Financial News 6th April 2016

Financial News
6th April 2K16
Economic Times
Ø  Panama: Not all accounts illegitimate, says Rajan
Ø  US trade deficit rises in February to 6-month high
Ø  Naming of all defaulters will kill businesses: Raghuram Rajan
Ø  India serves steel anti-dumping notice on China
Ø  France puts Panama back on tax haven blacklist
Ø  Huge cash infusion biggest takeaway from money policy, almost smelt like QE
Ø  Rel Jio could stump mkt with data tariffs at 0.5p/10 kb
Business Standard
Ø  RBI cuts repo rate by 25 bps to 6.5%, lowest in 6 years
Ø  Pay hike to stoke inflation, push up GDP: RBI report
Ø  Inflation could rise on bad monsoon, currency decline: Moody's
Ø  Allow banks' KYC at mutual funds, Sebi writes to FinMin
Ø  Panama Papers probes opened, China limits access to news on leaks
Ø  Bajaj Group to become UP's biggest private power producer
Ø  Govt releases Rs 25,800-crore food subsidy to FCI
Business Line
Ø  BSE launches data on unemployment, consumer sentiments
Ø  Govt sacks some foreign-funded health consultants
Ø  NITI Aayog to submit divestment plan for CPSEs this month
Ø  Lupin launches generic insomnia drug in US
Ø  NSE to conduct mock, live trading from disaster recovery site
Ø  ‘Gammon will divest, monetise various assets over two years’
Mint
Ø  Sebi panel backs action against NSE
Ø  RBI rate cuts could reduce lending rates by 75 bps
Ø  Risk of once-in-100-year drought means one more India rate cut
Ø  Rupee falls most in 3 weeks, closes weaker against US dollar at 66.46
Ø  RBI’s Vision 2018 for ‘less cash and more digital’ society on the cards
Financial Express                
Ø  Sensex plunges 516 pt on RBI rate cut, Nifty settles below 7,600
Ø  DoT to seek Cabinet nod to change spectrum norms
Ø  JLR workers warn Mistry against Tata Steel 'fire sale'
Ø  Mallya Case: Diageo PLC files objections against DRT Order
Ø  DRT had barred Vijay Mallya from
Ø  Bankruptcy Bill likely in coming Parliament session, says FM
Financial Chronicle
Ø  Govt to push for consolidation of public sector banks
Ø  Global recovery 'too weak, too fragile': IMF chief
Ø  Maturity of FCNR deposits not to make Re volatile: RBI
Ø  'No FDI in sectors that can put Indian jobs at peril'
Ø  Ireda, TCCL join hands to devise financing products

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