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Newsletter | 02 August 2016

RBI puts bank licences on tap, excludes big groups RBI in its final guidelines allows NBFCs, qualified individuals and some private firms to apply for a bank licence as and when they choose to

GST bill: BJP issues whip to Rajya Sabha MPs in signal of intent The whip is significant as NDA is hopeful that the GST bill will be tabled in Rajya Sabha this week and will be taken up for discussion and passage Reliance Jio to launch in market seeing slower mobile data revenue growth Reliance Jio's entry may make the going tougher for existing operators, but it too will have to contend with a slowing data market and increasing price competition Uber can't afford to lose in India after Didi merger in China India's taxi apps war just got a lot more interesting with Didi Chuxing buying Uber's Chinese operations

OPINION The Gurgaon syndrome in Indian urbanization The state is absent where it is needed and present where it need not be

IIP might be better than reported The reported negative growth in capital goods segment is a distortion being magnified by one particular industry Is RBI too growth friendly? The RBI governor could be criticized for being too growth friendly and thus undermining the inflation-targeting regime Time for Europe to be ambitious If Europe can double its energy efficiency by 2030, Europeans will look back and wonder how they ever lived differently

More on Livemint SUVs, compact cars prop up auto sales Sales at Renault jump 610%, riding on new models, while those at market leader Maruti Suzuki grow 13.90% Bill to amend Sarfaesi, debt recovery tribunal Acts cleared by Lok Sabha The amendments to the Sarfaesi Act and debt recovery tribunal Act are aimed at faster recovery and resolution of bad debts by banks and financial institutions Anandiben Patel sends in resignation as Gujarat agitations snowball BJP president Amit Shah confirmed that Anandiben Patel offered to resign and he would place her letter before the party's parliamentary board Core group to review proposals for strategic disinvestment in PSUs The govt is considering the suggestions of NITI Aayog and will take a view on a case-by-case basis

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