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 slips 3 points; Nifty closes at 10,576 http://newsonair.nic.in/Main-News-Details.aspx?id=355143 BNE Benchmark domestic indices today closed almost flat amid weak global share markets. Wholesale inflation rises to four-month high of 5.28% in October http://newsonair.nic.in/Main-News-Details.aspx?id=355359 BNE Inflation based on wholesale prices,WPI rose to a four-month high of 5.28 per cent in October. Retail inflation falls to one-year low of 3.31 per cent in October http://newsonair.nic.in/Main-News-Details.aspx?id=355280 BNE Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items. Digital payment transactions jump to 244 cr in Aug 2018 http://newsonair.nic.in/Main-News-Details.aspx?id=355146 BNE The number of digital payment transactions in India touched 244.81 crore in August 2018, more than three-fold rise from October 2016, underlining the massive adoption of digital payment modes over the last two years. Finance Ministry urges foreign diplomatic missions to mention place of supply in GST return forms http://newsonair.nic.in/Main-News-Details.aspx?id=355155 BNE The finance ministry has asked foreign diplomatic missions or UN organisations to correctly mention the 'place of supply' of services in their GST return forms to enable quick processing of refund. FM Jaitley terms demonetization as key decision to formalize economy http://newsonair.nic.in/Main-News-Details.aspx?id=355071 BNE Finance Minister Arun Jaitley has said, demonetization was a key step in a chain of important decisions taken by the government to formalize the economy. Muhurat session: Sensex rallies 246 points on strong footing http://newsonair.nic.in/Main-News-Details.aspx?id=354625 BNE The benchmark indices BSE and NSE witnessed their best Muhurat trade session gains in 10 years, settling over 0.5 per cent higher in the Muhurat session of Samvat 2075. RBI relaxes ECB norms for infrastructure creation http://newsonair.nic.in/Main-News-Details.aspx?id=355055 BNE The Reserve Bank of India on Wednesday liberalised the norms governing foreign borrowings for infrastructure creation. Oil prices fall for fourth straight week as US allows Irans sanctions waiver http://newsonair.nic.in/Main-News-Details.aspx?id=354913 BNE Global crude oil prices fell for the fourth straight week as investors worried about oversupply as the United States temporarily spared eight countries from Iran-related sanctions during the week. Petrol price cut by 21 paise a litre, diesel by 17 paise http://newsonair.nic.in/Main-News-Details.aspx?id=354912 BNE Petrol price was today cut by 21 paise a litre and diesel by 17 paise. According to a price notification issued by state-owned fuel retailers, in Delhi, petrol now costs 78.78 rupees per litre while diesel is priced at 73.36 rupees. Oil Marketing Companies, CSCs sign MoU to provide LPG-related services to people http://newsonair.nic.in/Main-News-Details.aspx?id=354877 BNE Oil Marketing Companies and Common Service Centres have signed a Memorandum of Understanding to provide LPG-related services to the people. Rupee witnesses big jump of 96 paise to Rs. 72.49 vs USD http://newsonair.nic.in/Main-News-Details.aspx?id=354734 BNE The rupee, at the forex market, today witnessed a big jump of 96 paise to 72 rupees and 49 paise against the US dollar. GST collection crosses Rs 1 lakh crore for second time since launch http://newsonair.nic.in/Main-News-Details.aspx?id=354779 BNE Collections from Goods and Services Tax crossed one lakh crore rupees mark for the second time since its launch in July last year. India extends deadline for imposition of higher customs duties on 29 US products http://newsonair.nic.in/Main-News-Details.aspx?id=354807 BNE India has extended the deadline for the imposition of higher customs duties on 29 US products, including almond, walnut and pulses, by another 45 days till 17th of next month. Growth of 8 infrastructure sectors slows down to 4.3% in September http://newsonair.nic.in/Main-News-Details.aspx?id=354738 BNE Growth of eight infrastructure sectors slowed down to 4.3 per cent in September this year, the lowest in the last four months, as production of crude oil and natural gas declined. Oil prices rise today after two days of losses http://newsonair.nic.in/Main-News-Details.aspx?id=354736 BNE Oil prices today rose, recovering some ground after two days of losses, as markets braced for the imposition of U.S. sanctions on Iran next week and stock markets clawed back some of their recent losses. Major Asian stock markets bounce higher today after brutal October http://newsonair.nic.in/Main-News-Details.aspx?id=354729 BNE All major Asian stock markets today bounced higher, bringing some relief after a brutal October in which equities have suffered one of their worst drops in a decade and spooked investor confidence. Gold at nearly 6-yr high of Rs 32650 amid increased festive demand http://newsonair.nic.in/Main-News-Details.aspx?id=354725 BNE Gold prices today rallied for the second consecutive session, rising by 30 rupees to touch nearly six-year high of 32,650 rupees per 10 gram at Delhi bullion market amid increased festive demand. FM Arun Jaitley criticises RBI for indiscriminate lending by banks http://newsonair.nic.in/Main-News-Details.aspx?id=354691 BNE Finance Minister Arun Jaitley has criticised the Reserve Bank of India for failing to check indiscriminate lending during 2008 and 2014 that led to the current crisis of bad loan or NPA in the banking industry. New SBI ATM withdrawal limits to come into effect from October 31 http://newsonair.nic.in/Main-News-Details.aspx?id=354674 BNE New ATM cash withdrawal rules for SBI account holders will come into effect from Wednesday (October 31). Meeting of Financial Stability and Development Council held http://newsonair.nic.in/Main-News-Details.aspx?id=354672 BNE The Financial Stability and Development Council, FSDC, held a meeting in New Delhi on Tuesday which was presided over by Finance Minister Arun Jaitley. Oil prices fall on rising supply http://newsonair.nic.in/Main-News-Details.aspx?id=354670 BNE Oil prices on Tuesday fell signs of rising global supply despite looming sanctions on Iran’s crude exports. Rupee weakens 23 paise to 73.68 against US dollar http://newsonair.nic.in/Main-News-Details.aspx?id=354613 BNE The rupee on Tuesday weakened by 23 paise to close at 73.68 against the US dollar. Benchmark domestic stocks witnessed losses in afternoon trade amid mixed Asian share markets http://newsonair.nic.in/Main-News-Details.aspx?id=354367 BNE Benchmark domestic stocks today witnessed losses in afternoon trade amid mixed Asian share markets. FPIs pull out INR 35,600 crore from Indian capitals market in October so far http://newsonair.nic.in/Main-News-Details.aspx?id=354582 BNE Foreign investors pulled out 35,600 crore rupees from the Indian capital markets this month. The outflow is higher than 21,000 crore rupees withdrawn in September. SMEs raise INR 1281 Cr through initial share-sales in April-September period http://newsonair.nic.in/Main-News-Details.aspx?id=354583 BNE Small and medium enterprises (SMEs) raised 1,281 crore rupees through initial share-sales in April-September period of the current fiscal, registering a nearly two fold jump from the year-ago period. Sixth phase of electoral bonds sale to kick off from Nov 1 http://newsonair.nic.in/Main-News-Details.aspx?id=354547 BNE The sixth phase of the sale of electoral bonds will begin from Thursday which will continue till November 10. BEL registers 35% growth in 2nd quarter of current financial year http://newsonair.nic.in/Main-News-Details.aspx?id=354542 BNE Bharat Electronics Limited, BEL, the Navratna Defence Public Sector Undertaking, has registered a growth of about 35 per cent in 2nd quarter of the current financial year. Rs 8100-cr bank loan fraud: ED moves court against Sterling Biotech group promoters http://newsonair.nic.in/Main-News-Details.aspx?id=354483 BNE The Enforcement Directorate today moved a special court in New Delhi to get the owners of Gujarat-based Sterling Biotech group, declared fugitive economic offenders under a new law. Australia evinces interest in direct non-stop flights from India to Perth http://newsonair.nic.in/Main-News-Details.aspx?id=354449 BNE Western Australia has evinced interest in direct non-stop flights from India to Perth. Govt clears five more rice mills for exporting non-basmati rice to China http://newsonair.nic.in/Main-News-Details.aspx?id=354446 BNE The government has cleared five more rice mills for exporting non-basmati rice to China. Rupee weakens 23 paise to 73.79 against US dollar in early trade http://newsonair.nic.in/Main-News-Details.aspx?id=354353 BNE The rupee depreciated 23 paise to 73 rupees 79 paise against the US dollar in early trade today as the American currency strengthened overseas. Sensex declines 181 points; Nifty closes at 10,245 http://newsonair.nic.in/Main-News-Details.aspx?id=354312 BNE Benchmark Domestic stocks on Monday closed with losses for third straight session amid positive global markets. 80% rise in number of ITR filed in last four fiscal years: CBDT http://newsonair.nic.in/Main-News-Details.aspx?id=354313 BNE The number of Income Tax returns filed in the last four financial years has registered a growth of over 80 per cent. Centre to increase Onion supply in Delhi from buffer stock http://newsonair.nic.in/Main-News-Details.aspx?id=354205 BNE The Centre has decided to increase the supply of Onion in Delhi from the buffer stock by two to three times from the current level to tide over any constraint in the interim supply of the commodities in the market. Sensex slumps 464 points, Nifty plummets 150 points http://newsonair.nic.in/Main-News-Details.aspx?id=354062 BNE The Sensex at the Bombay Stock Exchange slumped 464 points, or 1.3 percent, to close at 34,316. RBI issues guidelines to facilitate payments among PPI http://newsonair.nic.in/Main-News-Details.aspx?id=354134 BNE In a move aimed at promoting digital transactions, the Reserve Bank of India (RBI) has released operational guidelines to facilitate payments among prepaid instruments (PPI) such as mobile wallets. India ranked 58th most competitive economy in WEF index http://newsonair.nic.in/Main-News-Details.aspx?id=354126 BNE India has been ranked as the 58th most competitive economy on the World Economic Forum's global competitiveness index for 2018. RBI approves Sandeep Bakshi's appointment as MD, CEO of ICICI Bank for 3 years http://newsonair.nic.in/Main-News-Details.aspx?id=354094 BNE ICICI Bank today said that the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years. WPI inflation rises to 5.13% in September http://newsonair.nic.in/Main-News-Details.aspx?id=354060 BNE Inflation based on wholesale prices rose to a two-month high of 5.13 per cent last month, mainly due to hardening of food prices and rise in cost of petrol and diesel. Sensex climbs 732 points to 34,734, Nifty also surges 238 to 10,473 http://newsonair.nic.in/Main-News-Details.aspx?id=353823 BNE Benchmark domestic stocks today bounced back strongly and recovered from big losses of previous session after European and other Asian shares logged positive trade. Govt hikes import duty on certain communication items up to 20% http://newsonair.nic.in/Main-News-Details.aspx?id=353923 BNE Government has hiked import duty on certain communication items, including base stations, to up to 20 per cent. Rupee strengthens 38 paise against US dollar http://newsonair.nic.in/Main-News-Details.aspx?id=353794 BNE Continuing its recovery, the rupee strengthened 38 paise to 73.74 against the US dollar in early trade today in the forex market after global crude prices eased. Special category status not in Terms of Reference of Finance Commission: NK Singh http://newsonair.nic.in/Main-News-Details.aspx?id=353924 BNE The Finance Commission on a visit to Andhra Pradesh today said it can not look into the issue of grant of special category to the state as it does not form part of the its Terms of Reference. Chinese Stock markets plunge to lowest levels in four years http://newsonair.nic.in/Main-News-Details.aspx?id=353896 BNE In China, stock markets today plunged to their lowest levels in four years following a global rout, with shares in around 1,000 firms falling to their daily limit of 10 per cent. Shanghai fell 142.38 points, marking the lowest level since November 2014. NITI Aayog CEO Amitabh Kant says technological disruption will impact traditional manufacturing, employment and economies. http://newsonair.nic.in/Main-News-Details.aspx?id=353881 BNE NITI Aayog CEO Amitabh Kant today said technological disruption will impact traditional manufacturing, employment and economies. Govt cuts excise duty on jet fuel to 11 pc from current 14 pc http://newsonair.nic.in/Main-News-Details.aspx?id=353860 BNE The government today cut excise duty on jet fuel to 11 per cent from current 14 per cent in a bid to give relief to the aviation industry that has been hit hard by high fuel prices. Govt soon to bring air cargo policy http://newsonair.nic.in/Main-News-Details.aspx?id=353858 BNE Civil Aviation Minister Suresh Prabhu said that Government will soon bring air cargo policy and will be placed before the cabinet for its approval.