Good Morning.......... News 8.12.2014 1. Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore in Central Sales Tax (CST) compensation to states. 2. If you need to transfer money from, say, your YES Bank account to a customer of Union Bank of India, you can now do so through your debit card, by visiting an automated teller machine (ATM). Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards. 3. India is now the best-placed economy among global investment destinations as it emerges from a decade low slump to ride a wave of enthusiasm generated by Prime Minister Narendra Modis image as a leader focused on execution, said Brian Moynihan, chairman & chief executive of Bank of America, the second-biggest US lender. 4. The Centre is likely to revise power contracts between generation and distribution firms to lower electricity tariffs from plants that will run on coal from captive blocks. The coal ministry is meanwhile expected to approach the Union Cabinet this week for finalising the methodology for fixing the minimum floor and reserve prices for coal blocks. 5. Four of the founders of Infosys Ltd are seeking to raise about $1.1 billion by selling stakes in the IT outsourcing company, IFR reported on Monday.
Posted on: Mon, 08 Dec 2014 03:46:50 +0000
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