The business wrap: Markets close higher for eighth consecutive session, and six other top stories
Other headlines: The I-T department sent a Rs 30-crore notice to AAP, and the Centre still owes at least Rs 50,000 crore in GST refunds to exporters.
A look at the headlines in the sector right now:
- Sensex, Nifty overcome early losses to close marginally higher: The top gainers on the BSE were NTPC, Axis Bank, ONGC, State Bank of India and Kotak Mahindra.
- Income Tax department sends Rs 30 crore notice to Aam Aadmi Party, say reports: Party leader Arvind Kejriwal called the tax crackdown a part of the Centre’s ‘strategy to persecute AAP’.
- India’s exports likely to be hit in November again as delayed GST refunds hit exporters: The government still owes exporters at least Rs 50,000 crore in Goods and Services Tax refunds.
- Indian call centre workers face racial abuse frequently, finds study: Most callers consider them ‘job thieves’, research by the UK’s University of Kent found.
- Centre tells Supreme Court it is willing to extend Aadhaar-linking deadline to March 31, say reports: The government had earlier said it was open to pushing the last date only for those who do not have the 12-digit number yet.
- Populist nationalism can damage economic growth, says Raghuram Rajan: The former RBI governor also warned against ‘political solutions’ to concerns about job reservations.
- Reforms in place, it is now time to consolidate them, says Niti Aayog Vice Chairman Rajiv Kumar: He added that the government should focus on bringing about changes in public education and healthcare.
