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Trade winds: High-stakes EU & UK free trade agreements make wish lists longer

Ministries and industry bodies ready list of demands as formal talks to commence soon
Experts, too, have suggested that in their negotiations, both the sides need to work on less controversial issues first. Subsequently, innovative solutions need to be firmed up to break the log jam in more contentious matters.

Spectrum auction: Trai may look at new pricing model to fix reserve price for 5G auctions

Trai has also been asked to suggest the fresh base price for the unsold spectrum in the previous auctions, held earlier this year, in bands like 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz.

spectrum auction

Real estate revival: It could be a cracker of a Diwali for builders

Samantak Das, chief economist, JLL observed that if the impending Covid-19 wave can be contained consumer sentiments would improve further with the festive season.

Real Estate

UP govt hikes sugarcane state advised price by Rs 25 to Rs 350 per quintal

It may be mentioned that the sugarcane SAP in Uttar Pradesh, along with some other states such as Uttarakhand, Haryana and Punjab, is usually higher than the Centre’s FRP.

According to industry insiders, there was a lot of pressure on the state government to increase the SAP for the 2021-22 season, mainly, because there had been no increase for three years and also because the Centre had increased the FRP for cane for this season and farmers in the state were looking forward to a similar hike at the state level.

Outlook for gas: Plant load factor to double by FY25; fertiliser and power sectors to benefit from move

Fertiliser and power sectors are the largest consumers of natural gas, consuming 51% of total gas available in the country.

Plant Load Factor (Power Plant)

Quality stamp for electronics must; Dept of Telecommunications lists items for test

Product standardisation will kick in from July 2022

electronics import

RBI allows banks to sell fraud loans to asset reconstruction companies

“The transfer of such loan exposures to an ARC, however, does not absolve the transferor from fixing the staff accountability as required under the extant instructions on frauds,” the RBI said in

The guidelines said that lenders must put in place a comprehensive board-approved policy for transfer and acquisition of all loan exposures.

Benchmark indices scale record highs: India still the flavour of the season

Both benchmark indices closed the session at record highs undeterred by the possibility of a sharp slowdown in China or of smaller bond purchases by central banks, rising interest rates in some EMs.

The Jakarta Composite trades at 15.40 times, the Bovespa trades at a multiple of 8.2 times, Bloomberg data shows.

Report leak: Probe to continue, Delhi High Court raps Google for writing to CCI chief

"There are accusations against a government body and there is not a word (in Google's affidavit) showing when and how it was done... They are trying to frustrate the proceedings. If they are aggrieved

The court also observed that if a report is to be kept confidential as per law, it should be kept so, observing that if at all there is a leak of confidential information then it should be probed.

Snoopgate: Supreme Court says will form panel to probe Pegasus row

"That is why it is taking time to constitute the technical expert committee," the CJI said, hoping that the SC will finalise the names of members of the technical committee soon.

A bench led by Chief Justice NV Ramana told senior counsel CU Singh, who appeared for journalist N Ram, that it could not pass the order this week, as indicated earlier because some experts had expressed their inability to join the panel due to “personal reasons”.

Discom reforms: All states on board, says Union power minister RK Singh

As per the design of the scheme, loss-making discoms will have access to the Centre’s funds only after preparing a convincing programme for loss reduction, which has to be approved by the respective

As FE reported earlier, as much as Rs 22,500 crore has been earmarked as the central government grant for the installation of 25 crore smart prepaid meters across the country.

Rising global prices: Fertiliser subsidy to rise by another Rs 25,000 crore

Although the Centre increased the subsidy by Rs 14,775 crore in mid-June, the global prices of DAP and MoP continued to rise relentlessly, putting pressure on companies to raise retail prices.

With this, the budgeted subsidy on fertiliers will be around Rs 1.19 lakh crore against the budget estimate (BE) of Rs 79,530 crore.

Trade boost: India-UAE free trade agreement talks from today, deal by March

In fact, the UAE was India’s second-biggest goods export market until FY20, behind only the US, before China pipped it in FY21 when the pandemic caused severe disruptions in trade.

Addressing media jointly with Thani bin Ahmed Al Zeyoudi here, the UAE’s minister of state for foreign trade, Goyal said both the sides have drawn up “a very aggressive and ambitious time frame” to conclude negotiations.

‘One-stop shop’: Single-window approval system for investors launched

Delay in various clearances and cumbersome application process have long discouraged large multi-national corporations from either investing in India or scaling up operations in the country, something

The system is spearheaded by the department for the promotion of industry and internal trade and Invest India.

Vodafone Idea to raise funds, promoters can take part too: CEO Ravinder Takkar

“The promoters have invested Rs 1.90 lakh crore in the last 10 years, so to say that promoters are not being supportive is not correct,” Takkar said.

Zee-Sony to create largest entertainment network; Sony Pictures to infuse $1.58 billion in merged entity

The merged firm will be a publicly-listed company in India, with ZEEL’s Punit Goenka continuing as its managing director and chief executive officer for five years.

ZEEL’s board, which met on Tuesday, also authorised its management to start a due diligence process for the merger.

ZEEL institutional investors likely to support call to remove directors

“The notice to the exchanges did not specify the exact reasons sought for the removal of Punit Goenka as managing director and the two directors. While some of the proxy advisory firms had raised co

The investors had also sought the removal of Manish Chokhani and Ashok Kurien, who resigned ahead of the company’s annual general meeting.

Reliance set to take over JBF Industries with CFM ARC

Bankers had sought takeover bids in July, and the Ahmedabad-based CFM ARC is understood to have put in a `825-crore bid for the company, which owes its lenders Rs 2,116 crore.

Emails sent to RIL, CFM ARC and Bank of Baroda remained unanswered till the time of going to press.

Demand Seen: Loan guarantee scheme to stay through FY22

“There is also a chance that initially, it may be extended by three months through December 2021, which could be followed by another three-month extension,” one of the sources said.

In May, the finance ministry extended the validity of the ECLGS by three months through September 30 or until guarantees for the earlier limit of Rs 3 lakh crore were issued. Now, it’s expected to be extended further.

Lenders seek fresh bids for Videocon

The matter is a complex one as earlier the CoC and the NCLT have approved the bid of Twin Star and legal provisions do not permit going back on the approvals once given.

videocon

VIL promoters likely to infuse equity

This means that the overall deferred amount for the four year period comes to `92,000 crore.

VI

Shapoorji Pallonji Group sells Eureka Forbes to Advent in Rs 4,400-crore deal

Eureka Forbes, a wholly-owned subsidiary of SP Group firm Forbes & Company, has presence in water purification, vacuum cleaning and health and safety solutions space.

The sale will help the 156-year-old Shapoorji Pallonji Group pare its debt, which currently stands at Rs 10,900 crore, as it intends to focus on its core businesses of construction and real estate.

Cautious Push: Finance secretary TV Somanathan tempers stimulus expectations

There is a strong opinion among sections of the economists' fraternity and independent analysts that the government could allow the fiscal deficit to exceed the budgeted level by a significant margin

The Centre’s capex rose only 15% in the April-July period from a year before, against the full-year target of 30% (from the actuals of FY21).

Farm laws: Supreme Court panel member wants tribunal for disputes

The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act 2020, too, have similar provisions.

Though he was non-committal on whether this view was taken by the panel, such a proposal could address one of the main concerns of the agitating farmers.
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