Today's Sector News - 26.11.2019: 09.00 Am
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* AGRICULTURE: Maharashtra Chief Minister Devendra Fadnavis has sanctioned an additional 53.8 bln rupees from the state contingency fund to provide relief to farmers affected by unseasonal rains in October and earlier this month.
* AUTOMOBILE: Volkswagen has decided to shut down production from mid-December to mid-January, which will be its second month of no production. A two-month long no-production period is unprecedented in the Indian automobile industry.
* ECONOMY: The government is planning to raise around 250 bln rupees from its asset monetisation programme, including land parcels, over the next two years.
* REAL ESTATE: The housing and urban affairs ministry has exchanged memoranda of agreement with Tamil Nadu, Madhya Pradesh, Gujarat, Tripura, and Uttar Pradesh for construction of lighthouse projects under the Global Housing Technology Challenge-India as part of the Centre's Housing for All mission.
* TELECOMMUNICATION: The Department of Telecommunications has not sent any reference to the Telecom Regulatory Authority of India on setting a floor price for tariffs charged by telecom service providers, Telecom Secretary Anshu Prakash said.
- The Digital Communications Commission will meet in the first half of December to deliberate on
the upcoming spectrum auction, which would include the fifth generation spectrum for the first time in India, Telecom Secretary Anshu Prakash said.
- The government has disbanded the committee of secretaries formed to recommend relief measures
for the telecom sector, and it is currently not considering any additional relief for telecom players on the adjusted gross revenue issue.
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