Morning Brief - GST reform may up inflation, new Facebook features for Indian businesses

The landmark GST reform will drive growth but will result in inflation in the short term, especially if states move away from the standard 18-20% rate during implementation. Service taxes, which currently average 15%, will rise under GST. ET
Ratan Tata is to set up a venture capital fund, with a corpus of around $150 million. Tata has already started looking for startups to invest in, and has previously invested in Lenskart and the gaming company Madrat. LiveMint
Facebook has rolled out new features for Indian firms, which will enable Indian companies to showcase their services and products on their facebook page more effectively. FE
Beleagured Sahara chief Subrata Roy has had his parole extended till September 16, on condition that he deposits Rs. 300 crore with SEBI. Roy had received parole on humanitarian grounds following the death of his mother. Firstpost
Photo of the Day: 80% of the Kaziranga national park in Assam has been submerged, and 18 lakh people have been displaced. A woman pumps water while standing knee deep in a flood. NDTV

 

 