Daily Sector News Today – 13.11.2017
* AUTOMOBILE: The Delhi government has called off the odd-even vehicle rationing scheme, which was supposed to be in force Nov 13-17.
* AVIATION: Airports Authority of India, is likely to issue bonds to finance airport projects. Estimates suggest that airport projects will require more than 200 bln rupees investment over the next five years. AirAsia has announced a discount sale, offering passengers one-way base fare at 99 rupees for a domestic journey across its Indian joint venture airline network and 444 rupees for international flights under a limited period offer.
* BANKING: The Reserve Bank of India has decided not to pursue a proposal for introduction of Islamic banking in the country.
* CORPORATE: The government may soon vest the Securities and Exchange Board of India with powers to act against insider trading and forward dealing activities in unlisted units of a publicly traded entity.
* ECONOMY: The services industry had grown at the expense of manufacturing and agriculture and the government would look at increasing the share of manufacturing to 25% in an expanded gross domestic product, Commerce and Industry Minister Suresh Prabhu said.
* INFRASTRUCTURE: Prime Minister Narendra Modi is planning to spend an additional 900 bln rupees to provide road connectivity in India's remote villages by March 2020.
* POWER: The Karnataka government and its power regulator exchanged letters sticking to their positions in a dispute over whether power from wind projects commissioned before Mar 31 this year should be paid 4.50 rupees per unit.
* REGULATORY: As the Securities and Exchange Board of India readies itself for the unification of equity and commodities' derivatives market, the MULTI COMMODITY EXCHANGE OF INDIA stressed the need for allowing co-location facility to the commodity sector too. Telecom Regulatory Authority of India is firm on going ahead with the consultation process, including open house forum, on spectrum auction, effectively turning down the industry's demand for putting off the discussion for the time being.
* TAXATION: At its 23rd meeting, the goods and services tax council decided to extend the date for filing returns under GSTR-3B to March.
* TELECOMMUNICATION: Bharat Sanchar Nigam on Friday signed a memorandum of understanding with Fiber Home to jointly start manufacturing telecom equipment and optical fiber cable in BSNL factories. With the first phase of BharatNet almost complete, the Centre will today launch the second phase of the programme designed to connect the country's villages with high-speed internet, Telecom Secretary Aruna Sundararajan said.
* TRANSPORTATION: The Delhi government has called off the odd-even vehicle rationing scheme, which was supposed to be in force Nov 13-17. NITI Aayog has proposed a quick pilot programme to set up infrastructure for charging electric vehicles across 55 locations in Delhi.
CLICK HERE
*********************************************************************************
* AVIATION: Airports Authority of India, is likely to issue bonds to finance airport projects. Estimates suggest that airport projects will require more than 200 bln rupees investment over the next five years. AirAsia has announced a discount sale, offering passengers one-way base fare at 99 rupees for a domestic journey across its Indian joint venture airline network and 444 rupees for international flights under a limited period offer.
* BANKING: The Reserve Bank of India has decided not to pursue a proposal for introduction of Islamic banking in the country.
* CORPORATE: The government may soon vest the Securities and Exchange Board of India with powers to act against insider trading and forward dealing activities in unlisted units of a publicly traded entity.
* ECONOMY: The services industry had grown at the expense of manufacturing and agriculture and the government would look at increasing the share of manufacturing to 25% in an expanded gross domestic product, Commerce and Industry Minister Suresh Prabhu said.
* INFRASTRUCTURE: Prime Minister Narendra Modi is planning to spend an additional 900 bln rupees to provide road connectivity in India's remote villages by March 2020.
* POWER: The Karnataka government and its power regulator exchanged letters sticking to their positions in a dispute over whether power from wind projects commissioned before Mar 31 this year should be paid 4.50 rupees per unit.
* REGULATORY: As the Securities and Exchange Board of India readies itself for the unification of equity and commodities' derivatives market, the MULTI COMMODITY EXCHANGE OF INDIA stressed the need for allowing co-location facility to the commodity sector too. Telecom Regulatory Authority of India is firm on going ahead with the consultation process, including open house forum, on spectrum auction, effectively turning down the industry's demand for putting off the discussion for the time being.
* TAXATION: At its 23rd meeting, the goods and services tax council decided to extend the date for filing returns under GSTR-3B to March.
* TELECOMMUNICATION: Bharat Sanchar Nigam on Friday signed a memorandum of understanding with Fiber Home to jointly start manufacturing telecom equipment and optical fiber cable in BSNL factories. With the first phase of BharatNet almost complete, the Centre will today launch the second phase of the programme designed to connect the country's villages with high-speed internet, Telecom Secretary Aruna Sundararajan said.
* TRANSPORTATION: The Delhi government has called off the odd-even vehicle rationing scheme, which was supposed to be in force Nov 13-17. NITI Aayog has proposed a quick pilot programme to set up infrastructure for charging electric vehicles across 55 locations in Delhi.
