Today's Sector News - 31.10.2019: 09.00 Am
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* ECONOMY: The government is committed to safeguard the interest of domestic companies and will consult all stakeholders before signing new trade agreements, Commerce Minister Piyush Goyal said.
- A government panel has suggested lowering the cost of capital in India to the average of the top 10
countries in the Organisation for Economic Co-operation and Development, in a bid to boost exports.
* INFRASTRUCTURE: The Ministry of Road Transport and Highways is considering insurance cover for road projects instead of bank guarantees provided by infrastructure companies, said Minister of State for Road Transport and Highways V.K.Singh.
- The National Highways Authority of India is firming up a strategy to prioritise land acquisition for
projects that are set to be awarded over the next two to three years, in a bid to hasten execution of
economically viable road projects.
* TELECOMMUNICATIONS: Distribution platform operators or cable operators will have to keep a gap of six to 18 months between two audits, according to new norms released by the Telecom Regulatory Authority of India.
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