RBI will provide new intra-day liquidity window to make NEFT 24x7 from next week

• RBI has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of NEFT on a 24x7 basis
• 'The LS facility will operate as per the same terms and conditions as the Intra-Day Liquidity (IDL) facility,' said RBI

India’s fuel demand jumps in November

• India’s economy grew 4.5% in the second quarter, its slowest pace since March 2013, due to a sharp contraction in manufacturing output
• While diesel demand increased by 8.80% to 7.55 mt in November, petrol demand increased by 9.22% to 2.53 mt

RBI central board discusses policy structure for cooperative banks, NBFCs

• The board's discussions focussed on issues related to urban cooperative banks, extension of enforcement policy and framework to cooperative banks, said RBI
• RBI central board also reviewed the current economic situation and domestic and global challenges

Assam, NE to face fuel supply problems if citizenship agitation continues

• Indian Oil Corp has been forced to shut down its Digboi refinery in Assam and is operating Guwahati unit at minimal throughput
• Sources said the agitation has blocked the movement of tankers and trucks, which are mostly used to supply petrol, diesel and LPG

Film review: 'Jumanji: The Next Level' is a breezy action comedy

• Four teenagers return to the game world in the sequel to 2017's 'Jumanji: Welcome to the Jungle'
• Director Jake Kasdan directs this special effects-dominated action comedy

Film review: ‘Mardaani 2’ does its best to unsettle

• The sequel to ‘Mardaani’ has Rani Mukerji’s supercop on the trail of a serial rapist in Kota
• Gopi Puthran’s film aims to unsettle the audience from the start

Fund crunch at non-banks may brew trouble for lenders: Moody’s

• Real estate developers are already under significant stress, and tighter funding will further increase it
• According to Moody’s, real estate companies are under significant stress, and tighter funding will further increase stress in the sector

Sanjay Leela Bhansali, Bhushan Kumar team up for film on Balakot air strikes

• The film will celebrate the valour and bravery of the Indian Air Force
• It will be directed by Abhishek Kapoor of Rock On!, Kai Po Che! and Kedarnath fame

Friday Film Wrap: ‘Mardaani 2’ big release of the week

• American fantasy adventure Jumanji: The Next Level comes to India this week
• Action thriller Mardaani 2, directed by Gopi Puthran and starring Rani Mukerji is one of the big releases this week

Fitch Ratings downgrades Ireda’s IDRs

• The state run firm has financed the largest share of renewable energy projects in India and plans to launch its own Alternate Investment Fund
• India’s electricity sector is going through a rough patch

Allahabad Bank cuts MCLR across tenors by 0.05% from Saturday

• The benchmark one-year MCLR has come down to 8.30% from 8.35% earlier, the bank said
• For the rest of the tenors from overnight to 6-month loans, the MCLRs are ranged from 7.80% to 8.15%

ICRA maintains negative year-end outlook for telecom industry

• The telecom industry is required to pay around ₹92,000 crore to the DoT in the form of retrospective AGR related dues
• Levies in the telecom sector are based on a percentage of their AGR

Looking at telecom industry demand to fix floor price: Trai

• Free voice calls and dirt cheap data by billionaire Mukesh Ambani's Jio has wrecked havoc on the industry
• After the ruling, Bharti Airtel, Vodafone Idea and other telecom operators have to pay ₹1.47 lakh crore in past dues

Paying salaries to BSNL employees govt's priority: Dhotre

• Our priority is to give salaries to BSNL employee, Union minister Sanjay Shamrao Dhotre informed the Rajya Sabha
• BSNL is in loss since 2010 and has a debt of around ₹20,000 crore

Telecom revenue falls 7% in 2018-19, says government

• The adjusted gross revenue for the telecom service sector stood at ₹1,44,681 crore in 2018-19 as against ₹1,55,680 crore in 2017-18, thereby showing a decrease of 7.06%
• The average revenue per user has come down from ₹124.85 in 2017-18 to ₹71.39 in March 2019

Govt rules out stake sale or disinvestment of BSNL, MTNL

• The government on Thursday ruled out any plans to sell stake sale in BSNL, MTNL
• The target for asset monetisation during the current fiscal year for BSNL and MTNL is ₹200 crore and ₹300 crore respectively

MIB reiterates its inclination towards self regulation in OTT

• The ministry of information technology (IT) will take care of broader user-generated content and social media
• Unlike television broadcasting and feature films, the video streaming industry in India will continue to enjoy creative freedom

BoB to sell Caribbean subsidiary to Trinidad and Tobago’s ANSA bank

• The lender has signed a binding share purchase pact for the sale of Bank of Baroda (Trinidad and Tobago)
• BoB’s subsidiary in Trinidad and Tobago had revenue of ₹23.9 crore and net worth of ₹5.54 cr in FY18

Mobile number portability unavailable this week. New Trai rules coming soon

• Trai has come up with a new set of rules to decide whether a subscriber is eligible for mobile number portability or not
• Users must have an active connection with the present operator for at least 90 days to request for potability

India assures global investors of payment security in green deals

• The announcement comes amid concerns of global investors about the Andhra Pradesh government’s decision to have a relook at renewable energy contracts
• Agreement between RBI, the Union and state governments provides comfort to power producers against payment defaults by state electricity boards