Today's Sector News – 27.05.2019
* AVIATION: GoAir will offer discounted fares on 1 mln seats in domestic flights for travel between Jun 15 and Dec 31, at all-inclusive prices starting 899 rupees.
-Air India's latest bid to sell real estate assets has found few takers. The national carrier could sell less than 10 of the 56 properties that were put up for sale in April.
* BANKING: In a move that will further dampen sentiment for non-bank finance companies even as it aims to improve their liquidity, the Reserve Bank of India on Friday issued draft norms on liquidity risk management for all large non-banking financial companies.
-The RBI on Friday said it will conduct an auction on Jun 13 to purchase government securities under open market operations for 150 bln rupees to infuse durable liquidity.
* FINANCE: In a pre-Budget meeting with the government, the Federation of Indian Chambers of Commerce and Industry today pitched for the abolition of minimum alternate tax in the full Budget.
* TAXATION: A single authority for sanctioning and processing GST refunds is in the offing as the finance ministry looks to speed up and simplify the process for exporters.
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-Air India's latest bid to sell real estate assets has found few takers. The national carrier could sell less than 10 of the 56 properties that were put up for sale in April.
* BANKING: In a move that will further dampen sentiment for non-bank finance companies even as it aims to improve their liquidity, the Reserve Bank of India on Friday issued draft norms on liquidity risk management for all large non-banking financial companies.
-The RBI on Friday said it will conduct an auction on Jun 13 to purchase government securities under open market operations for 150 bln rupees to infuse durable liquidity.
* FINANCE: In a pre-Budget meeting with the government, the Federation of Indian Chambers of Commerce and Industry today pitched for the abolition of minimum alternate tax in the full Budget.
* TAXATION: A single authority for sanctioning and processing GST refunds is in the offing as the finance ministry looks to speed up and simplify the process for exporters.
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