Stay Connected. Stay Informed.
The rupee rates in the last six days. | Photo Credit: PTI The rupee was trading on a flat note after the Reserve Bank of India (RBI) on Thursday decided to keep policy rate unchanged for the sixth time in a row to maintain a tight vigil on inflation. At the interbank foreign exchange, the…
Read More “Rupee trading on flat note after RBI monetary policy decision” »
Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Equity benchmark indices climbed in early trade on Thursday ahead of the Reserve Bank of India’s interest rate decision, amid a rally in global markets. The 30-share BSE Sensex jumped 321.42 points to 72,473.42 in early trade. The Nifty climbed 80.55 points to…
Read More “Markets climb in early trade ahead of RBI’s interest rate decision” »
Securities and Exchange Board of India (SEBI) in Mumbai. File | Photo Credit: REUTERS Markets regulator SEBI proposed on Wednesday ways in which offshore funds whose India licences have expired can dispose of securities they hold, according to a discussion paper issued on the regulator’s website. A discussion paper is the first step taken by…
Read More “SEBI proposes ways for deregistered offshore funds to dispose of securities” »
Elamaram Kareem, CPI (M) MP from Kerala, says that there is no mention of the 60-crore workforce of India in the Bill. Only with Ayodhya, they cannot overcome the next election, he says. AITC MP Jawhar Sircar asks the government what is the GDP growth now. We get the impression that it is at its…
Panchayat leaders protesting excessive interference from State and Central governments in Chennai | Photo Credit: B. Jothi Ramalingam Only 1% of the revenue of panchayats was earned by them, with the rest being raised as grants from the State and the Centre, show data. Specifically, 80% of the revenue was from Central government grants; only…
Read More “Panchayats in India earn only 1% of their revenue through taxes | Data” »
Scientists attribute the exceptional warming to the combined effects of El Niño. File photo | Photo Credit: AP The world last month experienced the warmest January on record, with the global mean temperature for the past 12 months exceeding the 1.5° Celsius threshold, according to the European climate agency. However, this does not imply a…
Argentina’s President Javier Milei | Photo Credit: Reuters The government of Argentine President Javier Milei was seeking to salvage his wide-ranging economic reform package after Congress delivered a major blow a day earlier, casting doubt over its future and triggering a fall in financial markets. Lower house lawmakers rejected several crucial proposals in the bill,…
Read More “Argentina’s President weighs next steps after economic reform bill setback” »
View of Raman Research Institute in Bengaluru. | Photo Credit: Sudhakara Jain A research group at the Raman Research Institute (RRI) have designed a new image-correction technique capable of getting better images during the study of cold atoms or atoms at absolute zero temperature. The technique can get rid of 50% unwanted interference fringes…
Ma Jia, Chargé d’Affaires a.i. of Chinese Embassy in India India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event in Delhi celebrating the Chinese New Year, the envoy, Charge D’Affaires Ma Jia said…
Read More “India-China bilateral trade hit a new record in 2023: Envoy” »
Easing food prices may help cool India’s consumer price inflation (CPI) in January from the four-month high of 5.7% recorded in December, price trends for food plates and essential commodities for the last month indicate. Food inflation had hit 9.5% in December, with urban consumers facing a higher 10.4% uptick in prices. Bank of Baroda…
Read More “Food inflation may have lost some bite in January” »