Idioms of the day

The Smallest Toy Can Bring Hours Of Joy.

The Great Taste Of Nothing.

Excuses Make For Bad Friends.

Prancing Like A Foal.

A Home Filled With Light Is A Home Of Delight.

Wisdom Quotes

All of our fears are treasure troves of self-knowledge ready to be explored if you dare to make the first step.

Fear is a question. What are you afraid of and why? Our fears are a treasure house of self-knowledge if we explore them. (Marilyn French)

It’s not the words you speak, but the way you say them that matters.
People may hear your words, but they feel your attitude. (John C. Maxwell)

Did you know…

Did you know…

… that today is First Sunday Paper Published Day? On this day in 1791, The Observer, a British newspaper, became the first newspaper in the world to be published and read on a Sunday. And you know what that means – it’s the world’s oldest Sunday newspaper!


Today’s Inspirational Quote:

“Yesterday already had its turn. Give today a shot.”

— Author Unknown

Interesting news briefing by IACC News

  The rupee clawed back its lost territory to settle 13 paise higher at 71.53 to the US dollar on renewed hopes about US-China trade deal. The Indian unit went through bouts of volatility for a better part of the session as caution prevailed among participants ahead of Reserve Bank’s policy meet outcome and also due to uncertainties around global trade deal.

Ø  The FDI inflow into India has increased in the last fiscal in comparison to previous years with US$ 62 billion foreign investments in 2018-19, Commerce Minister Piyush Goyal said in Lok Sabha yesterday. Goyal’s response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19 as compared to the previous years. The minister said the total FDI inflow in 2018-19 was US$ 62.00 billion, in 2017-18, the total FDI inflow was US$ 60.97 billion, in 2016-17, it was US$ 60.22 billion.

Ø  Rigid land, labor laws and protectionist trade policies are hindering investment in India even though the govt has made strides in improving the ease of doing business, says the World Bank. Logistics costs are still three times higher in India than in China and two times higher than in Bangladesh, the World Bank said

Ø  The index swung between a high of 40,886.87 and a low of 40,475.83 during the day. The 50-scrip NSE Nifty closed 43.10 points or 0.36 per cent higher at 12,037.30.

Ø  Union Railway Minister Piyush Goyal yesterday responded on Comptroller and Auditor General of India (CAG) report which stated operational losses of Indian Railways increasing manifold. Railways have been spending an additional Rs 22,000 crore on salaries and pensions of its employees following implementation of the 7th Pay Commission recommendations, which has hit its financial health, Railway Minister Piyush Goyal said in Lok Sabha. Responding to a question on operational losses of railways, Piyush Goyal said construction of new lines and operating trains in economically nonviable areas under its social obligations also take away a sizeable amount of its funds.

Ø  The GST Council on November 27 wrote a letter to states expressing concern over strained tax collections and indicated that it may not be able to compensate them for loss of revenue. It has informed states that GST and compensation cess collections in the past few months have been a “matter of concern”. To meet the shortfall, the GST Council will review all items that are currently exempted under GST and bring some of them under taxation. After the GST Council meeting on December 18, some exempted items could again come back under the tax net. Meanwhile, a few state finance ministers are scheduled to meet with Union Finance Minister Nirmala Sitharaman to discuss the compensation dispute.

Ø  India Today Data Intelligence Unit (DIU) compared the GDP forecast figures announced by rating agencies at the beginning of the year with the current statistics and found that in less than a year, they have cut down GDP predictions for FY 2019-20 by 1.5 per cent on an average.

Ø  The number of DPIIT-recognized startups getting the exemption, under the Startup India initiative, from the controversial Section 56(2)(viib) of the Income Tax Act also known as the Angel tax has seen a whopping over 1100 per cent jump in the current financial year so far. From 135 startups that were notified of exemption till March 29, as told earlier by a source with direct knowledge of CBDT’s notification to startups, 1,658 startups have been exempted as of November 25, 2019. The data was shared by Commerce Minister Piyush Goyal in the Lok Sabha yesterday.

Ø  Hinduja Group flagship Ashok Leyland   said the company proposes to observe non-working days in a few plants in December to align production at its facilities in line with market demand. The commercial vehicle maker has been adjusting production at its facilities over the last few months following the automobile slowdown. Several automobile firms including Maruti Suzuki India Ltd, Hero MotoCorp Ltd, TVS Group firm Sundaram-Clayton had announced similar non-working days in the past.

Ø  According to Society of Indian Automobile Manufacturers data, total domestic commercial vehicle sales fell 22.95 per cent to 3,75,480 units in April-September period 2019 as against 4,87,319 units in corresponding period of last fiscal.

Ø  The Union cabinet yesterday gave its approval to the Personal Data Protection Bill that seeks to lay down a legal framework to preserve the sanctity of “consent” in data sharing and penalize those breaching privacy norms. In a first, the bill proposes social media platforms to create a mechanism so that for “every user who registers their service from India or uses their service from India, a voluntary verifiable account mechanism has to be made”, said a senior government official. The provision puts the onus of creating the mechanism on the company. The provision is largely aimed at checking social media trolling.

Ø  The US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said. US President Donald Trump’s comments Tuesday downplaying the urgency of a deal shouldn’t be understood to mean the talks were stalling, as he was speaking off the cuff, according to some reports. Recent US legislation seeking to sanction Chinese officials over human-rights issues in Hong Kong and Xinjiang are unlikely to impact the talks.US negotiators expect a phase-one deal with China to be completed before American tariffs are set to rise on Dec. 15. Outstanding issues in the talks include how to guarantee China’s purchases of U.S. agricultural goods and exactly which duties to roll back.  Trump, speaking Wednesday at a meeting in London with German Chancellor Angela Merkel, said the discussions with China are going very well. “We will make a lot of progress,” he said. When asked in Seoul about whether the trade talks can be finished this year, China’s Foreign Minister Wang Yi said, “It depends. China’s stance is very clear. There is hope, as long as it is based on mutual respect and equal consultations,” according to a TV channel.

Ø  Private payrolls increased by just 67,000 in November, according to ADP and Moody’s Analytics. The number was well below consensus estimates of 150,000 and is the slowest growth since May. “The job market is losing its shine,” says Mark Zandi, chief economist for Moody’s Analytics.

Ø  Three of the scholars who testified, each invited by the committee’s Democrats, said they believed the evidence gathered so far by investigators showed that Trump was guilty of impeachable offenses. A fourth person, invited by committee Republicans, dissented, arguing that the investigation fell short, at least so far, of the high bar set by the Constitution.

Ø  At a Senate Commerce Committee hearing on Wednesday, lawmakers agreed they urgently need a federal privacy law as California’s new bill is set to take effect on Jan. 1. Two main proposals are now on the table, but lawmakers remain divided on certain key issues. Several senators emphasized that a bipartisan bill will be the only way to push forward legislation.

Ø  Treasury Secretary Steven Mnuchin says the U.S. objects to digital services taxes because they “have a discriminatory impact on U.S.-based businesses.” Mnuchin’s letter comes a day after President Trump exchanged barbs with French President Emmanuel Macron for the country’s new digital-services tax. The French tax imposes a 3% tax on revenues tech companies generate in France, including targeted advertising and digital marketplaces.

Wisdom Quote

Be at ease in your own skin for you cannot shed it like a snake.

Try to be like the turtle – at ease in your own shell. (Bill Copeland)

It’s better to find the source of a problem and being unable to fix it than it is to fix the problem without knowing its source.
It is better to debate a question without settling it than to settling a question without debating it. (Joseph Joubert)

Wisdom Quotes of the day

The more you are like you, the less you are like others and this makes you truly unique.

The more you like yourself, the less you are like anyone else, which makes you unique. (Walt Disney)

Stumbling and falling are still done by moving forwards.
Even if you fall on your face, you’re still moving forward. (Victor Kiam)

Personal Commandments

You shall be grateful for any kindness given to you.
You shall not unleash your anger onto others.
You shall not let fear overtake your judgment.
You shall be united or seek unity if there is none.
You shall be proud only of others.
You shall not inflict pain or terror in the name of god.
You shall desire no great riches.
You shall strife for a life in harmony with all.
You shall live fully in the here and now.
You shall remain determined through times of struggle.