Today's Sector News - 03.03.2020: 09.00 Am

Today's Sector News - 03.03.2020: 09.00 Am
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* AVIATION: The government has decided to expand the universal screening of passengers to those
travelling from Italy and Iran to check the spread of novel coronavirus, the Director General of Civil
Aviation said.

* BANKING: The Reserve Bank of India has said it has received 1.71 trln rupees in the third long-term repo operation conducted for an amount of 250 bln rupees.

* COMMODITY: Sugar mills in Uttar Pradesh have asked the state and central government to release
around 25 bln rupees of pending power dues, and export and buffer stock subsidy so that they can make timely payment of cane dues.
-The government allows export of onions without any minimum export price and letter of credit with
effect from Mar 15.

* ECONOMY: Scheduled commercial banks reduced their marginal cost of funds-based lending rates by four basis points on month in February, latest data published by the Reserve Bank of India showed.
-The Centre is unlikely to meet its 2019-20 (Apr-Mar) revised divestment target of because of
bearish market conditions.

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