FM push for GST, land bill

New Delhi, July 5: Finance minister Arun Jaitley today made a strong case for the passage of the goods and services tax (GST) and land acquisition bills, saying they were necessary to create jobs and remove poverty. "The latest data suggest that the investment cycle is slowly turning around and stalled projects are being unblocked at a faster pace. Passing the GST and reforming the land law will accelerate this investment turnaround," he said in a Facebook post.

China economy

Beijing, July 5: China's recent stock market crash, which wiped out about $3 trillion in capital, can play havoc with the Chinese government's economic reforms and dash hopes of the stock markets being effective fundraising channels to encourage start-ups, experts have said.

IPO rush

Mumbai, July 5: The Bombay Stock Exchange expects 40 initial public offerings (IPOs) on its main platform and around 100 on the SME platform this fiscal, indicating a strong revival of the primary markets that has remained parched since the 2010 market boom.

Aviation woe

New Delhi, July 5: Fair trade regulator CCI is in an advanced stage of taking a final decision on cartelisation allegations made against five carriers, including market leaders IndiGo and Jet Airways, with respect to the introduction of fuel surcharge for cargo transportation.

SBI plan

New Delhi, July 5: The State Bank of India (SBI) has pitched for a further rate cut by the Reserve Bank of India to "pump up domestic demand" as inflation is low.