Today's Sector News - 04.12.2019: 09.00 Am
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* AUTOMOBILE: Mercedes-Benz India on Tuesday launched a new generation of its luxury sport utility vehicle 'GLC' in petrol and diesel variants, starting at an ex-showroom price of 5.28 mln rupees.
* AVIATION: Airports Authority of India has invited bids from airlines under the regional connectivity scheme to run flights to Himalayan and Northeastern states, Jammu & Kashmir, Ladakh, Lakshadweep, and Andaman and Nicobar Islands, the Ministry of Civil Aviation said in a statement.
* BANKING: Loans of 172.52 bln rupees disbursed under the Pradhan Mantri MUDRA Yojana have turned non-performing, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday.
- The government on Tuesday said public and private sector banks collectively wrote off 808.93 bln
rupees till September in the current financial year started April.
- Public sector banks disbursed 2.39 trln rupees in their outreach programmes in November, taking
the total amount of loans disbursed through the outreach programmes in the last two months at 4.91 trln rupees, the finance ministry said.
* INFRASTRUCTURE: Around 7 trln rupees rides on the Shiv Sena-led Maharashtra government's decision to review several high-profile infrastructure projects approved by the previous government, with a cabinet meeting on Tuesday putting many of them under the scanner.
* POWER: India's power generation is likely to have contracted for the third consecutive month in
November, going by the Central Electricity Authority's data on daily power generation.
* STEEL: Steel tycoon Lakshmi Mittal's ArcelorMittal has approached the government seeking immunity from likely future investigations pertaining to Essar Steel and its erstwhile promoters, the Ruia family.
* TAXATION: The GST Council is likely to hold its next meeting in the second fortnight of December.
* TELECOMMUNICATION: Service providers will not accept requests for mobile number portability during Dec 10-15 to help the process of migration to a new system, the Telecom Regulatory Authority of India said.
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