Today Sector News – 31.01.2018
* AUTOMOBILE: Automobile manufacturers will launch 24 new vehicles at Auto Expo 2018, to be held in Greater Noida from Feb 7 to Feb 14, the Society of Indian Automobile Manufacturers said. Hyundai will introduce its first electric car in the Indian market next year, becoming the first global automaker to do so.
* AVIATION: The near 20% volume growth that the domestic aviation market has been witnessing so far this fiscal may continue next year as well with volumes likely to fly past the 150-mln mark in FY19, up from 125 mln in FY18.
* BANKING: Bankers have decided that they will negotiate only with the highest bidder when resolving cases of corporate insolvency.
* COMMODITIES: Swaraj India founder Yogendra Yadav said the Union Budget 2018-19 (Apr-Mar) should waive all loans taken by farmers for agricultural purposes.
* ECONOMY: The finance ministry may trim budgetary support towards the Pradhan Mantri Rojgar Protsahan Yojana, a flagship programme for incentivising job creation for, substantially for the present fiscal year in the Union Budget to be presented on Thursday.
* ENERGY: Government to achieve the target of achieving 100 GW of installed solar energy capacity by 2022, the Central government has invited tenders for 2,000 MW of solar power projects connected to the inter-state transmission system.
* FINANCE: The Central Information Commission has directed the finance ministry to reply to a one-year-old RTI application seeking to know the total black money collected by the government post-demonetisation.
* INFRASTRUCTURE: India signed a loan agreement with Asian Development Bank for a loan of $250 mln to finance the construction of roads spanning 6,254 km in rural areas of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal, the government said.
* INSURANCE: Max life Insurance, Birla Sun Life Insurance and Tata AIA Life Insurance are among four bidders shortlisted to buy a significant stake in IDBI Federal Life Insurance in a deal that is likely to value the company at more than 45 bln rupees.
* MINING: The Supreme Court on Tuesday directed Odisha to take "coercive action" against miners who failed to comply with the court's orders to reimburse the state for violating environmental laws while extracting iron ore between 2000-2010.
* REALTY: The Maharashtra State Cabinet on Tuesday decided to give clearance for converting 2,140 ha of land controlled by Navi Mumbai SEZ into an Integrated Industrial Area.
The City and Industrial Development Corporation has received a total of 156 bids for the auction of 13 land parcels in Navi Mumbai.
* TELECOMMUNICATION: The government asked telecom companies to honour their commitment to tackle call drops by March, Department of Telecommunications Secretary Aruna Sundararajan said.
CLICK HERE
*********************************************************************************
* AVIATION: The near 20% volume growth that the domestic aviation market has been witnessing so far this fiscal may continue next year as well with volumes likely to fly past the 150-mln mark in FY19, up from 125 mln in FY18.
* BANKING: Bankers have decided that they will negotiate only with the highest bidder when resolving cases of corporate insolvency.
* COMMODITIES: Swaraj India founder Yogendra Yadav said the Union Budget 2018-19 (Apr-Mar) should waive all loans taken by farmers for agricultural purposes.
* ECONOMY: The finance ministry may trim budgetary support towards the Pradhan Mantri Rojgar Protsahan Yojana, a flagship programme for incentivising job creation for, substantially for the present fiscal year in the Union Budget to be presented on Thursday.
* ENERGY: Government to achieve the target of achieving 100 GW of installed solar energy capacity by 2022, the Central government has invited tenders for 2,000 MW of solar power projects connected to the inter-state transmission system.
* FINANCE: The Central Information Commission has directed the finance ministry to reply to a one-year-old RTI application seeking to know the total black money collected by the government post-demonetisation.
* INFRASTRUCTURE: India signed a loan agreement with Asian Development Bank for a loan of $250 mln to finance the construction of roads spanning 6,254 km in rural areas of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal, the government said.
* INSURANCE: Max life Insurance, Birla Sun Life Insurance and Tata AIA Life Insurance are among four bidders shortlisted to buy a significant stake in IDBI Federal Life Insurance in a deal that is likely to value the company at more than 45 bln rupees.
* MINING: The Supreme Court on Tuesday directed Odisha to take "coercive action" against miners who failed to comply with the court's orders to reimburse the state for violating environmental laws while extracting iron ore between 2000-2010.
* REALTY: The Maharashtra State Cabinet on Tuesday decided to give clearance for converting 2,140 ha of land controlled by Navi Mumbai SEZ into an Integrated Industrial Area.
The City and Industrial Development Corporation has received a total of 156 bids for the auction of 13 land parcels in Navi Mumbai.
* TELECOMMUNICATION: The government asked telecom companies to honour their commitment to tackle call drops by March, Department of Telecommunications Secretary Aruna Sundararajan said.
