Daily Sector News Today – 29.11.2017
* AVIATION: Air India Express, the overseas budget arm of Air India, has secured the Category III-B certification from Directorate General of Civil Aviation, which allows it to operate in dense foggy conditions. The Directorate General of Civil Aviation has rejected a request by American manufacturer Pratt & Whitney to relax stringent rules for checking the engines.
* BANKING: Public sector banks must undertake "several reforms" if they wish to receive capital from the government,Finance Minister Arun Jaitley has said.
* ECONOMY: The government has appointed Badri Narain Sharma as chairman of National Anti-Profiteering Authority under the goods and services tax. Finance Minister Arun Jaitley said that initiatives like Paytm's payments bank have written "a new chapter in history" and will make the Indian economy more formal. The government is lobbying for a reduction in official interest rates in coming months as it expects inflation to stay close to a 4% target.
* INFORMATION TECHNOLOGY: The Ministry Of Electronics and Information Technology has released a white paper on data protection guidelines and sought comments from all stakeholders on the approach the government should adoptwhile framing data protection rules in India.
* INFRASTRUCTURE: Nearly 15 global players including Samsung Construction and China Construction are competing with LARSEN & TOUBRO and RELIANCE INFRASTRUCTURE to bag a contract to construct India's largest convention centre.
* OIL AND GAS: Petroleum Minister Dharmendra Pradhan has defended the state-owned refiners' plan to build a 60- mtpa mega refinery in Maharashtra's Ratnagiri district. Pradhan also made a strong case for inclusion of natural gas in the goods and services tax regime.
* PHARMACEUTICALS: The World Health Organization said international regulatory frameworks must be strengthened to cope with the growing challenge posed by globalised drug manufacturing processes, combined with fragmented national markets.
* REGULATORY: The Securities and Exchange Board of India plans to introduce rules on the participation of retail investors in algorithmic trading, a system widely regarded as giving its sophisticated institutional practitioners an edge.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India, in its recommendations to the Department of Telecommunications on net neutrality, has supported the principle of equal access to content on the internet.
CLICK HERE
*********************************************************************************
* BANKING: Public sector banks must undertake "several reforms" if they wish to receive capital from the government,Finance Minister Arun Jaitley has said.
* ECONOMY: The government has appointed Badri Narain Sharma as chairman of National Anti-Profiteering Authority under the goods and services tax. Finance Minister Arun Jaitley said that initiatives like Paytm's payments bank have written "a new chapter in history" and will make the Indian economy more formal. The government is lobbying for a reduction in official interest rates in coming months as it expects inflation to stay close to a 4% target.
* INFORMATION TECHNOLOGY: The Ministry Of Electronics and Information Technology has released a white paper on data protection guidelines and sought comments from all stakeholders on the approach the government should adoptwhile framing data protection rules in India.
* INFRASTRUCTURE: Nearly 15 global players including Samsung Construction and China Construction are competing with LARSEN & TOUBRO and RELIANCE INFRASTRUCTURE to bag a contract to construct India's largest convention centre.
* OIL AND GAS: Petroleum Minister Dharmendra Pradhan has defended the state-owned refiners' plan to build a 60- mtpa mega refinery in Maharashtra's Ratnagiri district. Pradhan also made a strong case for inclusion of natural gas in the goods and services tax regime.
* PHARMACEUTICALS: The World Health Organization said international regulatory frameworks must be strengthened to cope with the growing challenge posed by globalised drug manufacturing processes, combined with fragmented national markets.
* REGULATORY: The Securities and Exchange Board of India plans to introduce rules on the participation of retail investors in algorithmic trading, a system widely regarded as giving its sophisticated institutional practitioners an edge.
* TELECOMMUNICATION: The Telecom Regulatory Authority of India, in its recommendations to the Department of Telecommunications on net neutrality, has supported the principle of equal access to content on the internet.
