Power gencos outstanding dues on discoms rises 57% to ₹73K cr in July

• According to PRAAPTI portal, distribution companies owed a total of ₹46,779 crore to power generation companies in July 2018
• Overdues of independent power producers amount to over 23.57% of the total overdue of ₹54,342 crore on discoms

Saudis race to restore oil output after Aramco attacks

• State energy producer Saudi Aramco lost about 5.7 million barrels per day of output
• Aramco could consider declaring force majeure on some international shipments if the resumption of full capacity at Abqaiq takes weeks

Tata, Vedanta mining leases end in March; Govt to reject leases of many firms

• Mining industry had sought extension of leases of all operational non-captive mines for a period of 10 years beyond 2020
• The move will impact about 334 mines belonging to companies such as Tata Steel, Vedanta Limited and others

Labour minister Gangwar says ‘no shortage of jobs’, sparks political criticism

• 'Recruiters who visit north India complain of facing dearth of quality people for the posts they need to fill,' said Gangwar on Saturday
• Congress leader Priyanka Gandhi Vadra said the govt was trying to escape blame for the job losses due to economic slowdown by such 'insulting' comments

SBI shelves IPO plans for general insurance arm, card JV to hit market in Q4

• SBI chairman Rajnish Kumar said the bank has dropped its plan to take its general insurance arm public as there is no need for additional capital now
• SBI General, valued at over ₹12,000 crore recently, is a joint venture between SBI and Insurance Australia Group with a 26% ownership

Is India prepared to deal with drone-based terrorist attacks?

• Under the new regulations, every UAV that weighs above 250g and can fly over an altitude of 50 feet has to be registered and regulated through an online platform called Digital Sky
• Experts feel that the govt should first try to have some kind of an anti drone system in place physically in the sky which can shoot or bring down rogue drones quickly

Six of 10 most valued firms add ₹50,580 crore in m-cap; SBI, ICICI Bank lead

• ICICI Bank's valuation jumped ₹14,062.37 crore to ₹2,66,874.13 crore
• In contrast, the market cap of TCS dropped ₹21,125.9 crore to ₹8,03,516.90 crore

Drone strikes on world’s biggest oil producer worry Indian energy planners

• Saudi Arabia is a crucial source of energy for India and the second largest supplier of crude and cooking gas to India
• Any spike in global crude prices will impact India’s oil import bill and trade deficit

Modi govt seeks to lift housing market, exports to arrest economic downturn

• Sitharaman announced a host of steps to support housing and export sectors in a bid to create more jobs and to reverse an economic downturn
• The measures announced, include easing of foreign borrowing norms to facilitate low cost funds for affordable housing, overhaul of tax refund schemes for exporters, priority sector tag for export credit

Pakistan could lose conventional war with India: Imran Khan

• Khan ruled out the possibility of dialogue with India in the aftermath of the country's decision to abrogate Article 370, which gave special status to J&K
• He told Al Jazeera that a war could be consequential considering the two neighbouring countries are nuclear-armed

Soon, you will be able to track your loan application status online

• Given the complexity and the long process involved before a loan is sanctioned, tracking its status can help you save time and plan your next course of action accordingly
• Some lending institutions already have a loan application tracking facility on their websites, but the service is limited to few specific type of loan applications

Opinion | Idea of financial freedom needs to appeal to women

Unless financial freedom becomes trendy, it won’t be widespread among women

Indian Air Force receives Spice-2000 'building blaster' buster bombs

• The Indian Air Force has signed an over ₹250 crore contract with Israel with Mark 84 warhead and bombs which can destroy buildings completely
• During the Balakot strikes, the Air Force had dropped Spice-2000 bombs from Mirage-2000 fighter aircraft

Association with IIM-Lucknow will help UP become $1 trillion economy: Adityanath

• For the second consecutive Sunday, Chief Minister Adityanath, all ministers of his government and IAS officer of the Secretary rank attended a day-long session on leadership development in IIM Lucknow
• This was the second of the three-part programme that the ministers and bureaucrats are attending to learn management skills

Just ahead of festive season, Flipkart expands pan-India delivery reach by 80%

• With this increase in reach, Flipkart consumers in smaller towns will be able to access large appliances such as Smart TVs, washing machines and refrigerators
• The company claims that it has increased its reach to around 19,200 PIN codes from about 10,660 codes in 2018 for delivery of large appliances

Tata Motors announces discounts up to ₹1.5 lakh on Nexon, Hexa, Tiago

• Tata Motors has also tied up with multiple banks and financial institutions to offer up to 100% on-road finance
• Tata Motors had reported a 58% decline in its domestic passenger vehicle sales at 7,316 units in August

Rs20000 cr last mile affordable housing package to benefit 3.5 lakh house owners

• FM Sitharaman announced a last mile ₹20,000 cr affordable housing package to benefit around 3.5 lakh home owners
• The govt will contribute around ₹10,000 cr to this fund on the lines of NIIF, while investors like LIC, private capital, sovereign funds, DFI will contribute the remaining ₹10,000 cr

Government set to digitally map India

• The project is being undertaken by the Survey of India, with support from Department of Science and Technology for a period of 2 years
• The work has already begun in three states — Maharashtra, Karnataka and Haryana

Here are stocks investors avoided in 2019 so far, even at rock bottom pricing

• Traders have resorted to panic selling, often at rates even less than a rupee, some over reports of allegations of fraud and others over poor corporate governance
• Cox & Kings turned out to be the biggest wealth destroyers

Chinese manjha hits overhead power line of Delhi Metro; services hit

• The incident took place in the evening, following which the train was halted for a precautionary check
• The Red Line connects Rithala in Delhi to Shahid Sthal (New Bus Adda) in Ghaziabad

People of Pakistan treat all Indians as relatives, says Sharad Pawar

• Justifying his contentions, the former defence minister pointed out that he had visited Pakistan several times and was always accorded warm hospitality
• Pawar called upon the Muslim community in India to come forward and counter these goings-on in the country

Steve Smith creates a record of scoring most runs in a series this century

• Steve Smith recently attainted the number one batsman spot in the ICC Test rankings
• In the ongoing fifth Ashes Test against England, Steve Smith went past his own record of scoring 769 runs against India during the 2014-15 season

Aramco tells Indian refiner it will get oil: Report

• Aramco said it will deliver crude to Indian refinery from other sources and had adequate inventory
• Aramco has lost half of its production capacity after attacks on its facilities on Saturday

Disappointed with govt's measures to boost real estate: CREDAI

• CREDAI President Satish Magar termed the government's announcement as 'half-hearted attempt' to revive the ailing real estate sector
• The Credai Chairman said the government should remove the unit price cap of ₹45 lakh for availing the additional deduction of ₹1.5 lakh on home loan interest

Air India to serve low-fat diet to its cabin crew to improve their health

• The move aims to provide light and healthy meals for the crew members along with a homely (Indian) feeling, Air India said
• The special low-fat diet meal for the crew members will be worked out on day-wise basis, the airline added

Attacks on Saudi facilities threaten spare oil capacity, price hikes

• The Iranian-backed Houthis group in Yemen claimed responsibility for attacks that shut two plants at the Abqaiq facility
• Crude prices could spike by several dollars per barrel when markets open Sunday night

Inflation under control, clear signs of revival in factory output: FM Sitharaman

• Finance Minister Nirmala Sitharaman said inflation is under control and there is a clear sign of revival of industrial production
• Sitharaman said the steps announced to increase credit flow to NBFCs, including the partial credit guarantee scheme, has started showing results

Will implement NRC in Haryana, says Khattar

• On August 31, the final NRC in Assam was released, leaving out 19 lakh people
• Several political parties, including the BJP in the northeastern state, have voiced their dissatisfaction with the final document

Tinda Masala to Palak Matar Bhurji: Air India's low-fat meals

• In 2018-19, Air India incurred losses of around ₹7,600 crore
• An Air India spokesperson told PTI, 'We are introducing healthy special meals for all crew'

PM asked me to make J&K shine so that people of PoK want to come here: Malik

• The J&K Governor said that the Centre was eager to help the people of the region and urged them to come forward with their demands
• The Central government has given J&K 8 medical colleges this year alone, which is more than what has been given to any other state in the country, says Malik

80% requests on Delhi railway police helpline are about pizza, mobile recharge

• The Delhi Railway Police Control Room receives 200 phone calls on an average on its 1512 helpline daily
• Passengers either request the staff to get eatables such as pizzas and burgers delivered to them or enquire about railway jobs, police said on Sunday

Ahead of GST Council meet, biscuit makers hope for rate cut

• Manufacturers are hoping for a reduced tax burden on lower-priced biscuits or those priced below ₹100 per kilo from the current 18% to 5%
• India’s biscuit market is estimated at over ₹31,200 crore and sees the participation of large companies

SBI to move RBI to offer fixed-floating rate home-loans: Rajnish Kumar

• Rajnish Kumar said the bank does not have adequate liabilities linked to the floating rate which makes such a floating product difficult
• Rajnish Kumar said there is a lack of clarity on how it can go ahead with the fixed rate products, after the RBI’s new regulations on floating rates

Air India posts ₹4,600 crore operating loss in 2018-19

• Air India posted an operating loss of around ₹4,600 crore in the last financial year mainly due to higher oil prices and foreign exchange losses
• The airline is projected to post an operating profit of ₹700 to 800 crore in 2019-20, an official said

With Dhoni picture tweet sparking rumours, Kohli learns a social media lesson

• For Virat Kohli, the T20 International against Australia was one match he has not really talked about much in last three years unlike his other knocks
• The 30-year-old remembered 2016 T20 World Cup match against Australia and said that Dhoni made him run like in fitness test

Andhra Pradesh: 11 dead after boat capsizes in Godavari River

• Andhra Pradesh Chief Minister Jagan Mohan Reddy has announced ₹10 lakh ex-gratia for bereaved families
• He has also ordered the ministers in the district to supervise the rescue works

This new govt portal will find your lost or stolen mobile phone

• Telecom Minister Ravi Shankar Prasad, on Friday, unveiled an portal where an user can report a complaint of lost or stolen phones
• If your mobile is stolen or lost, you have to lodge an FIR and inform Department of Telecom

Global factors, macro data to guide market, stimulus measures may lift sentiment

• Participants will also track WPI inflation data scheduled to be announced on Monday
• Factors such as movement of rupee against the US dollar and foreign capital flows will influence trading sentiment

Amid slowdown concerns, FM Sitharaman announces annual mega shopping festivals

• Nirmala Sitharaman on Saturday announced India’s plan to hold annual mega shopping festivals on the lines of Dubai shopping festival
• Such festivals will be held on distinctive themes such as gems and jewellery, yoga, tourism and textiles and leather

How data is helping Facebook provide disaster management maps?

• Facebook’s Data for Good initiative aims to use the vast amounts of data the social network gets to help in various humanitarian issues
• Alex Pompe said the moment a disaster strikes, disaster map is generated for 14 days and updated every eight hours

Saudi oil output cut in half after drones strike Aramco site

• Saudi Aramco had to cut production by as much as 5 million barrels a day as a precautionary measure after the attack on the Abqaiq plant
• Iran-backed Houthi rebels in Yemen, who have launched several drone attacks on Saudi targets, claimed responsibility

A dose of easy money for ailing global economy coming, with side effects

• In case of India too, the trend of faster growth in consumption than income has made its economic growth unsustainable, say economists
• The clamour for further accommodation in monetary policy has got louder

Automobile sector woes and the conundrum of the GST rate cut

• In August, CV sales dropped by 39%, PVs by 32% and two-wheelers by 22%
• Investors in the auto universe seem to be optimistic either of a GST rate cut or that the worst is behind

How cost inflation index helps you bring down your tax liability on LTCG

• The CBDT has set the CII for FY2019-20 as 289, from 280 in FY2018-19. The base year for CII was changed from 1981 to 2001 through the Finance Act, 2017
• You can bring down your tax liability on LTCG, by adjusting the investment amount against the CII value of the relevant financial years of purchase and sale

Maruti Suzuki's PV market share shrinks in April-Aug; Hyundai, Mahindra gain

• Maruti sold 5,55,064 units this fiscal as compared with 7,57,289 units during April-August previous year
• Despite selling less this fiscal, Hyundai's market share has risen from 15.59% last fiscal to 18.36%

Hamza bin Laden killed in a counter-terrorism operation, says Trump

• The loss of Hamza bin Laden not only deprives Al- Qaeda of important leadership skills but undermines important operational activities of the group, Trump said
• The announcement comes days after 18th anniversary of 9/11 attacks that was masterminded by Osama bin Laden from his hideout in Afghanistan

This is what the CBI’s crime manual entails

• CBI’s crime manual dictates the working of the investigative agency and lays down procedures
• The current crime manual of the CBI was updated in 2005, prior to which it was updated in 1991