NEWS ON AIR http://newsonair.nic.in/Default.aspx Website cell, IT Unit, NSD, All India Radio, New Broadcasting House, New Delhi, India ? 2006 All rights reserved. All India Radio AIR International News Many Economic reforms introduced in 1st year of Modi Govt 2 http://newsonair.nic.in/Main-News-Details.aspx?id=390562 BNE The Narendra Modi Government recently completed first year of its second term. The 365-day period has witnessed series of chronicles being ed. India's foreign exchange reserve reaches new all-time high of 493.48 billion US dollars http://newsonair.nic.in/Main-News-Details.aspx?id=390554 BNE India's foreign exchange reserves surged by 3.43 billion dollars to reach a fresh all-time high of 493.48 billion dollars in the week ended 29th of last month. Sensex climbs 307 points, Nifty settles at 10,142 http://newsonair.nic.in/Main-News-Details.aspx?id=390242 BNE Domestic equity benchmarks today gained around one per cent amid positive global cues. FDI can be explored in NBFCs to strengthen them: MSME Minister Nitin Gadkari http://newsonair.nic.in/Main-News-Details.aspx?id=390469 BNE Ministry of Micro, Small and Medium Enterprises (MSME) Minister Nitin Gadkari has said FDI can be explored in NBFCs to strengthen them, which will lead towards greater support to MSMEs . Petroleum Minister holds discussion with OPEC Secretary General through Video Conference http://newsonair.nic.in/Main-News-Details.aspx?id=390433 BNE Petroleum Minister Dharmendra Pradhan held a discussion with Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Dr. Mohammed Barkindo through Video Conference. Karnataka invites chip manufacturing company 'Intel' to set up it's unit in state http://newsonair.nic.in/Main-News-Details.aspx?id=390370 BNE Karnataka has extended invitation to major chip manufacturing company Intel to set up it's unit in the state. Govt gives nod to two ordinances paving way towards transformation of agriculture sector & raising farmers' income http://newsonair.nic.in/Main-News-Details.aspx?id=390350 BNE The Union Cabinet today approved The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020. COVID pandemic offered a peek into a future: Foreign Secretary Harsh Vardhan Shringla http://newsonair.nic.in/Main-News-Details.aspx?id=390344 BNE Foreign Secretary Harsh Vardhan Shringla has said that the COVID pandemic has offered a peek into a future which will most probably be dominated by contactless deliveries, increased dependence on e-commerce, heightened use of IT enabled services and enhanced use of innovative-technology-led solution Centre allocates Rs. three lakh crore to provide easy loans for MSMEs http://newsonair.nic.in/Main-News-Details.aspx?id=390336 BNE Union Government has taken a slew of measures so that entrepreneurs are not hit badly due to the COVID-19 pandemic. Ministry of MSME is set to Implement New Norms of MSME Classification http://newsonair.nic.in/Main-News-Details.aspx?id=390333 BNE Union Ministry of Micro, Small and Medium Enterprises, MSME has issued Gazette notification to pave the way for implementation of the upward revision in the definition and criteria of MSMEs in the country. DPIIT revises public procurement order to encourage Make in India initiative http://newsonair.nic.in/Main-News-Details.aspx?id=390258 BNE Department of Promotion of Industry and Internal Trade, DPIIT has recently revised the public procurement order to encourage Make in India initiative with an aim to enhance income and employment generation in the country. India poised to emerge as world’s largest electronics and mobile manufacturing country http://newsonair.nic.in/Main-News-Details.aspx?id=390253 BNE India is poised to emerge as the world’s largest electronics and mobile manufacturing country. Union Electronics and IT Minister Ravi Shankar Prasad today unveiled the historic roadmap for setting up of large number of electronic and mobile manufacturing units in the country. Sensex climbs 879 points; Nifty settles at 9,826 http://newsonair.nic.in/Main-News-Details.aspx?id=390168 BNE Domestic equity benchmarks today surged for fourth session in a row, driven by gains optimism heightened after the government began the process of unlocking the economy. Rupee appreciates 14 paise to close at 75.62 against USD http://newsonair.nic.in/Main-News-Details.aspx?id=389933 BNE The rupee today appreciated 14 paise to provisionally close at 75 rupees and 62 paise against the US dollar as foreign fund inflows and weak American currency boosted investor confidence. Sensex climbs 224 points, Nifty settles at 9,580 http://newsonair.nic.in/Main-News-Details.aspx?id=389653 BNE Domestic equity benchmarks today gained for third day in a row this week even as global cues were negative. SBI reduces interest rates on fixed deposits by 40 bps http://newsonair.nic.in/Main-News-Details.aspx?id=389866 BNE The country's largest lender State Bank of India (SBI) has reduced interest rates on retail term deposits by up to 40 basis points (bps) across all tenors. This is the second reduction in fixed deposits interest rates by the lender in May. Oil falls as surprise US stock build douses demand recovery hopes http://newsonair.nic.in/Main-News-Details.aspx?id=389863 BNE Oil prices today fell after U.S. industry data showed a surprise steep build in crude oil inventories, dampening hopes of a smooth recovery in demand as some countries ease coronavirus lockdowns. Piyush Goyal holds meeting with industry and trade associations through video conference http://newsonair.nic.in/Main-News-Details.aspx?id=389781 BNE Commerce Minister Piyush Goyal has said that the concept of Aatmanirbhar Bharat campaign entails a confident, self-reliant, caring nation which takes care of all the strata of the society and nurtures development of all parts of the country. FM Nirmala Sitharaman attends Special Board of Governors meeting of NDB through video-conference http://newsonair.nic.in/Main-News-Details.aspx?id=389777 BNE Union Finance Minister Nirmala Sitharaman attended the Special Board of Governors meeting of the New Development Bank (NDB) through video conferencing in New Delhi today. CBI registers case against pvt rice company, 3 Directors for over Rs 100 Cr loss to SBI http://newsonair.nic.in/Main-News-Details.aspx?id=389765 BNE Central Bureau of Investigation has registered a case against a private company and its three directors for causing an alleged loss of over one hundred crore rupees to State Bank of India. Govt exploring new financial lending institutions to support small-scale units, says Nitin Gadkari http://newsonair.nic.in/Main-News-Details.aspx?id=389642 BNE Minister for Micro, Small and Medium Enterprises Nitin Gadkari has said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support. CBIC says, has sanctioned GST refund claims worth Rs 11,052 crore in last 47 days http://newsonair.nic.in/Main-News-Details.aspx?id=389598 BNE The Central Board of Indirect Taxes (CBIC) said that it has sanctioned GST refund claims worth Rs 11,052 crore in last 47 days. Solar energy sector can help to reduce electricity cost significantly: Gadkari http://newsonair.nic.in/Main-News-Details.aspx?id=389458 BNE Union Minister Nitin Gadkari yesteray held meeting via video conferencing with the members of Maha Solar Sangathan to understand the opportunities in the solar energy sector. FM Nirmala Sitharaman stresses the need to make country self reliant http://newsonair.nic.in/Main-News-Details.aspx?id=389389 BNE Finance Minister Nirmala Sitharaman has stressed the need to make the country self-reliant. In an exclusive interview to Doordarshan News, Ms Sitharaman said, the country still has to import goods which help produce both for the country itself and also for exports. DHFL promoters Kapil, Dheeraj Wadhawan custody extended till 27th May http://newsonair.nic.in/Main-News-Details.aspx?id=389370 BNE The custody of DHFL promoters Kapil and Dheeraj Wadhawan arrested in connection with a money laundering case was extended till 27th of this month. RBI slashes lending rates and extends moratorium on loan repayment by 3 months to support economic growth http://newsonair.nic.in/Main-News-Details.aspx?id=389298 BNE The Reserve Bank of India today cut the repo rate by 40 basis points from 4.4 per cent to 4 per cent, reducing the reverse repo rate at 3.35 per cent to maintain accommodative stance. Vice Chairman, NITI Aayog welcomes RBI's announcement of reduction of 40 basis points in repo rate http://newsonair.nic.in/Main-News-Details.aspx?id=389336 BNE Speaking exclusively to AIR News, Vice Chairman, NITI Aayog, Rajiv Kumar welcomed RBI's announcement of reduction of 40 basis points in repo rate. Southeast Asian stock markets plunges as US, China tensions spike over new Hong Kong security law http://newsonair.nic.in/Main-News-Details.aspx?id=389334 BNE Southeast Asian stock markets today plunged as the United States and China sparring over a new Hong Kong security law kept investors away from riskier assets. Sensex declines 260 points to end at 30,673, Nifty settles at 9039 http://newsonair.nic.in/Main-News-Details.aspx?id=389024 BNE Domestic equity benchmarks today snapped winning streak of three sessions amid negative global cues. Dharmendra Pradhan reviewed pipeline projects under various stages of implementation by oil & gas companies http://newsonair.nic.in/Main-News-Details.aspx?id=389325 BNE Minister of Petroleum and Natural Gas Minister Dharmendra Pradhan on Thursday reviewed pipeline projects worth about eight thousand crore rupees under various stages of implementation by oil and gas companies. Pitching for Aatmanirbhar Bharat, Mr Pradhan called for complete indigenisation in these p CBDT issues tax refunds worth Rs 26,242 Cr to over 16.84 lakh tax assessees http://newsonair.nic.in/Main-News-Details.aspx?id=389319 BNE Central Board of Direct Taxes (CBDT) has issued tax refunds worth of 26 thousand 242 crore rupees to over 16.84 lakh tax assessees since 1st of April to 21st of this month. NTPC, ONGC to set up joint venture company for Renewable Energy business http://newsonair.nic.in/Main-News-Details.aspx?id=389311 BNE National Thermal Power Corporation, NTPC and Oil and Natural Gas Corporation Limited, ONGC, have signed a Memorandum of Understanding, MoU to set up a joint venture company for Renewable Energy business. ASSOCHAM, CII, FICCI welcome RBI's decision of rate cut http://newsonair.nic.in/Main-News-Details.aspx?id=389305 BNE Industry Body ASSOCHAM, CII and FICCI have welcomed the RBI's decision of rate cut. In a statement, ASSOCHAM Secretary General Deepak Sood said that the RBI has been doing a lot of heavy lifting and making great efforts to infuse liquidity into the economy that has suffered an unprecedented cris Rupee appreciates 19 paise to 75.61 against US dollar http://newsonair.nic.in/Main-News-Details.aspx?id=389238 BNE The rupee today appreciated 19 paise to close at 75 rupees and 61 paise against the US dollar tracking positive trend in domestic markets. Rupee appreciates to 75.67 against USD http://newsonair.nic.in/Main-News-Details.aspx?id=389200 BNE The rupee appreciated 13 paise to 75.67 against the US dollar in early trade today tracking positive opening of domestic equities. Post-coronavirus world provides a window of opportunity to India: US http://newsonair.nic.in/Main-News-Details.aspx?id=389198 BNE The United States has said that post-coronavirus world provides a window of opportunity to India as countries are looking to diversify their supply chains. FM Nirmala Sitharaman urges industry to plan for engaging labour with more professional approach http://newsonair.nic.in/Main-News-Details.aspx?id=389167 BNE Finance Minister Nirmala Sitharaman has urged industry to plan for engaging labour with a more professional approach and engage in skilling. Cabinet approves Scheme for Formalization of Micro Food Processing Enterprises http://newsonair.nic.in/Main-News-Details.aspx?id=389134 BNE Union Cabinet today gave its approval to a new Centrally Sponsored Scheme named Scheme for Formalization of Micro Food Processing Enterprises for the Unorganized Sector on All India basis with an outlay of Rs. 10 thousand crore. Nitin Gadkari calls upon MSME sector to consider technology upgradation post-COVID http://newsonair.nic.in/Main-News-Details.aspx?id=389152 BNE Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari has called upon the MSME sector to consider technology upgradation and to look for foreign investment to forge ahead in the post-COVID scenario. Cabinet approvesl proposal to launch Special Liquidity Scheme for NBFCs & HFCs http://newsonair.nic.in/Main-News-Details.aspx?id=389136 BNE Union Cabinet today given approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies, NBFCs and Housing Finance Companies, HFCs to improve liquidity position of the NBFCs or HFCs. Cabinet nods Sovereign portfolio guarantee of up to 20 % of first loss for purchase of Bonds http://newsonair.nic.in/Main-News-Details.aspx?id=389131 BNE Union Cabinet has approved the Sovereign portfolio guarantee of up to 20 per cent of first loss for purchase of Bonds or Commercial Papers with a rating of AA and below. CCEA approves methodology for auction of coal & lignite mines/ blocks http://newsonair.nic.in/Main-News-Details.aspx?id=389129 BNE The Cabinet Committee on Economic Affairs, CCEA today approved the methodology for auction of coal and lignite mines or blocks for sale of coal or lignite on revenue sharing basis and increasing the tenure of coking coal linkage. ASSOCHAM welcomes Atma Nirbhar Bharat economic package http://newsonair.nic.in/Main-News-Details.aspx?id=389063 BNE Welcoming the Atma Nirbhar Package and reforms announced by the government ASSOCHAM Secretary General Mr Deepak Sood has said, the amendments in the IBC Act and the Companies Act reflect a sense of urgency. Loans worth over Rs 6L cr sanctioned during March 1 - May 15 for MSME, Retail, Agriculture, Corporate sectors: Govt http://newsonair.nic.in/Main-News-Details.aspx?id=389023 BNE Union Government has said that loans worth over 6,45,000 crore rupees were sanctioned by Public Sector Banks during 1st March to 15th May for around 55 lakh accounts from MSME, Retail, Agriculture and Corporate sectors. Sensex falls 1,069 points to 30,029; Nifty settles at 8,823 http://newsonair.nic.in/Main-News-Details.aspx?id=388961 BNE Domestic equity benchmarks today plunged around three and half a per cent amid extension of lockdown in the country and increasing number of Corona virus cases worldwide. Local share market indices declined even as global cues were positive. FICCI, ASSOCHAM and CII welcome 5th tranche of Atmanirbhar Bharat economic package http://newsonair.nic.in/Main-News-Details.aspx?id=388891 BNE Industry body FICCI, ASSOCHAM and CII have welcomed the fifth tranche of the Atmanirbhar Bharat economic package. Industry bodies welcome 4th tranche of economic package http://newsonair.nic.in/Main-News-Details.aspx?id=388869 BNE Industry body Assocham and FICCI have welcomed the measures announced by the Finance Minister Nirmala Sitharaman as part of fourth tranche of economic package. FM Nirmala Sitharaman announces structural reforms in 8 sectors to build self reliant India http://newsonair.nic.in/Main-News-Details.aspx?id=388787 BNE Finance Minister Nirmala Sitharaman unveiled structural reforms for various sectors to help build a self-reliant India under the Atma Nirbhar Bharat Campaign, today. Rs 1 Lakh Cr agri Infrastructure fund to be set up for farm gate; Rs 20,000 Cr allocated for launch of Pradhan Mantri Matsya Sampada Yojana http://newsonair.nic.in/Main-News-Details.aspx?id=388686 BNE Government has announced a 1.63 lakh crore rupee package for agriculture and allied sectors aimed at strengthening infrastructure, logistics and capacity building at farm gate. FICCI, ASSOCHAM welcome third tranche of economic package for agriculture sector http://newsonair.nic.in/Main-News-Details.aspx?id=388783 BNE Industry body FICCI and ASSOCHAM have welcomed the third tranche of economic package for agriculture sector. CCI proposes amendments to combination regulations http://newsonair.nic.in/Main-News-Details.aspx?id=388764 BNE Competition Commission of India, CCI has proposed changes to combination regulations to do away with the requirement for disclosing certain non-compete restrictions while seeking the watchdog's approval. Foreign exchange reserves surge by USD 4.2 bn to USD 485.31 bn: RBI http://newsonair.nic.in/Main-News-Details.aspx?id=388757 BNE India's foreign exchange reserves jumped by 4.235 million dollars to reach billion 485.313 dollars in the week ended 8th May. Oil hits one-month high as demand shows signs of picking up http://newsonair.nic.in/Main-News-Details.aspx?id=388717 BNE Oil prices today gained, touching more than one-month highs amid signs that demand for crude was picking up. Total Foodgrain production in country estimated at record 295.67 million tonnes in 2019-20 crop year http://newsonair.nic.in/Main-News-Details.aspx?id=388707 BNE The total Foodgrain production in the country is estimated at record 295.67 million tonnes in the 2019-20 crop year which is higher by 10.46 million tonnes from previous year. 38 new additional mandis integrated with e-NAM platform today http://newsonair.nic.in/Main-News-Details.aspx?id=388719 BNE The pan-India electronic agri-produce trading portal, e-NAM has reached milestone of one thousand mandis across 18 States and three Union Territories. Indian Potash Ltd decides to cut price of Muriate of Potash http://newsonair.nic.in/Main-News-Details.aspx?id=388718 BNE Indian Potash Limited, a PSU under the department of fertilizers has decided to cut the price of Muriate of Potash from the present level of 19 thousand rupees per tonne to 17 thousand 500 rupees per tonne. Rupee down by two paise at Rs 75.58 against dollar http://newsonair.nic.in/Main-News-Details.aspx?id=388714 BNE The rupee today pared initial gains and settled two paise lower at 75 rupees and 58 pasie against the US dollar. Sensex closes 25 points down at 31,098 http://newsonair.nic.in/Main-News-Details.aspx?id=388322 BNE Domestic equity benchmarks today plunged more than two and half per cent amid weak global share markets. World Bank approves USD 1 bn aid to India to accelerate COVID-19 social protection response programme http://newsonair.nic.in/Main-News-Details.aspx?id=388691 BNE World Bank has approved one billion US dollar 'Accelerating India’s COVID-19 Social Protection Response Programme' to support India. CII lauds FM Sitharaman’s announcements, says second tranche of stimulus package pro-poor http://newsonair.nic.in/Main-News-Details.aspx?id=388662 BNE Confederation of Indian Industry (CII) has lauded Finance Minister Nirmala Sitharaman’s announcements saying the second tranche of stimulus package rightfully focused on providing relief to poor including migrant workers, farmers, street vendors and members of tribal community. Industry bodies welcome 2nd tranche of stimulus package http://newsonair.nic.in/Main-News-Details.aspx?id=388642 BNE Industry bodies today welcomed the said the second tranche of the stimulus package saying that it will provide relief to the most vulnerable sections of the society reeling under the impact of COVID-19 and boost the housing sector, aiding economic growth. WPI food inflation declines in April to 3.60 per cent http://newsonair.nic.in/Main-News-Details.aspx?id=388612 BNE Union Government today released truncated data for April wholesale price-based inflation saying there was limited transaction of products in the market due to the outbreak of COVID-19. Rupee falls 13 paise to 75.59 against US dollar http://newsonair.nic.in/Main-News-Details.aspx?id=388588 BNE The rupee depreciated 13 paise to 75.59 against the US dollar in opening trade today amid strengthening American currency overseas and negative opening of domestic equities. ASSOCHAM, FICCI welcome announcement of first tranche of measures by FM http://newsonair.nic.in/Main-News-Details.aspx?id=388537 BNE Industry Body ASSOCHAM and FICCI have welcomed the announcement of first tranche of measures by Finance Minister Nirmala Sitharaman as part of the 20 lakh crore rupees economic package. Nitin Gadkari says economic package announced by PM will fulfill expectations, aspirations of MSME, village & cottage industries http://newsonair.nic.in/Main-News-Details.aspx?id=388455 BNE Micro Small and Medium Enterprises, MSME Minister Nitin Gadkari has welcomed the Prime Minister's relief package worth 20 lakh crore rupees announced yesterday. Leading Industry bodies welcome the economic package http://newsonair.nic.in/Main-News-Details.aspx?id=388454 BNE Industry body FICCI and ASSOCHAM have welcomed the economic package of 20 lakh crore rupees announced by the Prime Minister Narendra Modi. US piled up record monthly deficit of over 737 billion dollars in April http://newsonair.nic.in/Main-News-Details.aspx?id=388444 BNE The United States government has piled up a record monthly deficit of over 737 billion dollars in April. It is due to drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. Indian economy will bounce back in about a year: AIMO State Council Chairman http://newsonair.nic.in/Main-News-Details.aspx?id=388340 BNE In Karnataka, All India Manufacturing Organization State Council Chairman S. Sampathraman has exuded confidence that industries will overcome challenges and Indian economy will bounce back in about a year. No increase in lease rent for SEZ units for FY20-21: Govt http://newsonair.nic.in/Main-News-Details.aspx?id=388323 BNE Union Government has said that there will be no increase in lease rent for the Special Economic Zone, SEZ units for financial year 2020-21. Finance Ministry dismisses reports of central govt employees salary cut amid lockdown http://newsonair.nic.in/Main-News-Details.aspx?id=388319 BNE Finance Ministry today clarified that there is no proposal under consideration of government for any cut whatsoever in the existing salary of any category of Central Government employees. Yes Bank scam: Special court rejects DHFL promoters Kapil, Dheeraj Wadhawans' interim bail plea http://newsonair.nic.in/Main-News-Details.aspx?id=388291 BNE A special court in Mumbai has rejected the interim bail plea filed by DHFL promoter Kapil Wadhawan and his brother Dheeraj, arrested in connection with the Yes Bank scam, and sent them to judicial custody. Nitin Gadkari asks industry to remain positive, visualize & change to convert adversity into opportunity http://newsonair.nic.in/Main-News-Details.aspx?id=388250 BNE Union Minister for MSME and Road Transport and Highways Nitin Gadkari has asked the industry to remain positive, visualize and change for better outcome in the present situation so that this adversity is converted into an opportunity. NFL's fertiliser sales jump 71 % to 3.62 lakh tonnes in April http://newsonair.nic.in/Main-News-Details.aspx?id=388235 BNE National Fertilizers Limited, NFL, a PSU under the ministry of Chemicals and Fertilizers registered a 71 percent growth in fertilizer sale last month. India's foreign exchange reserves up by 1.622 million dollars to 481.078 billion dollars http://newsonair.nic.in/Main-News-Details.aspx?id=388092 BNE India's foreign exchange reserves has increased by 1.622 million dollars to reach 481.078 billion dollars in the week ended 1st May. Nitin Gadkari calls Event & Entertainment Management Industry, small financing enterprises to remain positive http://newsonair.nic.in/Main-News-Details.aspx?id=388067 BNE MSME Minister Nitin Gadkari has asked Event and Entertainment Management Industry and the small financing enterprises to remain positive and explore tapping the present situation. He emphasized that this sector is doing an excellent work and their talent and vision is widely recognized. TRIFED, AOL ink MoU to promote tribal enterprises http://newsonair.nic.in/Main-News-Details.aspx?id=388063 BNE Tribal Cooperative Marketing Development Federation of India, TRIFED under Ministry of Tribal Affairs and Art Of Living, AOL Foundation have signed a Memorandum of Understanding to collaborate in programmes of each organisation for promoting Tribal Enterprises. Rupee surges by 18 paise to end at 75.54 against USD http://newsonair.nic.in/Main-News-Details.aspx?id=388043 BNE The rupee today appreciated 18 paise to settle at 75 rupees and 54 paise against the US dollar. FM Nirmala Sitaraman launches (INR-USD) F and O contracts on BSE’s India INX & NSE’s NSE-IFSC at GIFT http://newsonair.nic.in/Main-News-Details.aspx?id=388033 BNE Finance Minister Nirmala Sitaraman launched INR-USD (Rupee-Dollar) Futures and Options contracts on the two International Exchanges, BSE’s India INX and NSE’s NSE-IFSC, at GIFT International Financial Services Centre in Gandhinagar today through video conference. Sensex ends up by 199 points; Nifty rises 52 points http://newsonair.nic.in/Main-News-Details.aspx?id=387926 BNE Following positive global cues, the Indian markets ended with gains of about 0.6 percent today. Khadi & village industries turnover reaches to Rs. 88, 887 crore in 2019-20 http://newsonair.nic.in/Main-News-Details.aspx?id=388026 BNE The total Khadi and village industries turnover in the year 2019-20, has reached to Rs. 88, 887 crore. SBI hikes home loan rates by up to 30 basis points http://newsonair.nic.in/Main-News-Details.aspx?id=387987 BNE The country's largest lender SBI has increased its home loan rates that are linked to repo rate by up to 30 basis points amid market indications of increased credit risk for borrowers and realty firms in the wake of coronavirus pandemic. S&P 500, Dow fall as US Prez Trump casts doubt on China trade deal http://newsonair.nic.in/Main-News-Details.aspx?id=387924 BNE On Wall Street, the S&P 500 and the Dow fell yesterday, after US President Donald Trump cast doubt on a trade deal with China and data showed US private employers laid off 20 million workers in April, underscoring the economic fallout of the corona virus outbreak. SBI cuts benchmark lending rate by 15 basis points http://newsonair.nic.in/Main-News-Details.aspx?id=387930 BNE The country's largest lender, State Bank of India today slashed benchmark lending rate by 15 basis points and introduced Special Deposit Scheme for senior citizens with higher interest rate. Public Sector Banks sanction loans worth Rs 5.66 lakh cr for more than 4181000 accounts during March-April http://newsonair.nic.in/Main-News-Details.aspx?id=387966 BNE Public Sector Banks have sanctioned loans worth 5.66 lakh crore rupees for more than 41 lakh 81 thousand accounts during March-April this year. MP Govt makes several provisions in rules to benefit industrial institutions http://newsonair.nic.in/Main-News-Details.aspx?id=387907 BNE In Madhya Pradesh, several provisions have been made in the rules to benefit industrial institutions in the state. Petroleum Minister Dharmendra Pradhan holds discussion with Russia's Minister of Energy http://newsonair.nic.in/Main-News-Details.aspx?id=387898 BNE Petroleum and Natural Gas Minister, Dharmendra Pradhan held discussion with Minister of Energy of Russia, Alexander Novak through video conferencing on Wednesday. Sensex gains 232 points, Nifty ends at 9,271 http://newsonair.nic.in/Main-News-Details.aspx?id=387579 BNE Domestic equity benchmarks today gained around 0.7 per cent amid positive global markets. Sensex at Bombay Stock Exchange ended 232 points, or 0.74 per cent, up at 31,686. CSIR's IGIB, Tata Sons sign agreement for licensing of KNOW-HOW for rapid, accurate diagnosis of COVID-19 http://newsonair.nic.in/Main-News-Details.aspx?id=387790 BNE The Council for Scientific and Industrial Research (CSIR), constituent lab Institute of Genomics and Integrative Biology (IGIB) and Tata Sons have signed an agreement for licensing of KNOW-HOW for rapid and accurate diagnosis of COVID-19. Excise duty on petrol hiked by Rs 10/litre, Diesel by Rs 13/litre http://newsonair.nic.in/Main-News-Details.aspx?id=387781 BNE Excise duty on petrol has been hiked by ten rupees and that on diesel by thirteen rupees per litre, effective from today. CCI ready to purchase cotton at MSP: Textiles Ministry assures Maharashtra farmers http://newsonair.nic.in/Main-News-Details.aspx?id=387755 BNE The Textiles Ministry has assured farmers in Maharashtra that the Cotton Corporation of India (CCI) is fully prepared to purchase cotton at minimum support price in the state during the ongoing lockdown. Govt mulls on bringing import substitution policy: Nitin Gadkari http://newsonair.nic.in/Main-News-Details.aspx?id=387731 BNE MSME Minister Nitin Gadkari has said that government is thinking about bringing an import substitution policy in the wake of the new economic situation created by COVID-19 pandemic. Rupee depreciates 64 paise to 75.73 against US dollar http://newsonair.nic.in/Main-News-Details.aspx?id=387625 BNE The Indian rupee today depreciated by 64 paise to settle at 75 rupees and 73 paise against the US dollar. CBIC dismisses link doing rounds on social media regarding GST refund http://newsonair.nic.in/Main-News-Details.aspx?id=387611 BNE Central Board of Indirect Taxes and CUSTOMS (CBIC) has dismissed a link doing the rounds on social media regarding GST refund. Entities providing capital & debt market services to remain operational during lockdown-3 http://newsonair.nic.in/Main-News-Details.aspx?id=387587 BNE Market regulator Sebi has said that entities providing capital and debt market services will continue to remain operational during the nationwide lockdown which has been extended for another two weeks contain the spread of COVID-19. Over 99% of CKP Co-Op Bank's depositors to get full repayment: RBI http://newsonair.nic.in/Main-News-Details.aspx?id=387556 BNE Reserve Bank of India has said that over 99 per cent of CKP Co-Op Bank's 1.32 lakh depositors will get full money through Deposit Insurance and Credit Guarantee Corporation (DICGC). Govt agencies, pvt traders procure 80,96,828 metric tonnes of wheat till Friday http://newsonair.nic.in/Main-News-Details.aspx?id=387363 BNE In Punjab, till Friday, Government agencies and private traders have procured total 80,96,828 metric tonnes of wheat. CAIT to launch national e-commerce marketplace 'bharatmarket' for retail traders http://newsonair.nic.in/Main-News-Details.aspx?id=387318 BNE Traders' body Confederation of All India Traders (CAIT) has announced to launch a national e-commerce marketplace 'bharatmarket' soon for all retail traders in collaboration with several technology partners. 200 new mandis from seven states join e-NAM for marketing of agricultural produce http://newsonair.nic.in/Main-News-Details.aspx?id=387289 BNE Two hundred new mandis from seven states joined the e-NAM platform for marketing of Agricultural produce on Friday. India open to mutually benefitting collaborations with interested countries: Piyush Goyal http://newsonair.nic.in/Main-News-Details.aspx?id=387309 BNE Union Minister Piyush Goyal has said India is open to mutually benefitting collaborations with interested countries. Exports of Gems & Jewellery from Surat resumes http://newsonair.nic.in/Main-News-Details.aspx?id=387250 BNE Exports of Gems and Jewellery from Surat resumed from Wednesday. RBI extends regulatory benefits under SLF-MF scheme to all banks http://newsonair.nic.in/Main-News-Details.aspx?id=387180 BNE The Reserve Bank of India today extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds SLF-MF scheme. Output of eight core infrastructure industries shrank by 6.5 % in March http://newsonair.nic.in/Main-News-Details.aspx?id=387167 BNE The output of eight core infrastructure industries shrank by 6.5 percent in March due to fall in production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity amid the coronavirus lockdown. India Inc. staring at 10 pc revenue decline, 15 pc profits erosion in FY 21: Crisil http://newsonair.nic.in/Main-News-Details.aspx?id=387162 BNE India Inc. is staring at a bleak and forgettable fiscal year 2021, which is likely to see a 10 percent fall in revenues and at least 15 percent erosion in profits due to the COVID-19 pandemic, domestic ratings agency Crisil said today. India's Gold demand falls 36 % between January-March: WGC http://newsonair.nic.in/Main-News-Details.aspx?id=387161 BNE Gold demand in India fell 36 percent in the January to March quarter of this year, to 101.9 tonnes due to volatile prices, economic uncertainties and coronavirus-induced nationwide lock down towards the end of the quarter, according to a report by World Gold Council. India needs to be cleverer in lifting lockdown: Former RBI Raghuram Rajan http://newsonair.nic.in/Main-News-Details.aspx?id=387146 BNE Former Governor of Reserve Bank of India Raghuram Rajan today said that India needs to be cleverer in lifting lockdown and open up its economy in a measured way soon, as it does not have the capacity to support people across the spectrum for too long. Communications & IT minister exhorts electronics industry to explore new opportunities http://newsonair.nic.in/Main-News-Details.aspx?id=387128 BNE Union Minister of Electronics and Information Technology Ravi Shankar Prasad has exhorted the Electronics Industry to explore the new opportunities that are arising out of the adversity and make the country a global hub of electronics manufacturing. Indian industrialists, exporters should capture significant share in world trade post-COVID era: Piyush Goyal http://newsonair.nic.in/Main-News-Details.aspx?id=387118 BNE Commerce and Industry Minister Piyush Goyal said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in world trade. (CII) India Business Forum interacts with Ambassador of India to China to discuss impact of COVID-19 on businesses http://newsonair.nic.in/Main-News-Details.aspx?id=387114 BNE Confederation of Indian Industry (CII) India Business Forum organized a video interaction with Ambassador of India to China, Vikram Misri to discuss the situation arising out of COVID19 and it’s impact on various Indian businesses operating in China. Indian industrialists should take advantage of change in global supply-chains in post-Covid era: Piyush Goyal http://newsonair.nic.in/Main-News-Details.aspx?id=387099 BNE Commerce and Industry Minister Piyush Goyal today said that in the post-Covid era, there is going to be perceptible change in the global supply-chains, and Indian industrialists and exporters should be looking to capture significant share in world trade. Task Force on NIP submits final report to Finance Minister http://newsonair.nic.in/Main-News-Details.aspx?id=387052 BNE The Task Force has submitted it's Final Report on the National Infrastructure Pipeline, NIP for 2019-25 to Finance Minister Nirmala Sitharaman today. CII Business Forum interacts with Ambassador of India to China to discuss impact of COVID-19 on businesses http://newsonair.nic.in/Main-News-Details.aspx?id=387097 BNE Confederation of Indian Industry (CII) India Business Forum organized a video interaction with Ambassador of India to China, Vikram Misri to discuss the situation arising out of COVID-19 and it’s impact on various Indian businesses operating in China. Chief Economic Advisor Dr. Subramanian Krishnamurthy says relaxations in #lockdown will help in quick economic recovery http://newsonair.nic.in/Main-News-Details.aspx?id=387043 BNE As the lockdown period slowly reaches its final days, India is aiming for exit strategies and opening up in a phased manner though relaxations. ADB approves USD 1.5 bn loan to India to help fight coronavirus http://newsonair.nic.in/Main-News-Details.aspx?id=386942 BNE Asian Development Bank has approved 1.5 billion dollars loan to India to help fund its fight against coronavirus pandemic. Record sales of Fertilizers took place during lockdown period: Govt http://newsonair.nic.in/Main-News-Details.aspx?id=387000 BNE Government has said that record sales of Fertilizers took place during lockdown period. During 1st to 22nd of April sale of fertilizers to farmers community was over 10 lakh tonnes which is 32 percent higher than the last year of sale during the same period. NLC India commences coal production at Talabira-II & III Opencast Coal Mine http://newsonair.nic.in/Main-News-Details.aspx?id=386999 BNE NLC India has commenced coal production at its Talabira-II and III Opencast Coal Mine in Odisha. Global crude oil prices trade mixed on easing coronavirus restrictions http://newsonair.nic.in/Main-News-Details.aspx?id=386954 BNE Global crude oil prices were trading mixed today, as optimism about the easing of coronavirus-related restrictions reassured markets, but traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand. Discoms owe Rs 92,693 cr to power producers in Feb 2020 http://newsonair.nic.in/Main-News-Details.aspx?id=386953 BNE Power distribution companies owed 92,693 crore rupees to power producers in February 2020, registering an increase of 31 per cent over the year-ago same month, according to portal Payment Ratification And Analysis in Power. Indian startups attract USD 2.5 bn funding in Q1 2020 http://newsonair.nic.in/Main-News-Details.aspx?id=386950 BNE Indian tech-led startups attracted funding worth 2.5 billion dollars in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said. Wall Street gains over 1 pct as hopes of relaxation on shutdown restrictions rise http://newsonair.nic.in/Main-News-Details.aspx?id=386933 BNE On Wall Street, all the three key indices gained over 1 percent yesterday, at the onset of a hectic earnings week, as investors turned hopeful on several US states that are relaxing shutdown restrictions put in place to curb the spread of the COVID-19 pandemic. Automobile giant Maruti Suzuki producing low cost ventilators in country http://newsonair.nic.in/Main-News-Details.aspx?id=386811 BNE Maruti Suzuki, the Automobile giant is now spearheading the production of low cost ventilators in country and helping the government in the fight against COVID-19.