Domestic news update ,,,

Unprovisioned bad loans of Indian banks rose 22.8% in the fiscal year 2007/08, junior finance minister told parliament.(FE)

- TRAI proposes per second based mobile tariffs; asks operators to cut SMS rates.(BL)

- NSE has reduced the margins for its stock lending and borrowing scheme.(ET)

- Indian Railways has planned a Rs300bn infrastructure spend which envisages upgrade and procurement of new assets of rolling stock during current fiscal.(FE)

- Government plans to bail out the shipping sector by providing 2-3% interest subsidy.(ET)

- FMCG prices set to come down with decline in input costs.(TOI)

- 3G auctions to begin on January 16, says DoT.(BL)

- Foreign exchange reserves fell by US$1.83bn to US$246bn for the week ended December 5.(FE)

- Textile companies top the distressed list for corporate debt recast.(BL)

- Domestic air traffic declined 21.3% yoy in November.(TOI)