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 Moody's Investor Service terms centre's decision to cut corporate tax rate as credit positive move BNE Moody's Investors Service today termed the central government's decision to cut corporate tax rate as a credit positive move. US corporate sector lauds Indian govt for slashing IT rate to 25.17% BNE The US corporate sector has lauded the Indian government for substantially slashing the income tax rate to 25.17 per cent. Govt cuts corporate tax rate for domestic investors BNE the government has cut the corporate tax from nearly 35 to about 25 per cent for domestic investors. Sensex jumps 1,921 points; Nifty closes at 11,274 BNE After the announcement, the Sensex at the Bombay Stock Exchange surged 1,921 points, to end at 38,015. Sharp rise in crude oil prices to have limited impact on inflation: RBI Governor BNE Reserve Bank of India (RBI) Governor Shaktikanta Das has said that only a limited impact on inflation is expected in view of spiked crude oil prices amidst the ongoing crisis in Saudi Arabia. Domestic equity indices fall more than one per cent in afternoon trade BNE Domestic equity indices today plunged more than one per cent in afternoon trade. President Ram Nath Kovind calls on Slovenian business delegation to discover economic energy & dynamism of New India BNE President Ram Nath Kovind called upon Slovenian business delegation to discover economic energy and dynamism of New India which has third largest scientific pool of scientists in the world and which attracted 44.3 billion US dollars of Foreign Direct Investment in 2018-19. Wholesale price-based inflation unchanged at 1.08% in August BNE Wholesale price-based inflation was unchanged at 1.08 per cent in August, reinforcing the expectation of a rate cut by the RBI in the October policy review. Sensex slips 262 points; Nifty ends at 11,004 BNE Domestic stock markets today logged losses of around 0.7 per cent amid negative global cues. Oil prices soar after Saudi plant attacks BNE Brent crude jumped 10% to 66.28 Dollar a barrel, while West Texas Intermediate rose 8.9% to 59.75 Dollar in Asian trading. FPIs turn net buyers, pumps Rs 1,841 cr in first half of September BNE Foreign portfolio investors turned net buyers in this month so far, pumping more than 1,800 crore rupees into the capital markets, after remaining sellers for the previous two months. Foreign exchange reserves increased in week to Sept 6 BNE The country's foreign exchange reserves increased by 1.004 billion US dollars to 429.608 billion dollars in the week to September 6. Modi govt's efforts on economic front are visible: Smriti Irani BNE Union Minister Smriti Irani has said that the Modi government's efforts on economic front are visible and asserted that it meets various stake-holders every day to try to find solutions to emerging challenges. World Bank to provide Rs 3,000 crore aid for food parks BNE Union Minister of State for Food Processing Industries Rameswar Teli has said, the World Bank will provide three thousand crore rupees assistance to finance, mini and mega food parks across the country. Railways announce slew of Freight incentives to give boost to economy BNE Indian Railways have announced certain Freight incentives to give a boost to the economy. NDA govt's Key steps to make India 5 trillion economy BNE With an objective to make India a five trillion dollar economy, the NDA government has undertaken several measures to boost the economy. Rupee appreciates by 36 paise to Rs 71.30 against dollar BNE The rupee appreciated by 36 paise to 71 rupees and 30 paise against the US dollar in early trade today as gains in domestic equity market and fresh foreign fund inflows strengthened investor sentiments. 6th India-China Strategic Economic Dialogue concludes BNE The sixth India-China Strategic Economic Dialogue, SED, concluded in New Delhi today. Postal payment bank should be more accessible to underprivileged section: R S Prasad BNE Communication and IT Minister Ravi Shankar Prasad has said that all 440 schemes of Centre and State government related to direct benefit transfer, DBT should ride on India post payment Bank. Ram Vilas Paswan asks bottled water industry to find suitable alternative for single use plastic bottles BNE Food and Consumer Affairs Minister Ram Vilas Paswan has asked manufacturers of packaged drinking water, like Pepsi and Coco Cola, to come up with alternative packaging in the next three days. PNB put up 11 NPA accounts for sale to recover dues of Rs 1,234 cr BNE State-owned Punjab National Bank (PNB) has put up for sale nearly a dozen non-performing assets (NPA) to recover dues of more than 1,234 crore rupees. Mini Conclave of First Investor Summit-2019 is held in Leh BNE After abrogation of Article 370 and 35A, the Mini Conclave of First Jammu and Kashmir Investor Summit-2019 is held in Leh on Thursday. Khadi registered tremendous growth after PM's appeal, says KVIC Chairman BNE The 150th birth anniversary of Father of Nation, Mahatma Gandhi will be celebrated on 2nd of October this year. In 1918 Mahatma Gandhi started his movement for Khadi as relief programme for the poor masses living in India's villages. SEBI Chairman Ajay Tyagi calls for unification of corporate bond market BNE SEBI Chairman Ajay Tyagi has called for unification of corporate bond market with the more widely-traded government securities market to make it easier for investors to enter and exit the market. RBI makes repo-linked interest rates mandatory BNE The Reserve Bank of India has made it mandatory for banks to link all of their new loan products, be it personal, housing or auto to an external benchmark like the policy repo rate. RBI task force calls for central corporate loan contract registry BNE Reserve Bank-constituted task-force on developing a vibrant secondary market for corporate loans has called for setting up a central loan contract registry to remove information asymmetries between buyers and sellers. Growth of eight core sectors slows to 2.1% in July BNE Growth of eight core industries dropped to 2.1 per cent in July mainly due to a contraction in coal, crude oil, natural gas and refinery products, according to an official data. Over 5.65 cr income tax returns filed for assessment year 2019-20 BNE Over five crore 65 lakh Income Tax Returns were filed by taxpayers for the Assessment Year 2019-20. This is 4 per cent more compared to the previous assessment year. FM Nirmala Sitharaman assures not a single job will be lost due to merger of banks BNE Finance Minister Nirmala Sitharaman has categorically said the proposed merger of banks would not lead to any job losses. GST collection in August stands at Rs 98,202 cr BNE GST collection in the month of August stood at 98 thousand 202 crore rupees. In a release, the Finance Ministry said the total number of GSTR 3B Returns filed for the month of July up to 31st of August is around 76 lakh. Gross NPA ratio of banks declined following early resolution of stressed assets: RBI BNE Reserve Bank says early recognition and resolution of stressed assets have helped banks contain their Gross Non-Performing Loans ratio at 9.1 percent down from 11.2 percent a year before. Govt permits 100% FDI in coal mining, associated infrastructure BNE The Union Cabinet has relaxed Foreign Direct Investment rule for foreign single-brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Fault lines exposed in MF industry, several risky investments made for higher yields: SEBI Chief BNE Securities and Exchange Board of India - SEBI Chairman Ajay Tyagi has asked mutual fund companies to play as per rules and stop compromising on safety of investor’s money. Sensex zooms 793 pts, Nifty tops 11K BNE Domestic stock markets registered gains for a second day today amid positive global cues. RBI to transfer Rs 1.76 lakh cr as dividend, surplus reserve to govt BNE The Reserve Bank of India(RBI) has decided to transfer 1.76 lakh crore rupees as dividend and surplus reserve to the government. MSME, KVIC together contributes 29th pc to country’s growth: Nitin Gadkari BNE Union Minister for Micro, Small & Medium Enterprises and Road Transport & Highways Nitin Gadkari said today, the MSME and Khadi Village Industries Commission (KVIC) together contributes 29th pc to country’s growth and 40 pc to the export. Govt extends last date for furnishing of annual return in form GSTR-9 BNE The Government has extended the last date for furnishing of annual return in form GSTR-9 or form GSTR-9A and reconciliation statement in FORM GSTR-9C for the financial year 2017-18 to 30th November 2019. No shortage of pulses in country, says govt BNE The government today said that there is no shortage of pulses in the country. Multi-sectoral, multi-dimensional policy stimulus will boost stability, growth: CII BNE Industry body Confederation of Indian Industry (CII) has said that the multi-sectoral and multi-dimensional policy stimulus announced last week will have significant impact, imparting stability and underpinning a new growth impetus for India. Sitharaman asks CCI to ensure that Indian enterprises are not subjected to abuse from entities overseas BNE Finance Minister Nirmala Sitharaman has asked the Competition Commission of India, CCI to ensure that Indian enterprises are not subjected to abuse from entities overseas. Sensex declined by 345 points in early session BNE Sensex declined by 345 points in early session today. The 30-share index dropped 345 points to trade at 36,127. Nifty dropped 94 points to 10,647. CBDT says small start-ups with turnover upto Rs 25 cr to continue to get promised tax holiday BNE The Central Board of Direct Taxes (CBDT) has clarified that small start-ups with turnover upto 25 crore rupees will continue to get the promised tax holiday as specified in the section of the Income Tax Act. SEBI announces reward of Rs 1 crore to insider trading informants BNE The Securities and Exchange Board of India (SEBI) has announced a reward of upto one crore rupees for informants willing to provide credible information regarding insider trading cases. Sensex marginally by six points; Rupee depreciates by 25 paise BNE Domestic equity benchmarks were trading almost flat in afternoon trade amid mixed cues from Asian stocks. Sensex at Bombay Stock Exchange was up marginally by six points to trade at 37,408. Divergently, Nifty at National Stock Exchange was trading marginally down by 11 points at 11,043. RBI Guv Shaktikanta Das rules out asset quality review of NBFCs BNE RBI governor Shaktikant Das has ruled out ordering an asset quality review of the large NBFCs but he reiterated the regulatory resolve to not let any large NBFC fail. Sensex up by 39 points; Nifty adds 18 points BNE Domestic equity benchmarks today closed with marginal gains amid positive cues form global stocks. European markets fall sharply today BNE The European markets fell sharply today after China's announcement that the US intent to impose fresh tariffs violates a consensus between President Trump and Xi Jinping. Exports rise by 2.25% to 26.33 billion US dollar in July BNE India's exports grew by 2.25 per cent to 26.33 billion US dollar in July this year.