*Macro Economic News 20 May 2017*

*Macro Economic News 20 May 2017*



FINANCIAL TIMES 

[I]  Dollar suffers worst week in year on Trump nerves 

[I]  Iran votes in election seen as referendum on Rouhani 

[I]  Brazil shares tumble on Temer bribery claims 

[I]  Hardliners illustrate high stakes in Iran poll 

[I]  The Big Green Bang: how renewable energy became unstoppable 

[I]  Week of chaos leaves Trump’s party hoping for a break 

[I]  Trump set to conclude $10bn Saudi arms sale 

[I]  Call for transparency on ECB corporate bond buying 

[I]  Short sellers brave Hong Kong market once again 

[I]  Europe nears decision on base for euro clearing 



BLOOMBERG 

[I]  Toronto Housing Market Slows After New Tax, Home Capital Woes 

[I]  Why Rate Increase Is No Answer to 30 Percent Inflation in Egypt 

[I]  Comey Agrees to Testify to Senate as Trump's Crisis Week Endures 

[I]  Asia Watching Fate of Nafta Amid Trump Review, Malaysia Says 

[I]  Americans Are Paying $38 to Collect $1 of Student Debt 

[I]  Americans Die When They Have to Work at Being Healthy 

[I]  Saudi-U.S. Ties Shift as Kingdom Turns to Trump for Investments 

[I]  Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising? 

[I]  RBI Says Infusing Funds Into India Lenders Won't Solve Debt Mess 

[I]  From Tea to Tobacco, India Releases New Tax Rates for Goods 

[I]  In Corruption-Hardened Brazil, New Revelations Still Shock 

[I]  Trump's Budget Aims for Balance Through Steep Cuts, Growth 

[I]  Modi's Oil Champions on Track to Match $16 Billion Spending 

[I]  Rupee Plunges Most in 11 Months as Risk Off Hits Indian Markets 

[I]  Abe's Womenomics an 'Embarrassment': Japan Opposition Chief 



BUSINESS LINE

[I]  Under GST, a 4-tier tax slab for services 

[I]  FinMin warns firms against ‘profiteering’ 

[I]  In FY17, FDI inflows hit a new peak of $ 60 b 

[I]  Steel prices to go up marginally 

[I]  Telecom services set to cost more 

[I]  Lower service tax on economy class to boost air traffic 

[I]  Marine fish catch up 6.6% in volume, 20% in value 

[I]  Rajasthan seeks Centre’s nod to help distressed onion farmers in State 



ECONOMIC TIMES

[I]  Banks’ cost of funds falls sharply since Demonetisation

[I]  OPEC panel looking at deepening, extending oil cuts - sources

[I]  Five banks look to raise $3 billion through foreign bond sales

[I]  Economy growing at over 7%, while jobs increase by only 1.1%

[I]  Double trouble for telecom sector: Both phones and phone bills to get costlier under GST

[I]  Treat first 9 months under new tax regime as trial period: CAIT

[I]  States asked to complete NREGA FY17 audit by September

[I]  Financial services transaction fees set to increase under GST

[I]  GST: Most mobile phones to get costlier unless govt restores local manufacturing sops by July 1



BUSINESS STANDARD

[I]  GST Council fits close to 500 services under four slabs

[I]  FPI holdings from Singapore, Mauritius surge 25% before DTAA implementation

[I]  Inflation to see a dip under GST regime: Arvind Subramanian

[I]  GST: Concept of luxury expands; paints, chocolates under 28%

[I]  E-commerce players loses GST rate battle after levy of 1% TCS on sellers

[I]  PM Modi's Digital India intiative: Work in progress

[I]  Telephone user base grows 0.51% to 1.19 billion in March

[I]  June 30 deadline for Aadhaar not to be extended: Govt to Supreme Court

[I]  Electoral bonds a retrograde step, says EC to parliamentary panel

[I]  Fix corporates first to lift credit flow, says Viral Acharya

[I]  Forex reserves down $443.6 mn to $375.27 bn due to fall in currency assets

[I]  How three years of Modi have taken us back to the 1940s

[I]  As deadline looms, experts find way to unlock ransomware files