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A week in review: Here are the top stories from this week

A week in review: Here are the top stories from this week

A week in review: Here are the top stories from this week
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By CNBC-TV18 Nov 15, 2019 2:38:24 PM IST (Published)

From Amit Shah's comment on Maharashtra, SC ruling on CJI office under RTI and factory output to record losses in telecom, here are the biggest stories of the week.

A look back at some of our biggest and best stories from this week. In case you missed them, here's a recap:

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The Supreme Court on Wednesday said the office of Chief Justice comes under the Right to Information Act. Chief Justice Ranjan Gogoi, Justices Sanjeev Khanna and Deepak Gupta pronounced that the Chief Justice Office is as a public authority under RTI, and upheld the Delhi High Court verdict of 2010.
Telecom operators Bharti Airtel and Vodafone Idea have reported record losses for the quarter ended September 30 after they made heavy provisions for outstanding government dues, arising from a Supreme Court verdict on annual gross revenue. The two firms reported combined losses of over Rs 75,00 crore.
The government has extended the deadline for filing GST annual returns for 2017-18 to December 31 and for the financial year 2018-19, to March 31 next year. The dates for filing the reconciliation statement has also been extended accordingly. The government has also decided to simplify two GST forms, GSTR-9 and GSTR -9C, to help filing of tax returns.
India's retail inflation breached the central bank's medium-term target of 4 percent in October for the first time in 15 months, on the back of higher food prices. Most economists, however, expect the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) to look past the inflation data and cut rates for a sixth straight time next month with economic growth and industrial output sagging to six-year lows.
The Supreme Court has upheld the disqualification of 17 Karnataka MLAs but rejected the Assembly Speaker's decision to disqualify them for the entire term. The top court, however, refrained from commenting on the validity of the resignation though. A bench headed by Justice N V Ramana ruled that the Assembly Speaker is not empowered to disqualify MLAs till the end of the term of the House, allowing the MLAs to contest the upcoming bypolls in the state.
India's gross domestic product (GDP) growth may not see an uptick in the second quarter of the fiscal year 2020 and may further slip below 5 percent recorded in the first quarter, government sources told CNBC-TV18. The government will release Q2FY20 GDP data on November 29.
Home Minister Amit Shah on Wednesday accused the opposition of doing "outright politics" over the Centre's decision to impose President's rule in Maharashtra and asserted that any party can even now stake a claim before the governor to form a new government in the state if it has a majority.
Zee Entertainment is looking to resolve its long-standing issue of high promoter pledge against shares, with promoter Essel Group due to sell shares to a clutch of institutional investors, people familiar with the matter told CNBC-TV18. Zee Entertainment shares are likely to be sold to institutional investors via block trades. Lenders to Essel, including VTB Capital, a Russian investment bank, are currently in the process of transferring shares in an escrow account for sale of shares, the persons said, requesting anonymity.
Showing signs of sluggishness in the economy, industrial production shrank by 4.3 percent in September, registering the weakest performance in seven years due to output decline in manufacturing, mining and electricity sectors, as per official data released on Monday. According to the Central Statistics Office (CSO) data, 4.3 percent contraction is the lowest in the 2011-12 series of Index of Industrial Production, which was unveiled in May 2017. The IIP had declined by 0.7 percent in April 2012.
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