Sensex woes, payment banks & other top stories!

THE ECONOMIC TIMES Sat, Aug 22, 2015 | 02:56 PM IST Weekly Platter Newsletter

Government considering two-rate structure; key services to be taxed at lower rate in GST regime Worried about a steep rise in service tax when the goods and services tax is rolled out, the government is considering a two-rate structure. read more Google and Amazon in fray to buy Tata's data centre in a deal worth up to Rs 4,589.2 crore The transaction, if successful, will help Tata Communications reduce debt burden and concentrate on its core data carrier business. Bihar polls: BJP makes early gains against the grand alliance of JD(U)-RJD-Congress-NCP BJP's publicity vans, touring the state to spread PM's call for change, the activists appear to have caught the ruling JD (U)s grand alliance underprepared.

Editor's Pick Biggest threat to Modi govt's 'acche din' is RBI governor Raghuram Rajan Not only has the RBI governor misread India's domestic inflation prospects, his perception of the ground reality is also absurd. Anmol Tukrel: Meet the 10th grader who claims high school project is 47% more accurate than Google Tukrel, 16, said he took a couple of months to design , and about 60 hours to code the engine, as part of his submission into Google Science Fair. Meet the five persons tasked with reviving public sector banking in India Political interference is history, and boards are being professionalised. ET profiles the people who could make or break the nation's hope. How PM Narendra Modi's UAE visit offers a new strategic edge to India's Middle East policy Modi is setting foot in a theocratic Muslim country for the first time and that too a uniquely placed one with extensive Indian presence.

Most Popular This Week Railways unveils new AC coach with CCTV cameras and improved safety features Donald Trump sounds death knell to H-1B visas IAF clears proposal to buy three C 17; Boeing says only one plane left to sell Railways questions E Sreedharan's expertise over J&K line delay At 28 km/litre, Maruti Suzuki's Ciaz Hybrid may be India's most fuel-efficient car

Story of The Week RBI gives in-principle nod to 11 applicants including RIL, Aditya Birla Nuvo & Airtel for payments bank licence Selected cos will be given "in-principle" approval for 18 months, after which they will be given licences if they fulfil all conditions stipulated by the RBI. read more

Money You could be filing a faulty tax return; here's how to avoid getting it rejected To be sure, not reporting a small amount of interest income or claiming a deduction incorrectly rank very low in the hierarchy of tax offences. Here's what you should know about the Sukanya Samridhhi Yojana Sukanya Samridhhi Yojana (SSY) is specifically made for the girl child. The scheme also offers tax benefits similar to PPF.

Stock Round Up Global rout cast long shadow over Sensex, tanks 242 points Vedanta was the biggest BSE loser as it slumped 3.81 per cent, followed by Bajaj Auto (3.40%), Hero MotoCorp (2.81%) and GAIL (2.75%).

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