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 SEBI permits stock exchanges to introduce futures on commodity indices http://newsonair.nic.in/Main-News-Details.aspx?id=365104 BNE Capital markets regulator SEBI today permitted stock exchanges with commodity derivative segment to introduce futures on indices. Oil prices fell for second day http://newsonair.nic.in/Main-News-Details.aspx?id=365101 BNE Oil prices today fell for second day on signs that global economic growth is being hit by the U.S.-China trade war, though losses were capped by Middle East tensions after last week’s tanker attacks. India can boost exports of 350 products to US, China amid trade war: Study http://newsonair.nic.in/Main-News-Details.aspx?id=364998 BNE A study by the Commerce Ministry has said, the ongoing trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries. FPIs remain net buyers in June, invest 11,132 crore rupees http://newsonair.nic.in/Main-News-Details.aspx?id=364995 BNE Foreign investors remained net buyers in the domestic capital markets in June, pouring in a total of 11,132 crore rupees on a net basis this month so far. Exports up 3.93% in May; trade deficit widens to 15.36 bn dollars http://newsonair.nic.in/Main-News-Details.aspx?id=364916 BNE India's exports grew by 3.93 per cent to around 30 billion dollars in May on account of healthy growth in sectors such as chemicals, pharmaceuticals and engineering. FDI flows to India grew 6% in 2018 to 42 billion: UN report http://newsonair.nic.in/Main-News-Details.aspx?id=364844 BNE A UN report said, Foreign Direct Investment to India grew by 6 percent to 42 billion dollars in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and cross-border merger and acquisition activities. Sensex drops 186 points to trade at 39,571; Nifty to trade at 11,851 http://newsonair.nic.in/Main-News-Details.aspx?id=364711 BNE At the stock markets, the Sensex at the Bombay Stock Exchange dropped 186 points, or 0.5 per cent, to trade at 39,571, a short while ago. Sensex falls 194 points to end at 39,757 http://newsonair.nic.in/Main-News-Details.aspx?id=364779 BNE Domestic stocks today declined around half a per cent amid negative global cues. RBI constitutes committee to review ATM pricing http://newsonair.nic.in/Main-News-Details.aspx?id=364746 BNE The Reserve Bank of India has constituted a six-member committee to review the entire gamut of ATM charges and fees. RBI waives off charges for transactions using NEFT, RTGS http://newsonair.nic.in/Main-News-Details.aspx?id=364742 BNE With an aim to encourage digital transfer of funds, the Reserve Bank has waived off all charges for transactions using National Electronic Funds Transfer - NEFT and Real Time Gross Settlement - RTGS systems. GST council to introduce new GST return system http://newsonair.nic.in/Main-News-Details.aspx?id=364708 BNE The GST Council has decided to introduce a new GST return system to facilitate taxpayers. Sensex up by127 points ; Nifty adds 43 points http://newsonair.nic.in/Main-News-Details.aspx?id=364317 BNE At the stock markets, paring its solid gains posted in the opening session, the Sensex at the Bombay Stock Exchange rose 127 points, or 0.3 percent, to trade at 39,743, a short while ago. India pitches for promoting MSMEs in developing countries http://newsonair.nic.in/Main-News-Details.aspx?id=364626 BNE India today pitched for promoting micro, small and medium enterprises, MSMEs in developing countries as they are important for employment and income generation. Intensifying trade tensions pose risk for global economy: World's top financial policymakers http://newsonair.nic.in/Main-News-Details.aspx?id=364628 BNE The world's top financial policymakers today admitted that intensifying trade tensions pose a risk for the global economy. Imports from Pakistan to India decline by 92% in March http://newsonair.nic.in/Main-News-Details.aspx?id=364618 BNE Imports from Pakistan to India has declined by 92 per cent to 2.84 million US dollars in March this year after imposition of 200 per cent customs duties on all products following Pulwama terror attack. Forex reserves increase by 1.8 billion to 421.8 billion http://newsonair.nic.in/Main-News-Details.aspx?id=364564 BNE The country's foreign exchange reserves increased by USD 1.875 billion to USD 421.867 billion in the week ending May 31. Industry body welcomes RBI decision of reducing the repo rate http://newsonair.nic.in/Main-News-Details.aspx?id=364486 BNE The industry body has welcomed the RBI decision of reducing the repo rate by 25 basis points to 5.75 per cent from six per cent. Piyush Goyal leads Indian delegation to G20 Ministerial meeting in Japan http://newsonair.nic.in/Main-News-Details.aspx?id=364541 BNE Commerce and Industry Minister Piyush Goyal is leading the Indian delegation for the two-day G20 Ministerial meeting on Trade and Digital Economy beginning at Tsukuba city in Japan today. Country should move away from subsidies to easy availability of cheaper credit to exporters, says Piyush Goyal http://newsonair.nic.in/Main-News-Details.aspx?id=364553 BNE Commerce and Industry Minister Piyush Goyal has said, timely and efficient availability of export credit is critical for any trade activity and is one of the key drivers that boost the growth of export. RBI issues new guidelines for resolution of bad loans http://newsonair.nic.in/Main-News-Details.aspx?id=364552 BNE The Reserve Bank has issued a new framework for resolution of bad loans, offering a 30-day gap for stress recognition instead of the one-day default earlier. RBI reduces repo rate by 25 basis points; Industry bodies welcome the decision http://newsonair.nic.in/Main-News-Details.aspx?id=364452 BNE The Reserve bank of India in its bi-monthly monetary policy review today reduced the repo rate by 25 basis points to 5.75 per cent from 6.0 per cent with immediate effect. Azim Premji to retire as Executive Chairman of Wipro in July http://newsonair.nic.in/Main-News-Details.aspx?id=364483 BNE IT Industry icon Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July this year. He led the company for 53 years. RBI pegs inflation rate at 3.0-3.1 % for April-September & 3.4-3.7 % for October-March period http://newsonair.nic.in/Main-News-Details.aspx?id=364468 BNE The RBI has pegged the inflation rate at 3.0-3.1 per cent for April-September and 3.4-3.7 percent for the October-March period. India to grow at 7.5 per cent during next three years: World Bank http://newsonair.nic.in/Main-News-Details.aspx?id=364415 BNE The World Bank has forecast that India's economy is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption. FDI in services sector grows 37 pc to 9.15 bn in 2018-19 http://newsonair.nic.in/Main-News-Details.aspx?id=364437 BNE Foreign direct investment in services sector grew 36.5 per cent to 9.15 billion US dollars in 2018-19 fiscal. RBI releases report on Benchmarking India's Payment Systems http://newsonair.nic.in/Main-News-Details.aspx?id=364405 BNE The report on 'Benchmarking India's Payment Systems’ which was released on Tuesday mentions that the country is "strong" in areas like having necessary laws and cash in circulation per capita. Indian Railways place order for 25 electrical locomotives from BHEL http://newsonair.nic.in/Main-News-Details.aspx?id=364401 BNE Indian Railways have placed a significant order for 25, more energy efficient, retro fitted electrical locomotives from the public sector Bharat Heavy Electricals Limited (BHEL). India, China to account for half of air traffic growth in two decades: IATA http://newsonair.nic.in/Main-News-Details.aspx?id=364279 BNE International Air Transport Association, IATA, has said that India and China are projected to account for nearly half of the air passenger growth worldwide over the next two decades, with travellers coming from all walks of life. Overseas investors pump over Rs 9,000 crore into Indian capital markets in May http://newsonair.nic.in/Main-News-Details.aspx?id=364287 BNE Overseas investors pumped more than 9,000 crore rupees into the Indian capital markets in last month on expectations of more business-friendly measures following the BJP's landslide victory in the general elections. ONGC topples IOC to regain most profitable public sector company http://newsonair.nic.in/Main-News-Details.aspx?id=364278 BNE ONGC, India's top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country's most profitable public sector company. Intensifying US-China trade war to bog down airline profits in 2019: IATA http://newsonair.nic.in/Main-News-Details.aspx?id=364277 BNE The intensifying US-China trade war and rising fuel prices will continue to bog down airline profits this year. GST revenue collection crosses Rs One lakh cr in May http://newsonair.nic.in/Main-News-Details.aspx?id=364229 BNE The GST revenue collection has crossed one lakh crore rupees in May this year, which is a growth of 6.67 per cent over the revenue collected in the same month last year. Forex reserve rises by 1.99 billion to 419.99 billion http://newsonair.nic.in/Main-News-Details.aspx?id=364208 BNE India's foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019. G20 digital tax takes step closer http://newsonair.nic.in/Main-News-Details.aspx?id=364194 BNE Global efforts to impose a unified tax policy on Google, Facebook and other internet giants have cleared a major hurdle ahead of a G20 summit in Japan. GDP growth slows to five-year low at 5.8% in January-March quarter http://newsonair.nic.in/Main-News-Details.aspx?id=364177 BNE India's economic growth rate slowed to five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors. Rupee up by 17 paise to close at 69.70 against dollar http://newsonair.nic.in/Main-News-Details.aspx?id=364175 BNE Snapping its three-session losing streak, the rupee today rose by 17 paise to close at 69.70 against the US dollar on weakening of the greenback in overseas markets and easing crude oil prices. Growth of core infrastructure sectors slows to 2.6 pc in April http://newsonair.nic.in/Main-News-Details.aspx?id=364176 BNE The growth of eight core infrastructure sectors slowed down to 2.6 per cent in April this year, due to negative growth in crude oil, natural gas and fertilizer output. Sensex down by 118 points; ends at 39,714 http://newsonair.nic.in/Main-News-Details.aspx?id=362589 BNE Domestic stocks today closed with modest losses amid negative cues from Asian markets. FICCI survey forecasts India's GDP growth at 7.1% for FY20 http://newsonair.nic.in/Main-News-Details.aspx?id=364148 BNE The country's median GDP is forecast at 7.1 per cent for FY20 and 7.2 per cent for FY 21. RBI extends RTGS timings from 4:30 pm to 6 pm http://newsonair.nic.in/Main-News-Details.aspx?id=364056 BNE To facilitate high-value fund transfers, the Reserve Bank of India (RBI) has announced an extension of timings for customer transactions through Real Time Gross Settlement (RTGS) by one and half hours from 4:30 PM to 06 PM. BHEL net profit jumps 50.7% to Rs 1,215 crore in FY19 http://newsonair.nic.in/Main-News-Details.aspx?id=364000 BNE The public sector giant Bharat Heavy Electricals Limited (BHEL) has posted a quantum jump in profits and has recommended a final dividend of 60% during the financial year 2018 - 19. CBDT extends compliance date of TDS for Odisha http://newsonair.nic.in/Main-News-Details.aspx?id=363848 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 http://newsonair.nic.in/Main-News-Details.aspx?id=363779 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 http://newsonair.nic.in/Main-News-Details.aspx?id=363770 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 http://newsonair.nic.in/Main-News-Details.aspx?id=363766 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 http://newsonair.nic.in/Main-News-Details.aspx?id=363701 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 http://newsonair.nic.in/Main-News-Details.aspx?id=363589 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 http://newsonair.nic.in/Main-News-Details.aspx?id=363530 BNE The third meeting of the Advisory Council of the 15th Finance Commission was held in New Delhi today.