Today's Sector News – 29.07.2019
* AUTOMOBILE: The GST Council has decided to cut goods and services tax rate on all electric vehicles to 5% from 12%. In a move to boost scrapping of old vehicles, the government has proposed giving incentives on purchase of a new vehicle while scrapping an old one.
* AVIATION: The government plans to divest its stake in 20-25 airports in the next round of privatisation, said outgoing Airports Authority of India Chairman Guruprasad Mohapatra in an interaction with media.
* BANKING: The Reserve Bank of India is not in favour of the government issuing sovereign bonds in overseas markets and has expressed its opposition in writing to the government.
- Flagging risks to emerging market economies from a decisive turn in the global interest rate cycle,
RBI Governor Shaktikanta Das has said international coordination on policy framework had
become somewhat weaker in recent years.
- The government is planning to list three to four financially strong regional rural banks on stock
exchanges.
* ECONOMY: Finance minister Nirmala Sitharaman said the surcharge levied on high income earners in the Budget had not been intended to hurt foreign portfolio investors structured as trusts.
* FINANCE: Former finance secretary Subhash Chandra Garg has said that no one in the government had opposed the idea of a sovereign bond issuance during his tenure in the finance ministry.
* REGULATORY: The Securities and Exchange Board of India, in consultation with the Centre, is considering easier investment norms to attract overseas funds, several of which recently exited after changes in tax proposals effectively raised surcharges for some foreign investors.
* SUGAR: The government has notified provisional buffer stock allocation for several sugar mills across the country to create the 4 mln tn sugar buffer for 2019-20 (Aug-Jul).
* TELECOMMUNICATION: The government has assured telecom companies in a meeting that it will not allow monopoly of any one operator in the sector.
* TRADE: The RBI has agreed to relax priority sector lending norms for exports by removing the turnover condition and enhancing maximum sanction limit.
- US President Donald Trump has claimed that global trade frameworks should be reviewed to
determine which countries should be called developing nations and called for a change in World
Trade Organization rules in this regard.
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
* AVIATION: The government plans to divest its stake in 20-25 airports in the next round of privatisation, said outgoing Airports Authority of India Chairman Guruprasad Mohapatra in an interaction with media.
* BANKING: The Reserve Bank of India is not in favour of the government issuing sovereign bonds in overseas markets and has expressed its opposition in writing to the government.
- Flagging risks to emerging market economies from a decisive turn in the global interest rate cycle,
RBI Governor Shaktikanta Das has said international coordination on policy framework had
become somewhat weaker in recent years.
- The government is planning to list three to four financially strong regional rural banks on stock
exchanges.
* ECONOMY: Finance minister Nirmala Sitharaman said the surcharge levied on high income earners in the Budget had not been intended to hurt foreign portfolio investors structured as trusts.
* FINANCE: Former finance secretary Subhash Chandra Garg has said that no one in the government had opposed the idea of a sovereign bond issuance during his tenure in the finance ministry.
* REGULATORY: The Securities and Exchange Board of India, in consultation with the Centre, is considering easier investment norms to attract overseas funds, several of which recently exited after changes in tax proposals effectively raised surcharges for some foreign investors.
* SUGAR: The government has notified provisional buffer stock allocation for several sugar mills across the country to create the 4 mln tn sugar buffer for 2019-20 (Aug-Jul).
* TELECOMMUNICATION: The government has assured telecom companies in a meeting that it will not allow monopoly of any one operator in the sector.
* TRADE: The RBI has agreed to relax priority sector lending norms for exports by removing the turnover condition and enhancing maximum sanction limit.
- US President Donald Trump has claimed that global trade frameworks should be reviewed to
determine which countries should be called developing nations and called for a change in World
Trade Organization rules in this regard.
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
