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Cokes Quincey to Discuss Trump Blames Republicans Pujara, Rahuls Fighting

Sugar Tax with PM Modi for Defeat of Healthcare Bill Knocks Take India to 248/6
BRANDS & COMPANIES5 AROUND THE WORLD15 SPORTS: THE GREAT GAMES20

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ANOTHER CHANCE TO RESOLVE NIGGLES Threats Abound,

Racing Towards Modi Seeks Sabka Saath in Need to Stay Alert &
Cooperate: Cheney

GST, I-T to Hold Achieving Digi-Pay Target

Says digital payments movement gaining pace with even poor participating
Industrys Hand Our Political Bureau
We must take our fight
against black money and
corruption to the next
The Times Group launches the Power of New Delhi: Prime Minister Na-
level. Can 125 cr country- Increasing global instability is a
Print awards today. Launched in association
with Nestle, its the first-ever initiative to
10 groups set up Gearing Up rendra Modi exhorted his fellow
citizens to embrace digital trans- men resolve to undertake concern for the entire world,
reward the best of print creativity in the under senior taxmen For GST actions so that the full-year target
of 2,500 crore payments could be
2,500 cr digital trans-
actions during this year?
especially fast-growing coun-
country. It will be conducted as an open Legislations Ready tries like India. All nations with a
reached in half that time.
contest where participants would use the to examine issues and Govt to introduce GST With demonetisation getting
if they wish, they can do stake in a peaceful world order
print medium to work on a live brief set out Bills in Parliament this week strong popular support as reflec- it in six months
by a brand/company to solve a real and report by April 10 CGST, IGST, UTGST, compensation ted in the recent assembly poll re- tal transactions during this year?
must stay alert to threats even
current business problem. The initiative and law to repeal central sults in Uttar Pradesh, the prime We made an announcement in if distant or speculative and
culminates at the Kyoorius Creative Awards Deepshikha.Sikarwar excise provisions minister dwelt on the topic of go- Budget, Modi said. Our 125 crore cooperate, writes Dick Cheney,
(KCA) on June 2, 2017, in Mumbai. 5 @timesgroup.com Bills have received ing cashless in his Mann ki Baat countrymen, if they wish to do so, former US vice-president.13
Presidents assent address on Sunday. they need not wait for a year, they
New Delhi: As India gets ready My dear countrymen, we must can do it in 6 months. We should
Will Clear Dues Within 3 Days of for its biggest tax reform in de- Organisational Preparations On take our fight against black mo- contribute towards reducing the
Rosneft Deal: Essar to LIC, Lenders cades, industries such as ecom- CBEC renamed Central Board ney and corruption to the next le- use of cash, of currency notes. Citizens are Equal
merce, banking and insurance, of Indirect Taxes and Customs vel. Can 125 crore countrymen re-
Essar Oil has given an undertaking to LIC and logistics and others will get Nationwide training solve to undertake 2,500 crore digi- FULL REPORT: economictimes.com Partners in Andhra
some lenders that their dues will be cleared in another chance to resolve any
three days of the closure of its Rosneft deal. niggles they have with the go-
of manpower
IT network being strengthened
WHAT PEOPLE WANT TO HEAR IN MANN KI BAATPAGE 4 Growth Story: Naidu
Markets: Beating Volatility 9 ods and services tax (GST),

Temasek to Buy True Norths 18%

which the government wants to
llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
put in place by July 1.
Ahead of the introduction of
NIC Raises `. 893 crore Through GST-related legislation in Parli-
101 GST taxpayer services
commissionerates on cards
Removing Niggles

in Manipal Health for `. 1,400 cr

Bonds to Meet Solvency Norms ament this week, the govern-
National Insurance Company (NIC) has raised ment has set up 10 groups to iron
out sectoral issues faced by trade
`. 893 crore through subordinated debt to shore and industry to ensure a smooth
up its solvency margin. transition to the new regime
Finance & Commodities 12 with just a little over three
llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
months to go. The President gave
his assent to the four GST laws
last week, paving the way for the-
Board Works on Guidelines to Help ir introduction in Parliament.
Individuals Declare Bankruptcy
The Insolvency and Bankruptcy Board of India
The groups have been set up
under senior tax officials to ex-
amine the concerns of industry
is working on guidelines for individuals who
and submit reports by April 10.
want to declare bankruptcy.
A senior government official
Finance & Commodities 12 told ET that most issues have
been addressed through feed-
back but it was felt some sectors
CBEC has set up working groups
to address industry concerns
Sectors such as ecommerce,
financial services can represent
to these groups
they were able to make a glitch-
free shift to GST.
The sectors up for review in-
clude banking, finance and in-
surance, telecom, exports, IT/
ITeS (information technology-
enabled services), transport and
logistics, textiles, MSMEs (mi-
cro, small and medium enterpri-
ses), oil and gas, gems and jewel-
lery, and services received and
provided by the government.
Hospital chain valued at $1.2 billion, PE investors look for bigger pie
Arijit Barman & Sneha Shah
Mumbai: Temasek is all set to ac-
quire an 18% stake in Manipal
Health Enterprises Pvt Ltd
(MHEPL) from True North, valu-
ing Indias third-largest hospital
chain at as much as $1.2 billion
(.`7,800 crore), said people with
knowledge of the matter.
The investment underscores
Temaseks bet on Indian health-
By making citizens equal part-
ners in the states progress,
In The Pink Of Health Andhra Pradesh is creating its
MANIPAL HOSPITALS: KEY FIGURES own strain of development that
Likely Valuation
integrates rapid economic
15 4900
hospitals beds
`5850 crore`7800 crore
True Norths
growth, propelled by tech and
18% innovation with inclusive devel-
3rd largest Footprint stake worth opment, writes Chandrababu
`1050 crore
Indian hospital Karnataka, Goa, Tamil Nadu, Naidu, Andhra CM.13
chain after Rajasthan, Andhra Pradesh, `1400 crore
(approx.)
Apollo, Fortis Delhi, Malaysia, Nigeria

Source: IBEF
having special peculiarities ne- care and, according to some, may Key Shareholders FY16 Revenue
Govts plan to cash in on prime land will eded a closer look to ensure FULL REPORT: economictimes.com even be a precursor to a bigger Ranjan Pai & family, `1128.6 cr, EBITDA
help builders fleece homebuyers. Agree? push one that could eventually TPG, True North of `206.4 cr
see the investment company of
MOTHERSON SUMI WEIGHS BID FOR BOSCH DIVISION PAGE 13
66%
YES
26%
NO
8%
CANT SAY
Resolution Hope for Retro Tax Cases the Singapore government stitch
together a controlling stake in
TODAYS QUESTION India has offered to waive interest liability in a fresh the company. ment. In 2012, IVFA had invested vested another `. 900 crore ($146
Will new jobs created due to automation attempt to settle income-tax cases such as those in- With a new investor coming on `. 1,000 crore (then $180 million) to million) for a 23% stake. It will
offset the impact of jobs lost because of it? board, True North, formerly In- bankroll Manipals expansion in remain invested.
www.economictimes.com
volving Cairn India and Vodafone, provided the principal dia Value Fund Advisors (IVFA), India and overseas. In 2015,
amount is paid. CBDT has issued a circular in this regard.5 will fully exit its five-year invest- bulge-bracket investor TPG in- Valued at `. 5,850-7,800 cr3