A look at the headlines in the sector right now:

  1. CAG report refutes Centre's LPG claims, says total savings are Rs 2,000 crore, not Rs 22,000 crore: The audit found problems with the government's direct bank transfer scheme, such as subsidy for domestic consumption being diverted for commercial use.
  2. Nitish Kumar says he will back the Centre’s GST Bill: This leaves the Congress, JD(U)'s alliance partner in Bihar, with little support for its opposition to the legislation.
  3. Twitter allows all users to apply for verified ‘blue tick’ accounts: The micro-blogging site said it hopes the online process will help Twitterati find “high-quality accounts to follow' and 'connect with a broader audience”.
  4. FDI limit in print media sector to remain unchanged at 26%: The government had proposed raising the FDI cap to 49% to bring it on par with news television channels.
  5. Canada’s Brookfield plans $1 billion investment in Indian distressed assets: Brookfield and SBI have signed a preliminary agreement to set up a joint venture for the investments.
  6. Jairam Ramesh accuses ex-RBI chief of stirring unnecessary controversy in his memoirs: The former minister said Duvvuri Subbarao did a “grave injustice to his political masters”.
  7. 13 PSU banks get Rs 22,915 crore in capital from the government: The Finance Ministry said the funds were provided so that the state-owned banks can expand their lending services and raise money from the market.