Daily Sector News Today – 02.01.2018
* AVIATION: Air India will open its books to likely bidders by giving them access to virtual data centre with relevant information on assets, liabilities and contracts signed to date.
* BANKING: With the closure of Reserve Bank of India's deadline to resolve 28 identified large stressed accounts, banks are gearing up to refer as many as 24 of them for insolvency.
* ECONOMY: The Central Statistics Office will release its first advance estimate of India's GDP for the current financial year ending March on Friday.
* ENERGY: State-owned oil retailers are estimated to incur a loss of 12.43 rupees a ltr on the sale of subsidised kerosene in January, according to data released by the oil ministry's Petroleum Planning & Analysis Cell.
* INFRASTRUCTURE: The government expects to receive all bids for its offer of nine operational toll road projects by Jan 9, according to a release from the Ministry of Road Transport and Highways.
* MEDIA: To address the procedural bottlenecks in the broadcast sector, the Telecom Regulatory Authority of India is planning to issue recommendations on the ease of doing business by the end of January.
* REALTY: The Maharashtra government has set up a tribunal to hear appeals against the rulings of Maharashtra Real Estate Regulatory Authority.
* STEEL: The Ruias are considering bidding for Essar Steel, with the Lok Sabha passing amendments to the Insolvency and Bankruptcy Code.
* TAXATION: The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns--GSTR-3B--and adjust tax liability.
* TELECOMMUNICATION: The department of telecommunication is holding talks with Indian operators to find ways to reduce litigation as part of the new telecom policy. A parliamentary panel wants the government to slash levies on telecom companies to ensure faster expansion of telecom and digital networks.
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* BANKING: With the closure of Reserve Bank of India's deadline to resolve 28 identified large stressed accounts, banks are gearing up to refer as many as 24 of them for insolvency.
* ECONOMY: The Central Statistics Office will release its first advance estimate of India's GDP for the current financial year ending March on Friday.
* ENERGY: State-owned oil retailers are estimated to incur a loss of 12.43 rupees a ltr on the sale of subsidised kerosene in January, according to data released by the oil ministry's Petroleum Planning & Analysis Cell.
* INFRASTRUCTURE: The government expects to receive all bids for its offer of nine operational toll road projects by Jan 9, according to a release from the Ministry of Road Transport and Highways.
* MEDIA: To address the procedural bottlenecks in the broadcast sector, the Telecom Regulatory Authority of India is planning to issue recommendations on the ease of doing business by the end of January.
* REALTY: The Maharashtra government has set up a tribunal to hear appeals against the rulings of Maharashtra Real Estate Regulatory Authority.
* STEEL: The Ruias are considering bidding for Essar Steel, with the Lok Sabha passing amendments to the Insolvency and Bankruptcy Code.
* TAXATION: The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns--GSTR-3B--and adjust tax liability.
* TELECOMMUNICATION: The department of telecommunication is holding talks with Indian operators to find ways to reduce litigation as part of the new telecom policy. A parliamentary panel wants the government to slash levies on telecom companies to ensure faster expansion of telecom and digital networks.
