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 relaxes KYC norms for foreign investors http://newsonair.nic.in/Main-News-Details.aspx?id=353140 BNE Securities and Exchange Board of India, SEBI has issued revised Know Your client (KYC) norms, providing relief to foreign portfolio investors, FPI. Centre to extend SMS facility for filing nil returns by dealers registered under GST: Hasmukh Adhia http://newsonair.nic.in/Main-News-Details.aspx?id=353134 BNE Union Revenue Secretary Hasmukh Adhia said the centre has decided to extend SMS facility for filing nil returns by dealers registered under the Goods and Services Tax (GST) regime in the event of no tax liability. Sensex ends 280 pts down; Nifty below 11,150 http://newsonair.nic.in/Main-News-Details.aspx?id=352970 BNE The Sensex at the Bombay Stock Exchange witnessed a lot of volatility today and the BSE closed 280 points below at 36,842 mark. World Bank approves Country Partnership Framework for India to support its transition to higher middle- income country http://newsonair.nic.in/Main-News-Details.aspx?id=353111 BNE World Bank Board has endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth. US tourists to India increased by over 6 pc: Tourism Ministry http://newsonair.nic.in/Main-News-Details.aspx?id=353093 BNE Tourist footfalls from the US to India in 2017 have increased by over six per cent as compared to previous year. IMF warns tariffs could come at significant economic cost http://newsonair.nic.in/Main-News-Details.aspx?id=353097 BNE International Monetary Fund (IMF) has warned that worsening trade tensions and exchange of tariffs could cause significant economic cost to the global economy. BSE, NSE to conduct mock trading in commodity derivatives segments on Saturday http://newsonair.nic.in/Main-News-Details.aspx?id=353078 BNE Leading stock exchanges BSE and NSE will conduct mock trading in commodity derivatives segments on Saturday in order to familiarise brokers with the trading systems. Iran still 'very important' as US sanctions loom, says OPEC chief http://newsonair.nic.in/Main-News-Details.aspx?id=353016 BNE The Organization of the Petroleum Exporting Countries, OPEC today said, Iran remains a very important member of the oil cartel as Tehran braces for a new round of US sanctions, partially targeting its crude exports. Centre proposes to amalgamate Bank of Baroda, Vijaya Bank and Dena Bank http://newsonair.nic.in/Main-News-Details.aspx?id=352983 BNE The government has proposed amalgamation of Bank of Baroda, Vijaya Bank, and Dena Bank to create India’s 3rd largest globally competitive Bank. India's exports record faster growth to touch three-month high of over 19% in August http://newsonair.nic.in/Main-News-Details.aspx?id=352880 BNE The country's exports rose at the fastest pace in three months to reach 27.84 billion US dollars in August Exports rise at fastest pace in 3 months in August http://newsonair.nic.in/Main-News-Details.aspx?id=352867 BNE The country's exports rose at the fastest pace in three months to reach 27.84 billion US dollars in August on account of healthy growth in petroleum products, engineering, pharma, and gems and jewellery shipments. Wholesale inflation drops to four-month low of 4.53% in August http://newsonair.nic.in/Main-News-Details.aspx?id=352855 BNE Inflation based on wholesale prices eased to a four-month low of 4.53 per cent in August on softening of prices of food articles, especially vegetables. Commerce Minister Suresh Prabhu invites Russian companies to explore business opportunities in India http://newsonair.nic.in/Main-News-Details.aspx?id=352821 BNE India has invited Russian companies to explore business opportunities in the country and strengthen bilateral economic ties. Index of Industrial Production for July 2018 higher by 6.6% as compared to last year http://newsonair.nic.in/Main-News-Details.aspx?id=352808 BNE Quick Estimates of Index of Industrial Production, IIP for the month of July 2018 was 6.6 percent higher compared to same period last year. Retail inflation fell to 10-month low of 3.69 per cent in August http://newsonair.nic.in/Main-News-Details.aspx?id=352794 BNE Retail inflation fell to a 10-month low of 3.69 per cent in August on the back of easing prices of fruits, vegetables and other food items. Retail inflation falls to 10-month low of 3.69% in August http://newsonair.nic.in/Main-News-Details.aspx?id=352784 BNE Retail inflation fell to a 10-month low of 3.69 per cent in August on the back of easing prices of fruits, vegetables and other food items. Sensex ends 305 pts higher, Nifty at 11,370 http://newsonair.nic.in/Main-News-Details.aspx?id=352775 BNE The benchmark domestic stocks today witnessed gains after losing more than two per cent in last two sessions. Sensex falls 509 points http://newsonair.nic.in/Main-News-Details.aspx?id=351158 BNE The benchmark domestic stocks today plunged more than one per cent for the second day this week amid mixed global share markets. India is on verge of leading one of most exciting transformations in history of transportation: NITI Aayog Vice Chairman http://newsonair.nic.in/Main-News-Details.aspx?id=352648 BNE Vice Chairman of NITI Aayog Dr Rajiv Kumar has said that India is on the verge of leading one of the most exciting transformations in the history of transportation. IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15 per cent http://newsonair.nic.in/Main-News-Details.aspx?id=352603 BNE The Insurance Regulatory and Development Authority of India today said it will set the timeline to reduce LIC's shareholding in IDBI Bank from 51 per cent to 15 per cent. Mobility is the next frontier and will be a key driver of jobs in India: NITI Aayog CEO Amitabh Kant http://newsonair.nic.in/Main-News-Details.aspx?id=352588 BNE NITI Aayog CEO Amitabh Kant has said mobility is the next frontier and will be a key driver of jobs in India. Monetary limit for filing cases in DRT doubled to Rs 20 lakh http://newsonair.nic.in/Main-News-Details.aspx?id=352564 BNE The government today doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. FM Jaitley attributes fall in rupee to global factors http://newsonair.nic.in/Main-News-Details.aspx?id=352540 BNE Finance Minister Arun Jaitley has attributed the fall in rupee to global factors and said there is no need for panic or knee-jerk reactions. FM remains non committal on cutting excise duty as petrol diesel prices http://newsonair.nic.in/Main-News-Details.aspx?id=352542 BNE Finance Minister Arun Jaitley has remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices saying international oil prices are volatile and have not shown any linear movement. GeM transactions to reach USD 100 bn in next 3 yrs: Suresh Prabhu http://newsonair.nic.in/Main-News-Details.aspx?id=352518 BNE Commerce and Industry Minister Suresh Prabhu on Wednesday said that government's electronic marketplace, GeM, in the next 3 years transactions will reach 100 Billion Dollars. GST annual return forms for FY18 notified http://newsonair.nic.in/Main-News-Details.aspx?id=352475 BNE Finance ministry has notified annual tax return forms for businesses registered under the GST, in which details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal have to be provided in a consolidated manner. ITRs filed so far this year register 71% rise compared to corresponding period last year http://newsonair.nic.in/Main-News-Details.aspx?id=352380 BNE The filing of Income Tax Returns has registered an upsurge of around 71 per cent upto the 31st of August as compared to the corresponding period of last year. GST collection for Aug stands at around Rs 94,000 cr; slightly lower than GST collected in July http://newsonair.nic.in/Main-News-Details.aspx?id=352382 BNE The total GST collection for August this year stood at around 94 thousand crore rupees which is slightly lower than the GST collected in July. India's economic growth of 8.2% is outcome of reforms undertaken by govt: Industry bodies http://newsonair.nic.in/Main-News-Details.aspx?id=352353 BNE Industry bodies today said India's economic growth of 8.2 per cent in the April-June quarter is an outcome of reforms undertaken by the government in the last four years. NCLT clears way for mega merger of Vodafone India and Idea Cellular http://newsonair.nic.in/Main-News-Details.aspx?id=352326 BNE The mega merger of Vodafone India and Idea Cellular has been cleared by National Company Law Tribunal (NCLT), paving the way for the creation of India's largest telecom operator worth over 23 billion US dollar with a 35 per cent market share. Income-tax returns filed so far this year register 60 per cent rise compared to corresponding period last year http://newsonair.nic.in/Main-News-Details.aspx?id=352316 BNE The Income Tax Returns filed this year so far has crossed the five crore mark, a rise of over 60 percent compared with filings a year ago. Officials said, this points to improved compliance which augurs well for government finances. India, ADB sign 346M loan agreement to improve State highways in Karnataka http://newsonair.nic.in/Main-News-Details.aspx?id=352310 BNE India and Asian Development Bank have signed 346 Million dollar loan agreement to improve over 400 kilometers of State highways in Karnataka. Finance Ministry, in a release said, it will enhance connectivity and access to economic centres across 12 districts in Karnataka. Rupee declines 15 paise to close at record Rs 70.74 against dollar http://newsonair.nic.in/Main-News-Details.aspx?id=352303 BNE Extending its fall to a second straight session, the rupee declined 15 paise to close at a record 70 rupees and 74 paise against the dollar today. India's economic growth rate to grow at 7.4 % in current financial year: RBI http://newsonair.nic.in/Main-News-Details.aspx?id=352254 BNE The Reserve Bank expects India's economic growth rate to grow at 7.4 per cent in the current financial year on pick up in industrial activity and good monsoon. Demonetisation of high value currency notes achieved its objective quite substantially: Govt http://newsonair.nic.in/Main-News-Details.aspx?id=352256 BNE The Government has said that demonetisation of high value currency notes achieved its objective quite substantially and there is no cash crunch in any part of the country. RBI says transfer of surplus to govt rose by 63.08% to Rs 50,000 cr during financial year ended June 30, 2018 http://newsonair.nic.in/Main-News-Details.aspx?id=352240 BNE The Reserve Bank of India in Mumbai today said that transfer of surplus to the government rose by 63.08 per cent to Rs 50,000 crore during the financial year ended June 30, 2018. India's foodgrain output to touch all-time high of over 284 mn tonnes in 2017-18 http://newsonair.nic.in/Main-News-Details.aspx?id=352188 BNE The country's foodgrain production is estimated to grow to an all-time high of over 284 million tonnes in the 2017-18 crop year ending June, driven by record output in wheat, rice, coarse cereals and pulses after a normal monsoon. FDI in country rises 23 % to about 13 bn dollars in first quarter of this fiscal http://newsonair.nic.in/Main-News-Details.aspx?id=352132 BNE Official data shows that Foreign Direct Investment, FDI in India rose 23 percent, to 12.8 billion dollars during the April to June quarter of this fiscal. FM Arun Jaitley says Indian economy has transformed since the NDA came to power http://newsonair.nic.in/Main-News-Details.aspx?id=352110 BNE Finance Minister Arun Jaitley has said that the Indian economy has undergone a transformation ever since the NDA came to power in 2014, as borne out by the IMF report. SBI expects 10% credit growth in FY19, hopes to bounce back into profits http://newsonair.nic.in/Main-News-Details.aspx?id=352019 BNE State Bank of India today said it has 'set its house in order' and the credit growth is expected to see 10 per cent growth by the end of the current fiscal. No ATM to be replenished with cash after 9 pm from next year http://newsonair.nic.in/Main-News-Details.aspx?id=351815 BNE No ATM will be replenished with cash after 9 PM in cities and 6 PM in rural areas from next year. India has comfortable forex reserves to deal with any undue volatility in currency market: Jaitley http://newsonair.nic.in/Main-News-Details.aspx?id=351559 BNE Union Minister Arun Jaitley today said, India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market. Rupee closes four paise up at Rs 69.90 against dollar http://newsonair.nic.in/Main-News-Details.aspx?id=351519 BNE Rupee at forex market closed four paise up at 69 rupees and 90 paise against the dollar from yesterday's lifetime low close. Wholesale inflation eases to 5.09 per cent in July on account of cheaper food articles http://newsonair.nic.in/Main-News-Details.aspx?id=351458 BNE Wholesale inflation eased to 5.09 per cent in July on account of cheaper food articles, especially fruits and vegetables, government data showed today. Sebi comes out with list of 1,677 defaulters http://newsonair.nic.in/Main-News-Details.aspx?id=351436 BNE The Securities and Exchange Board of India (SEBI) has come out with a list of as many as 1,677 entities, including individuals, who failed to pay penalties imposed by the market regulator till the end of May. RBI net sells USD 6.184 bn of US currency in June http://newsonair.nic.in/Main-News-Details.aspx?id=351412 BNE According to data released by Reserve Bank, the apex bank continued to remain net seller of the US currency for the third consecutive month in June this year, after it sold USD 6.184 billion of the US dollar in the spot market. Research of NIAB Hyderabad would contribute towards increase income of farmers: Union Minister Harsh Vardhan http://newsonair.nic.in/Main-News-Details.aspx?id=351381 BNE Union Science and Technology Minister Harsh Vardhan has said that the research of National Institute of Animal Biotechnology (NIAB), Hyderabad would contribute towards increase the income of farmers. Sensex jumps over 200 points to record new high of 37,805 in early trade http://newsonair.nic.in/Main-News-Details.aspx?id=351143 BNE Sensex today jumped over 200 points to record a new high of 37,805 in early trade. Nifty also breached the 11,400 mark.