SECTORS ALERT – 26.06.2014
* AGRICULTURE: The Cabinet Committee on Economic Affairs has approved all the
recommendations of the Commission For Agriculture Costs and Prices on minimum
support prices for the 2014-15 kharif crops. Uttar Pradesh Sugar Mills Association has
written to the state government requesting rationalisation of the cane price policy.
* AUTO: Hyundai Motor India Senior Vice-President Sales & Marketing Rakesh
Srivastava expects positive sales growth in June. The automobile industry has welcomed
the extension in reduction of excise duty on vehicles till Dec 31, but with a hint of
scepticism.Government is looking at new norms for electric vehicles.
* AVIATION: The civil aviation ministry is developing an entirely new framework for
bilateral air service agreements that will focus more on the needs of domestic carriers.
* DISINVESTMENT: The government may raise asset sale target by 41% as finance
minister Arun Jaitley looks to trim the widest budget deficit among emerging markets.
* FMCG: Union Health Minister Harsh Vardhan has written to the finance ministry
seeking a value added tax of 60% on cigarettes.
* HOSPITALITY: Tata Group's budget hotel chain Ginger is looking to add 30-35 small
family-run hotels to its network through franchise agreements or management contracts.
* OIL & GAS: The Cabinet Committee on Economic Affairs has deferred the decision on
gas pricing by three months.
* INFRASTRUCTURE: The Odisha Industrial Infrastructure Development Corporation
had granted approval to JINDAL STEEL AND POWER, EMAMI PAPER MILLS, and
three others to mortgage leased land for raising loans.
* PHARMACEUTICALS: The Indian Drug Manufacturers' Association has asked the
government that 'control samples' and samples given to physicians be exempted from
duties and taxes in the Budget.
The government is likely to offer a financing scheme to the domestic pharmaceutical
industry to upgrade their manufacturing facilities and meet stringent standards of the
world's leading export markets.
* POWER: The power ministry was understood to have set up an advisory group headed
by Suresh Prabhu, power minister in the previous National Democratic Alliance-led
government, for integrated development of the sector.
There is enough scope for power utilities to ensure uninterrupted supply without tariff
shock, but consumers too need to do their bit by being willing to pay for 24x7 service and
helping stop electricity theft, Union Power Minister Piyush Goyal said. The Brihanmumbai Electric Supply and Transport Undertaking has filed a fresh affidavit
in the Maharashtra Electricity Regulatory Commission opposing TATA POWER CO's
entry into electricity distribution in Mumbai.
* REAL ESTATE: Confederation of Real Estate Developers Associations of India plans
to discontinue construction works indefinitely and stop procuring cement for its activities
in south India in protest against the steep hike in cement prices.
* RETAIL: Branded garments might become more expensive, with the finance ministry
thinking of bringing back excise duty on this category in the Budget. Japanese clothing
chain Uniqlo is looking to source garments from India.
* SHIPPING: The shipping ministry has requested the petroleum ministry to increase the
share of Indian flagged ships in the country's oil trade.
* STATES: The Maharashtra government has announced a 5% reservation in government
jobs and educational institutions for Muslims and another 16% for Maratha community
* AGRICULTURE: The Cabinet Committee on Economic Affairs has approved all the
recommendations of the Commission For Agriculture Costs and Prices on minimum
support prices for the 2014-15 kharif crops. Uttar Pradesh Sugar Mills Association has
written to the state government requesting rationalisation of the cane price policy.
* AUTO: Hyundai Motor India Senior Vice-President Sales & Marketing Rakesh
Srivastava expects positive sales growth in June. The automobile industry has welcomed
the extension in reduction of excise duty on vehicles till Dec 31, but with a hint of
scepticism.Government is looking at new norms for electric vehicles.
* AVIATION: The civil aviation ministry is developing an entirely new framework for
bilateral air service agreements that will focus more on the needs of domestic carriers.
* DISINVESTMENT: The government may raise asset sale target by 41% as finance
minister Arun Jaitley looks to trim the widest budget deficit among emerging markets.
* FMCG: Union Health Minister Harsh Vardhan has written to the finance ministry
seeking a value added tax of 60% on cigarettes.
* HOSPITALITY: Tata Group's budget hotel chain Ginger is looking to add 30-35 small
family-run hotels to its network through franchise agreements or management contracts.
* OIL & GAS: The Cabinet Committee on Economic Affairs has deferred the decision on
gas pricing by three months.
* INFRASTRUCTURE: The Odisha Industrial Infrastructure Development Corporation
had granted approval to JINDAL STEEL AND POWER, EMAMI PAPER MILLS, and
three others to mortgage leased land for raising loans.
* PHARMACEUTICALS: The Indian Drug Manufacturers' Association has asked the
government that 'control samples' and samples given to physicians be exempted from
duties and taxes in the Budget.
The government is likely to offer a financing scheme to the domestic pharmaceutical
industry to upgrade their manufacturing facilities and meet stringent standards of the
world's leading export markets.
* POWER: The power ministry was understood to have set up an advisory group headed
by Suresh Prabhu, power minister in the previous National Democratic Alliance-led
government, for integrated development of the sector.
There is enough scope for power utilities to ensure uninterrupted supply without tariff
shock, but consumers too need to do their bit by being willing to pay for 24x7 service and
helping stop electricity theft, Union Power Minister Piyush Goyal said. The Brihanmumbai Electric Supply and Transport Undertaking has filed a fresh affidavit
in the Maharashtra Electricity Regulatory Commission opposing TATA POWER CO's
entry into electricity distribution in Mumbai.
* REAL ESTATE: Confederation of Real Estate Developers Associations of India plans
to discontinue construction works indefinitely and stop procuring cement for its activities
in south India in protest against the steep hike in cement prices.
* RETAIL: Branded garments might become more expensive, with the finance ministry
thinking of bringing back excise duty on this category in the Budget. Japanese clothing
chain Uniqlo is looking to source garments from India.
* SHIPPING: The shipping ministry has requested the petroleum ministry to increase the
share of Indian flagged ships in the country's oil trade.
* STATES: The Maharashtra government has announced a 5% reservation in government
jobs and educational institutions for Muslims and another 16% for Maratha community
