16 March: News Roundup

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Business Standard

Ø  Govt for PSBs' stability first, consolidation later

Ø  Jio adjusted gross revenue up 21.3% at Rs 5,300 cr

Ø  India to engage with US on export subsidies

Ø  Trai issues notice to Airtel for violating order

Ø  'India offers Rs 1L-cr biz in bio-fuel, bio-energy'

Ø  Feb trade deficit at $12 billion, exports grow 4.5%

Ø  Govt plans to bar 91 defaulters from leaving India

Ø  GIC Re to start London operations next month



Ø  Merger with associate banks led to higher account closure this year: SBI

Ø  Govt not to extend March 31 deadline for selling pre-GST packaged goods

Ø  | LS passes bill to enable govt to double tax-free gratuity to Rs 2 mn

Ø   TN govt to focus on aerospace, defence sectors to get Rs 100 bn investment

Ø  ICICI Securities Rs 40-bn IPO to open on March 22; price band at Rs 519-520

Business Line



Mint

Ø  India to approach USTR against steel, aluminium tariffs

Ø  Suzlon commissions 340 MW solar projects

Ø  M.P. begins wheat purchase atRs.2,000/quintal

Ø  Rosy Blue Group has not defaulted on any bank loan: Mehta

Ø  Calderys India Refractories eyeing 25% capacity expansion

Ø  Goa mining industry stares at uncertainty



Ø  GST one of the most complex, and second highest tax rate in world: World Bank

Ø  Air India made Rs543.03 cr from asset monetisation: Govt

Ø  Infosys to open technology and innovation hub in Connecticut, US

Ø  Fortis Healthcare suitors look to buy shares from public, banks

Ø  Air India sale: Singapore Airlines has open mind on making a bid

Financial Express



Financial Chronicle

Ø  Shipping ministry for bringing MTOs under self-regulation

Ø  PF: PPF accounts to remain immune from attachment

Ø  CREDAI seeks cut in GST; bank financing to buy land for low-cost home

Ø  CBI arrests RP Info System directors in Rs 515 cr bank fraud

Ø  PSBs to link SWIFT with Core Banking Solution by April 30



Ø  Currency derivative trade limit raised to $100m from $15m

Ø  CBEC field offices observe GST refund fortnight for exporters

Ø  More 4G spectrum for BSNL, revival plan for MTNL: Sinha

Ø  Trade deficit narrows to $12 billion in Feb

Ø  Banks to establish robust risk management system soon