Banking Affairs 24th February 2017 | Financial Affairs 24th February 2017

1. China banned all coal imports from North Korea

China banned all coal imports from North Korea. China’s Ministry of Commerce announced that decision was made to comply with a UN Security Council resolution that China helped draft and pass last November.

 

2. India may be the largest market for KTM in 2017 

• India is set to become the largest market for KTM, Europe’s largest two-wheeler maker in 2017, which is part owned by the homegrown Bajaj Auto.
• Last year, India was the number two market for KTM at 36,000 units, just 1,000 units behind the United States.
• With the company launching its range of Duke bikes on Thursday, India is expected to close 2017 with sales of of approximately 50,000 units.

3. Tamil Nadu Government Decided to implement 7th Pay Commission

Tamil Nadu Government constituted a five-member committee to implement the 7th Pay Commission for the benefit of more than 18 lakh government employees and several lakhs of teachers, pensioners and family pensioners. The committee has to submit its report before 30th June to the government.

 

4. As per the data released by the Agriculture Ministry

As per the data released by the Agriculture Ministry, wheat production will be around 965 lakh tons. In the ongoing Rabi season, wheat sowing is up by 7% to 317.81 lakh hectares as compared to 297.25 lakh hectares sown at the same time last year.

 

 

5. ‘Legally vetted’ pact on services tabled at WTO

• Ministry of Commerce said “They have submitted the legally vetted paper in Geneva. Till March 17, only the Council for Trade in Services members will be privy to it.
• After that, we will take it up for discussion with all the WTO member countries to build awareness.

 

6. SEBI’s articulated dividend policy sets the tone for more payouts: IiAS

• There are 88 companies that can pay about Rs. 27,600 crore in dividends, proxy advisor IiAS has found, based on its study of the FY16 financials of BSE 500 companies.
• “Companies are clearly continuing to hold cash stockpiles and must consider paying higher dividends.
• The study concluded that seven companies – MRF, Eicher Motors, 3M India, Bosch, Maruti Suzuki India, ISGEC Heavy Engineering and Honeywell Automation India – can pay dividends of over Rs. 100 a share.

 

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