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June 21, Thursday 2018 9:27 PM       
       HEADLINES: Cheriyan Philip to be Mission coordinator                                              Chengannur by-election: Congress man arrested for spreading controversial phone message                                              Collector seeks legal advice on demolishing check dams                                              Keralites jailed for cyanide poisoning                                              No one should try to hijack yoga, says CM                                              Yoga powerful unifying force in strife-torn world, says Modi                                              Swaraj discusses bilateral trade, investment with Luxembourg PM                                              India dismisses UN report branding terrorists as "leaders"                                              China 'colonising' terror-supporting Pak - EFSAS                                              My hardest day in cricket: Paine post England drubbing                                              Kaumudi Facebook
       BUSINESS  
         Aviation Ministry committed to strategic disinvestment of Air India    
 
 
New Delhi: The Civil Aviation Ministry on Wednesday said that the government is committed to give financial support to beleaguered national carrier Air India. Speaking to media on Wednesday, Union Minister of State for Civil Aviation Jayant Sinha said that the government would look after all its financial or liquidity requirements. The minister further informed that an alternate mechanism headed by Finance Minister Arun Jaitley was reviewing the situation, and as required will take appropr

 
         Exempted sectors should come under GST: Arvind Subramanian    
 
 
New Delhi: Arvind Subramanian, who has stepped down as the Chief Economic Advisor (CEA), opined that there are many exempted sectors that should be brought under the ambit of the Goods and Services Tax (GST). Addressing a press conference soon after Union Minister Arun Jaitley announced his resignation; Subramanian said the decision to bring petrol and diesel under the GST is a decision to be taken by the GST Council.

 
         Bajaj Finserv offers pre-approved personal loan to customers    
 
 
Pune: Bajaj Finance Ltd. the lending arm of Bajaj Finserv offers a pre-approved personal loan limit to its existing customer without any documentation. The existing customer of Bajaj Finserv can simply log on to the website of the company to check their pre-approved limit by just entering their name and mobile number. Customer can also view the assigned limit on other products offer by Bajaj Finserv. The new customers can check their eligibility online and calculate their EMI through the cal

 
         US dollar ends cheaper against rupee    
 
 
Mumbai: The US dollar ended cheaper against the rupee at Rs 68.08/09 per dollar and the pound sterling also finished lower at Rs 89.72/74 at the close of the Interbank Foreign Exchange (forex) market here today. Following are the Interbank forex and RBI rates :

 
         Pradeep Parameswaran appointed Uber President- India, South Asia    
 
 
New Delhi: Ridesharing platform Uber announced the appointment of Pradeep Parameswaran as the new President of India and South Asia, effective immediately.

 
         Google announces training programme for journalists    
 
 
NEW DELHI: Technology giant Google today announced the launch of a training programme for journalists, aimed at raising awareness against misinformation and providing new tools to the fourth estate against fake news.NEW DELHI: Technology giant Google today announced the launch of a training programme for journalists, aimed at raising awareness against misinformation and providing new tools to the fourth estate against fake news.

 
         Sensex tanks 261 pts as US-China trade spat escalates    
 
 
Mumbai: The BSE Sensex plunged around 262 points to end at a two-week low of 35,286.74 today, tracking a sell-off across Asian and European markets after the US and China escalated their trade dispute. The 30-share barometer opened positive, but soon fell on widespread selling. It finally settled at 35,286.74, down 261.52 points, or 0.74 per cent. This is its lowest closing since June 6, when it had ended at 35,178.88.

 
         US dollar ends higher against rupee    
 
 
Mumbai: The US dollar ended higher against the rupee at Rs 68.38/39 per dollar but the pound sterling finished lower at Rs 89.96/98 at the close of the Interbank Foreign Exchange (forex) market here today.

 
         WhatsApp Payments to be rolled out soon: here is how it's different from competition    
 
 
WhatsApp has been testing its Payments service extensively in India. The company has made special provisions with the Indian Government and various banks to make the transactions as seamless as possible. According to a report by PTI, around 1 million people are testing the new service in India.

 
         Ayushman Bharat: Only half the states ready to launch scheme on August 15; UP Bihar & West Bengal not prepared yet    
 
 
On August 15, when Prime Minister Narendra Modi will launch the Ayushman Bharat National Health Protection Mission (AB-NHPM), almost half of the states would not be part of it. Only 12-15 states will launch the scheme that day as the others are not prepared to roll it out on time.

 
         Audi boss arrested over diesel scandal    
 
 
The chief executive of German carmaker Audi, Rupert Stadler, has been arrested in connection with an investigation into the diesel emissions scandal. A spokesman for Volkswagen, which owns Audi, confirmed he was being held.

 
         India, US officials to meet soon to discuss concerns of both sides: Prabhu    
 
 
New Delhi: Senior officials of India and the US will soon meet to address concerns of both the sides, including issues related with visa, continuation of certain concession for exports, duty on steel and aluminium, and prices of certain medical devices. Commerce and Industry Minister Suresh Prabhu, who was in Washington earlier this week, said he held discussions with US Commerce Secretary Wilbur Ross and US Trade Representative Robert Lighthizer to find out ways to enhance trade and investme

 
         Rupee dives to 3-week low at 68.01 on macro-liquidity shocks    
 
 
Mumbai: The rupee today crumbled below the key 68-mark to end at a fresh three-week low of 68.01 against the US currency after the country's trade deficit widened more than expected amid renewed global trade war fears.

 
         Gold rises on mild demand, silver surges for 8th session    
 
 
Mumbai: Gold prices edged up by Rs 20 to Rs 31,100 per 10 grams at the bullion market today following mild demand from stockists and retailers.

 
         AFT directs govt to remove anomaly in HRA    
 
Chandigarh: The Armed Forces Tribunal (AFT) here has directed the Union government to resolve a long pending anomaly due to which the House Rent Allowance (HRA) of officers posted at Hard Non Military Stations (HNMS) was not being reimbursed even when there was no government accommodation available.

 
         Grand Finale of Smart India Hackathon from June 18-22    
 
Kolkata: The Grand Finale of Smart India Hackathon (SIH) 2018 Hardware edition would be held from June 18-22, a statement from the IIT Kharagpur said here today.

 
         GST refund drive extended till June 16    
 
 
NEW DELHI: The special fortnight-long drive to process pending Goods and Services Tax (GST) refunds has been extended by two more days till June 16. The government launched the second "Special Drive Refund Fortnight" from May 31 to June 14. During the first Refund Fortnight from March 15 to 29, an amount of Rs 5350 crore was sanctioned.

 
         Ind-Swift Laboratories raises Rs 424.5 crore via NCDs    
 
 
Drug firm Ind-Swift Laboratories today said it has raised Rs 424.5 crore through allotment of redeemable non-convertible debentures to two investors. The company has allotted 4,245 debentures to ECAP Equities Ltd and ECL Finance Ltd, Ind-swift Laboratories said in a BSE filing.

 
         RBI needs more powers to oversee PSB: Guv to panel    
 
 
New Delhi: The Reserve Bank needs more powers to oversee public sector banks (PSBs), Governor Urjit Patel told a parliamentary panel today amid mounting bad loans in state-run lenders.

 
         RBI Guv appears before Par panel; assures steps to strengthen banking system    
 
 
New Delhi: RBI Governor Urjit Patel today faced tough questions from a parliamentary panel on bad loans, bank frauds, cash crunch and other issues even as he assured the members that steps were being taken to strengthen the system, sources said.

 
         India decision to increase tariff on apples to hit US growers, say Congressmen    
 
Washington: A bipartisan group of about a dozen influential lawmakers today said the recent Indian decision to increase tariff on apples from 50 per cent to 80 per cent would hurt growers of the fruit in America. The lawmakers also alleged that India was abusing rules of the World Trade Organization (WTO).

 
         Snapdeal launches special store for Father's Day Gifting    
 
 
New Delhi: Celebrating the spirit of Fatherhood, Snapdeal, today announced the launch of its tailored Father's Day Store on its platform as a one-stop destination to pick special gifts for fathers. This store offers abundant options which range from interesting books to fitness products, watches, clothes, personalized products and gadgets. The store will have an easy access to a selection of over 10,000 products from about 50 types of gifts.

 
         RBI releases June '18 issue of monthly bulletin    
 
 
New Delhi: The Reserve Bank of India on Monday released the June 2018 issue of its monthly Bulletin. The Bulletin includes Second Bi-monthly Monetary Policy Statement for the Year 2018-19, a speech by the Top management, an Article and Current Statistics.

 
         'Trying to complete bullet train project by 2022'    
 
 
New Delhi: Union Railways Minister Piyush Goyal on Monday said India's ambitious bullet train project is likely to be completed by 2022, a year ahead of its estimated deadline, which is December 2023.

 
         Moily honoured with 'special award' by Chennai-based NGO    
 
 
Chennai: Six parliamentarians have received 'Sansad Ratna' awards while former Karnataka Chief Minister and senior Congress leader M Veerappa Moily has bagged a special award for heading the parliamentary standing committee on finance. Five MPs from Maharashtra and one from Odisha -- belonging to different parties -- won the best parliamentary performance award from Prime Point Foundation -- a Chennai-based NGO.

 
         Assocham for implementation of guidelines on direct selling by states    
 
Kolkata: Leading industry body Assocham has appealed to the government to advise all states for speedy implementation of Model Direct Selling Guidelines issued by the consumer affairs ministry in September 2016.

 
         SBI expects Rs 30,000cr recovery from resolution under IBC    
 
 
Kolkata: State Bank of India, the country's largest lender expects to recover around Rs 30,000 crore from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said today.

 
         Google will not develop AI for use in weapons: Pichai    
 
 
Washington: Google would not be developing artificial intelligence for use in weapons, its CEO Sundar Pichai has said, after facing a backlash over the technology giant's involvement in a Pentagon project. Google recently announced it would discontinue work with the Department of Defense on Project Maven, an artificial intelligence project that analyses imagery and could be used to enhance the efficiency of drone strikes.

 
         Economic growth may cross 8% in next 2 yrs: Prabhu    
 
 
New Delhi: India's GDP growth is likely to cross 8 per cent in the next two years and the government is taking a number of steps including formulation of a new industrial policy to double the economy's size to USD 5 trillion in 7-8 years, Commerce Minister Suresh Prabhu said today.

 
         RBI policy seems positive for growth revival: FICCI    
 
 
New Delhi: Federation of Indian Chambers of Commerce & Industry (FICCI) has hailed the Reserve Bank of India (RBI) monetary policy while calling it 'positive for growth revival.' Earlier in the day, the RBI announced a hike in the repo rate and reverse repo rate to 6.25 percent and 6 percent respectively. FICCI president Rashesh Shah said, "Today's 25 bps rise in repo rate by RBI is based on the ground realities and it indicates towards the positive sentiments in the economy."

 
 
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