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 India ranks 76th on WEF global Energy Transition index BNE India has moved up two places to rank 76th on a global energy transition index. Sensex ends at 38,165; Nifty settles at 11,457 BNE Benchmark domestic indices today closed with losses snapping winning rally of eight sessions. Sensex gains 71 points to close at 38,095 BNE Rising for the sixth straight session, the Sensex at the Bombay Stock Exchange gained 71 points, or 0.2 percent, to close at 38,095. GST Council to meet tomorrow BNE The Goods and Services Tax, GST Council will meet in New Delhi tomorrow. India's trade deficit narrows; exports up by 2.44%, imports decline by 5.4% BNE India's trade deficit narrowed in the month of February this year to 9.6 billion dollars. Inflation, based on wholesale prices rises to 2.93 % in February BNE Inflation, based on wholesale prices, rose to 2.93 per cent in February. Govt releases national guidelines on responsible business conduct BNE Ministry of Corporate Affairs has released national guidelines on responsible business conduct. Sensex surges 217 points; Nifty ends at 11,342 BNE Benchmark domestic stocks Wednesday closed with gains for the third straight session. Sensex and Nifty, both, rallied even as cues from global stocks were negative. RBI to infuse Rs 12,500 crore via OMOs BNE The Reserve Bank of India, RBI has said it will infuse 12,500 crore rupees into the system through open market operations (OMOs) tomorrow. Industrial growth slows to 1.7% in January 2019 BNE Industrial output growth stood at 1.7 per cent in January this year on account of slowdown in the manufacturing sector. Sensex shoots up 481 points; Nifty reclaims 11300-level BNE Benchmark domestic stocks Tuesday surged more than one per cent extending previous session's gains. Sensex surges 383 points; Nifty closes at 11,168 BNE Benchmark domestic stocks Monday closed with gains of more than one per cent amid Positive cues from Asian markets. World Bank to provide 250 Million dollar for NRETP to boost Rural incomes in India BNE World Bank to provide 250 Million dollar for the National Rural Economic Transformation Project (NRETP) to boost Rural Incomes across 13 States in India. Govt committed to facilitate trade, industry in country: Jaitley BNE Finance and Corporate Affairs Minister Arun Jaitley today said the government is committed to facilitate trade and industry in the country so that the momentum of the growth continues to move up. Govt fixes sugar sale quota for March BNE The government has fixed sugar sale quota for the month of March. Sugar mills can sell 24.5 lakh tonne of the sweetener in the open market in the current month. India signs loan agreement with World Bank Uttarakhand Disaster Recovery Project BNE India today signed a loan agreement with the World Bank for 96 Million US dollars for additional financing of Uttarakhand Disaster Recovery Project. Indian economy expected to grow at 7.3% in 2019-20: Moody's BNE Indian economy is expected to grow at 7.3 per cent in calendar years 2019 and 2020, the US-based rating agency Moody's said on Friday. Centre,ADB sign 926 million loan agreement to operationalize two lines of Mumbai Metro BNE The Centre and the Asian Development Bank (ADB) have signed a 926 million dollar loan agreement to operationalize two lines of the Mumbai Metro Rail System. GST collection in February stands at Rs 97,247 cr BNE The GST collection in the month of February stood at 97 thousand 247 crore rupees. However, the collection in previous month was over one lakh crore rupees. RBI, Bank of Japan sign Bilateral Swap Arrangement BNE Reserve Bank of India and Bank of Japan have signed a Bilateral Swap Arrangement (BSA). I India, Italy should make concerted effort to promote bilateral trade: Prabhu BNE Commerce and Industry Minister Suresh Prabhu has said India and Italy should make a concerted effort to promote and expand bilateral trade between the countries. Country's goods, services exports to cross 500 billion dollars during current fiscal: Suresh Prabhu BNE The country's goods and services exports will cross 500 billion dollars during the current fiscal despite challenges being faced on the global trade front. Govt given more emphasis on enhancing energy production in country, reducing import bill on it: Dharmendra Pradhan BNE Petroleum and Natural Gas Minister Dharmendra Pradhan today said, the government has given more emphasis on enhancing energy production in the country and reducing import bill on it. Indian Chamber of Commerce in Korea ICCK and India Forum organizes joint seminar in Seoul BNE The Indian Chamber of Commerce in Korea (ICCK) and India Forum organized a joint seminar in Seoul to strengthen the economic relationship between India – Korea. Govt to infuse Rs 48,239 crore in 12 public sector banks BNE The government has approved recapitalisation of Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans. Sensex slips 146 points; Nifty settles at 10,604 BNE Domestic stocks on Tuesday closed with losses for the ninth straight session. Sensex surges 230 points to trade at 35,729 today BNE Domestic share markets today logged gains in afternoon trade, snapping a losing streak of eight sessions. RBI to give Rs 28,000 cr to Centre as dividend BNE The Reserve Bank has announced that it will transfer an interim surplus of 28,000 crore rupees to the central government for the half-year ended 31st December 2018. FPIs pour Rs 5,300 cr into equities in Feb so far BNE Foreign investors have put in over 5,300 crore rupees into the Indian equity market in the first half of this month, primarily on account of a positive view on the Interim Budget 2019-20. India raises customs duty to 200 pc on all goods imported from Pakistan BNE India has raised the basic customs duty to 200 per cent on all goods imported from Pakistan with immediate effect following withdrawal the Most Favoured Nation, MFN status in the aftermath of the Pulwama terror attack. WPI inflation falls to 10-month low of 2.76% in January BNE Inflation based on wholesale prices fell to a 10-month low of 2.76 per cent in January over the previous month on softening prices of fuel and some food items. Sensex declines 120 points; nifty closes at 10,794 BNE Domestic stocks on Wednesday closed with losses for the fourth session in a row even as global cues were positive. Both stocks lost more than 0.3 per cent. RBI penalises banks for violating various norms BNE Reserve Bank has imposed monetary penalty of two million rupees each on HDFC Bank, IDBI Bank and Kotak Mahindra Bank for non-compliance of various Know Your Customer/ Anti-Money Laundering norms. Retail inflation declines to 2.05 per cent in January BNE Retail inflation declined to 2.05 per cent in January 2019 mainly on account of sliding prices of fruits, vegetables and fuel. Industrial growth remains subdued at 2.4 per cent in December BNE Industrial output growth remained subdued at 2.4 per cent in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector. Sensex falls 57 points to trade at 36,338 BNE Domestic stocks today witnessed marginal losses in afternoon trade for third session in row even as global cues were positive. Bankers welcome 25 basis point rate cut announced by RBI BNE Bankers have welcomed the 25 basis point rate cut announced by the RBI in the sixth bi-monthly monetary policy review yesterday. RBI cuts repo rate, reverse repo rate in its bi-monthly monetary policy BNE Reserve Bank of India in its bi-monthly monetary policy has reduced repo rate by 25 basis points to 6.25 per cent. Rupee strengthens 11 paise to Rs 71.46 against USD BNE The rupee today strengthened 11 paise to 71 rupees and 46 paise against the US dollar. RBI raises collateral-free farm loan limit to Rs 1.6 lakh BNE RBI Governor Shaktikanta Das today announced that the limit of collateral free agricultural loans has been increased from one lakh to 1.6 lakh. Sensex climbs 34 points to end at 36,617 BNE Benchmark domestic stocks today closed marginally higher logging gains for fourth straight session. Petrol prices fell for 5th straight day, Diesel became cheaper BNE Petrol prices fell for the fifth straight day today following the daily revision in fuel prices. Petrol prices in all the metro cities fell between 10 to 16 paise per litre while diesel became cheaper by 8 to 12 paise. RBI policy, quarterly results key drivers for markets this week: Experts BNE The RBI's policy meet outcome, ongoing quarterly results season and global cues may set the tone for the stock markets in next business week. Analysts said that the markets may also see an overhang of the interim budget announcements. FPIs pull out Rs 5,300 crore from capital markets in January BNE Foreign Portfolio Investors, FPIs, withdrew over 5,300 rupees crore from the Indian capital markets in January, indicating their 'wait and watch' approach ahead of the general elections. Sovereign Gold Bond Scheme 2018-19 (Series 6) to be opened from Monday BNE The Sovereign Gold Bond Scheme 2018-19 (Series 6) will be opened from Monday. GST revenue collection for January 2019 crossed one lakh crore rupees BNE The total gross GST revenue collection in the last month, was over One Lakh Crore rupees of which Central Goods & Services Tax, CGST, is 17,763 crore rupees and State Goods & Services Tax, SGST, is 24,826 crore rupees. TVS Motor reports 4 % sales growth in January 2019 BNE Two-wheeler maker, TVS Motor today reported a 4 per cent rise in total sales at 2 lakh 82 thousand 630 units in January as against 2 lakh 71 thousand 801 units in the same month last year. Department of post to soon set up its own insurance company BNE Department of post will soon set up its own insurance company which will deal with its business of two products Postal life insurance and Rural Postal Life Insurance.