Daily Sector News Today – 18.08.2017

Daily Sector News Today – 18.08.2017

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* AGRICULTURE: The National Agricultural Cooperative Marketing Federation of
India and NCDEX e-Markets have singed an agreement to create an e-platform to
procure oilseeds and pulses directly from farmers.

* COMMODITIES: The government has cut the duty drawback rate on gold jewellery
to 246.5 rupees per 10 gm from 261.5 rupees earlier, the Central Board of Excise and
Customs said.

* CORPORATE: In response to a report that new Tata Sons Chairman N.
Chandrasekaran has ordered group companies to scrap business dealings with Shapoorji
Pallonji group, the latter said it has little business left with the Tatas anyway.

* DEFENCE: The Indian army has got an approval from the Defence Acquisition
Council to procure six Apache attack helicopters for around 41.68 bln rupees.

* ECONOMY: Chief Economic Adviser Arvind Subramanian said the stress in the
power sector can adversely affect the health of public sector banks.
* ELECTRONICS: Sony India said it will not undertake any price hike, at least till
December, despite a "higher tax structure" under the goods and services tax regime for
certain products in the segment.

* INFRASTRUCTURE: The National Highways Authority of India has launched two
mobile apps to ensure smooth functioning of the electronic toll collection system.

* OIL AND GAS: The price of petrol has been hiked by 5 paise per ltr for Friday to
68.29 rupees a ltr, ex-Delhi, according to INDIAN OIL CORP's website.