*Headlines*
- *Govt of India* seeks bids from merchant bankers for *Bharat Electronics (BEL)* stake sale and intends to divest 5% out of its 67% shareholding *via OFS in domestic market*
- *SBI* led banks panel *have reviewed nearly 12 stressed power projects* and has decided to refer 4 to NCLT while remaining 8-9 of them would be put up for *restructuring/sale with banks support*
- *JSPL* has won 20% of 4.87 lakh ton rail order worth Rs 2500cr in total by Indian Railways *under Make in India clause* (had cleared technical round previously & today financial bids were opened for the same)
- *Ministry of Power & Finance* are in discussion over *proposal to sell Govt of India stake in hydro power producer NHPC* to NTPC ( Currently Govt of India stake in NHPC values are Rs 16000cr)
- *Govt of India* not planning any law to regulate *either cinema & television sector or IPL Cricket* as informed by FM Piyush Goyal today & further said *Revenue Intelligence Authorities* have not made any assessment regarding flow of unaccounted money *into entertainment industry including cinema production & distribution*
- *IMF* has predicted hyper inflation in *Venezuela* to the tune of 1 million % by 2018 end and *expects it's economy to contract by 18% this year itself* the 3rs consecutive years of double digit decline