Banking Awareness 12th January 2017 | Financial Affairs 12th January 2017.

SC dismisses plea to lift tax exemption for political parties.

Political parties enjoy exemption from tax.

The Supreme Court on Wednesday said recognised political parties need money to propagate their respective “political regime” and dismissed a petition seeking to lift “100 per cent tax exemption” granted to them.

J.S. Khehar

Chief Justice of India.

SC dismisses plea to probe into Sahara ‘pay-offs’ case against PM.

Massive bribes paid to high-profile politicians

The Supreme Court on Wednesday dismissed a plea seeking a probe into documents recovered during raids at Birla and Sahara offices in 2013 and 2014.

The petitions, filed by NGO Common Cause and another organisation, said the documents recovered during the raids allegedly showed massive bribes paid to high-profile politicians, including Prime Minister Narendra Modi when he was the Chief Minister of Gujarat.

Raids

Birla and Sahara offices in 2013 and 2014.

Welspun to invest Rs 4,000 crore on textile projects in Gujarat

To set up an integrated textile manufacturing zone.

Diversified Welspun Group has said it would invest Rs 4,000 crore on three large textile projects in Gujarat.

Welspun India said in a BSE filing that three MoUs are being signed with the state government at the ongoing Vibrant Gujarat Summit 2017.

Welspun

It is Asia’s largest and the 2nd largest Terry Towel producer in the world.

JLR launches petrol Range Rover Evoque at Rs 53.2 lakh

SUV Range Rover Evoque in India priced at Rs 53.20 lakh

Tata Motors-owned Jaguar Land Rover (JLR) launched a petrol variant of its premium SUV Range Rover Evoque in India priced at Rs 53.20 lakh.

2008

Jaguar Land Rover has been a wholly owned subsidiary of Tata Motors.

Fertiliser Minister seeks Rs 20,000 cr spl banking facility for industry

Fertiliser industry is facing some liquidity issue

Fertiliser Minister Ananth Kumar has said he has written to the Finance Minister for Rs 20,000 crore special banking arrangement to provide loan at reasonable rate to cash—starved fertiliser companies.

Rs 1,500

Government’s subsidy per tonne for compost.

Apple has a list of demands before it can start making iPhones in India

Apple wants to replicate its China success in India

For months, tech-giant Apple has been seeking ways to enter the Indian market while upholding ‘business facets’ – minimum risk and maximum profit. However, if Tim Cook thought he would have it easy with India, he’s probably mistaken – Indians are admirably better at setting terms and conditions of a bargain than most others.

Tim Cook

CEO of Apple.

The post Banking Awareness 12th January 2017 | Financial Affairs 12th January 2017. appeared first on Exambin | Social Competitive Learning.