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Morning News Round-up:

Morning News Round-up:

Ø  Govt staff’s pay hikes may fund bank capitalisation

Ø  Central funds transfer to states declined 0.3% in FY16: RBI

Ø  30% of state public enterprises loss-making: RBI report

Ø  ECB sets boundaries to action against slowdown

Ø  Rs 10,247-cr fine on top of Rs 29k cr tax notice on Cairn

Ø  Panama Papers part of US plot to weaken Russia: Putin

Ø  Flour mills to continue importing wheat from Australia despite 25% duty

Ø  Bank Board Bureau to discuss capital, consolidation on April 8

Ø  US jobless claims fall despite anemic economic growth

Ø  Move towards 4% inflation to contain rupee volatility: Raghuram Rajan

Ø  Telcos urge govt to reduce spectrum usage charges to 1% in phases

Ø  Power reforms may pressure states’ budgets: RBI

Ø  New policy to facilitate RCOM, Jio spectrum sharing

Ø  ‘Agriculture related decisions may appear skewed, but have own rationale’ 

Ø  Adani to restart talks with stakeholders over Australian mine project

Ø  ABN Amro executive steps down in Panama scandal 

Ø  Despite market fall, pledging of shares by promoters up only marginally year-on-year 

Ø  Spices Board issues new testing norms for cumin exports 

Ø  WTO cuts 2016 global trade forecast to 2.8%

Ø  Aptel says no to compensatory tariff; Adani Power, Tata Power fall

Ø  SC directs Vijay Mallya to disclose all assets as banks reject repayment offer

Ø  LIC may invest Rs2.7 trillion in capital markets this fiscal year

Ø  OCBC to buy Barclays Asia wealth business for $320 million

Ø  Sensex slumps 215 points on earnings worries

Ø  ‘Aspire to be entrepreneurial engine for developing world’

Ø  SBI cuts home loan interest rate to 9.45 per cent

Ø  LIC clocks Rs 11k-cr profit through equity investments in FY16

Ø  IOB to sell ‘Indian Gold Coin’ on Gudi Padwa in Mumbai on Friday

Ø  India less susceptible to external shocks: Moody’s

Ø  Moody’s changes RCom’s outlook to negative from stable

Ø  Global IT spend to fall 0.5% in 2016; India stays strong

Ø  Equitas IPO top draw, issue oversubscribed 17.21 times

Ø  Consumer sentiment rises to 4-month high in March

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