Today's Sector News - 28.08.2019: 09.00 Am
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* ECONOMY: The Reserve Bank of India should pay interim dividend to the government only under
"exceptional circumstances" from hereon, according to the report of the Bimal Jalan-led panel set up to review the central bank's economic capital framework.
* OIL AND GAS: The food ministry has requested the petroleum ministry to ask oil marketing companies to buy ethanol made directly from sugar, and has also asked it to fix a separate price for this category of ethanol.
* REGULATORY: Securities and Exchange Board of India Chairman Ajay Tyagi said mutual funds should not compromise safety for higher returns while investing.
* TAXATION: Finance Minister Nirmala Sitharaman called on tax authorities not to "overstretch" to ensure collection targets were met.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India in a draft amendment has
suggested changing annual audit period of distribution platform operators or cable operators so that there is a gap of at least two quarters between audits for two consecutive calendar years.
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