The #incometax department has announced major relief to taxpayers, availing company-provided rent-free homes. It has lowered the tax for employees staying in such accommodations. The new rule comes into effect from today, September 1, 2023.

Read more: https://www.livemint.com/money/personal-finance/new-income-tax-rules-for-these-salaried-taxpayers-from-1-september-2023-tax-home-salary-increase-details-here-11693550632338.html

#GSTrevenues for August 2023 grew by 11% YoY due to improved compliance and reduced evasion, says Revenue secretary.


Read more: https://www.livemint.com/economy/india-q1-gdp-growth-may-moderate-in-the-coming-quarters-should-investors-be-worried-11693552301140.html

Indian Navy's warship #Mahendragiri was launched in Mumbai today by Vice President Jagdeep Dhankhar’s wife Sudesh Dhankhar launched the warship and the vice president was the chief guest at the event in Mumbai.

The Indian Navy’s warship Mahendragiri has been developed by Mazagon Dock Shipbuilders Limited (MDL).

📷: HT photo by Anshuman Poyrekar

Read more: https://www.livemint.com/news/warship-mahendragiri-with-advanced-weapons-sensors-launched-all-you-need-to-know-11693566582282.html

Factory production at 3-month high in August | Govt raises #naturalgas prices to $8.60/mmBtu | #G20 meeting drives up Delhi hotel rates

Read today's Mint e-paper here: epaper.livemint.com

#Ola has joined govt-backed Open Network for Digital Commerce (#ONDC) to provide food delivery services and is currently visible to small number of users.

Read more: https://www.livemint.com/companies/ola-joins-government-backed-ondc-for-food-delivery-services-report-11693617984829.html

#RBI Governor #ShaktikantaDas has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023.


Read more: https://www.livemint.com/news/india/rbi-governor-shaktikanta-das-rated-a-in-global-finance-central-banker-report-2023-11693616524045.html

The ED late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of ₹538 crore at the Canara Bank.

Read more: https://www.livemint.com/companies/people/ed-arrests-jet-airways-founder-naresh-goyal-in-bank-fraud-linked-money-laundering-case-officials-11693590770658.html

Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines which operates Vistara with the Tata group's Air India subject to the parties complying with certain voluntary commitments.

Read more: https://www.livemint.com/news/india/cci-clears-air-india-vistara-merger-11693591394836.html

#WATCH | #ISRO's #AdityaL1 was successfully launched from Satish Dhawan Space Centre today. Aditya-L1 is the first space-based observatory class to study the Sun and is fired using ISRO's reliable PSLV.

Read more: https://www.livemint.com/science/aditya-l1-isro-successfully-launches-india-s-maiden-solar-mission-11693631708491.html

#Watch | #AdityaL1 satellite has been separated. PSLV C-57 mission Aditya L-1 accomplished

"PSLV C-57 has successfully injected the Aditya L-1 satellite into the desired intermediate Orbit," says #ISRO.

#solarmission #sun

US #GreenCard backlog for employment-based applicants, particularly Indians, reaches alarming levels with estimated waiting time of 134 years.

Over 1.8 million cases in backlog, affecting futures of 134,000 Indian children. Over 400,000 may die while waiting. Broken immigration policy blamed.

Read more: https://www.livemint.com/news/world/us-green-card-backlog-10-7-lakh-indians-await-processing-with-134-year-wait-time-11693619839744.html

#UdayKotak resigns as CEO of the Kotak Mahindra Bank; Dipak Gupta to serve as interim CEO until Dec 31, 2023.

Read more: https://www.livemint.com/companies/people/uday-kotak-resigns-as-md-and-ceo-of-kotak-mahindra-bank-with-effect-from-september-1-11693647022694.html

The All India Football Federation has announced that Bhubaneswar & Guwahati will host India's opening two home matches in the #FIFAWorldCup2026 and #AFCAsianCup2027 Preliminary Joint Qualification Round 2.

Read more: https://www.livemint.com/sports/bhubaneswar-guwahati-to-host-indias-opening-two-home-matches-in-fifa-world-cup-2026-afc-asian-cup-2027-11693645899741.html

The Indian Space and Research Organisation (#ISRO) said that the #PragyanRover module of the Vikram lander has been put on a ‘sleep mode’ on Saturday.

ISRO also informed that the next sunrise is expected on September 22, 2023, and hoped for a successful awakening for another set of assignments.

Read here: https://www.livemint.com/science/news/chandrayaan3-update-isro-says-pragyan-rover-put-into-sleep-mode-may-wake-up-on-22-september-11693672750131.html

#MohamedAlFayed, the outspoken Egyptian tycoon who turned around the fortunes of two iconic London institutions—Harrods department store and Fulham Football Club—and waged a war of words with the British royal family after his son was killed in a car accident alongside Diana, Princess of Wales, has passed away at 94.

Read here: https://www.livemint.com/news/world/mohamed-al-fayed-billionaire-former-harrods-owner-dies-at-94-11693649590106.html

Former Zimbabwe captain #HeathStreak passed away on Sunday at the age of 49 after losing a long battle with cancer.

Media reports claimed that Streak had also passed away a few weeks ago. However, these reports were later proven to be false.

Read here: https://www.livemint.com/sports/cricket-news/former-zimbabwe-captain-heath-strike-passes-away-aged-49-11693723247728.html

A day after the launch of #AdityaL1 to the Earth's orbit, #ISRO successfully completed the first orbit manoeuvring exercise on Sunday.

“The satellite is healthy and operating nominally," said ISRO after the satellite was upgraded to a higher orbit and with increased velocity.

Read here: https://www.livemint.com/science/news/aditya-l1-mission-isro-completes-first-orbit-manoeuvring-exercise-second-one-to-take-place-on-sept-5-11693725384464.html

#GoFirst & #JetAirways, the cash-strapped airlines have lost their airline codes ‘G8 and 9W’ assigned by the International Air Transport Association (IATA) for being non-operational.

Read here: https://www.livemint.com/companies/news/cashstrapped-go-first-and-jet-airways-lose-airline-codes-for-being-non-operational-report-11693718128479.html

#ISRO scientist N Valarmathi, the voice behind the Indian Space and Research Organisation's rocket countdown launches including #Chandrayaan3 which turned out to be her final one, passed away on Saturday evening due to a heart attack in Chennai.

Read here: https://www.livemint.com/news/india/chandrayaan3-countdown-was-her-last-n-valarmathi-the-voice-behind-isro-mission-launches-dies-11693793389217.html

With steep rents cutting deep into their pay packets, younger professionals are left with no choice but to hunt for cheaper accommodation & co-living is emerging as a favourite.

Read here: https://www.livemint.com/money/personal-finance/the-rise-of-co-living-young-professionals-opt-for-shared-accommodation-in-bengaluru-11693761648271.html

#PersonalFinance | Personal loans are a way to use tomorrow's income today, & the process involved is simple. But you must note that the interest rates are much higher than, say, for the car loan. This is because personal loans are unsecured loans.

Here are some of the lowest #personalloan interest rates offered by various banks.