Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
,..
...month performance is critical ..if turns negative at close also...then reducing quantity from Dec series 
.. Thanks to FRMM ..swing is a saver,till now 
Government may hike bank deposit insurance cover: Nirmala Sitharaman
Finance ministry is considering proposals to increase the insurance limit from the current ₹1 lakh on deposits in banks, union minister for finance Nirmala Sitharaman said.
The government is considering introducing legislations in the winter session of Parliament to raise the ₹1-lakh insurance cover limit for greater protection of depositors’ money in banks and regulate multi-state co-operative banks, and is reviewing ways to address concerns of distressed telecom operators, finance minister Nirmala Sitharaman said on Friday.
“Finance ministry is considering proposals to increase the insurance limit from the current ₹1 lakh on deposits in banks. If (the Union) cabinet approves, we would like to move amendments in the upcoming winter session,” she said.
She, however, declined to give the proposed new limit pending a final decision on this matter. Hindustan Times on Monday wrote about the government’s move. The limit has not been revised since 1993, when it was increased from ₹30,000. According to officials, raising the amount to ₹2 lakh can adequately protect about three-fourths of the existing account-holders.
https://www.hindustantimes.com/busi...rance-cover/story-Vd9Urp7UB7N5mySxGmB7pI.html
Finance ministry is considering proposals to increase the insurance limit from the current ₹1 lakh on deposits in banks, union minister for finance Nirmala Sitharaman said.
The government is considering introducing legislations in the winter session of Parliament to raise the ₹1-lakh insurance cover limit for greater protection of depositors’ money in banks and regulate multi-state co-operative banks, and is reviewing ways to address concerns of distressed telecom operators, finance minister Nirmala Sitharaman said on Friday.
“Finance ministry is considering proposals to increase the insurance limit from the current ₹1 lakh on deposits in banks. If (the Union) cabinet approves, we would like to move amendments in the upcoming winter session,” she said.
She, however, declined to give the proposed new limit pending a final decision on this matter. Hindustan Times on Monday wrote about the government’s move. The limit has not been revised since 1993, when it was increased from ₹30,000. According to officials, raising the amount to ₹2 lakh can adequately protect about three-fourths of the existing account-holders.
https://www.hindustantimes.com/busi...rance-cover/story-Vd9Urp7UB7N5mySxGmB7pI.html
RCom loss zooms to Rs 30,147 crore in Q2 on provisioning for liabilities
(RCom) has provided for estimated liability aggregating to Rs 25,588 crore up to September 30, 2019, of Rs 21,420 crore towards License fee (Rs 3,892 crore, Rs 4,967 crore and Rs 12,561 crore towards principal, penalty, and interest on principal and penalty respectively) and Rs 4,168 crore towards Spectrum Usage Charges (Rs 936 crore, Rs 355 crore and Rs 2,877 crore towards principal, penalty and interest on principal and penalty respectively) as exceptional items that may undergo revision based on demands from DoT and/or any developments in this matter,” noted the firm in a statement to the exchanges.
https://www.business-standard.com/a...visioning-for-liabilities-119111600085_1.html
(RCom) has provided for estimated liability aggregating to Rs 25,588 crore up to September 30, 2019, of Rs 21,420 crore towards License fee (Rs 3,892 crore, Rs 4,967 crore and Rs 12,561 crore towards principal, penalty, and interest on principal and penalty respectively) and Rs 4,168 crore towards Spectrum Usage Charges (Rs 936 crore, Rs 355 crore and Rs 2,877 crore towards principal, penalty and interest on principal and penalty respectively) as exceptional items that may undergo revision based on demands from DoT and/or any developments in this matter,” noted the firm in a statement to the exchanges.
https://www.business-standard.com/a...visioning-for-liabilities-119111600085_1.html
AGR impact: Banks nervous as losses mount for Vodafone Idea, Airtel
The adverse fallout of huge losses posted by telecom majors Vodafone Idea and Bharti Airtel in the second quarter, on provisions made for dues in adjusted gross revenue (AGR), has left commercial banks nervous.
Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity in case these entities take more debt to finance operations and meet repayment obligations.
Vodafone, the joint venture partner in the Aditya Birla group entity, has categorically said that given the significant capital already invested, it will not inject further group equity into India.
“When an owner expresses the inability to make further investments, the issue is serious. Banks are analysing implications and awaiting clarity from the secretary panel,” said senior executives with a large public sector bank.
According to Reserve Bank of India data, commercial banks’ exposure to the telecommunications sector rose to Rs 1.15 trillion in September 2019, from Rs 81,126 crore in September 2017. State Bank of India’s exposure to the industry increased to Rs 35,735 crore as of September 2019, from Rs 25,538 crore a year ago.
Vodafone Idea and Bharti Airtel reported a whopping combined loss of close to Rs 74,000 crore in the September 2019 quarter, as the leading telecom operators were hit by statutory dues arising from the recent Supreme Court ruling on AGR.
While Vodafone Idea posted a loss of Rs 50,921 crore — the highest-ever quarterly loss by any corporate in India — Airtel reported loss to the tune of Rs 23,045 crore.
The issue had been dragging on for the past 14 years, with telecom providers and the Department of Telecommunications (DoT) locked in a battle over the definition of AGR.
While the telecom service providers insisted that AGR included only revenue from core operations, the DoT maintained that AGR also included revenue from operations other than the core ones.
AGR assumes significance because it is the basis on which the DoT calculates levies payable by operators. Telecom companies pay 3-5 per cent and 8 per cent of the AGR as spectrum usage charges and license fees, respectively, to the DoT.
https://www.business-standard.com/a...-for-vodafone-idea-airtel-119111600084_1.html
The adverse fallout of huge losses posted by telecom majors Vodafone Idea and Bharti Airtel in the second quarter, on provisions made for dues in adjusted gross revenue (AGR), has left commercial banks nervous.
Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity in case these entities take more debt to finance operations and meet repayment obligations.
Vodafone, the joint venture partner in the Aditya Birla group entity, has categorically said that given the significant capital already invested, it will not inject further group equity into India.
“When an owner expresses the inability to make further investments, the issue is serious. Banks are analysing implications and awaiting clarity from the secretary panel,” said senior executives with a large public sector bank.
According to Reserve Bank of India data, commercial banks’ exposure to the telecommunications sector rose to Rs 1.15 trillion in September 2019, from Rs 81,126 crore in September 2017. State Bank of India’s exposure to the industry increased to Rs 35,735 crore as of September 2019, from Rs 25,538 crore a year ago.
Vodafone Idea and Bharti Airtel reported a whopping combined loss of close to Rs 74,000 crore in the September 2019 quarter, as the leading telecom operators were hit by statutory dues arising from the recent Supreme Court ruling on AGR.
While Vodafone Idea posted a loss of Rs 50,921 crore — the highest-ever quarterly loss by any corporate in India — Airtel reported loss to the tune of Rs 23,045 crore.
The issue had been dragging on for the past 14 years, with telecom providers and the Department of Telecommunications (DoT) locked in a battle over the definition of AGR.
While the telecom service providers insisted that AGR included only revenue from core operations, the DoT maintained that AGR also included revenue from operations other than the core ones.
AGR assumes significance because it is the basis on which the DoT calculates levies payable by operators. Telecom companies pay 3-5 per cent and 8 per cent of the AGR as spectrum usage charges and license fees, respectively, to the DoT.
https://www.business-standard.com/a...-for-vodafone-idea-airtel-119111600084_1.html
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