NEWS ON AIR https://newsonair.gov.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 Sensex rises 630 points, Nifty added 205 points this week https://newsonair.gov.in/Main-News-Details.aspx?id=449866 BNE Indian benchmark indices gained one percent and hit record levels in the week that ended yesterday amid positive cues from global markets led by the outcome of Fed minutes stating slower rate hikes, FII buying, F&O expiry, falling US dollar and crude oil prices. Centre releases 17 thousand crore rupees balance GST compensation to states and union territories https://newsonair.gov.in/Main-News-Details.aspx?id=451362 BNE The Centre has released today an amount of 17 thousand crore rupees towards the balance GST compensation to states and union territories for the period April to June this year. Centre amends Natural Gas Tariff, Authorisation and Capacity Regulations to provide gas to far-flung areas at affordable rates https://newsonair.gov.in/Main-News-Details.aspx?id=451365 BNE Centre has amended Natural Gas Tariff, Authorisation and Capacity Regulations to provide access to natural gas in far-flung areas at competitive and affordable rates. India's pharma exports witness 138% growth since 2013 https://newsonair.gov.in/Main-News-Details.aspx?id=451363 BNE India's pharma industry has shown tremendous growth of 90.32 per cent in April-October 2022 as compared to the same period in 2013. Rupee strengthens 22 paise to Rs 81.63 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=451334 BNE In the forex market, the rupee strengthened 22 paise against the US dollar. FM Nirmala Sitharaman holds pre-Budget consultations with experts of social and services sectors https://newsonair.gov.in/Main-News-Details.aspx?id=451304 BNE Finance Minister Nirmala Sitharaman today chaired sixth pre-Budget 2023 consultations with the experts of social sector including health, education, rural development, water and sanitation. Govt gives in-principle approval for 95 more ethanol projects under new window of Ethanol Interest Subvention Schemes https://newsonair.gov.in/Main-News-Details.aspx?id=451262 BNE The government has given in-principle approval for 95 more ethanol projects under the new window of Ethanol Interest Subvention Schemes. India's export of pharma products registers tremendous growth of 138% from April to October 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=451255 BNE India's export of pharma products has registered a tremendous growth of 138 per cent from April to October 2022 over the same period in 2013. India retains lead as top tourism market of Maldives this year https://newsonair.gov.in/Main-News-Details.aspx?id=451248 BNE India has retained its lead as the top tourism market of Maldives this year. Close to two lakh Indian tourists visited Maldives in 2022 so far. FM Nirmala Sitharaman chairs third Pre-Budget 2023 consultation with agriculture experts and representatives https://newsonair.gov.in/Main-News-Details.aspx?id=451209 BNE Union Finance Minister Nirmala Sitharaman chaired third Pre-Budget 2023 consultation with the experts of agriculture and representatives of Agro Processing industry in New Delhi today. Removal of export duties on steel and stainless steel will strengthen that sector of the economy: Jyotiraditya Scindia https://newsonair.gov.in/Main-News-Details.aspx?id=451175 BNE Steel Minister Jyotiraditya Scindia on Monday stated that removal of export duties on steel and stainless steel by government will herald a new era for the nation's steel sector. Rules eased for Shisham timber-based item exporters of India https://newsonair.gov.in/Main-News-Details.aspx?id=451169 BNE On India’s initiative, a proposal to clarify the export quantity of Shisham (Dalbergia sissoo, North Indian rosewood) items such as furniture and artefacts was considered in the ongoing CoP19 meeting in Panama city. Centre launches framework for safeguarding and protecting consumer interest from fake and deceptive reviews in e-commerce https://newsonair.gov.in/Main-News-Details.aspx?id=451165 BNE Centre has launched framework for safeguarding and protecting consumer interest from fake and deceptive reviews in e-commerce. Secretary, Department of Consumer Affairs, Rohit Kumar Singh launched the framework in New Delhi on Monday. Government withdraws export duty on steel https://newsonair.gov.in/Main-News-Details.aspx?id=451096 BNE Government has withdrawn export duty on steel with effect from Saturday. Finance Ministry said Centre has restored the status quo as was prevailing prior to 22nd May this year. 21 members of APEC ministers pledge to keep supply chains, markets open https://newsonair.gov.in/Main-News-Details.aspx?id=451092 BNE The 21 members of the Asia-Pacific Economic Cooperation forum (APEC) ministers pledged to keep supply chains and markets open. India's foreign exchange reserves gained biggest weekly rise in more than year for week ended Nov 11 https://newsonair.gov.in/Main-News-Details.aspx?id=451076 BNE India's foreign exchange reserves gained their biggest weekly rise in more than a year for the week ended November 11. Govt clarifies there is adequate availability of fertilizers in the country to meet needs of farmers during Rabi season https://newsonair.gov.in/Main-News-Details.aspx?id=451039 BNE Government today clarified that there is adequate availability of fertilizers in the country to meet the needs of the farmers during the current Rabi season. Country is fast emerging as the medical tourism hub of the world: Dr. Jitendra Singh https://newsonair.gov.in/Main-News-Details.aspx?id=451000 BNE Science and Technology Minister Dr. Jitendra Singh has said that the country is fast emerging as the medical tourism hub of the world. LPG cylinders will soon have QR code facility: Hardeep Singh Puri https://newsonair.gov.in/Main-News-Details.aspx?id=451001 BNE Liquefied Petroleum Gas(LPG) cylinders will soon have QR code facility which will help regulate the domestic cylinders. Over 250 infrastructure projects examined in last 1 year by using National Master Plan & PM GatiShakti Institutional Structure https://newsonair.gov.in/Main-News-Details.aspx?id=450985 BNE Over 250 infrastructure projects have been examined in the last one year by using the National Master Plan and the PM GatiShakti Institutional Structure. IITF begins with the theme 'Vocal For Local, Local to Global' in New Delhi https://newsonair.gov.in/Main-News-Details.aspx?id=450857 BNE The 41st edition of the India International Trade Fair (IITF) has started at Pragati Maidan in New Delhi today. Commerce and Industry Minister Piyush Goyal inaugurated the fair. Retail inflation eases to 6.77% in October https://newsonair.gov.in/Main-News-Details.aspx?id=450860 BNE Retail inflation, based on the consumer price index (CPI), eases to a three-month low of 6.77 per cent in October this year. Wholesale Price Index inflation in October eases to 8.39 per cent https://newsonair.gov.in/Main-News-Details.aspx?id=450848 BNE Wholesale Price-based Inflation (WPI) for October eased to its lowest level since March 2021. Dropping below the double-digit mark for the first time since March of the year 2021, it eased to 8.39 per cent in October from 10.70 per cent in September. India is going to be global superpower in next 25 years: Piyush Goyal https://newsonair.gov.in/Main-News-Details.aspx?id=450786 BNE Commerce and Industry Minister Piyush Goyal today said the world now recognises that India has arrived and expressed the belief that India is going to be a global superpower in the next 25 years. Dollar pushed to its biggest two-day drop in 13 years https://newsonair.gov.in/Main-News-Details.aspx?id=450778 BNE Global stocks rallied yesterday for a second day in hopes that U.S. inflation would lead to less aggressive interest rate hikes by the Federal Reserve. NTPC's performance, work culture & progress have been commendable: R K Singh https://newsonair.gov.in/Main-News-Details.aspx?id=450774 BNE Power Minister R K Singh today said that NTPC's performance, work culture, and progress have been commendable. He was speaking on the occasion of NTPC’s Raising Day in Delhi. India's Industrial Output jumps 3.1% in September against 0.8% fall in August https://newsonair.gov.in/Main-News-Details.aspx?id=450748 BNE India’s industrial output, as measured by the Index of Industrial Production (IIP), grew 3.1 per cent in September, supported by a double-digit increase in electricity generation. Price of essential commodities reported decline in October this year as compared to previous years: Govt https://newsonair.gov.in/Main-News-Details.aspx?id=450743 BNE The government has said that the price of essential commodities, especially edible oils have reported a decline in October this year as compared to previous years. Finance Minister Nirmala Sitharaman calls for addressing global economic challenges in coordinated manner https://newsonair.gov.in/Main-News-Details.aspx?id=450727 BNE Union Finance Minister Nirmala Sithraman said that QUAD and Indo-Pacific Economic framework have further expanded cooperation between India and USA. She said, India deeply values the relationship with the USA as a trusted partner. Gross Direct tax collections till Nov 10 of this fiscal continue to register steady growth https://newsonair.gov.in/Main-News-Details.aspx?id=450740 BNE Ministry of Finance has said that the provisional figures of Direct Tax collections up to 10th November of this fiscal continue to register steady growth. Over 13.50 lakh farmers benefited from ongoing Kharif Marketing Season procurement operations: Govt https://newsonair.gov.in/Main-News-Details.aspx?id=450738 BNE The government has said that over 13 lakh 50 thousand farmers have already been benefited from the ongoing Kharif Marketing Season procurement operations with MSP value of 47,644 crore rupees. Last date for submission of written comments on Draft Telecom Bill 2022 extended https://newsonair.gov.in/Main-News-Details.aspx?id=450732 BNE Telecom Regulatory Authority of India, TRAI has extended the last date for submission of written comments of stakeholders on Draft Telecom Bill 2022 upto 18th November. Counter comments may be submitted by 2nd December. Rupee strengthened 62 paise against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=450729 BNE In the forex market, the rupee today strengthened 62 paise against the US dollar. The domestic currency closed at 80.78 against the American Unit over its previous close of 81.40. Municipal corporations across India must explore ways to foster alternative and sustainable resource mobilisation through municipal bonds, says RBI https://newsonair.gov.in/Main-News-Details.aspx?id=450677 BNE The Reserve Bank of India today said that municipal corporations across India must explore ways to foster alternative and sustainable resource mobilisation through municipal bonds. 23rd tranche of electoral bonds opens for sale till 15th Nov https://newsonair.gov.in/Main-News-Details.aspx?id=450605 BNE The 23rd tranche of electoral bonds has been opened for sale from today's onwards. It will be opened for sale till 15th of this month. Asian shares mixed amid gains in U.S. stocks and China's zero-COVID policy https://newsonair.gov.in/Main-News-Details.aspx?id=450574 BNE Asian shares on tuesday traded mixed amid gains in the U.S. stocks and investors concern over China's zero-COVID policy. Wall Street ends sharply higher https://newsonair.gov.in/Main-News-Details.aspx?id=450575 BNE Wall Street ended sharply higher yesterday as investors focused on today's midterm elections that will determine control of Congress, while shares of Meta Platforms jumped on a report of job cuts at the Facebook parent. US markets rise after snapping 4 days losing streak https://newsonair.gov.in/Main-News-Details.aspx?id=450445 BNE Snapping four days of a losing streak, US markets rose on 4th November 2022 in volatile trade as investors wrestled with a mixed jobs report and comments from Federal Reserve officials on the pace of interest rate hikes. SBI logs highest-ever quarterly profit at Rs 13,265 cr in 2nd quarter https://newsonair.gov.in/Main-News-Details.aspx?id=450444 BNE The country's biggest bank State Bank of India (SBI) has reported its highest-ever quarterly profit of 13,265 crore rupees for the second quarter ended on the 30th of September. Industry-friendly atmosphere being created by government with holistic approach: Mansukh Mandaviya https://newsonair.gov.in/Main-News-Details.aspx?id=450295 BNE Chemicals and Fertilizers Minister Mansukh Mandaviya inaugurated the 12th Biennial International Exhibition and Conference India Chem 2022 at Pragati Maidan in New Delhi. US Federal Reserve hikes interest rates by another 75 basis points https://newsonair.gov.in/Main-News-Details.aspx?id=450294 BNE US Federal Reserve has hiked the interest rates by another 75 basis points, to a range of 3.75 percent to 4 percent. The reason for the Fed’s hawkish monetary stance this year is inflation. RBI announces liquidator appointed for winding up affairs of Rupee Co-operative Bank Limited https://newsonair.gov.in/Main-News-Details.aspx?id=450287 BNE Reserve Bank of India (RBI) has announced that a liquidator has been appointed for winding up the affairs of Pune based Rupee Co-operative Bank Limited. GST collection in October crosses Rs. 1.50 lakh Crore; 2nd highest monthly collection this year https://newsonair.gov.in/Main-News-Details.aspx?id=450209 BNE The gross GST revenue collected in the month of October 2022 was at 1,51,718 crore rupees, which is the second-highest monthly collection till date. RBI launches pilot project of Digital Rupee in wholesale segment https://newsonair.gov.in/Main-News-Details.aspx?id=450186 BNE The Central Bank Digital Currency (CBDC) or Digital Rupee commenced today in the wholesale segment on pilot basis. All You need to Know about Digital Currency https://newsonair.gov.in/Main-News-Details.aspx?id=450218 BNE Reserve Bank Of India announced its Pilot Launch of Digital Rupee in Wholesale segment (e₹-W) from today i.e. 1st November. Govt set target to increase number of subscribers of EPFO to 10 crores: Bhupender Yadav https://newsonair.gov.in/Main-News-Details.aspx?id=450211 BNE Union Minister for Labour and Employment Bhupender Yadav today said that the government has set a target to increase the number of subscribers of the Employees Provident Fund Organisation(EPFO) from the existing 6.5 crores to 10 crores. EPFO decides to allow withdrawal of accumulations in EPS-95 for subscribers https://newsonair.gov.in/Main-News-Details.aspx?id=450195 BNE Employees Provident Fund Organisation (EPFO) has decided to allow withdrawal of accumulations in Employees' Pension Scheme 1995 (EPS-95) for those subscribers who have only less than six months of service left. RBI to launch pilot project of Digital Rupee in wholesale segment tomorrow https://newsonair.gov.in/Main-News-Details.aspx?id=450161 BNE The Reserve Bank of India will launch the pilot project of Digital Rupee in the wholesale segment tomorrow. Digital Rupee will be used for settlement of secondary market transactions in government securities. NHAI InvIT Non-Convertible Debentures listed on BSE https://newsonair.gov.in/Main-News-Details.aspx?id=450005 BNE Union Minister for Road Transport and Highways, Mr. Nitin Gadkari rang the opening bell at Bombay Stock Exchange, BSE on Friday morning to mark the listing of Non-Convertible Debentures of National Highways Authority of India Infrastructure Investment Trust- NHAI InvIT. Musical instruments' exports rise to Rs 172 crore in Apr-Sept https://newsonair.gov.in/Main-News-Details.aspx?id=449950 BNE India's musical instruments exports have increased to 172 crore rupees during April-September this fiscal against the 49 crore rupees in the same period of 2013-14. Hindustan Copper Limited pays over Rs 74 crore dividend to government for FY'22 https://newsonair.gov.in/Main-News-Details.aspx?id=449923 BNE Hindustan Copper Limited today has paid a dividend of more than 74 crore rupees to the union government for the financial year 2021-22. This is equivalent to over 23 percent of equity share capital. BSE, NSE conduct muhurat trading on occasion of Diwali marking beginning of Samvat 2079 https://newsonair.gov.in/Main-News-Details.aspx?id=449849 BNE The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) conducted muhurat trading on the occasion of Diwali, marking the beginning of Samvat 2079. Indian equity market regains momentum and rises over 2 pc in week ended on Friday https://newsonair.gov.in/Main-News-Details.aspx?id=444142 BNE The Indian equity market regained momentum and rose more than 2 percent in the week ended on Friday. CCI imposes penalty of over one thousand 337 crore rupees on Google for abusing dominant position https://newsonair.gov.in/Main-News-Details.aspx?id=449678 BNE The Competition Commission of India (CCI) has imposed a penalty of over one thousand 337 crore rupees on Google for abusing its dominant position in multiple markets. FCI to construct over one hundred 11 Lakh mt modern steel silos in 12 States https://newsonair.gov.in/Main-News-Details.aspx?id=449601 BNE Food Corporation of India (FCI) has planned to construct over one hundred 11 Lakh Metric Tonnes capacity modern steel silos at 249 locations in 12 States. Mineral production records 4.2% cumulative growth during April- August https://newsonair.gov.in/Main-News-Details.aspx?id=449602 BNE Mineral production of the country has recorded 4.2 percent cumulative growth during the period April- August this fiscal year over the corresponding period of the previous year. Govt approves increase in Minimum Support Price for all Rabi Crops for Marketing Season 2023-24 https://newsonair.gov.in/Main-News-Details.aspx?id=449537 BNE The Union Cabinet on Tuesday approved an increase in the Minimum Support Price (MSP) for all Rabi Crops for the Marketing Season 2023-24. India’s overall exports in September 2022 shows growth of 10.24% over same period last year https://newsonair.gov.in/Main-News-Details.aspx?id=449382 BNE Commerce and Industry Ministry has said that India’s overall exports in September this year are estimated to be 61.10 billion US dollar showing a growth of 10.24 percent over the same period last year. India's forex reserves rise USD 204 million to USD 532.868 billion https://newsonair.gov.in/Main-News-Details.aspx?id=449379 BNE India's forex reserves rose by 204 million to 532.868 billion US dollar for the week ended October 7 on an increase in the value of gold holdings. WPI inflation eases to 10.7 percent in September; Food inflation eases to 8.08 percent https://newsonair.gov.in/Main-News-Details.aspx?id=449342 BNE Wholesale price-based inflation eased to 18 month low of 10.7 per cent in September as compared to 12.41 per cent in preceding month. World Bank warns that global economy close to recession https://newsonair.gov.in/Main-News-Details.aspx?id=449320 BNE World Bank President David Malpass has warned that the global economy is dangerously close to a recession and called for targeted support for the poor. Rupee weakens 7 paise to trade at Rs 82.39 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=449296 BNE In the forex market, the rupee weakened seven paise to trade at 82 rupees and 39 paise against the US dollar in afternoon deals. Retail inflation rises to 7.41 per cent in September https://newsonair.gov.in/Main-News-Details.aspx?id=449264 BNE Retail inflation, based on the consumer price index (CPI), rose to 7.41 per cent in September this year compared to seven per cent in preceding month. IIP witnesses contraction of 0.8% in August against growth of 2.4% in July https://newsonair.gov.in/Main-News-Details.aspx?id=449257 BNE The Index of Industrial Production (IIP) witnessed contraction of 0.8 percent in August against growth of 2.4 percent in July this year. India to set up fast track mechanism to resolve issues faced by Indian investors in UAE https://newsonair.gov.in/Main-News-Details.aspx?id=449195 BNE India has decided to set up Fast Track Mechanism in UAE to resolve issues faced by Indian businesses and investors in UAE. Coal Ministry issues Allocation Order for 12 Coal Mines https://newsonair.gov.in/Main-News-Details.aspx?id=449185 BNE The Ministry of Coal has issued Allocation Order for 12 Coal Mines. The cumulative Peak Rated Capacity (PRC) of the 12 coal mines for which orders have been issued is 21 million tonnes per annum and Geological Reserve is 2300 million tonnes. Crude oil prices fall snapping winning streak of 5 straight days https://newsonair.gov.in/Main-News-Details.aspx?id=449141 BNE Crude oil prices today fell snapping winning streak of five straight days. The crude prices decline around one percent as investors looked to slowing economic activity in China which revived concerns about a global recession and falling global fuel demand. Gold prices loses 685 rupees at Multi Commodity Exchange for December contracts https://newsonair.gov.in/Main-News-Details.aspx?id=449140 BNE Gold prices today lost 685 rupees at Multi Commodity Exchange for December contracts. The precious metal was trading at 51,275 rupees per 10 gram. Asian shares slips; data shows that unemployment rate declined last month https://newsonair.gov.in/Main-News-Details.aspx?id=449139 BNE Asian shares slipped following US stocks which tumbled on Friday after data showed the unemployment rate declined last month. It sparked fear that the Federal Reserve would continue hiking rates aggressively. Rupee closes at 82 rupees & 32 paise against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=449012 BNE The rupee today appreciated marginally by one paise against the US currency. The domestic currency closed at 82 rupees and 32 paise against the US dollar. Gross direct tax collection increases by over 23 % to Rs 8,98,000 crore in current financial year https://newsonair.gov.in/Main-News-Details.aspx?id=449078 BNE The gross direct tax collections has increased by over 23 per cent to eight lakh ninety eight thousand crore rupees in the current financial year as compared to last year. Reserve Bank issues directions for appointment of Internal Ombudsman for all Credit Information Companies https://newsonair.gov.in/Main-News-Details.aspx?id=448929 BNE The Reserve Bank has issued directions for appointment of Internal Ombudsman for all Credit Information Companies - CICs. Elon Musk again proposes to buy Twitter at originally agreed-on price https://newsonair.gov.in/Main-News-Details.aspx?id=448873 BNE Tesla CEO and billionaire Elon Musk has again proposed to buy Twitter at the originally agreed-on price of 44 billion dollars. SEBI warns investors to beware of fake entities who claim to provide Portfolio Management Services https://newsonair.gov.in/Main-News-Details.aspx?id=448789 BNE Securities and Exchange Board of India (SEBI) has warned investors to beware of fake entities who claim to provide Portfolio Management Services. GST revenue collection in Sep surpasses 1 lakh 47 thousand cr rupees for 7th straight time https://newsonair.gov.in/Main-News-Details.aspx?id=448650 BNE The Gross Goods and Services Tax, GST revenue collection in the month of September 2022 remained at one lakh 47 thousand and 686 crore rupees. All three major Wall Street indexes finish down around 1.5 pc https://newsonair.gov.in/Main-News-Details.aspx?id=448657 BNE Wall Street slumps further on 30th September. RBI hikes repo rate by 50 basis points to 5.9%, fourth hike in a row https://newsonair.gov.in/Main-News-Details.aspx?id=448568 BNE The monetary Policy Committee of Reserve Bank of India today decided to increase Repo Rate by a half percent to 5.9 percent, with immediate effect. Rice procurement estimated at 518 lakh MT during Kharif Marketing Season 2022-23 https://newsonair.gov.in/Main-News-Details.aspx?id=448617 BNE Rice procurement has been estimated at 518 lakh metric tonnes for Kharif crop of Kharif Marketing Season 2022-23. Government said all the states are geared up for hassle-free procurement in the days to come. SBI’s Economic Research Department expresses possibility that RBI rate hike cycle could be extended till Dec https://newsonair.gov.in/Main-News-Details.aspx?id=448616 BNE State Bank of India’s Economic Research Department’s research report expressed the possibility that, RBI rate hike cycle could be extended till December. India's current account deficit rises 2.8% to USD 23.9 billion in Q1 of FY23 https://newsonair.gov.in/Main-News-Details.aspx?id=448558 BNE The Reserve Bank has informed that India’s current account balance recorded a deficit of 23.9 billion dollars in the first quarter, an increase of 13.4 billion from the last quarter. RBI's MCP led by governor Shaktikanta Das begins today https://newsonair.gov.in/Main-News-Details.aspx?id=448468 BNE The Monetary Policy Committee (MPC) of RBI headed by Governor Shaktikanta Das began its three deliberations today. Foreign Trade Policy 2015-20 extended for further period of six months https://newsonair.gov.in/Main-News-Details.aspx?id=448359 BNE Foreign Trade Policy 2015-20 has been extended for a further period of six months. The extension will come into effect from 1st of next month. Over-Reliance on Readymade Garments (RMG) exports and protective tariff regime challenge Bangladesh’s growth sustainability - World Bank https://newsonair.gov.in/Main-News-Details.aspx?id=448323 BNE The World Bank (WB) has cautioned that over-reliance on Ready Made Garment (RMG) exports and the perpetuation of the protective tariff regime may challenge the sustainability of Bangladesh’s growth model. RBI cancels license of Maharashtra-based Laxmi Cooperative Bank; Depositors can claim upto five lakh rupees https://newsonair.gov.in/Main-News-Details.aspx?id=448170 BNE Reserve Bank of India has cancelled the licence of Maharashtra-based The Laxmi Co-operative Bank, citing a lack of adequate capital. US central bank pushes interest rates to highest level in almost 15 years as it fights to rein in inflation https://newsonair.gov.in/Main-News-Details.aspx?id=448125 BNE The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world's largest economy. MoFPI jointly launches Convergence Portal between AIF, PMFME scheme & PMKSY https://newsonair.gov.in/Main-News-Details.aspx?id=448117 BNE Union Ministry of Food Processing Industries (MoFPI) jointly launched a Convergence Portal between Agriculture Infrastructure Fund (AIF), Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme and Pradhan Mantri Kisan Sampada Yojana (PMKSY) at Krishi Bhawan in New Delhi yes Foodgrain production of 149.92 million tonnes is estimated in Kharif Season 2022-23: Narendra Singh Tomar https://newsonair.gov.in/Main-News-Details.aspx?id=448116 BNE Agriculture and Farmers Welfare Minister Narendra Singh Tomar has said that foodgrain production of 149.92 million tonnes is estimated in Kharif Season 2022-23. Service sector is the future of India: G Kishan Reddy https://newsonair.gov.in/Main-News-Details.aspx?id=448115 BNE Tourism and Culture Minister G Kishan Reddy has said that the service sector is the future of India. EPFO adds more than 18 lakh net subscribers in July 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=448048 BNE Employees' Provident Fund Organisation (EPFO) added 18 lakh 23 thousand net members in July this year registering a growth of 24.48 percent in comparison to the same month of the last year, 2021. RBI decides to take out Central Bank of India from Prompt Corrective Action restrictions https://newsonair.gov.in/Main-News-Details.aspx?id=448046 BNE Reserve Bank of India has removed the Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs). Nitin Gadkari emphasises on maintaining equilibrium between ecology, environment and development in the country https://newsonair.gov.in/Main-News-Details.aspx?id=448014 BNE Road Transport and Highways Minister Nitin Gadkari today said that India needs development at the same time the protection of the ecology and environment. India to be driven more and more by digitisation of banking and related services, says FM Sitharaman https://newsonair.gov.in/Main-News-Details.aspx?id=448020 BNE Finance Minister Nirmala Sitharaman has said that the future of finance in India is going to be driven more and more by the digitization of banking and related services. Russian-Ukraine conflict affected grain export, bread price rises https://newsonair.gov.in/Main-News-Details.aspx?id=448013 BNE In the European Union, the price of bread rose by almost a fifth in August as grain export disrupt due to Russia-Ukraine conflict. GeM surpassed milestone of One Lakh Crore rupees of procurement value in last fiscal https://newsonair.gov.in/Main-News-Details.aspx?id=447966 BNE The GeM Seller Samvad has been held in Mumbai today wherein numerous beneficiaries spoke about how their business has grown overwhelmingly with the help of the online portal. Asian Market: stock falls as investors fled risk-driven assets ahead of U.S. Federal Reserve meet https://newsonair.gov.in/Main-News-Details.aspx?id=447964 BNE Most Asian stock markets today fell as investors fled risk-driven assets ahead of a U.S. Federal Reserve meeting later this week. Currency: Rupee weakens three paise at Rs 79.77 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=447963 BNE In the forex market, the rupee today weakened three paise against the US dollar. Global crude oil prices fall around two and half percent in intra-day trade https://newsonair.gov.in/Main-News-Details.aspx?id=447962 BNE Global crude oil prices today fell around two and half percent in intra-day trade. GeM facilitated over one crore transactions valued at over Rs 3 lakh crore, says Deputy CEO A V Muraleedharan https://newsonair.gov.in/Main-News-Details.aspx?id=447951 BNE Deputy CEO of Government e-Market Place (GeM) A V Muraleedharan says the heterogeneous nature of public procurement portal's seller base reflects on the founding pillar of inclusivity. Gross Direct Tax Collection registers growth of 30% in 2022-23 to 8.36 Lakh Crore rupees https://newsonair.gov.in/Main-News-Details.aspx?id=447894 BNE The gross direct tax collections has registered a growth of 30 percent in the current financial year in comparison to 2021-22. Foreign investors pump over Rs 12,900 crore in Indian capital markets in September https://newsonair.gov.in/Main-News-Details.aspx?id=447902 BNE Foreign investors pumped more than 12,900 crore rupees in the Indian capital markets in September, so far. FM Nirmala Sitaraman expresses need to widen the pool of woman directors https://newsonair.gov.in/Main-News-Details.aspx?id=447810 BNE Union Finance and Corporate Affairs Minister Nirmala Sitaraman said, like Engineers and Doctors India should provide more and more women for board level and leadership positions to the world. Indian companies spent more than one trillion rupees in CSR till March this year: Anurag Thakur https://newsonair.gov.in/Main-News-Details.aspx?id=447769 BNE Information and Broadcasting Minister Anurag Thakur has said that Indian companies have spent more than one trillion rupees in Corporate Social Responsibility(CSR) till March this year. GST dept to be trained to detect revenue leakages, says Finance Minister Nirmala Sitharaman https://newsonair.gov.in/Main-News-Details.aspx?id=447695 BNE Finance Minister Nirmala Sitharaman today said that training will be imparted to the employees of the GST department to teach them how to use technology to detect revenue leakages. Wholesale price-based inflation eases to 12.41 per cent in August https://newsonair.gov.in/Main-News-Details.aspx?id=447694 BNE Wholesale price-based inflation eased to 12.41 per cent in August as compared to 13.93 per cent in the preceding month. Govt constitutes expert committee to examine and suggest appropriate measures to address regulatory and other issues https://newsonair.gov.in/Main-News-Details.aspx?id=447658 BNE The government has constituted an expert committee to examine and suggest appropriate measures to address regulatory and other issues to enable scaling up investments by venture capital and private equity investment. Exports of Indian chemicals registered growth of 106 % in 2021-22 over 2013-14 https://newsonair.gov.in/Main-News-Details.aspx?id=447656 BNE The exports of Indian chemicals has registered a growth of 106 percent in 2021-22 over 2013-14. The export of Chemicals hit a record at over four lakh 98 thousand crore rupees in 2021-22. India’s agricultural & processed food products exports rose by 30 per cent https://newsonair.gov.in/Main-News-Details.aspx?id=447578 BNE India’s overall agricultural and processed food products exports rose by 30 per cent to over nine thousand 598 million dollar in the first four months of the current fiscal compared to the same period last year. E-auction of ten commercial coal mines to begin today https://newsonair.gov.in/Main-News-Details.aspx?id=447579 BNE E-auction of ten commercial coal mines will start today, September 13. Ministry of Coal had invited bids for coal mines for commercial coal mining. India's agricultural, processed food product exports up by 30% https://newsonair.gov.in/Main-News-Details.aspx?id=447551 BNE India’s overall agricultural and processed food products exports rose by 30 per cent to over 9,598 million dollar in first four months of current fiscal compared to the same period last year. Index of Industrial Production grew by 2.4% in July https://newsonair.gov.in/Main-News-Details.aspx?id=447550 BNE The Index of Industrial Production (IIP) grew by 2.4 percent in July against 11.5 percent in the same period last year. India's retail inflation rises to 7% in August as compared to 6.71% in July https://newsonair.gov.in/Main-News-Details.aspx?id=447544 BNE Retail inflation, based on the consumer price index (CPI), rose to seven per cent in August this year compared to 6.71 per cent in preceding month. RBI to prepare white-list of legal Apps; Centre to ensure that only legal loan Apps hosted on App store https://newsonair.gov.in/Main-News-Details.aspx?id=447410 BNE Reserve Bank of India will prepare a white-list of all legal apps and the Union Ministry of Electronics and Information Technology will ensure that only legal apps are hosted on app stores. Direct Tax collections surge by 35.46% to 6.5 lakh crore rupees https://newsonair.gov.in/Main-News-Details.aspx?id=447409 BNE The gross Direct Tax collections has reached six lakh 48 thousand crore rupees upto 8th of this month, which is 35.46 percent higher than the gross collections for the corresponding period last year. Finance Ministry cracks down on illegal loan apps; Directs RBI to prepare whitelists https://newsonair.gov.in/Main-News-Details.aspx?id=447390 BNE Finance Minister Nirmala Sitharaman has chaired a meeting to discuss the various issues related to illegal loan apps outside the regular banking channels. European Central Bank makes its largest-ever interest rate increase https://newsonair.gov.in/Main-News-Details.aspx?id=447351 BNE The European Central Bank today made its largest-ever interest rate increase. Rupee weakens four paise to trade at Rs 79.89 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=447145 BNE In the forex market, the rupee weakened four paise to trade at 79 rupees and 89 pasie against the US dollar in the afternoon deals. Coal production from captive and commercial blocks rise 58% in April-August https://newsonair.gov.in/Main-News-Details.aspx?id=447211 BNE The coal production from captive and commercial coal blocks increased by 58 per cent in the last five months as compared to the same period of 2021-22. India’s external debt rises by 8.2 pc to over USD 620 bn till March 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=447191 BNE India’s external debt grew by 8.2 percent to over 620 billion US dollar at the end of March this year. India is widely perceived to be fastest-growing major economy in world in this year, says RBI Governor https://newsonair.gov.in/Main-News-Details.aspx?id=447192 BNE Reserve Bank of India Governor Shaktikanta Das has said that India is widely perceived to be the fastest-growing major economy in the world in this year. India’s external debt rises by 8.2 pc to over USD 620 bn till Mar 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=447169 BNE India’s external debt grew by 8.2 per cent to over 620 billion US dollar at the end of March this year.