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 Sensex climbs 13 points to settle at 36,387; Nifty up by two points at 10,907 http://newsonair.nic.in/Main-News-Details.aspx?id=358261 BNE Benchmark domestic indices today logged marginal gains for fourth straight session amid mixed global stocks. China revises 2017 economic growth down to 6.8% from 6.9% http://newsonair.nic.in/Main-News-Details.aspx?id=358243 BNE China revised its 2017 economic growth down to 6.8 per cent from 6.9 per cent, as it braces for a possibly worse performance in 2018. RBI-industry meet: India Inc pitches for rate cut to prop up growth http://newsonair.nic.in/Main-News-Details.aspx?id=358207 BNE A delegation of industry chambers, led by CII’s president-designate Uday Kotak, today urged the Reserve Bank of India to cut interest rate and reserve ratio to prop up growth. Prabhu inaugurates 10th edition of India Rubber Expo 2019 http://newsonair.nic.in/Main-News-Details.aspx?id=358172 BNE Union Minister for Commerce and Industry, Suresh Prabhu inaugurated the 10th edition of the India Rubber Expo - 2019 in Mumbai this morning. Sensex and Nifty climb 0.25% amid mixed Asian markets http://newsonair.nic.in/Main-News-Details.aspx?id=357418 BNE Benchmark indices today logged gains for second session in afternoon trade. RBI announces OMO purchase of government securities on Jan 17 http://newsonair.nic.in/Main-News-Details.aspx?id=358096 BNE Reserve Bank will inject 10,000 crore rupees into the system through the purchase of government securities tomorrow to increase liquidity. Rupee weakens by nine paise to Rs 71.02 against dollar http://newsonair.nic.in/Main-News-Details.aspx?id=358086 BNE Rupee today weakened nine paise to 71 rupees and two paise against the US dollar. Gold prices up by RS 25 to Rs 33,125 per 10 gram; Silver advanced by Rs 100 to Rs 40,200 per kg http://newsonair.nic.in/Main-News-Details.aspx?id=357998 BNE Extending its gain for the second straight day, gold prices today rose marginally by 25 rupees to 33,125 rupees per 10 gram at the bullion market in the national capital on firm trend overseas, according to the All India Sarafa Association. China's trade surplus with US increased last year to 323.3 billion US dollars http://newsonair.nic.in/Main-News-Details.aspx?id=358002 BNE China's trade surplus with the United States increased last year to 323.3 billion US dollars from 275.8 billion US dollars in 2017, data showed today. UAE, Saudi Arabia to invest in Indian agriculture sector: Suresh Prabhu http://newsonair.nic.in/Main-News-Details.aspx?id=357980 BNE Union Minister for Commerce and Industry and Civil Aviation Suresh Prabhu today said, the government is coming up with an Agriculture Export Policy in which the districts possessing potential for particular industries and items will be identified and developed as clusters for the development of the RBI forms committee to boost digital payments http://newsonair.nic.in/Main-News-Details.aspx?id=357753 BNE Reserve Bank of India (RBI) has constituted a High-Level Committee on Deepening of Digital Payments to encourage digitisation of payments and enhance financial inclusion. Exports of jute products rise be 24% since 2014: Smriti Irani http://newsonair.nic.in/Main-News-Details.aspx?id=357727 BNE Union Textiles Minister Smriti Irani has said that exports of jute diversified products have risen by 24 per cent since 2014. FSSAI asks food businesses to comply with new packaging norms by July 1 http://newsonair.nic.in/Main-News-Details.aspx?id=357528 BNE Food Safety and Standards Authority of India FSSAI has said food businesses need to comply with new packaging regulations that bar use of recycled plastics and newspapers to wrap food articles by July 1. Cabinet approves merger of Vijaya Bank, Dena Bank with Bank of Baroda http://newsonair.nic.in/Main-News-Details.aspx?id=357466 BNE The Cabinet has approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda. SEBI allows custodial services in commodity market http://newsonair.nic.in/Main-News-Details.aspx?id=357507 BNE Markets regulator Securities and Exchange Board of India (SEBI) has allowed custodial services in the commodity derivatives market. RBI offers relief to MSMEs; allows restructuring of debt up to Rs 25 crore http://newsonair.nic.in/Main-News-Details.aspx?id=357431 BNE Reserve Bank has allowed a one-time restructuring of existing debt of up to 25 crore rupees for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets. Sale of seventh tranche of electoral bonds begins http://newsonair.nic.in/Main-News-Details.aspx?id=357407 BNE The seventh tranche of electoral bonds sale began today Domestic LPG prices cut by 5.91 rupees per cylinder http://newsonair.nic.in/Main-News-Details.aspx?id=357391 BNE The prices of domestic LPG gas were cut by 5.91 rupees per cylinder yesterday. Banking sector on "course to recovery" as afflicting NPAs recede: RBI Governor http://newsonair.nic.in/Main-News-Details.aspx?id=357388 BNE RBI Governor Shaktikanta Das has said, the banking sector is on "course to recovery" as the afflicting non-performing assets recede, but state-run lenders need reforms in governance. MSMEs Ministry established export promotion cell to create sustainable ecosystem http://newsonair.nic.in/Main-News-Details.aspx?id=357399 BNE The Micro, Small and Medium Enterprises (MSMEs) Ministry has established an export promotion cell to create a sustainable ecosystem for MSMEs. Sensex falls 8 points; Nifty settles at 10,863 http://newsonair.nic.in/Main-News-Details.aspx?id=357211 BNE Benchmark domestic stocks, Sensex and Nifty on Monday closed almost flat after logging gains in last three sessions. India will witness strong economic growth in 2019: CII http://newsonair.nic.in/Main-News-Details.aspx?id=357346 BNE Confederation of Indian Industry (CII) has said that India will witness strong economic growth in 2019, despite external vulnerabilities arising from rising oil prices, the US-China trade war and America's monetary tightening. RBI exploring mobile phone-based solution to help visually impaired identify banknotes http://newsonair.nic.in/Main-News-Details.aspx?id=357313 BNE The Reserve Bank of India is exploring the possibility of mobile phone-based solution to help visually-impaired people easily identify the currency notes. MSP for Copra hiked by more than Rs.2000 per quintal http://newsonair.nic.in/Main-News-Details.aspx?id=357240 BNE The Cabinet Committee on Economic Affairs, CCEA has approved hike in Minimum Support Price for Copra by more than two thousand rupees per quintal for 2019 season. PSBs approve loans worth over Rs 37,400 cr for MSME sector http://newsonair.nic.in/Main-News-Details.aspx?id=357257 BNE Public sector banks have approved more than 1.12 lakh loan applications of MSMEs worth of 37,412 crore rupees under the '59 minutes' loan scheme launched by the government last month. Centre doubles export incentives for onion farmers to 10% http://newsonair.nic.in/Main-News-Details.aspx?id=357251 BNE Government has doubled the export incentives for onion farmers from existing 5 per cent to 10 per cent. Rupee strengthens 42 paise http://newsonair.nic.in/Main-News-Details.aspx?id=357246 BNE The rupee at forex market on Friday strengthened by 42 paise to 69 rupees and 93 paise against the US dollar. Gold prices surge, silver rates jump http://newsonair.nic.in/Main-News-Details.aspx?id=357243 BNE Gold prices Friday rose by Rs 170 to Rs 32,620 per 10 gram at Delhi bullion market amid increased demand and firm trend overseas. RBI launches survey to capture retail payment habits in 6 cities http://newsonair.nic.in/Main-News-Details.aspx?id=357192 BNE The Reserve Bank of India (RBI) will capture payment habits of individuals in six cities, including four metropolitan towns. Bimal Jalan to head panel on RBI reserve; Rakesh Mohan to be vice chairman http://newsonair.nic.in/Main-News-Details.aspx?id=357184 BNE Reserve Bank of India has named former Governor Bimal Jalan as the head of the expert panel that will decide on the appropriate size of reserves that the central bank should maintain and the dividend it should give to the government. Sensex rises to 180 points; Nifty ends at 10,730 http://newsonair.nic.in/Main-News-Details.aspx?id=357169 BNE The Sensex at the Bombay Stock Exchange rose 180 points, to end at 35,650, on Wednesday. Gold rallies on jewellers' buying http://newsonair.nic.in/Main-News-Details.aspx?id=357168 BNE Gold rose Rs 100, to Rs 32,500 per ten grams at Delhi's bullion market on Wednesday, on increased buying. Investment through P-notes rises to Rs 79247 crore in November http://newsonair.nic.in/Main-News-Details.aspx?id=357167 BNE Investments in the Indian capital market through participatory notes climbed to Rs 79,247 crore in November after hitting a nine-and-a-half year low at the end of October. India's exports performance extremely good: Suresh Prabhu http://newsonair.nic.in/Main-News-Details.aspx?id=357166 BNE India is preparing a specific strategy for exports to each geography to ensure that outward shipments become driving force for the country's overall economic growth in 2019, Commerce and Industry Minister Suresh Prabhu has said. Sensex plunges over 350 points this morning http://newsonair.nic.in/Main-News-Details.aspx?id=357156 BNE Domestic equities benchmark BSE Sensex plunged over 350 points this morning. The 30-share index slumped 360 points to 35,109 in early trade. National Consumer Day observed on Dec 24 http://newsonair.nic.in/Main-News-Details.aspx?id=357077 BNE National Consumer Day observed on Dec 24 . HUL found guilty of profiteering ₹383 crore http://newsonair.nic.in/Main-News-Details.aspx?id=357109 BNE The GST anti-profiteering authority has found Hindustan Unilever Limited, HUL guilty of not passing on rate cut benefits of 383 crore rupees to consumers. Sensex tumbles 272 points; Nifty closes at 10,664 http://newsonair.nic.in/Main-News-Details.aspx?id=357092 BNE At the stock markets, the Sensex at the Bombay Stock Exchange lost 272 points, or 0.8 per cent, to end at 35,470, on Monday. Foreign investors pump in Rs 4,000 cr this month on strong rupee http://newsonair.nic.in/Main-News-Details.aspx?id=357039 BNE Foreign investors have pumped in nearly Rs 4,000 crore in the Indian capital markets this month so far. GST reduced on 23 items and services; revised rates effective from 1st of next month http://newsonair.nic.in/Main-News-Details.aspx?id=357019 BNE The GST Council has reduced tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks. Union Minister Suresh Prabhu confers Skoch Golden Jubilee Challenger Award at the 55th Skoch Summit in New Delhi http://newsonair.nic.in/Main-News-Details.aspx?id=356985 BNE Commerce and Industry Minister Suresh Prabhu has conferred the Skoch Golden Jubilee Challenger Award at the 55th Skoch Summit in New Delhi today. Rupee weakens by 48 paise to 70.18 against Dollar http://newsonair.nic.in/Main-News-Details.aspx?id=356950 BNE Breaking appreciation rally of last three days, rupee at forex market today weakened by 48 paise to 70 rupees and 18 paise against the US dollar. Oil falls to lowest since third quarter of 2017 http://newsonair.nic.in/Main-News-Details.aspx?id=356952 BNE Oil prices today fell to their lowest since the third quarter of 2017, heading for losses of more than 10 percent in a week, as global oversupply kept buyers away from the market ahead of the long festive break. Govt to infuse Rs 83,000 crore in PSBs in next few months http://newsonair.nic.in/Main-News-Details.aspx?id=356915 BNE The government will infuse 83000 crore in Public Sector Banks in next few months in the current fiscal. Gold prices rise, silver slips http://newsonair.nic.in/Main-News-Details.aspx?id=356916 BNE Gold prices on Thursday rose by Rs 150 to close at Rs 32,000 per 10 gm at the bullion market in the national capital, following a firm trend overseas amid fresh buying by local jewellers. Changes in policy, procedures in next 3 months to improve ease of doing business rank: P K Das http://newsonair.nic.in/Main-News-Details.aspx?id=356831 BNE To ensure further improvement in India's position in the 'Ease of Doing Business Report-2019', the Centre will have to put in place changes in policy and procedures in next three months. India will become five-trillion-dollar economy in 7-8 years: Prabhu http://newsonair.nic.in/Main-News-Details.aspx?id=356813 BNE Minister for Commerce and Industry Suresh Prabhu said, with economic reforms, India will become a five-trillion-dollar economy in seven-eight years. PSU Banks recover Rs 2.33 lakh cr worth of bad loans during 4 years http://newsonair.nic.in/Main-News-Details.aspx?id=356704 BNE Minister of State for Finance Shiv Pratap Shukla informed Parliament that Public Sector Banks (PSBs) have recovered 2.33 lakh crore rupees worth of bad loans during the four years from financial year 2014-15 to fiscal 2017-18.