Daily Sector News Today – 05.10.2017

Daily Sector News Today – 05.10.2017

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* AUTOMOBILE: The government plans to soon float bulk tenders to buy electric-powered threewheelers and rickshaws, .

* BANKING: The Reserve Bank of India has capped the amount that can be loaned to a single borrower via peer-to-peer platforms by a single lender at 50,000 rupees. RBI's internal panel has suggested rates on treasury bills, certificates of deposit, and the policy repo rate as possible external benchmarks for pricing loans.

* CORPORATE: The National Company Law Tribunal has admitted petitions to initiate insolvency
proceedings against Sirpur Paper Mills and Nizam Deccan Sugars.

* ECONOMY: The RBI said it will issue a discussion paper by the end of October on foreign exchange retail trading platform. The RBI said it would take several steps, including auctioning state bonds every we* AUTOMOBILE: The government plans to soon float bulk tenders to buy electric-powered threewheelers and rickshaws, .

* BANKING: The Reserve Bank of India has capped the amount that can be loaned to a single borrower via peer-to-peer platforms by a single lender at 50,000 rupees. RBI's internal panel has suggested rates on treasury bills, certificates of deposit, and the policy repo rate as possible external benchmarks for pricing loans.

* CORPORATE: The National Company Law Tribunal has admitted petitions to initiate insolvency
proceedings against Sirpur Paper Mills and Nizam Deccan Sugars.

* ECONOMY: The RBI said it will issue a discussion paper by the end of October on foreign exchange retail trading platform.

The RBI said it would take several steps, including auctioning state bonds every week and disclosing
high-frequency data relating to state finances.

* OIL AND GAS: Finance Minister Arun Jaitley will soon write to states, urging them to cut value added tax on petrol and diesel by 5 percentage points in a bid to give relief to consumers from the recent spurt in fuel prices, Petroleum Minister Dharmendra Pradhan said. ek and disclosing
high-frequency data relating to state finances.

* OIL AND GAS: Finance Minister Arun Jaitley will soon write to states, urging them to cut value added tax on petrol and diesel by 5 percentage points in a bid to give relief to consumers from the recent spurt in fuel prices, Petroleum Minister Dharmendra Pradhan said.