Today's Sector News - 17.12.2019: 09.00 Am
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* BANKING: In a boost to digital payments systems in India, the Reserve Bank of India on Monday said effective Jan 1, banks cannot charge savings account customers for online transactions in National Electronic Funds Transfer, or NEFT.
* ECONOMY: Finance Minister Nirmala Sitharaman on Monday said the government has been looking at critical data such as GDP, inflation, and employment for the last couple of months and will address any "misgivings" about it.
-Finance Minister Nirmala Sitharaman on Monday held pre-Budget consultation meeting with
stakeholders from financial sector and capital markets.
* REGULATORY: SEBI is not mulling any additional disclosure norms or restrictions on promoters
pledging their shares for raising capital, said Chairman Ajay Tyagi.
* STEEL: ArcelorMittal has completed the acquisition of Essar Steel India, and will own and operate the company through a joint venture with Nippon Steel Corp, to be known as ArcelorMittal Nippon Steel India.
* TAXATION: The government has extended the last date for payment of December instalment of advance tax for 2019-20 (Apr-Mar) for seven north eastern states.
* TELECOMMUNICATION: Three employees' unions of embattled state-owned telecom player Bharat Sanchar Nigam have called for a one-day general strike on Jan 8 to protest against delay in payment of salaries, and for making other employee compensation-related demands.
* TRADE: India and the US have made significant progress and sorted various differences with respect to a trade deal between the two countries, and may soon finalise the terms, Minister of Commerce and Industry Piyush Goyal said.
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