News Digest: States can tax farm income, Centre cannot: CEA Arvind Subramanian

		THE TIMES OF INDIA
		Saturday, April 29, 2017
		Today's Headlines

		India
		States can tax farm income, Centre cannot: CEA Arvind Subramanian Man lands at IGI, claims to be ISI killer, seeks refuge The Pakistani national, who holds a passport in the name of Muhammad Ahmad Sheikh Muhammad Rafiq, said the ISI was preventing him from quitting by keeping his family captive in Dubai. He claimed to have carried out several killings and said he wanted to repent for his sins, according to sources. Inclination to talk must come from both sides: SC on J&K violence “Both sides must take the first step. If violence continues, there will be retaliation and the situation will never be resolved. The inclination to talk must come from both sides. The dialogue may or may not succeed. But at least the bloodshed will stop,” the apex court bench said. More India News»

		Business
		Jaitley promises no surprises in GST rate fixation Finance minister Arun Jaitley promised not to spring any surprises in fixing tax rates under the new GST regime, saying they will not be "significantly different" from current levels. He said rules and regulations governing GST have all been framed, we are now in final stages of fixing tariffs. India sees highest listed foreign funds inflows at $1.7bn Listed foreign funds pumped in $1.7 billion into India during March - the highest flows among the emerging countries, says a report. RBI sets rupee reference rate at 64.2170 against dollar The Reserve Bank of India on Friday fixed the reference rate of the rupee at 64.2170 against the US dollar and 69.8908 for the euro. The corresponding rates were 64.1141 and 69.8908 on Thursday. More Business News»

		Environment
		El Salvador becomes the 1st country to ban mining of metals The law bans "prospection, exploration, exploitation, extraction or processing of metallic minerals in El Salvador". Some Latin American countries thrive on mineral exports but local communities complain of environmental risks from toxic metals used in the process. Water conservation programme for Budelkhand The Centre has planned an extensive water conservation programme for drought prone areas of Bundelkhand (Uttar Pradesh and Madhya Pradesh), Marathwada (Maharashtra) and Kalahandi, Bolangir and Koraput (KBK) region of Odisha. Ohio zoo euthanizes 29-year-old polar bear that had cancer The Columbus Zoo and Aquarium in Ohio says it has euthanized a 29-year-old male polar bear after veterinarians determined he had liver cancer with limited treatment options. More Environment News»

		World
		Breakthrough as Kenya poised to elect 1st female guvs Women are likely to be elected for the first time to some of Kenya's powerful governor positions after making historic gains in party primaries this week, experts said, heralding a political breakthrough for the patriarchal society. EU leaders to address Ireland's future in wake of Brexit European Union leaders are set to acknowledge on Saturday that Northern Ireland could join the bloc in the future if its people vote to unite with EU member state Ireland, officials said Friday. Donald Trump: Different strokes More World News»

		Entertainment
		Movie review: Baahubali 2: The Conclusion Don’t judge Baahubali. Just savour it. It is a visual extravaganza that India must feast on. Katrina's towel photo shoot for Mario Testino Katrina Kaif may be only a day into her Instagram debut, but the Bollywood beauty is already making her presence felt on the photo sharing platform. Evolution of dance in Bollywood More Entertainment News»

		Science
		China to begin construction of manned space station in 2019 Tianzhou-1, China's 1st cargo spacecraft, launched on April 20 and completed the first of 3 planned docking attempts with the orbiting Tiangong-2 spacelab two days later. The successful five-day refueling is a milestone toward China's plans to begin sending crews to permanent space station by 2022. British inventor takes flight in 'Iron Man' suit British inventor Richard Browning lifted off from the shore of Vancouver Harbor in a flight suit that inspired references to comic superhero Iron Man. Using thrusters attached to arms and back, he flew in a circle and hovered a short distance from the ground, captivating people at a TED Conference. Artificial womb may help save premature babies Researchers are creating an artificial womb to improve care for extremely premature babies and remarkable animal testing suggests the first-of-its-kind watery incubation so closely mimics mom that it just might work. More Science News»

		Sports
		IPL: Sunrisers Hyderabad beat Kings XI by 26 runs A dominating batting display allowed Sunrisers Hyderabad beat Kings XI Punjab in an Indian Premier League contest by 26 runs for their fifth win of the season in Mohali on Friday. IPL: Gambhir, Uthappa star as KKR beat DD by 7 wickets Skipper Gautam Gambhir (71*) and Robin Uthappa (59) scored fine fifties to help Kolkata Knight Riders beat Delhi Daredevils by seven wickets in the Match 32 of the IPL 10 at the Eden Gardens in Kolkata on Friday. India look to put best foot forward at Sultan Azlan Shah Runners-up at the last edition, India would look to go one step further as they start their campaign in the 26th Sultan Azlan Shah Cup with a game against Great Britain here tomorrow. More Sports News»

		Technology
		Here's what Google co-founder Larry Page wrote about Sundar Pichai in letter to investors Google co-founder and CEO of Google's parent company Alphabet Larry Page has sent a letter to investors. In the letter, Page talks about the company's various projects including updates on its moonshot projects. Apple 'testing' wireless charging via Wi-Fi routers US tech giant Apple is experimenting with wireless charging technologies that could see users charge their iPhones with a Wi-Fi router. Acer expands Aspire series with the launch of Aspire 1, Aspire 3, Aspire 5 and Aspire 7 Acer has expanded its Aspire range of laptops with the launch of Aspire 1, Aspire 4, Aspire 5 and Aspire 7 at its Next@Acer event in New York. More Technology News»

		Education
		HRD Ministry puts plan for common engineering entrance exam on hold With the move being opposed by the West Bengal and Tamil Nadu governments, the HRD ministry felt that states had to be first taken on board. "It is important to have consensus on the introduction of a common exam. So the plan has been put on hold for now," an official said on condition of anonymity. Udaipur boy Kalpit Veerval tops JEE-Main with 100% score Kalpit Veerval from Udaipur in Rajasthan has topped the Joint Entrance Examination (JEE)-Main with a perfect 100 per cent score. Kalpit, who has scored 360 out of 360 in the JEE-Main, had earlier topped the Indian Junior Science Olympiad and the National Talent Search Examination (NTSE). Udaipur boy Kalpit Veerval tops JEE-Main, scores 100% Kalpit Veerval from Udaipur in Rajasthan has topped the Joint Entrance Examination (JEE)-Main with a perfect 100 per cent score. Kalpit, who has scored 360 out of 360 in the JEE-Main, had earlier topped the Indian Junior Science Olympiad and the National Talent Search Examination (NTSE). More Education News»

		Mumbai
		Lighter is swifter: Firemen to get T-shirts for non-fire calls In a proposal which it has forwarded to the municipal commissioner for approval, the fire brigade has said it plans to bring in `work uniforms' which would replace the bulky Personal Protective Equipment (PPE) during non-fire emergency calls. Maharashtra's first village of books comes up in Satara, plans now for 2nd one Maharashtra is all set to get its own village of books modelled on the lines of the famous Hay-On-Wye in Wales on May 4. That day, CM Devendra Fadnavis will inaugurate this book-lovers' delight in Bhilar village in Satara district which is close to both Mahabaleshwar and Panchgani. Ex-encounter cop named in extortion case Former encounter specialist and accused in the 2003 Sayyed Khwaja Yunus custodial death case Sachin Vaze has been named as an accused in an extortion case in Vasai. More Mumbai News»

		Delhi
		Delhi police now nab the 'real' killers, to free innocents held earlier Claiming to have cracked a two-month-old double murder case, police have arrested three criminals of a local gang for gangraping a woman in the fields of Kanjhawala in outer Delhi before killing the victim and her alleged lover. AAP government to cut public holidays Taking a cue from the Uttar Pradesh government, Delhi is all set to de-notify public holidays being observed on birth and death anniversaries of eminent personalities. Only notified festivals will be considered as public holidays and a decision in this regard is expected soon. Weekend rain to keep Delhi cool There’s wet and pleasant weather in store for Delhiites this weekend. The Met office has predicted a thunderstorm or two bringing scattered rainfall over Delhi and NCR on Saturday and Sunday, which will keep temperatures at normal levels. More Delhi News»

		Bangalore
		Effluent treatment plants might prove insufficient, say experts Despite DeMo, gold draws many this Akshaya Tritiya Indira Canteen logo will be picked from 670 entries More Bangalore News»

		Hyderabad
		Rs 1 crore worth Cocaine seized from Nigerian peddler 3 held in airport for smuggling 1.2kg gold 13 drown in village tank as boat capsizes in Andhra Pradesh Thirteen people died and two others are missing after their boat capsized in a village tank at Erratimmaraju in Andhra's Anantapur district on Friday. More Hyderabad News»

		Chennai
		TRAI's tariff regulations can't be stayed, says Madras HC Top private broadcasters, including Star India and Vijay Television, failed to stop the TRAI’s latest tariff regulations, as Madras high court refused to stay the interconnection regulations on tariff dated March 3, 2017. With ramps and handrails, 870 MTC bus shelters are now disabled-friendly In an effort to give the disabled access to public transport, Greater Chennai Corporation has built ramps and handrails for wheelchair users at 870 bus shelters in the city. In 5 months, underground metro network to connect north Chennai to city In less than five months, Metro rail will connect a part of north Chennai with the rest of the city through underground tunnels. More Chennai News»

		Ahmedabad
		Form team to scrutinize bogus accident claims, HC tells govt Admissions to begin from May 3 Admissions for postgraduate medical and dental courses will begin on May 3 and end on May 7. Some 1,980 students have applied for 1,136 PG medical seats in the state. PG medical fees capped The first ever centralized admissions for postgraduate medical and paramedical courses has led to the fee regulatory committee tightening its grip on medical colleges, capping fees for PG courses. According to the new structure, fees must be within the range of Rs 1 lakh and Rs 66 lakh for the management quota. More Ahmedabad News»

		Allahabad
		Chaos in Allahabad University as hostel inmates go on a rampage HC sets date for hostels' repair at Allahabad University The Allahabad high court on Thursday directed Allahabad University authorities to ensure that all its hostels are vacated by May 25 for whitewash and repair. Mango season: King of fruits makes its grand entry into markets It's mango season and shops stocking different varieties of the fruit have sprung up along the roadsides. More Allahabad News»

		Bhubaneswar
		East Coast Railway observes 62nd Railway Week To commemorate the advent of the first train on Indian soil in April 1853 between Bombay and Thane, the East Coast Railway (ECoR) observed the 62nd Railway Week on Friday. Odisha to bear 50% of project cost of Puri-Konark new line 7th pay commission: Fitment committee seeks more time to submit final report More Bhubaneswar News»

		Bhopal
		Ambulance staff resort to hunger strike, patients hit Strike by employees of Dial 108 ambulance services have badly hit people in distress as they are forced to depend on private ambulances, autos or private vehicles to get patients to the hospital. Worst-hit has been the road accident victims, who are being taken to hospitals in police vans or private vehicles. Fallout of exam U-turn: Papers of 42.5 marks A hasty decision by the higher education department to discontinue semester and go back to one-annual-exam pattern has started showing its adverse impact. Experts red-flag scrapping of semester system in BU Switching to one-exam annual pattern in two months from the current semester system will set the education scene back in the state by almost 10 years. More Bhopal News»

		Chandigarh
		Dal Khalsa questions timing, legality of Punjab CM's plea to Rajnath on blacklisting of Sikhs Miraculous escape for auto driver after truck falls from bridge Mohali municipal corporation loses Rs 23 lakh; 2 officers face investigation The vigilance department has initiated an inquiry against two senior officers of the Mohali municipal corporation for their alleged connivance with contractors and causing a loss of Rs 23 lakh to the civic body by retendering certain projects. ​ More Chandigarh News»

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Are you going for physical gold or paper gold this Akshaya Tritiya?

THE ECONOMIC TIMES Fri, Apr 28, 2017 | 06:33 AM IST ET Investment Opportunities

NOT TO MISS #Stocks In News,#Recos,#Expert Views,#IPOs,#Commodities

Are you going for physical gold or paper gold this Akshaya Tritiya? Gold ETFs help in saving on the storage cost and avoid security risk. View: Sitting on cash could be a good investment call at times Cash calls in any situation can cause some underperformance to the portfolio for 3-6 mths. How to get IPO-ready and ride the primary market boom After a dry patch of almost a decade, the IPO floodgates have opened up. If 2016 was good — 88 companies raised Rs 26,000 crore — 2017 promises to be better. Here is your Big Short: Bubble in debt market, may burst any time Some experts have projected that the bubble burst could happen in just 6 to 12 months.

Advertorial Is your company making an impact on society? Read to find out How 2Good4Good establishes gold standard in ratings for CSR programs Advertorial Why is everyone talking about affordable housing? India's urban population is growing at an average 2.1% every year since 2015.

Economic Times Business Listings Are you a Financial Service Provider? Are you looking for Financial Advice? List your Business to get Leads Find trusted Profesionals near you

Market Moguls: Are you a pole-vaulter in equity market? Here is how to maximise returns Pole-vaulters change investing positions relatively frequently based on their view of the mkt. Paathshala: All about options trading in commodities Trading in fu tures contracts of commodities only. Promoters went gung-ho on these 35 stocks in Q4; should you buy? Only 7 companies delivered negative returns in which promoters increased their stake in Q4. Chart reading: MACD shows nearly 70 stocks are ready for a big rally Suzlon Energy, PNB, M&M are among the stks that witnessed a bullish crossover.

Advertorial Toshiba, committed to 'Make in India' and 'Export from India' Toshiba, committed to 'Make in India' and 'Export from India' Advertorial How Mumbai's Dabbawalas are leveraging tech by offering digital services With the world and India taking digital leaps, the dabbawalla's too have found the need to embrace technology and offer click-based services.

FPIs making more money than you in same market, and how! The returns offered by the market to FPIs in Q4 were in fact the highest in 20 quarters. Go, buy now! 13 solid money making ideas for next 3 weeks Experts say Nifty is likely to continue the corrective wave against the broader uptrend.

Initial Public Offer (IPOs) IPO Name Offer Price Band Open Date Close Date   Zota Healthcare Ltd. 121.00 - 125.00 27-04-2017 02-05-2017 S Chand & Company Ltd. 660.00 - 670.00 26-04-2017 28-04-2017 CKP Products Ltd. 50.00 26-04-2017 28-04-2017 Pure Giftcarat Ltd. 13.00 26-04-2017 28-04-2017 Meera Industries Ltd. 36.00 27-04-2017 04-05-2017 More >>

NFO (FMPs) Fund Name Category Type Open Close Min Inv   UTI Fixed Term Income Fund - Series XXVI - XIII (1124 Days) Direct-DQ Debt: FMP Closed-end 24 Apr 2017 04 May 2017 5,000 UTI Fixed Term Income Fund - Series XXVI - XIII (1124 Days) Direct-Flexi D Debt: FMP Closed-end 24 Apr 2017 04 May 2017 5,000 UTI Fixed Term Income Fund - Series XXVI - XIII (1124 Days) Direct-D Debt: FMP Closed-end 24 Apr 2017 04 May 2017 5,000 UTI Fixed Term Income Fund - Series XXVI - XIII (1124 Days) Direct-DY Debt: FMP Closed-end 24 Apr 2017 04 May 2017 5,000 UTI Fixed Term Income Fund - Series XXVI - XIII (1124 Days) Reg-Flexi D Debt: FMP Closed-end 24 Apr 2017 04 May 2017 5,000 More >>

Real Estate News

RERA Act will bring transparency in real estate sector, says MahaRera regulator Chatterji The MahaRera will bring transparency and discipline. It will bring trust between the developers and their customers says MahaRera Regulator.

Govt's real test: Pre-RERA projects RERA puts the burden on the developer for providing and maintaining essential services, at reasonable rates, till a society association is formed.

Firm buying flat for own use can be treated as a consumer The firm filed a complaint before the Maharashtra State Commission, seeking a direction to the builder to execute the agreement and pay compensation.

Base your house buying decision on these parameters Real estate investments must be evaluated in the normal terms of any investment— liquidity, safety, transparency, returns and similar parameters.

Leaving behind note ban woes, housing sales grow 13% in FY17 Q4: Report ​The surge in the volume was primarily driven by Mumbai, Pune and Bengaluru, which together accounted for 57% of total sales across top nine cities in March quarter, said a report.​

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   Union Focussed Largecap Fund Direct-D Equity: Large Cap Open-ended 20 Apr 2017 28 Apr 2017 5,000 Union Focussed Largecap Fund Direct-G Equity: Large Cap Open-ended 20 Apr 2017 28 Apr 2017 5,000 Union Focussed Largecap Fund Reg-D Equity: Large Cap Open-ended 20 Apr 2017 28 Apr 2017 5,000 Union Focussed Largecap Fund Reg-G Equity: Large Cap Open-ended 20 Apr 2017 28 Apr 2017 5,000 Mahindra Mutual Fund Bal Vikas Yojana Direct-No Lock In Dividend Hybrid: Equity-oriented Open-ended 20 Apr 2017 04 May 2017 1,000 More >>

Views and Recommendations

Buy Infosys Ltd. target Rs 944.0 : Nirmal Bang Securities 27 April, 2017, 11:52 AM IST Buy Infosys Ltd. at a price target of Rs 944.0 and a stoploss at Rs 908.0 from entry point buy Sell Vedanta Ltd. target Rs 238.0 : Reliance Securities 27 April, 2017, 11:52 AM IST Sell Vedanta Ltd. at a price target of Rs 238.0 and a stoploss at Rs 228.0 from entry point sell Buy Just Dial, target Rs 570.0 : Gaurav Ratnaparki 27 April, 2017, 12:16 PM IST Buy Just Dial Ltd. at a price target of Rs 570.0 and a stop loss at Rs 511.0 from entry point buy Buy Jet Airways, target Rs 550.0 : Gaurav Ratnaparki 27 April, 2017, 12:13 PM IST Buy Jet Airways (India) Ltd. at a price target of Rs 550.0 and a stop loss at Rs 508.0 from entry point buy

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