Judiciary Committee chairman, Jerrold Nadler, told reporters that Trump had endangered the US Constitution

SBI under-reported bad loans by ₹11,932 crore in FY19, finds RBI report

• SBI said the remaining impact on gross NPAs during Q3 FY20 is estimated at ₹3,143 crore
• RBI found the divergence in provisioning for these NPAs stood at ₹12,036 crore in FY19

'No locus standi': India says US body guided only by its biases on CAB

• In a strongly-worded statement against the bill, USCIRF said 'the CAB is a dangerous turn in the wrong direction' and asked US administration to consider imposing sanctions against Amit Shah
• India attacks US religious freedom commission for criticising CAB, says guided by prejudices and biases

India asks Japan to reduce trade surplus before Shinzo Abe's visit next week

• India Japan bilateral trade rose to $17.63 bn in 2018/19 from $10.9 bn in 2008/09. The trade balance widened to $7.9 bn in favour of Japan
• PM Narendra Modi and his Japanese counterpart Shinzo Abe plan to hold a summit in Guwahati on Dec. 15-16

Tax cuts necessary but not sufficient to woo investments: CEA

• Chief Economic Advisor said the corporate tax cuts were announced to make India attractive to investors as countries like Thailand, Vietnam, China were competing with India for investments
• We do need more reforms to enhance productivity in the economy, said the Chief Economic Advisor

Sensex hits one-month low as IT, auto, banking stocks drag

• At closing, BSE Sensex was down 0.61% or 247.55 points at 40,40239.88 points, while the Nifty 50 index was down 0.68% or 80.70 points at 11,856.80 points
• IT stocks weakened for the second straight session today, as the rupee strengthened

India slowdown: Electricity demand falls for 4th straight month, says govt data

• Electricity demand fell to 94.60 billion units in November 2019, from 98.84 billion units during the same period last year
• India's power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in more than 12 years

Frauds rise as the economy slows

• Bank frauds, general economic offences such as forgery and cheating are on the rise, shows data from the National Crime Records Bureau and RBI
• Economic crimes are dangerous as their damage can extend far beyond the immediate losses or victims

November passenger vehicle sales fall nearly 1% on seasonality, sluggish economy

• Sales in November were high last year because of Diwali falling during the month
• Wholesales of vehicles across categories in November dropped significantly by 12% year-on-year

RIL plans to develop chemical facility in Ruwais with Adnoc

• Reliance Industries and Abu Dhabi National Oil Company will explore setting up of a facility in UAE to produce ethylene dichloride, which goes into making of PVC
• This agreement comes in the backdrop of India’s evolving energy security architecture, with the UAE supplying 6% of India’s crude oil imports

Tax authorities unearth under-reporting of online sale of goods

• The TCS is one of the self-policing tools of the GST system to track the extent of supplies
• Experts said one needs to analyse the results thrown up by data analysis done by tax officials

Airtel launches Wi-Fi calling service in Delhi-NCR: Here's how it works

• There will be no extra charge for calls made over ‘Airtel Wi-Fi Calling’ and the application consumes minimal data
• Check here if your phone is compatible with the services

Four things that can be a drain on your mutual fund returns

• Scrutinize the impact that expense ratio, portfolio turnover, exit load and tax rules have on your returns
• Evaluate a fund’s ability to outperform the benchmark before signing up for higher expense ratios

Govt makes Aadhaar mandatory for getting PM-Kisan benefits from Dec onwards

• Due to delay in Aadhaar seeding, the condition was relaxed for till 30 Nov for availing both second and third installments
• Under PM-Kisan scheme, the government is providing ₹6,000 per annum in three equal installments to 14 crore farmers

Daughter won't have rights over ancestral property if father died before Sep '05

The 2005 amendment granted equal rights of inheritance as that of a son to living daughters of living coparceners on or after 9 September 2005

Tata Motors global sales down 15% in November at 89,671 units

• Global wholesales of all passenger vehicles in November 2019 were at 58,641 units as against 66,429 units in the same month last year
• JLR registered global wholesales of 48,105 units in November as against 49,312 units in the year-ago month, a decline of 2.44%

Loan defaults go up due to salary delays

• Business downturn is another reason for loan defaults, says report
• If you are unable to repay your existing loans, consider liquidating your fixed deposits, other investments

Unhappy with your mutual fund distributor? Switching is not easy

• The vast majority of mutual fund ‘advisors’ in India are actually distributors of mutual funds
• This includes relationship managers in banks

As Infosys steps up payouts for staffers, familiar concerns arise

• Talent crunch in new technologies and management changes accelerated attrition at Infosys
• With the IT services firm’s investments ebbing, it is well placed to absorb the impact

Daimler Fin Services India withdraws bond sale on unfavourable market conditions

• Besides financing dealers with a penetration rate of almost 100%, Daimler Financial Services India also funds passenger and commercial vehicles to its customers
• The plan was to raise ₹150 crore on a private placement basis on 12 December, 2019

'Will continue to sell onions at ₹25 per kilo until price stabilizes'

• Reddy pointed out that AP is the only state that is supplying onions at Rs.25 a Kg
• In the AP assembly, Reddy pointed out that prices of subsidized onions are much higher in other states like Telangana even at the Rythu Bazaar outlets

PhonePe raises $82.5 million from Singapore holding firm

• This is the third fund infusion by the parent company into PhonePe in the current financial year
• PhonePe was valued at $7 billion by Morgan Stanley in September, and is looking to increase its valuation to around $10 billion

Rupee closes 1-month high on foreign fund inflows

• Rupee ended at 70.93 a dollar, up 0.17% from Monday's close of 71.05
• The benchmark BSE Sensex fell 0.61% or 247.55 points to 40239.88 points. Year to date, it has gained 11.57%

Hyundai India to increase car prices from January 2020

• Hyundai though didn’t specify the quantum jump in prices of its products
• Hyundai will be the second manufacturer after Maruti Suzuki India Ltd, to announce an increase in price of offerings from next month

7th Pay Commission allowances worth ₹4,800 crore approved for J&K, Ladakh

• Certain Central Pay Commission (CPC) allowances will now be made available to Jammu and Kashmir, Ladakh govt employees
• The government has approved establishment of eight medical colleges in Jammu, Kashmir and Ladakh regions

Stanza Living raises ₹40 crores from Alteria Capital

• This is in addition to the ₹30 crores raised earlier this year, taking the total debt infusion by Alteria Capital in Stanza Living to ₹70 crores
• Stanza Living claims to be the most capitalized player in the space, with total funding to the tune of $70 million from global investors

Get SWP on your debt fund for better returns

• A systematic withdrawal plan is more tax efficient than the dividend option of a debt mutual fund, and this helps boost your post-tax returns
• SWP withdrawals are not dependent on the fund’s performance

No more forwarding horror as Gmail now lets you attach multiple emails to a mail

• Sending emails as attachments allows you to write a summary email message to your recipients, and attach the set of supporting emails that recipients can directly open in their mail client, said Google in a blog post
• The feature is likely to be available to all users soon

Is it worth compromising your PF for a higher take-home?

• The move could certainly hit your retirement savings
• Even a small reduction in the quantum of investments can lead to a significant fall in your returns

Apple may add larger batteries to 2020 iPhone models

• J.P. Morgan analyst Samik Chatterjee believes that Apple will release a 5.4-inch iPhone, two 6.1-inch iPhones and one 6.7-inch iPhone with 5G connectivity in 2020
• As per the report, Apple may use Qualcomm's X55 modems in all its 2020 iPhones, which support both mmWave and sub-6GHz spectrum

How to open a demat account in a minor’s name

• The procedure for opening an account in the name of a minor is simil ar to that of opening a regular demat account
• The formalities of opening the account and operating it will be conducted by the guardian on behalf of the minor

Jio brings back ₹149, ₹98 recharge plans. Check validity, data, talktime

• Jio now has five categories of prepaid recharge plans with the cheapest one starting from ₹98
• Jio says its new plans results in 25% savings for its customers

Gold prices today fall for 5th day in a row, down ₹750 per 10 gram so far

• After the latest correction, gold prices are now down about ₹ ₹2,450 per 10 gram in three months
• Silver rates have also seen a sharp correction

SBI cuts lending rate, home loans to get cheaper

• This is the eighth consecutive cut in MCLR by SBI this year
• The new SBI rates come into effect from 10th December