Today's Sector News – 05.07.2019
* AVIATION: Air India Assets Holdings, a special purpose vehicle that holds debt of the national carrier, is set to finalise bankers for its 220.64-bln-rupee bond issue, moving a step closer with its fund-raising plans.
* BANKING: The Reserve Bank of India has notified India Post Payments Bank as a scheduled bank.
- Banks reported frauds worth 715.43 bln rupees in 2018-19 (Apr-Mar), 73% higher than the 411 bln
rupees worth of frauds in the previous financial year, Jayant Kumar Dash, chief general manager at Reserve Bank of India said.
* ECONOMY: Chief Economic Adviser Krishnamurthy Subramanian today said proceeds from disinvestment will help fill up the gap in tax collections by the government.
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* BANKING: The Reserve Bank of India has notified India Post Payments Bank as a scheduled bank.
- Banks reported frauds worth 715.43 bln rupees in 2018-19 (Apr-Mar), 73% higher than the 411 bln
rupees worth of frauds in the previous financial year, Jayant Kumar Dash, chief general manager at Reserve Bank of India said.
* ECONOMY: Chief Economic Adviser Krishnamurthy Subramanian today said proceeds from disinvestment will help fill up the gap in tax collections by the government.
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