Today's Sector News – 01.08.2019
* BANKING: The finance ministry has called the top executives of all public sector banks on Friday to take stock of resolution of non-performing assets, a senior government official said.
* COMMODITY: The government is likely to penalise sugar mills that fail to exhaust the export quota allocated to them in the current season ending October, a government official said.
-The Centre may set the August sugar sale quota for mills at 1.9 mln tn, lower than 2.05 mln tn set for
July.
* REGULATORY: The government has invited applications to fill the vacancy created by the resignation of Viral Acharya from the deputy governorship of the Reserve Bank of India.
* TAXATION: A task force formed by the government to draft a new direct tax code has sought an extension and is now likely to submit its report by mid-August, a senior finance ministry official said.
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* COMMODITY: The government is likely to penalise sugar mills that fail to exhaust the export quota allocated to them in the current season ending October, a government official said.
-The Centre may set the August sugar sale quota for mills at 1.9 mln tn, lower than 2.05 mln tn set for
July.
* REGULATORY: The government has invited applications to fill the vacancy created by the resignation of Viral Acharya from the deputy governorship of the Reserve Bank of India.
* TAXATION: A task force formed by the government to draft a new direct tax code has sought an extension and is now likely to submit its report by mid-August, a senior finance ministry official said.
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