Today's Sector News - 16.08.2019: 09.00 Am
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* AVIATION: The government has moved closer to a complete exit from Air India, with the committee of secretaries led by Cabinet Secretary P.K. Sinha agreeing in principle to sell 95% in the national carrier.
* BANKING: Former Reserve Bank of India governor Bimal Jalan-led panel on economic capital framework of the central bank met for the last time Wednesday, and nearly finalised its report.
The RBI has clarified that banks must not levy charges on customers for transactions at automated teller machines that fail due to technical reasons or non-availability of currency notes.
* PHARMACEUTICALS: The National Pharmaceutical Pricing Authority has allowed a 10% price hike for knee implants for a year, while also extending its control on prices of the medical device by another 12 months. The US Food and Drug Administration has approved a new drug for the treatment of a deadly type of drugresistant tuberculosis.
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