Today's Sector News – 03.06.2019
* AGRICULTURE: The government has extended its flagship farmer income scheme to all farmers and also approved a pension plan for them, setting the ball rolling to tackle farm distress.
* AUTOMOBILES: China's utility vehicle maker Great Wall Motors is set to invest over $1 bln in
India.
* COMMODITY: The food ministry has sought Cabinet approval for 47 bln rupees to expand sale of subsidised sugar to all beneficiaries of the national food security plan.
The Centre may set the sugar sale quota for mills at 2.15 mln tn in June, higher than 2.1 mln tn set for May.
* ECONOMY: Lower GDP growth in the last quarter of the previous financial year, due to a slowdown in consumption, may continue to reflect in Apr-Jun as well, Finance Secretary Subhash Chandra Garg said.
-The commerce ministry termed the US government's withdrawal of India's preferential trade access to its markets as "unfortunate" even after it offered some resolutions to the requests made by the US.
-Brokerage firms expect the Reserve Bank of India to cut repo rate by 25 basis points in its upcoming
monetary policy review on Thursday, in response to the slowdown in the GDP.
-Government officials have told Finance Minister Nirmala Sitharaman that there is no fiscal space for any giveaways in the forthcoming Budget.
* TAXATION: The goods and services tax collection rose 6.7% on year in May to 1.003 trln rupees.
* TELECOMMUNICATION: The Department of telecommunications may auction 4G and 5G spectrum as early as Sep-Oct, likely at prices recommended by the regulator.
KEEP REFRESH FOR NEXT UPDATE
தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள் Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
RUPEEDESK - SHARE MARKET TRAINING
* AUTOMOBILES: China's utility vehicle maker Great Wall Motors is set to invest over $1 bln in
India.
* COMMODITY: The food ministry has sought Cabinet approval for 47 bln rupees to expand sale of subsidised sugar to all beneficiaries of the national food security plan.
The Centre may set the sugar sale quota for mills at 2.15 mln tn in June, higher than 2.1 mln tn set for May.
* ECONOMY: Lower GDP growth in the last quarter of the previous financial year, due to a slowdown in consumption, may continue to reflect in Apr-Jun as well, Finance Secretary Subhash Chandra Garg said.
-The commerce ministry termed the US government's withdrawal of India's preferential trade access to its markets as "unfortunate" even after it offered some resolutions to the requests made by the US.
-Brokerage firms expect the Reserve Bank of India to cut repo rate by 25 basis points in its upcoming
monetary policy review on Thursday, in response to the slowdown in the GDP.
-Government officials have told Finance Minister Nirmala Sitharaman that there is no fiscal space for any giveaways in the forthcoming Budget.
* TAXATION: The goods and services tax collection rose 6.7% on year in May to 1.003 trln rupees.
* TELECOMMUNICATION: The Department of telecommunications may auction 4G and 5G spectrum as early as Sep-Oct, likely at prices recommended by the regulator.
Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls z
