Modi's all party democractic debate, savings at two-decade low and more

From Infosys' GST push to iPhone X's soaring demand, BS brings you up to speed with latest news

Debate democracy in party, says PM Modi

Prime Minister Narendra Modi on Saturday called for a debate on democracy within political parties in the country. Though he did not name any outfit or person, the comment — articulated during the Bharatiya Janata Party’s (BJP’s) Diwali celebrations — comes at a time when opposition Congress is poised for a leadership change. Read here

Household savings at two-decade low

The household savings rate continues to decline and has touched a two-decade low in 2016-17. Household savings as a proportion of the gross domestic product (GDP) at current prices declined to 18.5 per cent in 2016-17, the lowest rate since 1997-98. Read here

 

 Infosys to expand team to put GSTN on track

Infosys is yet to fix all the technical glitches on the Goods and Services Tax Network (GSTN) even as the deadline to do so will end on October 31. The Bengaluru-based software major built the technology network for GST and is also responsible for maintaining it. Read here

 

Demand for iPhone X soars, but delivery might be slow

The demand for Apple’s latest, iPhone X, is off the charts — but you might have to stay patient before getting your hands on it, claim analysts. Pre-orders for the much anticipated 10th anniversary phone started in US around Friday midnight. Squashing reports of muted demand, Apple Inc showed that pre-orders were soaring. Read here