NEWS ON AIR 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 ends ended 249 points up at 39,683 BNE Benchmark domestic indices today finished session at record closing highs amid gains in infra and metal stocks, foreign fund inflow and positive cues from global share markets. CBDT extends compliance date of TDS for Odisha BNE The Central Board of Direct Taxes, CBDT, has extended the compliance date of Tax Deduction at Source, TDS, for Odisha. ILFS crisis: ED conducts fresh raids in Mumbai BNE The Enforcement Directorate today carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore Infrastructure Leasing & Financial Services, IL&FS, payment default crisis. High-level committee submits its recommendations on crude oil imports BNE A High-Level Committee constituted by the Centre has submitted its recommendations to bring down India’s dependence on crude oil imports. India to grow at 7.1% in FY'20: United Nations' report BNE A report by the United Nations says India's economy is projected to grow at 7.1 per cent in the fiscal year 2020 on the back of strong domestic consumption and investment. CSIR-NPL introduce Redefined International System of Units BNE Council of Scientific and Industrial Research and National Physical Laboratory, CSIR-NPL, today introduced redefined International System of Units for the country, on World Meterology Day. Pakistani rupee tumbles to fresh life-time low against dollar BNE Pakistani rupee tumbled to a fresh life-time low of Rs 150 per dollar today amid rising demand for the greenback. Advisory Council of the 15th Finance Commission meet held today BNE The third meeting of the Advisory Council of the 15th Finance Commission was held in New Delhi today. India’s overall exports registered positive growth of 1.34% in April this year BNE India’s overall exports, combining Merchandise and Services, in April this year is estimated to be around 44 billion US dollars with a positive growth of 1.34 per cent over the April last year. Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning BNE The public sector Indian Bank has registered a loss of 189.77 crore rupees in the last quarter, as compared to its previous quarter. Asian shares fall to three-and-a-half month low BNE Asian shares fell to a three-and-a-half month low amid US-China trade war. Chinese markets that were pummeled in early trade trimmed losses amid signs of state support. India's retail inflation picks up to 2.92% in April BNE Retail inflation rose marginally to 2.92 per cent in April this year, mainly due to the rise in food prices. US hikes tariff on imports from China BNE US President Donald Trump ordered a tariff hike on almost all imports from China after the latest round of talks to end the trade war between the world's two largest economies, ended yesterday without a deal. India's industrial output in March falls 0.1 pc BNE Industrial output growth, IIP, fell 0.1 per cent in March this year as compared to corresponding period of last year due to slowdown in the manufacturing sector. 15th Finance Commission hold meetings with Eminent Economists BNE The 15th Finance Commission held a two-day meeting with eminent economists, top executives of leading banks at RBI headquarters in Mumbai. Farm loan waivers, income support schemes increasing risks to fiscal consolidation of the states: RBI BNE The Reserve Bank of India(RBI) today said that farm loan waivers and income support schemes are increasing risks to fiscal consolidation of the states. Southeast Asian stocks tumble amid US-China trade tensions BNE Domestic stocks today cracked around one per cent in line with global sell-offs, amid renewed fears that trade negotiations between the US and China are on the verge of collapse. RBI imposes fines on PPIs for violating norms BNE The Reserve Bank of India on Friday said that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms. Foreign exchange reserves rise by 4.3 Billion BNE The country's foreign exchange reserves soared by USD 4.368 billion to USD 418.515 billion in the week to April 26. GST collections touch all-time high of over Rs 1.13 lakh crore in April BNE The Goods and Services Tax, GST collection scaled all-time high of over 1.13 lakh crore rupees last month, up from 1.06 lakh crore rupees in the previous month. Rupee appreciated by 32 paise to 69.70 against US dollar in opening trade BNE The rupee appreciated by 32 paise to 69.70 against the US dollar in opening trade Tuesday, amid easing crude prices and weakening of the greenback vis-a-vis some currencies overseas. Share markets closed due to elections in Mumbai BNE In the share market, BSE and NSE indices on Monday remained close for the fourth phase of polling as Mumbaikars are exercising their voting rights RBI divests its entire stake in NABARD and NHB BNE Based on the recommendation of second Narasimham Committee, the Reserve Bank has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (NABARD). RBI puts into circulation Rs 50 banknotes signed by Governor Shaktikanta Das BNE The Reserve Bank of India has put into circulation 50 rupees denomination banknotes signed by its Governor Shaktikanta Das. FPIs remain bullish on Indian markets, pour in Rs 11096 cr in April so far BNE Foreign investors have pumped in a net sum of 11,096 crore rupees into the Indian capital markets in April so far, driven by global and domestic factors. Retail inflation inches up to 2.86% in March BNE Retail inflation saw a marginal rise of 2.86 per cent in March this year on account of increase in prices of food articles and fuel. Govt retains interest rate for General Provident Fund at 8% BNE The government has retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund and other related schemes at 8 per cent for the first quarter of current financial year. Finance Ministry extends last date for filing final sales return for March till April 13 BNE Finance Ministry has extended last date for filing final sales return for March till April 13. Sensex slumps 354 points to end at 38,585 BNE Benchmark indices ended lower tracking negative global cues after IMF cut global growth estimate to 3.3 per cent for this year, amid doubts over US-China trade talks and Brexit outcome. SBI cuts interest rates on home loans BNE The State Bank of India has re-priced home loans up to Rs 30 lakh by 10 basis points. RBI issues norms for banks to set up currency chests BNE Reserve Bank of India(RBI) has come out with guidelines for banks to set up new currency chests, which include minimum area of 1,500 square feet for strong room. Senior US Treasury official David Malpass selected as President of World Bank BNE Senior US Treasury official David Malpass has been selected as President of the World Bank. Rupee appreciates by 12 paise against US dollar BNE The rupee today appreciated by 12 paise to 69.05 against the US dollar in opening trade driven by the weakening of the greenback in overseas markets and higher opening in domestic equities. CBDT rejects report which claims spike in number of I-T stop filers after demonetization BNE Central Board of Direct Taxes (CBDT) has rejected media report which claimed that there had been a spike in the number of income tax stop filers in the year of demonetization. RBI tweaks LCR norms to boost liquidity BNE In a bid to further improve the cash position of banks, RBI has tweaked liquidity coverage ratio (LCR) norms to provide an additional 2 per cent window to lenders. Sensex loses 192 points to close at 38,685 BNE At the stock markets, key indices ended lower for the second straight day today while the rupee posted sharp losses against the dollar. Country's exports will cross 331 billion dollar mark in 2018-19: Prabhu BNE India's exports are expected to reach 32.4 billion dollars in March, the highest in any month so far, on account of healthy growth in sectors such as pharmaceuticals. India likely to grow at 7.2% in current fiscal year: ADB BNE Asian Development Bank, ADB, says India's growth is set to pick up. In its report released today, ADB said India is expected to grow at 7.2 per cent in the current fiscal on strengthening consumption. Sensex closes at 38,877; Nifty drops to 11,644 BNE At the stock markets, the Sensex at the Bombay Stock Exchange lost 180 points, or 0.5 percent, to close at 38,877, today. Sensex rises 185 points; Nifty ends at 11,713 BNE At the stock markets, Sensex hit a fresh all-time high on Tuesday and the rupee posted solid gains against the dollar. SFIO arrests former IL&FS vice chairman for fraudulent conduct BNE The Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs has arrested former vice chairman of crisis-hit IL&FS for fraudulent conduct and causing wrongful loss to the company and its creditors. RBI to unveil this fiscal's first bi-monthly policy decision today BNE The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will meet for the new fiscal's first bi-monthly monetary policy today. Reserve Bank to inject USD 5 billion more liquidity into banking system BNE The Reserve Bank of India, RBI yesterday said it will inject long-term liquidity worth 5 billion US Dollars into the banking system through a dollar-rupee buy-sell swap for a tenure of three years on April 23. Bank of Baroda becomes 2nd largest state-owned lender after merging Dena Bank & Vijaya Bank into it BNE Bank of Baroda (BoB) today became the second largest state-owned lender after merging Dena Bank and Vijaya Bank into it as part of the first three-way amalgamation. RBI directs banks dealing with govt business to keep their branches open today BNE The RBI has directed banks dealing with government business to keep their branches open today, as it is the last day of the current financial year. GST Authority clarifies on change/transfer in ownership of sole proprietorship BNE The Goods and Services Tax, GST Authority has clarified that transfer or change in the ownership of business will include transfer or change in the ownership of business due to death of the sole proprietor. Govt decides to infuse around Rs 5000 Cr into Bank Of Baroda BNE The government has decided to infuse around five thousand crore rupees into state-owned Bank of Baroda ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with Bank of Baroda. Sensex up by 205 points to trade at 38,439 BNE The benchmark BSE Sensex jumped 205 points to trade at 38,439 in early deals today.