Short - term news is not as positive as the long - term news'

We have sharp rally this year was driven it?

Structural changes enacted by the government and the increase in domestic  liquidity.
Both the demontisation and the and the services tax (GST) will have far reaching implications.
Both will support the foal economy and benefit companies in the organised sector. The second ractor, 
domestic  liquidity, is the corollary to the first.We can seeing mutual funds and insurance companies getting good flows.

Is it a concern that the market rise is being led by valuation
expansion?

Our proprietary valuation model suggests investors are putting
Much ore valence on long-term
Factors than on current earnings. The two drivers will have to play out in the longer term but in the immediate term, earnings will be under pressure.

SC asks Google, FB to give inputs on objecitionable vidios

Internet majors such as Google , Yahoo and Face book
and instant messaging application WhatsApp were on
Monday directed by the Supreme Court to furnish  details of complaints they have received in India about the uploading of injectable on child promography, rape and gangrape. The apex court asked them to provide such details they received last year and this year till August 31st and about the action taken by them on such complaints. A bench comprising justices Madam B lokur U U Allot directed the Ministry of Home Affiars (MHA)
to apprise it about the number of prosecution under the provisions of the Protection of
Children from Sexual  Offensive
Act (POCSO) 2012, during the period.

Recoverly brgins for telecom incumbents,

After two quarters of pain.
revenue of telecom operators are expected to stabilize in the June quarter, estimate brokerage.

While revenue will be elusive, the earlier sharp cut in realisations are expected to reduce with companies reporting flat to marginal drops
in revenue. While there is nothing to write home about, it would be much better than the prior to quarters of a 6 to 7%
revenue declines each on a sequential bases.

Oversight panal for bad loans to beefed up,

Staying​ on course to resolve the
bad loan problem plaguing the banking sector, the Reserve Bank of India (SBI) out lined the further steps it plans to take, such as expanding the oversight committee (OC) and its mandate, it modifying existing debt recast rules, and engaging rating agencies for time by action.

The central bank will
reconstitute the OC,  and expand the panel to include more members. The existing OC which has two members was 
constituted  by the Indian Banks' Associated. The RBI now
reconstitute the OC under its agencies and the two current members will continue in the revamped panel. The larger OC
could then set up branches to deal with the volume of cases
referred.

Housing for poor finally takinga off,

Though the central government's Housing for all or Pradhan Mantri Awas Yojna
(PMAY) slow starter, the scheme seems to have gain momentum in the past six months.

The government launched the scheme urban poor in June 2015 and extended  it to ruralint areas in November 2016 promising a firm (pucca) housing unit for every household covered by 2022.
Initially, it intended to cover only
the economically weaker sections or EWS (those earning up to ₹3 lakh a year) and low income group or LIG (earning upto ₹ 6 lakh) The coverage  was later increased to include the middle income group.

Property developers and the consultants say the scheme will be successful in the next two years, given the government recent initiatives to buyers low cost homes and to the builders. An interest subsidy of 3-6.5% was announced for loans of ₹6-12 lakh for those in the EWS and LIG category who wish to take a lone up to ₹6 lakhs, there an interest subsidy of 6.5 % for a tenure of 15 years. Around 20,000 people have availed of the money under this scheme as of January this year.

In December the government had increased the lone amount to ₹12 lakh, targeting the mid -
income category. The interest subsidy on loan up to ₹12 lakh is 3 % for rural areas,an interest subvention of 3% ₹12 lakh for constructing new homes or extension of old ones.

1% tax at source​ under GST likely for on line sellers,

The centre and states are likely to each impose a 0.5% tax collected  at source on sellers of products on e - commerce
website such as flipcart  and Amazon under the goods and services tax (GST) regime.

This proposal would be taken up at the two- meeting of the
GST Counsel starting Thursday
in Srinagar. The tax will be  collecting by the e-mail commerce marketplacing. They will deduct 1% while paying the sellers.

E-commerce players had either  opposed in the GST law to impose a 2% tax - 1% by the Centre and states each deducted it source. The new indirect tax regime is expected to be rolled out on July 1.

To be continued....

....

ED, I-T dept set to get more power.

After providing more powers to the Reserve Bank of India (RBI)
to tackle the bad loan problem
in the banking industry, the Centre is likely to empower the
Enforcement Directorate (ED)
and the income -Tax ( I-T)
Department  to auction assets
defaulters or those e money laundering.

Such a move could help in expediting the recovery process
in cases where investors have lost thousands of crores rupees.

The centre might introduce Provisions of money laundering
act (PMLA) to enable the ED or the I-T department to auction
attached assets soon after filling the chargesheet or before the case trials begin​. The ED now has the powers to professionally attach the property of a person believed​ to
be in possession of  'proceed in a crime. Such proceeds are likely to be concealed or transferred and may result in frustrating proceeding relating to confiscation. After the provisional attachment of the property, the officer has to forward the complaint to the adjudicating authority.