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Friday, 7 June 2019

7 June 2019 News

7th June 2K19

Economic Times
 
Ø  'Middle East, China drive India's export growth'
Ø  India to grow at 7.3% in 2019, 7.5% in 2020: G-20 note
Ø  SBI closely monitoring exposure to shadow banks
Ø  ED to widen probe in ICICI Bank-Videocon loan fraud case
Ø  RBI expects government to move on fiscal consolidation
Ø  India software market to touch $6.1 bn in 2019: IDC
Ø  India lost USD 13 bn to trade misinvoicing: Report
Ø  Niti Aayog readies list of over 50 CPSE assets for sale

Business Standard

Ø  RBI removes charges on RTGS/NEFT transactions; banks to pass on benefits
Ø  RBI lowers FY20 growth forecast to 7% over slowdown in investment activity
Ø  States, schemes and disaster management bear cost of fiscal discipline
Ø  India to order taxi aggregators like Uber, Ola to go electric: Report
Ø  RBI to issue revised circular on NPA resolution norms in 3-4 days: Das

Business Line
 
Ø  Govt set to upgrade CPI, IIP series in 2020
Ø  Allcargo exits ship-owning business
Ø  IOC, HPCL to contest over Rs 4,000 cr tax demand on sale of ethanol blended petrol
Ø  India notifies tax info exchange pact with Marshall Islands
Ø  RBI raises retail inflation forecast for Q1 FY20 to 3-3.1%
Ø  JSW Steel considering bid for insolvent British Steel
 
Mint

Ø  Decision on next China tariffs on $325 billion imports after G20: Trump
Ø  BS-VI emission norms to be implemented from next year, says Javadekar
Ø  Advent International raises $17.5 billion for ninth global private equity fund
Ø  Creditors can expect 100% recoveries under IBC: IBBI chief
Ø  Skyblue Buildwell acquires 82.6% stake in HomeShop18

Financial Express
 
Ø  RBI Monetary Policy eased further: Repo rate cut to lowest in nine years as slow economic growth hurts
Ø  Modi needs $190 billion bank cleanup to revive economic growth
Ø  RBI to issue on tap licence guidelines on small finance banks in August
Ø  Fertiliser subsidy: Govt looks to roll out 2nd phase of direct benefit transfer
 
Deccan Chronicle

Ø  Azim Premji to retire as executive chairman of Wipro; son Rishad to take over
Ø  Bankers, finance players hail RBI repo rate cut, hope consumer demand gets a boost
Ø  Investors lose Rs 2.22 lakh cr as equities plunge
Ø  Third-party insurance for cars, 2-wheelers to become costlier
Ø  Minimum leverage ratio set at 3.5 per cent