Today's Sector News – 15.04.2019
* AUTOMOBILE: Honda Motorcycle and Scooter India has implemented a 15-20% cut in Apr-Jun twowheeler production because of weak demand for scooters and a squeeze on automobile financing.
* BANKING: Reserve Bank of India Governor Shaktikanta Das has mooted experimenting with a more layered monetary policy action framework, which will allow central banks to consider rate actions that are not in multiples of 25 basis points.
* INFRASTRUCTURE: A Mumbai bench of the National Company Law Tribunal has stayed its earlier order allowing the withdrawal of corporate insolvency process against Sterling SEZ & Infrastructure.
* SUGAR: The Maharashtra government has threatened action against 44 sugar mills in the state which have not yet paid even 80% of the fair and remunerative price to sugarcane farmers, and asked the mills to abide by the Sugar Price (Control) Order 2018, said Shekhar Gaikwad, the state's sugar commissioner.
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* BANKING: Reserve Bank of India Governor Shaktikanta Das has mooted experimenting with a more layered monetary policy action framework, which will allow central banks to consider rate actions that are not in multiples of 25 basis points.
* INFRASTRUCTURE: A Mumbai bench of the National Company Law Tribunal has stayed its earlier order allowing the withdrawal of corporate insolvency process against Sterling SEZ & Infrastructure.
* SUGAR: The Maharashtra government has threatened action against 44 sugar mills in the state which have not yet paid even 80% of the fair and remunerative price to sugarcane farmers, and asked the mills to abide by the Sugar Price (Control) Order 2018, said Shekhar Gaikwad, the state's sugar commissioner.
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