Daily Sector News Today – 14.11.2017
* AUTOMOBILE: The Delhi government has filed a review petition in the National Green Tribunal, seeking amendment to its Nov 11 order on the odd-even car rationing scheme.
* BANKING: There is nothing wrong in promoters of stressed companies bidding for their own assets in cases which have been referred for insolvency to the National Company Law Tribunal, M.S. Sahoo, chairman, Insolvency Bank Board of India. The government may issue the first tranche of 1.35-trln-rupee worth of bank recapitalisation bonds in the first week of December.
* CORPORATE: There is nothing wrong in promoters of stressed companies bidding for their own assets in cases which have been referred for insolvency to the National Company Law Tribunal, Dr M.S. Sahoo, chairman, Insolvency Bank Board of India.
* ECONOMY: India's services exports rose marginally to $13.73 bln in September from $13.70 bln in August.
* FINANCE: Finance Minister Arun Jaitley will leave on a three-day visit to Singapore on Tuesday to attend Morgan Stanley's Sixteenth Annual Asia Pacific Summit, a finance ministry official said.
* INFRASTRUCTURE: About 1 trln rupees will be spent on building new roads, including in areas affected by the Left-wing extremism, and upgrading existing ones as part of the Centre's Pradhan Mantri Gram Sadak Yojana.
* RAILWAYS: Indian Railways plans to issue large tenders as high as 1,500 km under the engineering, procurement and construction model for railway electrification, to achieve its target of full electrification by 2021.
* REGULATORY: SEBI on Monday said it had withdrawn a circular requiring default disclosures by
companies, acting on the advice of banks.
* TAXATION: With around 40% of those registered under the goods and services tax not filing returns in the first three months, the Central Board of Excise and Customs has asked its field officers to contact assessees to verify why they haven't done so.
Finance Minister Arun Jaitley ruled out a single rate for the goods and services tax, adding any further rationalisation of tariffs would be contingent on revenues.
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* BANKING: There is nothing wrong in promoters of stressed companies bidding for their own assets in cases which have been referred for insolvency to the National Company Law Tribunal, M.S. Sahoo, chairman, Insolvency Bank Board of India. The government may issue the first tranche of 1.35-trln-rupee worth of bank recapitalisation bonds in the first week of December.
* CORPORATE: There is nothing wrong in promoters of stressed companies bidding for their own assets in cases which have been referred for insolvency to the National Company Law Tribunal, Dr M.S. Sahoo, chairman, Insolvency Bank Board of India.
* ECONOMY: India's services exports rose marginally to $13.73 bln in September from $13.70 bln in August.
* FINANCE: Finance Minister Arun Jaitley will leave on a three-day visit to Singapore on Tuesday to attend Morgan Stanley's Sixteenth Annual Asia Pacific Summit, a finance ministry official said.
* INFRASTRUCTURE: About 1 trln rupees will be spent on building new roads, including in areas affected by the Left-wing extremism, and upgrading existing ones as part of the Centre's Pradhan Mantri Gram Sadak Yojana.
* RAILWAYS: Indian Railways plans to issue large tenders as high as 1,500 km under the engineering, procurement and construction model for railway electrification, to achieve its target of full electrification by 2021.
* REGULATORY: SEBI on Monday said it had withdrawn a circular requiring default disclosures by
companies, acting on the advice of banks.
* TAXATION: With around 40% of those registered under the goods and services tax not filing returns in the first three months, the Central Board of Excise and Customs has asked its field officers to contact assessees to verify why they haven't done so.
Finance Minister Arun Jaitley ruled out a single rate for the goods and services tax, adding any further rationalisation of tariffs would be contingent on revenues.
