INDIAN (B)

The economy has been clearly losing traction and needs a decisive monetary policy to promote growth, said RBI governor. “In sum, growth impulses have clearly weakened, while the headline inflation trajectory is projected to remain below 4.0 per cent throughout 2019-20 even after considering the expected transmission of the past two policy rate cuts,” he said.



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The commerce ministry has not received any communication from the US on its reported decision to consider caps on H-1B work visa for nations that mandate storing of data locally, sources said. India had last year mandated payment firms to store customer data exclusively in the country without creating a mirror sites overseas. Some US firms are opposed to this as it would require them to make additional investment.



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Given today’s fast-changing world, as high as 62% of Indian professionals said in a survey by LinkedIn that they felt daunted by the rapid pace of change in skills that are in demand. A high proportion (45%) of those surveyed left organisations because of lack of learning and development opportunities, according to LinkedIn, which surveyed about 5,000 employees and professionals in Australia, India, Japan, and Singapore.



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Equity indices finished with heavy gains on Thursday with the benchmark BSE sensex rising nearly 500 points amid strong global cues following US Federal Reserve’s rate-cut hints. Surprisingly, Jet Airways shares surged as much as 122.21 per cent on the NSE platform to Rs 73.55. The stock moved 9.35 per cent higher on BSE.



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The government has taken steps to curb generation of black money in the real estate sector to benefit the middle class, and will further speed up its campaign against ill-gotten wealth as part of its commitment to a ‘zero tolerance policy’ against corruption, President Ram Nath Kovind.



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Air India on Wednesday asked the cabin crew and the pilots to schedule when and what the pilots want to eat before operating flights. AI is contemplating asking them not to seek crew help in any way like heating up the meal for consuming the same. These moves come after a spat between a pilot and flight purser reportedly on the issue of washing the captain’s tiffin box.



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The govt has trained its guns on around 3,500 exporters whose customs records are not matching their income tax returns, while other 3%-odd traders are under the lens due to a mismatch in GST filings. To curb misuse, authorities are seeking checks on refund of integrated GST paid to exporters. There are nearly 12 lakh registered exporters/importers with 1.5 lakh being active.



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The investigation wing of the Competition Commission of India (CCI) has sought details of agreements between smartphone makers and Google or its group companies as the anti-trust regulator deepens its probe into allegations of misuse of market share by the Android operating system (OS).



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According to a Reuters report, the US is considering caps on H-1B work visas for countries that force foreign companies to store data locally. A cap of 15% of the quota is being considered, for India. According to immigration attorneys that TOI spoke to, such a move, by the US govt, is likely to require Congress approval—US parliament—and cannot be introduced at short notice.



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