Today's Sector News - 14.11.2019: 09.00 Am
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* AUTOMOBILES: At least half a dozen Chinese vehicle makers are expected to pump in about $5 bln over the next three-five years, along with their vendor-partners, to make inroads into the Indian market as their local market staggers.
* STEEL: The government has extended the deadline for domestic players to register for importing iron and steel under the Steel Import Monitoring System to Nov 20, the Directorate General of Foreign Trade said.
* TAXATION: The tax department has started questioning top companies and banks if they were passing on some of the common costs like salaries of chief executives to their branch offices.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India has brought pay-per-view channels and other platform services offered by direct-to-home service providers under regulatory supervision,
mandating that programmes transmitted through such channels should be exclusive, not shared with other distribution platform operators.
- The Department of Telecom has issued notice to telecom operators to pay their revenue share dues
within three months as directed by the Supreme Court
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