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June 19, Tuesday 2018 6:32 AM       
       HEADLINES: Police driver transfered for refusing to do menial jobs                                              Youth found dead                                              Varappuzha custody death: Bail for RTF officers                                              MLA K Kunjiraman hospitalized                                              Expert panel will probe construction of check dams:Pinarayi                                              Minister hospitalised on day seven of strike                                              Four Assam rifles jawans killed in Nagaland                                              Delhi HC asks who authorised Kejriwal's sit-in at LG's office                                              Three killed, 100 injured in Japan earthquake                                              Iran's president to visit Switzerland, Austria amid nuclear deal row                                              Messi regrets missing penalty against Iceland                                              Kaumudi Facebook
       BUSINESS  
         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."

 
         Bajaj Finance Limited offers health insurance on no cost EMI    
 
 
Pune (Maharashtra): Bajaj Finance Ltd. (BFL), the lending and investment arm of Bajaj Finserv, is offering its customers an option to buy health insurance products from some of the leading insurance companies in India and pay through no cost EMIs. Customer buying Health Insurance in categories like Individual Health Insurance, Family Health Insurance, Maternity health insurance, Personal Accidental Cover, Critical Illness Plan or Health Insurance top up can pay the premium through 6 easy EMIs.

 
         RBI gives big relief to MSME sector    
 
 
New Delhi: Providing major relief to the MSME sector, RBI today eased NPA classification norms for such units facing input credit linkages and associated issues. "In continuation of support and relief to MSMEs, NPA recognition for GST and non GST MSMEs now at 180 days for dues up to December 31, 2018. Tapering norm from January 1, 2019 to encourage GST registration" Financial Services Secretary Rajiv Kumar said in a tweet.

 
         Growth indicators suggest economic revival: RBI    
 
 
Mumbai (Maharashtra): Reserve Bank of India (RBI) Deputy Governor Dr. Viral Acharya said growth indicators have suggested that economic revival is taking place on sound footing. Acharya's statement comes after the Reserve Bank on Wednesday hiked the repo rate and reverse repo rate to 6.25 percent and 6 percent respectively.

 
         Lenders of Ruchi Soya asked for rebidding: Ramdev    
 
 
NEW DELHI: Yoga guru Ramdev has said that the lenders of bankruptcy-hit Ruchi Soya Industries Limited have asked for rebidding between two bidders - Patanjali Ayurved and Adani Wilmer.

 
         Markets extend losses as RBI decision looms    
 
 
MUMBAI: Benchmarks buckled under selling pressure for the third straight session today as investors remained on the sidelines ahead of RBI's policy decision.

 
         Sensex down 102 pts in cautious trade    
 
 
MUMBAI: The BSE benchmark Sensex slipped below the key 35,000-mark in early trade today following losses in banking, power, realty and capital goods stocks.

 
         IDBI Bank MD appointed RBI Dy Governor    
 
 
NEW DELHI: The Centre on Monday announced the appointment of IDBI Bank managing director (MD) and chief executive officer (CEO) Mahesh Kumar Jain, as the fourth deputy governor of the Reserve Bank of India (RBI).

 
         Sensex slumps 215 pts; RBI policy meet gets underway    
 
 
MUMBAI: Benchmark Sensex tanked over 215 points to close at 35,011.89 today as cautious investors trimmed their portfolios amid the RBI's monetary policy meeting getting underway.

 
 
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