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 Interest rates on Small Savings Schemes unchanged for July-September https://newsonair.gov.in/Main-News-Details.aspx?id=443433 BNE The Union Government has kept interest rates on Small Savings Schemes unchanged for July-September quarter. Government authorises SBI to issue and encash Electoral Bonds from tomorrow https://newsonair.gov.in/Main-News-Details.aspx?id=443418 BNE The Union Government has authorised the State Bank of India for issue and encash Electoral Bonds through its 29 Authorized Branches from tomorrow to 10th of July. Core Industries Output posts a robust growth of 18.1 per cent in May this year against 16.4 last year https://newsonair.gov.in/Main-News-Details.aspx?id=443432 BNE Index of Eight Core Industries (ICI) posted robust growth of 18.1 per cent in May this year against 16.4 per cent in the corresponding month of previous year. Business Reform Action Plan- 2020 released;Andhra Pradesh,Gujarat and Haryana are top performers https://newsonair.gov.in/Main-News-Details.aspx?id=443417 BNE Finance Minister Nirmala Sitharaman along with Commerce and Industry Minister Piyush Goyal today released the Business Reform Action Plan- 2020 in New Delhi. Sensex, Nifty trading almost flat in afternoon trade https://newsonair.gov.in/Main-News-Details.aspx?id=443347 BNE The Sensex and the Nifty were trading almost flat in the afternoon trade. Both stock indices added marginally amid volatility and negative global cues. Income Inequality in India declined significantly since 2017 https://newsonair.gov.in/Main-News-Details.aspx?id=443328 BNE Inequality of Income in India has declined significantly since Financial Year 2017, says a latest SBI Ecowrap research report. It also says that the income inequality in the country has also declined during the Covid-19. MSMEs are the backbone of the Indian economy and global sustainable developments:Union Minister Narayan Rane https://newsonair.gov.in/Main-News-Details.aspx?id=443319 BNE Union Minister for Micro Small and Medium Enterprises (MSME) Narayan Rane has said, the government is committed to achieve the goals of holistic development and self-reliance of MSMEs under the leadership of Prime Minister Narendra Modi. Rupee appreciates two paise to trade at Rs 78.36 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=443143 BNE In the forex market, the rupee appreciated two paise to trade at 78 rupees and 36 pasie against the US dollar in the afternoon deals. Sensex climbs 308 points to trade at 52,130 https://newsonair.gov.in/Main-News-Details.aspx?id=441528 BNE The Sensex and the Nifty today gained more than half a per cent in the afternoon trade. The two key domestic share indices appreciated amid mixed global cues. RAJFED to procure 46, 830 Metric Tonnes of garlic from six garlic-producing districts of state https://newsonair.gov.in/Main-News-Details.aspx?id=443141 BNE Rajasthan State Co-operative Marketing Federation Ltd., RAJFED will procure 46, 830 Metric Tonnes of garlic from six garlic-producing districts of the state. Rupee weakens 17 paise to trade at Rs 78.25 against dollar https://newsonair.gov.in/Main-News-Details.aspx?id=443092 BNE In the forex market, the rupee also weakened 17 paise to trade at 78 rupees and 25 pasie against the US dollar in the afternoon deals. Government amends guidelines for PLI Scheme for Telecom and Networking Products https://newsonair.gov.in/Main-News-Details.aspx?id=443031 BNE The Guidelines for the Production linked incentive (PLI) Scheme for Telecom and Networking Products have been amended to introduce the Design-led Manufacturing with additional incentive rates. Subscription for First tranche of Sovereign Gold Bond scheme for current fiscal to remain open today; Continues till 24th of this month https://newsonair.gov.in/Main-News-Details.aspx?id=442999 BNE The first tranche of Sovereign Gold Bond, SGB, scheme for the current fiscal opened for subscription today. India has been able to secure a favourable outcome at the recently concluded WTO Ministerial Conference: Piyush Goyal https://newsonair.gov.in/Main-News-Details.aspx?id=443006 BNE Commerce and Industry Minister Piyush Goyal today said India has been able to secure a favourable outcome at the recently concluded WTO Ministerial Conference after many years. EPFO adds over 17 lakh net subscribers in April https://newsonair.gov.in/Main-News-Details.aspx?id=443003 BNE Employees' Provident Fund Organisation, EPFO, has added over 17 lakh net subscribers in April this year, as per the provisional payroll data released by EPFO today. PLI Scheme for Telecom & Networking Products amended with additional incentive rates https://newsonair.gov.in/Main-News-Details.aspx?id=443001 BNE The Guidelines for the Production linked incentive (PLI) Scheme for Telecom and Networking Products have been amended to introduce the Design-led Manufacturing with additional incentive rates. Direct Tax Collections for FY 2022-23 hits 3.39 Lakh crore; Registers jump of 45% over the same period of Last fiscal https://newsonair.gov.in/Main-News-Details.aspx?id=442864 BNE The Ministry of Finance informed that the figures of Direct Tax collections for the Financial Year 2022-23, as on yesterday, show that net collections are at three lakh and nearly forty thousand crore rupees compared to two lakh and over thirty three crore rupees over the corresponding period of the Indian Banking system remains resilient, the asset quality has improved from the pre-pandemic levels: RBI Dy Governor https://newsonair.gov.in/Main-News-Details.aspx?id=442799 BNE Deputy Governor of the Reservebank of India M. Rajeshwar Rao has said that an efficient and vibrant financial system is crucial for economic development and social well-being of the country. 47th Meeting of the GST Council on June 28-29 in Srinagar https://newsonair.gov.in/Main-News-Details.aspx?id=442803 BNE The 47th Meeting of the GST Council will be held on 28th and 29th of this month in Srinagar. Economic conditions in our country are better than any other country in the world : CEO Bombay stock exchange https://newsonair.gov.in/Main-News-Details.aspx?id=442798 BNE The Indian Merchant Chamber of Commerce ( IMC) today has organised the Banking Conference on Banking and Finance sector in India: How it is poised to deliver sustainable growth in a post pandemic world. Govt announces MSPs for twenty-two mandated crops, Fair and Remunerative Prices for sugarcane https://newsonair.gov.in/Main-News-Details.aspx?id=442790 BNE The Government's price policy for major agricultural commodities seeks to ensure remunerative prices to the growers for their produce. Coal India Ltd's domestic production increased by 37.3%, Domestic Coal Offtake increased by 43% in last 8 yrs https://newsonair.gov.in/Main-News-Details.aspx?id=442772 BNE World’s largest coal miner, Coal India Ltd. has outdone itself in ensuring India’s energy security by more than ever coal production and despatch. All India coal production and offtake in 2013-14 was 566 Million Tonnes and 572 Million Tonnes. India's overall exports in May surged 24% to 62.21 billion dollars https://newsonair.gov.in/Main-News-Details.aspx?id=442728 BNE India’s overall exports in May this year are estimated to be over 62 billion dollars, exhibiting a positive growth of over 24 percent over the same period last year. Assocham lauds govt's decision to recruit ten lakh people in next 1.5 yrs https://newsonair.gov.in/Main-News-Details.aspx?id=442718 BNE Industry body Assocham has said that the government decision regarding recruitment of ten lakh people over the next one and half years in the Central Government is far-sighted and inspiring. Anand Mahindra and Venu Srinivasan appointed to RBI board https://newsonair.gov.in/Main-News-Details.aspx?id=442704 BNE The Central Government has nominated Chairman of Mahindra group Anand Gopal Mahindra, TVS Motor’s Chairman Venu Srinivasan, Zydus Lifescience’s Chairman Pankaj Ramanbhai Patel along with IIM Ahmedabad’s ex-faculty Ravindra Dholakia as part-time non-official Directors on the Central Board of Reserve Centre directs E-commerce food business operators to submit proposal on improving consumer grievance redressal mechanism within 15 days https://newsonair.gov.in/Main-News-Details.aspx?id=442627 BNE The Centre has directed E-commerce food business operators to submit proposal on improving consumer grievance redressal mechanism within 15 days. UK economy shrinks by 0.3 % in April https://newsonair.gov.in/Main-News-Details.aspx?id=442617 BNE The UK economy shrank again in April as businesses felt the impact of price rises and the NHS COVID Test and Trace operation was wound down. Rupee weakens 24 paise to its all time low at Rs 78.08 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=442280 BNE In the forex market, the rupee weakened 24 paise to its all time low at 78 rupees and eight paise against the US dollar in afternoon deals. Country's industrial activity jumps to 7.1 per cent in April against 1.9 per cent in March 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=442462 BNE The country’s factory output (IIP) accelerated by 7.1 per cent in April as against 1.9 per cent in March 2022. European Central Bank to increase interest rates for first time in more than 11 Years in July https://newsonair.gov.in/Main-News-Details.aspx?id=442447 BNE The European Central Bank (ECB) has said that it intends to raise interest rates for the first time in more than 11 years next month. RBI Governor says, comprehensive regulatory framework to be introduced to curb illicit loans https://newsonair.gov.in/Main-News-Details.aspx?id=442430 BNE The Reserve Bank of India (RBI)'s Governor Shaktikant Das today said that a comprehensive regulatory framework will be introduced to curb illicit loans through digital channels. DIPAM to organise Conference on “Creating wealth through markets” https://newsonair.gov.in/Main-News-Details.aspx?id=442421 BNE Department of Investment and Public Asset Management (DIPAM) will organize a conference in 75 cities across the country tomorrow on the theme of creating wealth through the market. Cabinet Committee on Economic Affairs approves increase of at least 1.5 times in MSP for Kharif crops for Marketing Season 2022-23 https://newsonair.gov.in/Main-News-Details.aspx?id=442349 BNE The Cabinet Committee on Economic Affairs has approved increase in Minimum Support Price for all intended Kharif crops for Marketing Season 2022-23. RBI increases repo rate by 50 basis points to 4.90%; forecasts 6.7% inflation for 2023; Real GDP growth rate pegged at 7.2 percent https://newsonair.gov.in/Main-News-Details.aspx?id=442306 BNE The Reserve Bank of India on Wednesday increased the repo rate by 50 basis points to 4.90%. The current repo rate is 4.40% after the rates were increased by 40 basis points at an off-cycle meeting of the Monetary Policy Committee. RBI raises limit of individual housing loans provided by cooperative banks https://newsonair.gov.in/Main-News-Details.aspx?id=442347 BNE The Reserve Bank of India has increased the existing limits on individual housing loans that can be extended by cooperative banks. Nirmala Sitharaman participates in second BRICS Finance Ministers and Central Bank Governors meeting https://newsonair.gov.in/Main-News-Details.aspx?id=442235 BNE Union Finance and Corporate Affairs Minister Nirmala Sitharaman said that India’s economic growth will continue to be supported by fiscal spending along with an investment push. India is aiming to double Marine Product exports from 50,000 crore to 1 lakh crore rupees within next 5 years: Piyush Goyal https://newsonair.gov.in/Main-News-Details.aspx?id=442222 BNE Union Minister for Commerce and Industry Piyush Goyal on Monday said that the country is aiming to double Marine Product exports from 50,000 crore to one lakh crore rupees within the next five years. India’s merchandise exports rose by 15.46 % to 37.29 billion dollar in May https://newsonair.gov.in/Main-News-Details.aspx?id=442043 BNE India’s merchandise exports rose by 15.46 percent to 37.29 billion dollar in May 2022 on account of healthy performance by sectors like petroleum products, electronic goods and chemicals. GST revenue collections touch Rs 1,40,885 crore for May https://newsonair.gov.in/Main-News-Details.aspx?id=441973 BNE The Gross Goods and Services Tax, GST revenue collections in the month of May 2022 remained at one lakh 40 thousand and 885 crore rupees. Restrictions on sugar exports come into effect from today https://newsonair.gov.in/Main-News-Details.aspx?id=441942 BNE The government's sugar exports ban has come into effect starting today till the end of the festive season in October. India is the largest producer of sugar in the world but also consumes most of the sweetener it produces. Key domestic stock indices log gains for second week in a row https://newsonair.gov.in/Main-News-Details.aspx?id=441769 BNE The key domestic stock indices logged gains for the second week in a row in the business week ended yesterday. Rupee weakens 7 paise to trade at Rs 77.65 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=441727 BNE In the forex market, the rupee weakened seven paise to trade at 77 rupees and 65 paise against the US dollar in afternoon deals. US stock markets tumble triggered by worries of aggressive federal moves to curb decades-high inflation might tip economy into recession https://newsonair.gov.in/Main-News-Details.aspx?id=441640 BNE The S&P 500 and the Nasdaq index fell yesterday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors' risk appetite. Rupee appreciates six paise at 77.53 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=441579 BNE In the forex market, the rupee today appreciated six paise against the US dollar. The rupee closed at 77 rupees and 53 paise against the US currency. Gold prices surges Rs 100 at Multi-Commodity Exchange for June contracts https://newsonair.gov.in/Main-News-Details.aspx?id=441580 BNE Gold prices surges 100 rupees at Multi-Commodity Exchange for June contracts. Global crude oil prices add marginally in intra-day trade https://newsonair.gov.in/Main-News-Details.aspx?id=441581 BNE Global crude oil prices added marginally in intra-day trade. Stock Market: Sensex gains 462 points, Nifty settles at 16,373 https://newsonair.gov.in/Main-News-Details.aspx?id=439942 BNE At the stock markets, after a positive opening in the morning trade, the Sensex at the Bombay Stock Exchange continued to consolidate gains and was trading 462 points, or 0.9 percent, higher, to trade at 54,789, in the afternoon trade, a short while ago. India gets highest ever FDI of 83.57 billion dollars in the last financial year https://newsonair.gov.in/Main-News-Details.aspx?id=441359 BNE India has emerged as a preferred investment destination which is evident from the fact that India has recorded highest ever annual Foreign Direct Investment (FDI) inflow of 83.57 billion US dollars in the last fiscal year. EPFO adds 15.32 lakh net subscribers in March, 20 percent more than February https://newsonair.gov.in/Main-News-Details.aspx?id=441377 BNE Employees' Provident Fund Organisation (EPFO) has added 15.32 lakh subscribers in March this year. This is about 20 percent more than 12.85 lakh enrolled in February this year. RBI approves transfer of Rs 30,307 crore as surplus to Central Government for 2021-22 https://newsonair.gov.in/Main-News-Details.aspx?id=441352 BNE The Reserve Bank of India has approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22. India’s economic growth in current FY is estimated to be 8.9 percent, says Finance Minister Nirmala Sitharaman https://newsonair.gov.in/Main-News-Details.aspx?id=441327 BNE Finance Minister and India’s Governor for the New Development Bank NDB Nirmala Sitharaman yesterday chaired the 7th Annual Meeting of Board of Governors of NDB through video-conferencing in New Delhi. Finance Minister Nirmala Sitharaman expresses concerns about possible cartelization in markets https://newsonair.gov.in/Main-News-Details.aspx?id=441332 BNE Finance Minister Nirmala Sitharaman expressed concerns about possible cartelization in markets and stressed the need to look into the causes of short supply of commodities. India exported 13.5 million tonnes of finished steel amounting to Rs 1 one lakh crore, says MoS Faggan Singh Kulaste https://newsonair.gov.in/Main-News-Details.aspx?id=441340 BNE Minister of State for Steel Faggan Singh Kulaste has said that India’s all-time steel high consumption at around 106 million tonnes and production of 120 million tonnes shows not only the resilience of the sector but also displays the exemplary grit and determination of Industries. RBI asks banks and ATM operators to provide cardless cash withdrawal facility https://newsonair.gov.in/Main-News-Details.aspx?id=441315 BNE Reserve Bank of India has directed banks and ATM operators to provide cardless cash withdrawal facilities at all ATMs. In a circular, the RBI said, all banks, automated teller machine (ATM) networks, and White Label ATM Operators (WLAOs). Oil prices rise on China demand recovery expectations, supply concerns https://newsonair.gov.in/Main-News-Details.aspx?id=441217 BNE Oil prices today rose on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew. Rupee weakens two paise against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=441216 BNE In the forex market, the rupee today weakened two paise against the US dollar. The rupee closed at 77 rupees and 58 paise against the US currency. Gold trades at Rs 49,950; Silver above Rs 60,900 https://newsonair.gov.in/Main-News-Details.aspx?id=441214 BNE Gold prices today lost 230 rupees at Multi Commodity Exchange for June contracts. The precious metal was trading at 49,950 rupees per 10 gram. US share markets finish sharply higher, lifted by Apple https://newsonair.gov.in/Main-News-Details.aspx?id=441209 BNE The US share markets finished sharply higher yesterday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Asian stocks log gains for fourth straight session https://newsonair.gov.in/Main-News-Details.aspx?id=441208 BNE Majority of Asian stocks today logged gains for fourth straight session. Singapore’s Straits Times ended 0.7 percent up and Japan's NIKKEI-225 gained 0.9 percent. GeM, CSC e-Governance India Pvt Ltd & Department of Posts sign MoU for engagement of last mile buyers, sellers and service providers https://newsonair.gov.in/Main-News-Details.aspx?id=441207 BNE Government e-Marketplace, GeM, Common Service Centre e-governance India Private Limited and Department of Posts today signed an MoU for engagement of last mile buyers, sellers and service providers in public procurement. Govt collects Rs 14 lakh 10 thousand crore in form of direct taxes in 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=441194 BNE The Union Government has collected fourteen lakh ten thousand crore rupees in the form of direct taxes this year. Over 180 lakh tonnes of wheat procured so far from 5 States in Rabi Marketing Season 2022-23 https://newsonair.gov.in/Main-News-Details.aspx?id=441149 BNE More than one hundred eighty lakh tonnes of wheat have been procured so far from five states in the Rabi Marketing Season 2022-23. These states are Madhya Pradesh, Punjab, Uttar Pradesh, Bihar and Himachal prdaesh. LIC IPO: LIC opens at 8.62% lower from issue price on BSE https://newsonair.gov.in/Main-News-Details.aspx?id=441136 BNE The shares of India’s largest insurer Life Insurance Corporation of India opened at BSE today at 867.20 which is 8.62 per cent lower from the issue price. Piyush Goyal holds day-long stakeholder consultations with various sectors and ongoing FTA negotiations with Canada,UK and EU https://newsonair.gov.in/Main-News-Details.aspx?id=440976 BNE The Union Minister for Commerce and Industry and Textiles, Piyush Goyal held a day-long stakeholder consultation with various sectors of the industry and ongoing negotiations on Free Trade Agreements with Canada, the United Kingdom, and the European Union in Mumbai today. Centre allows Telangana to deposit 6.05 LMT of fortified parboiled rice with FCI of remaining paddy of KMS 2020-21 & KMS 2021-22 https://newsonair.gov.in/Main-News-Details.aspx?id=440951 BNE The Centre has allowed Telangana Government to deposit a total of 6.05 Lakh Metric Tonnes of fortified parboiled rice with Food Corporation of India, out of the remaining paddy of Kharif Marketing Season 2020-21 (Rabi crop) and paddy of Kharif Marketing Season 2021-22. Merchandise exports register 30pc growth in April https://newsonair.gov.in/Main-News-Details.aspx?id=440906 BNE India's overall exports including merchandise and services scaled a new high in April, 2022. Overall imports exhibited a growth of around 39 per cent in comparison to the corresponding period of last year. SBI Q4 net profit rises 41% to Rs 9,114 crore https://newsonair.gov.in/Main-News-Details.aspx?id=440903 BNE State Bank of India has reported over 41 per cent, year-on-year, jump in standalone net profit for the fourth quarter of the last fiscal to 9,114 crore rupees. Oil Marketing Companies enter into long-term purchase agreement for upcoming dedicated ethanol plants https://newsonair.gov.in/Main-News-Details.aspx?id=440751 BNE The Oil Marketing Companies, OMCs - Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited have entered into a long-term purchase agreement for upcoming dedicated ethanol plants across the country. Centre would continue to improve ease of doing business for industry and exports to grow: Nirmala Sitharaman https://newsonair.gov.in/Main-News-Details.aspx?id=440705 BNE Union Finance Minister Nirmala Sitharaman said the Centre would continue to improve the ease of doing business for the industry and exports to grow. Oil prices drop around 1% as downward trends continued due to China's increasing cases of coronavirus https://newsonair.gov.in/Main-News-Details.aspx?id=440692 BNE Oil prices on Tuesday dropped around one percent as downward trends continued due to top oil importer China's increasing cases of coronavirus. Coal production increases by 29% in April, 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=440686 BNE Coal production has increased by 29 per cent in April as compared to corresponding period of previous year. Over 66 million tonnes coal production was registered in April. LIC IPO closes, issue over-subscribed almost 3 times; Allotment of shares on 12th May https://newsonair.gov.in/Main-News-Details.aspx?id=440630 BNE India's biggest-ever initial public offer (IPO) by Life Insurance Corporation (LIC) received a stellar response from all categories of investors. LIC IPO receives tremendous response from investors across various categories https://newsonair.gov.in/Main-News-Details.aspx?id=440604 BNE LIC IPO has received tremendous response from the investors across various categories. Within the span of six days, investors including policy holders and retail investors have bidded for the IPO which was oversubscribed around three times. GST dues of two months worth Rs 78,000 crore for last FY will be disbursed soon to states, says Finance Minister Nirmala Sitharaman https://newsonair.gov.in/Main-News-Details.aspx?id=440573 BNE Union Finance Minister Nirmala Sitharaman said, the Centre has cleared the GST dues to the states up to January this year. US markets decline amid concerns about rising Treasury yields https://newsonair.gov.in/Main-News-Details.aspx?id=440497 BNE US markets declined yesterday amid concerns about rising Treasury yields and the prospect of more rate hikes. India registers 26 lakh new Demant accounts per month in FY 2021-22, says Finance minister Nirmala Sitaraman https://newsonair.gov.in/Main-News-Details.aspx?id=440494 BNE Union finance minister Nirmala Sitaraman today said that in the financial year 2021-22, India registered 26 lakh new Demat accounts per month. Finance Ministry releases over seven thousand crore rupees to 14 States as second monthly installment of Post Devolution Revenue Deficit grant https://newsonair.gov.in/Main-News-Details.aspx?id=440443 BNE Finance Ministry today released the second monthly installment of the Post Devolution Revenue Deficit grant of over seven thousand crore rupees to 14 States. Economy faces headwinds from global spillovers: RBI Governor https://newsonair.gov.in/Main-News-Details.aspx?id=440322 BNE Reserve Bank of India Governor Shaktikanta Das on Wednesday said that even as the drivers of domestic economic activity are getting stronger, they face headwinds from global spillovers in the form of protracted and intensifying geopolitical tensions along with elevated commodity prices and COVID-19 ASSOCHAM hails decision of RBI's Monetary Policy to reverse accommodative cycle and raise interest rates https://newsonair.gov.in/Main-News-Details.aspx?id=440364 BNE ASSOCHAM Secretary General Deepak Sood said that the decision of the RBI Monetary Policy Committee to reverse the accommodative cycle and raise interest rates is a remedy to tame inflation. RBI hikes repo rate by 40 basis points to 4.40 per cent https://newsonair.gov.in/Main-News-Details.aspx?id=440313 BNE Reserve Bank of India has hiked the repo rate by 40 basis points, taking it to 4.40 per cent. RBI Governor Shaktikanta Das said Monetary Policy Committee at its meeting decided to increase the policy repo rate. LIC IPO worth Rs 21,000 crore opens for public subscription today https://newsonair.gov.in/Main-News-Details.aspx?id=440284 BNE The Initial Public Offering, IPO of Life Insurance Corporation of India (LIC) has opened for public subscription from today. India’s coal production stood at 661.54 lakh tons in April; CIL and subsidiaries produced 534.7 lakh tons https://newsonair.gov.in/Main-News-Details.aspx?id=440268 BNE India’s total coal production stood at 661.54 lakh tonnes during the month of April this year. While Coal India Ltd and its subsidiaries produced 534.7 lakh tonnes of coal, production by Singareni Colleries Company Ltd stood at 53.23 lakh tonnes and production from captive mines touched 73.61 lakh t RBI Board approves nomination of Rajiv Ranjan as ex-officio member of Monetary Policy Committee https://newsonair.gov.in/Main-News-Details.aspx?id=440246 BNE The 595th meeting of the Central Board of Directors of Reserve Bank of India was held yesterday. In a statement, RBI said the meeting was held through video conferencing under the Chairmanship of RBI Governor Shaktikanta Das. LIC launches IPO for anchor investors from today https://newsonair.gov.in/Main-News-Details.aspx?id=440183 BNE Life Insurance Corporation, LIC, today launched its much-awaited initial public offering, IPO, for anchor investors. It will be open to general public from Wednesday to 9th of this month. GST revenue collection hits record Rs 1.68 lakh crore in April https://newsonair.gov.in/Main-News-Details.aspx?id=440185 BNE The Gross Goods and Services Tax, GST revenue collection has touched an all-time high of around 1.68 lakh crore rupees in April 2022. Chip consortium ISMC plans to invest 3 billion dollars to set up plant in Karnataka https://newsonair.gov.in/Main-News-Details.aspx?id=440157 BNE The International Semiconductor Consortium ISMC will invest three billion US dollars in Karnataka to set up a chip making plant. India’s Pharma exports grow by 103 per cent since 2013-14 https://newsonair.gov.in/Main-News-Details.aspx?id=440149 BNE India's pharma exports witnessed a growth of 103 percent since 2013-14 from 90 thousand 415 crore rupees in 2013-14 to one lakh 83 thousand 422 crore rupees in 2021-22. Gross GST revenue collection hits record Rs 1.68 lakh crore in April, 2022 https://newsonair.gov.in/Main-News-Details.aspx?id=440147 BNE The Gross Goods and Services Tax, GST revenue collection has touched an all-time high of around 1.68 lakh crore rupees in April 2022. India’s edible oil position is comfortable despite ban on exports by Indonesia: Govt https://newsonair.gov.in/Main-News-Details.aspx?id=440160 BNE Government on Sunday said India’s edible oil position is comfortable despite ban on exports by Indonesia. LIC IPO to open for public from 4th to 9th of May https://newsonair.gov.in/Main-News-Details.aspx?id=440154 BNE Life Insurance Corporation initial public offering, IPO, will open on Monday for anchor investors and from 4th to 9th of May for the general public. LIC IPO will be listed on the share markets on 17th May. Defence procurement through Government e-Market portal reaches all time high of over Rs 15 thousand cr in last fiscal https://newsonair.gov.in/Main-News-Details.aspx?id=440102 BNE Procurement orders by the Ministry of Defence through Government e-Market portal have reached an all-time high of over 15 thousand crore rupees for 2021-22. Defence Ministry said that it is a jump of more than 250 per cent over the last financial year. Second phase of mandatory hallmarking of Gold Jewellery and Gold Artefacts to come into force from June 1 https://newsonair.gov.in/Main-News-Details.aspx?id=440115 BNE The second phase of the mandatory hallmarking of Gold Jewellery and Gold Artefacts will come into force from 1st of June this year. LIC IPO to open for public from 4th to 9th of May https://newsonair.gov.in/Main-News-Details.aspx?id=440049 BNE Life Insurance Corporation of India (LIC's Initial Public Offering will open on 4th of next month for public subscription and close on 9th of May. LIC IPO will list on the share markets on 17th May. Index of Eight Core Industries posts robust growth of 10.4 per cent during last fiscal https://newsonair.gov.in/Main-News-Details.aspx?id=440073 BNE Index of Eight Core Industries (ICI) posted robust growth of 10.4 percent during 2021-22 fiscal as compared to the corresponding period of previous Financial Year. Coal Ministry says sufficient coal available in country https://newsonair.gov.in/Main-News-Details.aspx?id=440085 BNE The Coal Ministry has said that sufficient coal stock with coal companies is available in the country. The Ministry said, coal stock at Coal India Limited is 56.7 million tonnes and Singareni Collieries Company is 4.3 million tonnes. 5 thousand LPG panchayats on the occasion of Ujjwala Diwas on May 1 https://newsonair.gov.in/Main-News-Details.aspx?id=440089 BNE Oil marketing companies will organise more than five thousand LPG Panchayats on the occasion of 'Ujjwala Diwas' on the 1st of May. Currency: Rupee appreciates six paise at 76.43 against US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=440076 BNE In the forex market, the rupee appreciated six paise against the US dollar. The domestic currency finished at 76 rupees and 43 paise against the American Unit. Star9 Mobility Private Limited to buy 51 percent of govt share in Pawan Hans Limited https://newsonair.gov.in/Main-News-Details.aspx?id=440070 BNE The government has approved the highest bid of Star9 Mobility Private Limited for sale of entire 51 percent of government's shareholding of Pawan Hans Limited and transfer of management control. US stocks log robust gains, Facebook-parent rise 12.4 percent after stronger-than-expected profit https://newsonair.gov.in/Main-News-Details.aspx?id=440058 BNE The three major US stocks logged robust gains yesterday. US share indices rose as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter. Finance Ministry says, with release of over Rs 2 lakh cr as GST compensation to States, no payments are pending for FY 2020-21 https://newsonair.gov.in/Main-News-Details.aspx?id=439976 BNE The Ministry of Finance has said that an amount of 2 lakh 78 thousand crore rupees towards GST compensation has been released to the States for the financial year 2020-21 itself and nothing is pending for the year. MSME sector is playing major role in strengthening economy of the country: MSME Minister Narayan Rane https://newsonair.gov.in/Main-News-Details.aspx?id=439991 BNE Micro Small and Medium Enterprises, MSME Minister Narayan Rane today launched MSME Sustainable - Zero Defect Zero Effect (ZED) Certification Scheme in New Delhi. LIC IPO to open on May 2 for anchor investors, for General public the offering opens from May 4 https://newsonair.gov.in/Main-News-Details.aspx?id=439950 BNE Life Insurance Corporation initial public offering, IPO, will open on second of next month for anchor investors and from fourth to ninth of next month for the general public. Exports of Indian chemicals register growth of 106% in 2021-22 over 2013-14 https://newsonair.gov.in/Main-News-Details.aspx?id=439965 BNE Exports of Indian Chemicals has registered growth of 106 percent in 2021-22 over 2013-14. ONGC inks MoU with Norway's Equinor https://newsonair.gov.in/Main-News-Details.aspx?id=439959 BNE Oil and Natural Gas Corporation Limited, ONGC has signed a Memorandum of Understanding with Equinor, the Norwegian state-owned multinational energy company. Price of essential commodities reported a significant decline in March this year compared to previous years: Govt https://newsonair.gov.in/Main-News-Details.aspx?id=439957 BNE Price of essential commodities reported a significant decline in March this year compared to previous years, as per data shared by the Ministry of Consumers Affairs, Food, and Public Distribution. Sensex closed above 57,300 points, Nifty settled above 17,200 level https://newsonair.gov.in/Main-News-Details.aspx?id=439392 BNE The Sensex and the Nifty today climbed more than one percent. Domestic stock indices gained amid positive cues from global share markets. Global crude oil prices rise more than one percent https://newsonair.gov.in/Main-News-Details.aspx?id=439900 BNE Global crude oil prices today rose more than one percent. Oil prices recovered from a selloff in the previous session, led by concerns over the impact of the surge in covid cases in China on crude oil demand. Over 45 crore Jan Dhan Accounts opened in last 7 years under Pradhan Mantri Jan Dhan Yojana https://newsonair.gov.in/Main-News-Details.aspx?id=439891 BNE Over 45 crore Jan Dhan Accounts have been opened in last seven years under Pradhan Mantri Jan Dhan Yojana. The scheme was launched in 2014 with an aim to provide universal access to banking facilities to the people across the country. Finance Ministry denies no feedback sought from states on raising GST rates https://newsonair.gov.in/Main-News-Details.aspx?id=439869 BNE Finance Ministry has denied that feedback has been sought from states regarding a suggestion for raising Good and Services Tax rates on 143 items. Twitter Inc nearing deal to sell itself to Elon Musk for 54.20 dollars per share in cash https://newsonair.gov.in/Main-News-Details.aspx?id=439851 BNE Twitter Inc is nearing a deal to sell itself to Elon Musk for 54.20 dollars per share in cash, the price that he originally offered to the social media company and called his best and final, people familiar with the matter said. India’s exports of Ceramics, Glassware products for 2021-22 hit record at 3464 million US dollar https://newsonair.gov.in/Main-News-Details.aspx?id=439811 BNE India’s exports of Ceramics and Glassware products for 2021-22 hit a record at 3 thousand 464 million US dollar. US markets tumble more than 2.5% https://newsonair.gov.in/Main-News-Details.aspx?id=439734 BNE US markets tumbled more than 2.5% yesterday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors. Global crude oil prices post weekly loss of nearly 5% https://newsonair.gov.in/Main-News-Details.aspx?id=439731 BNE Global crude oil prices posted a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China may hurt demand even as the European Union considers a ban on Russian oil that would tighten supply. FM Nirmala Sitharaman says India’s economic growth in current year is estimated to be 8.9 percent https://newsonair.gov.in/Main-News-Details.aspx?id=439685 BNE Finance Minister Nirmala Sitharaman said that India’s economic growth in the current year is estimated to be 8.9 per cent, highest among all large economies. Finance Minister Nirmala Sitharaman interacts with CEOs of Accenture, Deloitte, FedEx and Mastercard in Washington DC https://newsonair.gov.in/Main-News-Details.aspx?id=439647 BNE Finance Minister Nirmala Sitharaman met Chief Executive Officers of Accenture, Deloitte, FedEx and Mastercard in Washington DC today. IMF growth projection for India during 2022-23 is 8.2 percent that is fastest growing economy: Nirmala Sitharaman https://newsonair.gov.in/Main-News-Details.aspx?id=439627 BNE Finance Minister Nirmala Sitharaman has said that the latest IMF growth projection for India during 2022-23 is 8.2 percent which is the fastest among major economies in the world. Tebma Shipyards Ltd signs agreement with OSL to build two 62-tonne Bollard Pull Tugs https://newsonair.gov.in/Main-News-Details.aspx?id=439617 BNE Tebma Shipyards Ltd, a wholly owned subsidiary of public sector Cochin Shipyard Limited has signed an agreement with Ocean Sparkle Limited (OSL) to build two 62-tonne Bollard Pull Tugs. G20: Finance Minister Nirmala Sitharaman calls for proactive and collective efforts toward protecting economies https://newsonair.gov.in/Main-News-Details.aspx?id=439565 BNE Finance Minister Nirmala Sitharaman has said G20 is well placed to catalyze international policy coordination to deal with macroeconomic consequences and called for proactive and collective efforts toward protecting economies. EPFO adds 14.12 lakh net subscribers in February this year https://newsonair.gov.in/Main-News-Details.aspx?id=439536 BNE Employees' Provident Fund Organisation (EPFO) has added 14.12 lakh net subscribers in the month of February this year. Union Minister Piyush Goyal says India’s non-basmati rice exports have witnessed an astounding growth of 109 percent https://newsonair.gov.in/Main-News-Details.aspx?id=439521 BNE Commerce and Industry Minister Piyush Goyal has said that India’s non-basmati rice exports have witnessed an astounding growth of 109 percent.