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Image for representation | Photo Credit: NAGARA GOPAL The story so far: On August 17, the Reserve Bank of India (RBI) commenced a pilot programme endeavouring to evaluate the feasibility of the ‘Public Tech Platform for Frictionless Credit’. The announcement was first made when the central banking regulator enumerated developmental and regulatory policies following the conclusion…
Rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar Mumbai: The Rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar on Friday, weighed down by a negative trend in domestic equities and foreign fund outflows….
Read More “Rupee Falls 1 Paisa To Close At All-Time Low Of 83.10 Against US Dollar” »
A picture taken from the camera of the lunar landing spacecraft Luna-25 shows the Zeeman crater located on the far side of the moon, August 17, 2023. | Photo Credit: Reuters Russia’s lunar spacecraft entered the moon’s orbit on Wednesday, a major step towards the country’s ambition of being the first to land on the…
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A new study published in Nature Communications found platelets to play an instrumental role in developing potential new treatments for Alzheimer’s disease. Image for representational purpose only. | Photo Credit: Reuters Scientists have found that an injection of specific blood molecules can replicate the benefits of exercise in the brain, paving the way for potential…
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Representational image. File | Photo Credit: Reuters Reserve Bank of India (RBI) has issued fresh guidelines to the Regulated Entities (REs) such as commercial and other banks, Non-Banking Finance Companies (NBFCs) and other lenders to ensure reasonableness and transparency in disclosure of penal interest. This follows findings that many REs are using penal rates of…
This is part II of a two-part story on the virus that caused the Great Influenza epidemic. Read part I here. The United States Centers for Disease Control and Prevention (CDC) is the apex organisation in the U.S. on matters of public health and safety. Research on any new infectious agent must be first approved…
Read More “How the deadliest virus in human history paved the way for new cures” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee recovered from its all-time low levels and appreciated by 7 paise to 83.02 against the U.S. dollar in early trade on August 18 as the American currency retracted from its elevated levels. However, a muted trend in domestic equities, foreign fund outflows and…
Read More “Rupee rises 7 paise to 83.02 against U.S. dollar” »
Markets also declined as IT stocks slipped. File. | Photo Credit: PTI Equity benchmark indices fell in early trade on August 18 amid bearish global cues and fresh foreign fund outflows. Markets also declined as IT stocks slipped. The 30-share BSE Sensex was down 297.62 points to 64,853.40. The NSE Nifty dipped 88.75 points to…
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The only way Nita Parekh (69) of Pune, is able to communicate with her family and, on rare occasions, with others is by blinking her eyes and nodding slightly. “The last time I saw her standing was probably in August 2021”, said Sohil Parekh (45), Mrs. Parekh’s only child and primary caregiver, along with his…
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“The vulnerability of the economy to recurring incidence of vegetable price shocks, especially ahead of and during the monsoon, warrants major reforms in perishable supply chains.” | Photo Credit: PTI The incidence of supply shocks was not over and the elevation in vegetable prices had extended into the first half of August, RBI officials wrote in an article in the…
Read More “Supply shocks not over, inflation to average well above 6% in Q2, say RBI officials” »