India has wage problem, not job problem: Mohandas Pai

• Former Infosys CFO said a lot of ₹10,000- ₹15,000 low paid jobs being created do not find favour with degree holders
• Pai suggested that India adopt the Chinese model of opening up labour-intensive industries and building infrastructure near coasts

Making sense of the NBFC puzzle box

Is there a widening disconnect between the regulator’s and the market’s perception of the NBFC crisis?

Vedanta lost $200 mn in profits in one year of Tuticorin plant shutdown: Agarwal

• Agarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper
• The Tamil Nadu government had in May last year ordered permanent shutdown of the copper smelter after bloody protests at the plant in Thoothukudi

Water-level in reservoirs dips to 18%, as monsoon rainfall deficit widens

• With the cyclone drifting away from the Gujarat coast, the slow pace of monsoon has raised concerns
• The situation is grim especially in the western regions covering Gujarat and Maharashtra

Can anyone stop the BJP in western states?

In the 2019 election, the BJP-led NDA has cemented strongholds in the four western states, drawing on support from different castes, important allies

IMA to hold nationwide protest on Monday against attack on doctors

• The violence following the attack on resident doctor Paribaha Mukherjee in West Bengal has been allowed to deteriorate into a major law and order situation
• IMA, however, demanded a comprehensive central law in dealing with violence on doctors and healthcare staff, and in hospitals

PNB puts on block 6 NPAs with outstanding of over ₹1,000 crore

• ARCs, NBFCs, other banks and financial institutions can submit binding bids till 26 June
• The reserve price for the six non-performing assets has been fixed at ₹342 crore

Father's Day: Dad, don’t throw a money googly

• Four tips to set you, as a father, on the right path when it comes to kids and finances
• You are not doing enough if you are saving but not investing wisely... if it’s too much of an ask, work with a planner

Father's Day: Are you financially ready to be a dad?

• Having inadequate emergency fund or insurance , or not investing for your child's future can spell disaster for your little one.
• Take a quiz to find out if you are ready to become a father, financially.

Six of top-10 firms add ₹34,250 crore in m-cap; TCS leads, banks see a dip

• The m-cap of TCS jumped ₹27,523.74 crore to ₹8,45,149.61 crore
• Kotak Mahindra Bank's m-cap dropped ₹7,359.21 crore to ₹2,81,349.02 crore

Father's Day: Help your parent go digital, financially

• Make sure you warn your dad about phishing apps and tell him how not to expose financial data to fraudsters
• This Father’s Day, here’s how you can help your dad adapt to new technology and use it to his advantage

Father's Day: Family's eldest member, typically the father, heads HUF

• Under Section 2(31) of the Income-tax Act, 1961, an HUF is considered a 'person' and, therefore, is treated as a separate entity for the purpose of tax assessment
• An HUF is taxed on the same slab rates that are applicable to an individual income tax assessee

Opinion | Father's Day: 5 things that can make your financial journey smoother

The key is to build the right financial habits and stick with them through thick and thin

Father's Day: How single fathers can strike a balance

• Taking care of a child, emotionally and financially, can be taxing
• While juggling between the roles of a mother and a father, gaining control over your emotions and finances is a must

GST Council may give one-year extension to anti-profiteering authority

• Earlier, the meeting was scheduled for 20 June
• So far, the NAA has passed 67 orders in various cases

Saudi Crown Prince says Aramco's planned IPO is on track

• Mohammed Bin Salman said Aramco will go through with an initial public offering as soon as next year, though no decision has been made on where the stock will trade
• The world’s top crude exporter aims to offer Aramco stock on its domestic exchange

Getting to zero: The Japan town trying to recycle all its waste

• The categories cover everything from pillows to toothbrushes as the town aims to recycle all its waste
• The process can be onerous -- not only are there dozens of separate categories, but items like plastic bags and bottles must be washed and dried to facilitate recycling

Finance Ministry assessing capital needs of PSU banks

• Many banks, including SBI and Bank of Baroda, have already got the board approval for capital raising as and when required
• As far as their own resource mobilisation are concerned, sources said, they are unable to tap capital market because of their low share prices

Opinion | A work-from-home culture for the babus

The government should allow its employees greater flexibility to work from home, just like the private sector is doing. Given the benefits, it could be useful in improving public services

FPIs remain net buyers in June, invest ₹11,132 crore

• FPI pumped in a net sum of ₹1,517.12 crore into equities and ₹9,615.64 crore into debt during 3-14 June, the data showed
• Prior to this, FPIs had invested a net ₹9,031.15 crore in May, ₹16,093 crore in April, ₹45,981 crore in March and ₹11,182 crore in February in the capital markets

Cyclone Vayu to weaken before recurving towards Gujarat coast

• On Sunday morning, the cyclone remained centred about 470 km west-southwest of Porbandar
• The severe cyclonic storm over northeast and adjoining east-central Arabian Sea moved nearly westwards

UCO Bank declares Yashovardhan Birla willful defaulter

• The evidence of willful default is examined by a committee
• Yashovardhan Birla is the director of Birla Surya and also chairman of the Yash Birla Group

India imposes tariffs on 28 US goods as global trade war heats up

• The US had announced its decision to withdraw the preferential duty benefits to India in March
• Indo-US trade stood at about $142.1 billion in 2018

TDP begins reviewing its rout in Andhra Pradesh

• In the 2019 elections, the TDP, registering one of its worst performances
• TDP general secretary and Chandrababu Babu Naidu may undertake the tour from July onwards

Corporation Bank plans to raise ₹5,000 crore in FY20

• The lender had posted a net loss of ₹6,332.98 crore in 2018-19
• Under Basel III norms, the bank is required to maintain total CRAR of 10.875%

Making India $5 trillion economy challenging but achievable, says PM Modi

• 'States should recognise their core competence, and work towards raising GDP targets right from the district level'
• 'The spirit of per-drop, more-crop should be promoted'

West Bengal doctors in no mood to relent despite CM Mamata Banerjee's offer

• Chief minister Mamata Banerjee urged agitating doctors to resume work and said her government had accepted all their demands
• Bengal governor KN Tripathi wrote to Mamata Banerjee, advising her to take immediate steps to provide security to the medicos and find out a solution to the impasse

Lupin recalls over 18,000 bottles of antibiotic drug in the US

• The impacted lot has been manufactured by Lupin's Mandideep manufacturing facility
• The USFDA has classified it as a Class-II recall

Amitav Ghosh on myth, magic and his new novel, 'Gun Island'

• Winner of the 2018 Jnanpith award, Amitav Ghosh's new novel 'Gun Island' tells a story of migration, climate change and human-animal conflict
• The novel moves from the Sundarbans in West Bengal to Venice in Italy

India can boost exports of 300 products to US, China amid trade war: Report

• The report says as much 151 India products including diesel, X-ray tubes and certain chemicals have an outright advantage to displace the US exports to China
• Similarly, 203 Indian goods like rubber and graphite electrodes have the advantage to displace Chinese exports to the US

J&K on high alert as inputs from Pakistan warns of another attack in Pulwama

• The attack, the Pakistanis say, is being planned to avenge the killing of Zakir Musa
• The central government has been pushing for Pakistan to be put on the FATF’s black list

IL&FS case: Independent directors, rating agencies, auditors under Sebi lens

• Officials said the regulator is also looking into the role of some listed borrowers
• Sebi has been conducting an in-depth investigation into the role of several entities and individuals

Niti Aayog sets up task force to brainstorm on agriculture reforms

• The task force will include state chief ministers and central ministers. The timeframe for making recommendations will be announced shortly
• The task force will examine ways of improving productivity in farming and the changes needed in legislation

Centre seeks report from Mamata Banerjee govt on ongoing violence in West Bengal

• Centre on Saturday sought a report from the West Bengal Government on measures taken to contain political violence
• This is the second such advisory sent by the Centre to West Bengal

Take immediate steps to ensure security for doctors, WB governor advises CM

• Chief minister Mamata Banerjee said that she apprised the governor about the steps taken by the state government to resolve the impasse in hospitals
• Governor Keshari Nath Tripathi advised her to take the doctors into confidence about the arrangements of their security

Production cuts restrict decline in retail sales of vehicles to 7.5% in May

• Demand slump in both urban and rural markets led to a year-on-year decline of 8.6% in sales of two-wheelers
• Customers’ decision to wait for the general elections results before making a big-ticket purchase, also contributed to the demand slowdown

Bowler-friendly Old Trafford will test arch rivals India, Pakistan

• It’s been raining in Manchester, and showers are forecast on match day as well
• Mint tells you what to look for in Game 22 on Sunday, which marks the midpoint of the league phase

Hours after Gujarat CM's all-clear, IMD says cyclone Vayu could recurve

• The intensity of the very severe cyclonic storm is also likely to reduce
• Gujarat government has been alerted about the possible recurvature of the cyclonic storm

May trade deficit widens to a six-month high

• Rising crude oil prices could further increase imports and put pressure on India’s current account deficit
• Rising crude oil prices, amid sanctions on Iranian oil imports, could further increase imports and put pressure on India’s current account deficit

Opinion | Planning higher education for your little one

Like most other goals, a high quality education goal(s) can be achieved, with the right planning, discipline and execution

Government promises to fix issues plaguing Indian airline industry

• Civil aviation minister Hardeep Singh Puri says domestic carriers deserve a level playing field
• There has also been an airline capacity shortage problems following the grounding of Jet Airways

Huawei to countries: Welcome us in and we'll invest big time

• Huawei will invest heavily in those countries where we are welcome: Andrew Williamson vice president—public affairs and communications, Huawei
• Huawei is working with every major carrier, including AT&T Inc. and America Movil SAB

Flipkart, GOQii settle dispute over sharp discounting

• GOQii, a seller of smartwatch-type health devices, sued Flipkart last month, alleging its devices were discounted by around 70% to the retail price, much more than the two sides had agreed
• The court had, as an interim measure, ordered device sales to be halted on Flipkart

Opinion | How populists gain electoral traction and win

Populism appeals to the growing cohort of those who are disillusioned with existing arrangements

Donald Trump warns of epic stock market crash if he's not re-elected

• 'If anyone but me takes over, there will be a Market Crash the likes of which has not been seen before'
• 'The US stock market would be 5,000 to 10,000 points higher if the Federal Reserve hadn’t raised interest rates four times in 2018'

Rain may dampen Star's plans to earn around ₹100 cr from India-Pak WC match

• Star has pinned high hopes on the match, charging more than a 50% premium on last minute ad spot buying
• Star India has pinned high hopes on the India-Pakistan match, charging more than a 50% premium on last-minute ad spot buying, with 10-second ad slot rates touching ₹25 lakh

$135 million: What Ivanka Trump, Kushner earned last year as Trump's aides

• Ivanka Trump's stake in her family's Washington hotel down the street from the Oval Office generated $3.95 mn in revenue in 2018
• The disclosure for Jared Kushner shows that he took in hundreds of thousands of dollars from his holdings of New York City apartments

ICC cricket World Cup 2019: Predicted India line-up against Pakistan

• The match between the two nations at the 1999 cricket World Cup was also played at Old Trafford, Manchester; where India went on to beat Pakistan by 47 runs
• India have never lost to Pakistan in a World Cup match

American Honda recalling all 2016-2019 Pioneer 1000 vehicles

• Japanese automaker cited a possible malfunctioning with the side-by-side vehicle’s throttle pedal which could result in 'loss of vehicle control'
• Earlier this year, Honda said it would recall more than a million vehicles in the US to replace a batch of faulty air bag parts

Know your equity, debt funds

• The average one-year returns of close ended schemes are 6.86% and three-year returns are 8.97%
• The average one-year return of open-ended debt schemes is 8.06%, three-year returns 7.2% and average five-year returns is 7.85%

Nirmala Sitharaman meets economists for budget suggestions

• Sitharaman is expected to present budget on 5 July
• Economists present at the meeting suggested reforms pertaining to import duty, maintaining fiscal consolidation

In relief to telcos, Trai told to review reserve price for  5G spectrum

• Trai has been asked to respond to DoT’s request on reserve prices with revised suggestions within a month
• Bharti Airtel has said 5G prices are exorbitant, while Vodafone Idea suggested the 5G auction should happen in 2020

War risk insurance soars for Middle East tankers after attacks in Gulf of Oman

• War risk premiums that owners pay each time they go to the Persian Gulf have now surged to at least $185,000 for supertankers
• The premiums rose to $50,000 after the attacks a month ago

A Pak batsman has a strategy to defeat India: Watching Virat Kohli's videos

• Pakistan suffered a 124-run defeat against India in the opening match of the Champions Trophy but hit back by crushing their arch-rivals in the final
• Babar said his side would take inspiration from their Champions Trophy final victory over India two years ago

TechM to appoint Shikha Sharma, Haigreve Khaitan as independent directors

• The company would seek approval on the appointments at the ensuing 32nd Annual General Meeting of the company on 31 July
• Tech Mahindra also said that R Ravi Kulkarni and Anupam Puri, who are currently independent directors on the board, have opted not to be re-appointed