EOD UPDATE 24-08-2019

Several measures underway for further development of GIFT City: Sebi chief
“India also must figure on the map of the global financial centres network,” Tyagi said.

Finance minister Nirmala Sitharaman to address press conference on state of economy

Government Departments To Replace Old Vehicles To Boost Auto Sector

The Finance Minister said the government will lift the ban on its bodies from replacing the old vehicles.

Government Scraps Higher Surcharge On Foreign Investors

Finance Ministry also decided to withdraw enhanced surcharge on short and long term capital gains arising from transfer of equity shares.

Trump vows to respond after China hikes tariffs on soyabean & auto
China threatened earlier to impose additional tariffs on $75 billion of American goods.

Coal India remains bullish on performance
Average international coal price has gone down from $75 per tonne to $48 in just a few months.

NHB to provide Rs 20,000 crore additional liquidity support to housing finance companies
This will increase the total liquidity support to Rs 30,000 crore, said finance minister Nirmala Sitharaman

FM Nirmala Sitharaman: GST filing process to become easier, number of forms to be reduced
The minister also said that all future GST refunds to MSMEs shall be paid within 60 days from the date of application

ED suspects Jet Airways diverted 25-30% of bank loans overseas, smells underworld connection

Arun Jaitley, Former Finance Minister and BJP Veteran, Passes away

Both dealer and customer finance costs are going to come down: RC Bhargava, Maruti
FMs quick responsiveness to industry issues bodes well for the future, says Maruti chairman.

Jalan Panel submits report, RBI board likely to vet it on Monday
Jalan Committee was constituted to suggest appropriate reserves that RBI should maintain and dividends.

FM move puts no extra burden on fiscal deficit: Basant Maheshwari
FM has addressed the MSME issues where there was maximum pain and job losses.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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