Today's Sector View – 26.12.2018
* AUTOMOBILE: The government has advised all its ministries and departments in the capital to replace their hired petrol and diesel cars with electric ones.
* AVIATION: Flying is about to get more expensive in India as the government has decided to raise the passenger service fee to 170 rupees from 135 rupees to meet the rising cost of airport security, which is provided by the Central Industrial Security Force.
* BANKING: The Reserve Bank of India will soon introduce a new 20-rupee currency note with additional features, according to a document of the central bank.
* FINANCE: Banks have asked the Reserve Bank of India for an exemption from classifying the 510 bln rupees loans to the beleaguered infrastructure financier IL&FS as non-performing assets unless the moratorium on the recovery is lifted.
* TAX: A group of state finance ministers might recommend raising the turnover threshold for the goods and services tax from the current 2 mln rupees to 7.5 mln rupees, in a move that would give several micro and small enterprises the option to be outside the ambit of the tax.
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(Paper Trading Practice for Currency, Equity, Commodity Segment)
* AVIATION: Flying is about to get more expensive in India as the government has decided to raise the passenger service fee to 170 rupees from 135 rupees to meet the rising cost of airport security, which is provided by the Central Industrial Security Force.
* BANKING: The Reserve Bank of India will soon introduce a new 20-rupee currency note with additional features, according to a document of the central bank.
* FINANCE: Banks have asked the Reserve Bank of India for an exemption from classifying the 510 bln rupees loans to the beleaguered infrastructure financier IL&FS as non-performing assets unless the moratorium on the recovery is lifted.
* TAX: A group of state finance ministers might recommend raising the turnover threshold for the goods and services tax from the current 2 mln rupees to 7.5 mln rupees, in a move that would give several micro and small enterprises the option to be outside the ambit of the tax.
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