Indian Railways looks for ways to dodge proposed GST on dedicated Freight Corridor payouts
India Business News: Tax authorities have signaled an 18% GST on remittances from Indian Railways to the Rs 1.24 lakh crore DFC for usage. Key Points
Times Of IndiaMicrofin lenders mull dedicated special-purpose funding body
Microfinance lenders in India are considering setting up a dedicated funding institution to provide a consistent stream of long-term financing that will help close the sector's funding gap. Several small and medium microfinance lenders find it difficult to mobilise funds, and banks are less likely to provide financing in contrast to larger NBFC-MFIs. A special-purpose funding body dedicated to the sector would help address that, according to sector leaders. Key Points
Economic Timesdedicated Diwali window for Women’s Premier League, home and away format: BCCI secretary Jay Shah
The inaugural WPL played in March this year before the IPL was watched by 50.78 million viewers, according to BCCI secretary Jay Shah. Key Points
The Indian ExpressPM Modi inaugurates and lays foundation stone of projects worth Rs 12,600 cr in MP
Prime Minister Narendra Modi unveiled and laid the foundation stone for various projects worth Rs 12,600 crore in Madhya Pradesh. This includes a memorial and park dedicated to Rani Durgavati, a museum showcasing the history and culture of the region, and road and rail projects. Additionally, Modi inaugurated the 'Light House Project' in Indore, part of the 'Housing for All' initiative, and launched several 'Jal Jeevan Mission' initiatives to improve drinking water supply. Key Points
Economic Timesdedicated Freight Corridor achieves milestone of running 1 lakh trains
As of today, 2089 Route KM -- 73.5 per cent of the DFC has been commissioned, it said, while adding that DFC alignment except for Jawaharlal Nehru Port Trust (JNPT) connectivity is expected to be commissioned by December 2023. With the commissioning of the New Dadri - New Rewari section, freight transportation can be seamlessly done from the hinterlands of Uttar Pradesh to the Western ports of India, the release said. Key Points
Economic Times
Elara Capital suggests moving back to financials from IT, gradually – here's why
Even though the Nifty IT index has outperformed the Bank Nifty this year so far, brokerage house Elara Capital suggests moving back to financials from IT, gradually. In the note, the brokerage mentioned that the relative flow momentum in financials versus IT is at multi-year support. Key Points
mintSufjan Stevens dedicates latest album 'Javelin' to late ‘beloved partner’. See who is he
In his latest album 'Javelin', American singer and songwriter Sufjan Stevens depicts his personal loss and sufferings. He dedicated it to his beloved partner. Key Points
Economic TimesZomato’s ‘pure veg’ innovation should launch a thousand identity-targeted consumer services
In textbook terms, ethno-marketing is a set of actions and communication directed towards sharply defined ethnicities, connected to their specific customs, beliefs or festivities. Naturally, it excludes those who do not belong to the designated group, by strategic choice and not diabolical plots. In the West, it usually focuses on minorities, on the prevailing logic that majority is anyways the primary recipient of productive mainstream messaging. Key Points
The Economic TimesI will be back soon : Delhi CM Arvind Kejriwal's wife Sunita reads his message, written in ED custody
In a video message on X (formerly Twitter), Sunita, quoting Delhi CM said, My dear countrymen I have been arrested. Whether I am inside the jail or not, I will continue to serve the country. My entire life is dedicated to the country. I have struggled a lot in my life, and I know that this will continue. Therefore, this arrest has not surprised me. Key Points
Economic TimesPM Modi unveils development projects of over Rs 4500 crore in West Bengal
Prime Minister Narendra Modi inaugurated and dedicated multiple developmental projects worth more than Rs 4500 crore in the rail and road sectors in West Bengal. He emphasized the central government's efforts for the development of West Bengal and highlighted the neglect of eastern India's development after independence. Key Points
Economic Times
Rs 51,000-crore Eastern dedicated Freight Corridor (EDFC) completed
The first commercial service on this route is scheduled for November 1. Its counterpart, the 1046 km long Western DFC connecting Khurja to Jawaharlal Nehru Port (Maharashtra) is estimated to cost Rs 72,000 crore when complete during the next fiscal. Key Points
Economic Times