Today's Sector View – 12.12.2018
* AUTOMOBILES: European automaker Renault announces plan to raise vehicle prices in India by up to 1.5% from January.
* BANKING: The upcoming board meet of the Reserve Bank of India on Friday still stands and there are no changes in the schedule as of now, Economic Affairs Secretary Subhash Chandra Garg said.
* COMMODITY: The Securities and Exchange Board of India is likely to approve the much-awaited entry of mutual funds and portfolio management services in commodity derivatives.
* OIL AND GAS: The Petroleum & Natural Gas Regulatory Board on Monday approved two pipelines for petroleum and petroleum products. The deadline for commissioning of the $44-bln Ratnagiri Refinery and Petrochemicals on the western coast of India has been extended by three years to 2025 as land acquisition hurdles will allow work on the world's largest refinery to begin only by 2020.
* PHARMACEUTICALS: The government has published draft rules for regulation and sale of drugs through e-pharmacy.
* TELECOMMUNICATION: A Department of Telecommunications panel has rejected a recent
recommendation of the Telecom Regulatory Authority of India to fix a flat spectrum usage charge for
operators at 3% of their adjusted gross revenue.
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(Paper Trading Practice for Currency, Equity, Commodity Segment)* BANKING: The upcoming board meet of the Reserve Bank of India on Friday still stands and there are no changes in the schedule as of now, Economic Affairs Secretary Subhash Chandra Garg said.
* COMMODITY: The Securities and Exchange Board of India is likely to approve the much-awaited entry of mutual funds and portfolio management services in commodity derivatives.
* OIL AND GAS: The Petroleum & Natural Gas Regulatory Board on Monday approved two pipelines for petroleum and petroleum products. The deadline for commissioning of the $44-bln Ratnagiri Refinery and Petrochemicals on the western coast of India has been extended by three years to 2025 as land acquisition hurdles will allow work on the world's largest refinery to begin only by 2020.
* PHARMACEUTICALS: The government has published draft rules for regulation and sale of drugs through e-pharmacy.
* TELECOMMUNICATION: A Department of Telecommunications panel has rejected a recent
recommendation of the Telecom Regulatory Authority of India to fix a flat spectrum usage charge for
operators at 3% of their adjusted gross revenue.
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