Today's Sector News - 25.02.2020: 09.00 Am
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* AUTOMOBILE: The coronavirus outbreak in China threatens to upset the Bharat Stage-VI transition plans of the Indian automobile sector--particularly makers of diesel vehicles and two-wheelers.
* AVIATION: The Ministry of Civil Aviation has extended the deadline for submission of written queries on the preliminary information memorandum floated seeking expression of interest from entities to acquire 100% stake in Air India to Mar 6 from Feb 11.
* BANKING: Former governor of the Reserve Bank of India C. Rangarajan said the central bank must focus on durable liquidity to ensure that cuts in policy rates are transmitted.
-Reserve Bank of India Governor Shaktikanta Das on Monday said the overhang of asset quality
woes remained on credit growth for the banking sector, which was leading banks to focus only on retail loans.
-Pointing towards innovation in digitisation and the entry of financial technology players disrupting
the traditional concept of banking, Reserve Bank of India Governor Shaktikanta Das on Monday called on banks to focus on skill development and efficiency to remain relevant in a changing environment.
-The Reserve Bank of India will consult experts such as economists, analysts, and policymakers in
Jun-Jul on the proposed review of the inflation targeting-based monetary policy framework, Governor Shaktikanta Das said.
-On a sticky wicket when faced with a query on the 70-year age limit for chiefs of private banks,
Reserve Bank of India Governor Shaktikanta Das, a self-professed fan of the gentleman's game, delved into cricketing history to provide a defence.
* REGULATORY: To bring about more efficiency in the risk management framework, the Securities and Exchange Board of India on Monday reviewed the margin framework for the cash and derivatives segments.
* TELECOMMUNICATION: The department of telecommunications has asked all telecom operators to speed up their self-assessment of adjusted gross revenue -related dues and submit documents supporting their calculation, after BHARTI AIRTEL, Tata Teleservices and VODAFONE IDEA made part payment of dues last week.
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