Today's Sector News – 21.06.2019
* AVIATION: Transition to new lease accounting standard Ind AS 116 by airline companies will have
significant impact on their leased assets and liabilities, according to accounting firm EY.
* BANKING: The Reserve Bank of India has decided to end the practice of banks sending physical cheques forstate government businesses from Jul 1, to take forward the efficiency provided by the electronic ChequeTruncation System.
* REGULATORY: The Mutual Fund Advisory Committee of the Securities and Exchange Board of India proposed that the exposure limit of liquid funds to non-banking finance companies and housing finance companies be reduced in a phased manner.
* STEEL: Indian steel producers are in for a "challenging time" ahead because imports into the country could rise, which will lead to more intense competition.
* TELECOMMUNICATION: The government is waiting recommendations from an inter-ministerial committee to decide on whether to ban Huawei Technologies Co or not amid concern over the company allegedly facilitating spying for China.
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significant impact on their leased assets and liabilities, according to accounting firm EY.
* BANKING: The Reserve Bank of India has decided to end the practice of banks sending physical cheques forstate government businesses from Jul 1, to take forward the efficiency provided by the electronic ChequeTruncation System.
* REGULATORY: The Mutual Fund Advisory Committee of the Securities and Exchange Board of India proposed that the exposure limit of liquid funds to non-banking finance companies and housing finance companies be reduced in a phased manner.
* STEEL: Indian steel producers are in for a "challenging time" ahead because imports into the country could rise, which will lead to more intense competition.
* TELECOMMUNICATION: The government is waiting recommendations from an inter-ministerial committee to decide on whether to ban Huawei Technologies Co or not amid concern over the company allegedly facilitating spying for China.
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