Oil prices drop 1% as bounce-back in US production

Oil prices drop 1% as bounce-back in US production

• Oil prices drops 1% as bounce-back in US production outweighed ongoing declines in crude inventories.

• 15 of 28 economists polled by Reuters: GST benefits not felt until fiscal year starting April 2019.

• On right track? Private Sector may soon run Indian trains on major cities revenue sharing/rental-basis model.

• Silvasa, Bareilly among 9 new cities added to Smart Cities Mission, No of cities under project is 99.

• Government: Commencement of country 1st-ever 'Livability Index' to rank 116 cities, result June 2018.

• India joins chemical weapons parts export control bloc Australia Group, admits India as 43rd member.

• Microwaves could be bad for environment as cars, emit 7.7MN Ton of CO2 in EU, equal to 6.8MN Cars.

• Lancet: Early puberty is normal, age 10-24 new adolescence periods –reason bad lifestyle/Environ factors.

• Study: 80% people play online games to relax, tier II cities most active gamers, avoid depression.

• Bengaluru Bellandur Lake replete with sewage, chemical effluent catches fire, worries among residents.

• Government may hand over coal; iron ore mining to steel ministry to boost supplies, speed licenses approval.

• Trai’s IUC cut drives RIL’s profit growth in Q3 FY18 90% on IUC, recommends mobile calling, Wi-Fi in flights.

• Setback for Kejriwal as EC seeks 20 AAP MLAs disqualification, set stage for ouster from assembly.

• Hackers have walked off with 14% of big digital currencies, stolen $1.2BN of bit coin/rival currency.

• Bit coin investors (Tech-savvy young investors, real estate) in India served IT notice as trading hits $3.5BN.

• Microsoft develop AI enabled bot artist’ generate images from ordinary pastoral scene.

• Honda recalls 22834 units -Accord, City, and Jazz in India for replacing faulty airbags manufactured by Takata.

• Auto parts makers warn of job losses in sudden EV shift, 1.5MN jobs may be lost in large-scale adoptions.

• Aircraft carrier Vikrant to be commissioned by 2020, Supply Delay by Russia impeded commissioning.

• Mercedes-Benz 1st to launch BS-VI, locally made S Class produced at Pune facility ahead of 2020 deadline.

• NHAI toll plazas to have Highway Nest, food & beverage kiosks on both up-side/down-side at all 372 toll.

• Power producers still evaluating Coal India new pricing policy - all consumers will pay same rate for coal.

• Foreign buyer keen on Indian organic products; concerned over quality, In South Korea 377 tests.

• Aiming for 5L WI-Fi hotspots by 2018 end vs. 38K now, literally every village will have 1 Wi-Fi hotspot.

• Face book to let users rank trustworthy/informative in news sources to combat spread of Misinformation.

• US shouldn't speak for other Countries, says China after US Navy official's China disruptive force remark.

• US: Influenza outbreak on rise across with more than 30 Children Dead widespread across 49 states.

                                                                                                                                                    

• New Poll Says More Americans Blame Trump, Republicans for Potential Gov. Shutdown by 20-pt margin.

• China: Infra in Doklam legitimate aimed improving lives of troops/people living in own territory.

• Earthquake Registering 6.3 on Richter Scale Strike Offshore in Mexico's Gulf of California, about 48 miles.

• India IT-business process Mgmt industry crossed $150BN in 2016-17, 62% exports by US.

• Is India ready for Industry 4.0 & manufacturing-led growth? AI/Robotics/3D/IoT reduces low-wage labour

• NR Narayana Murthy-led Sebi panel pitch for friendly tax regime for investors in alternative investment AIFs.