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Author: admin

RBI issues fresh guidelines asking banks, NBFCs not to levy penal interest on borrowers in case of default 

Posted on August 18, 2023 By admin
RBI issues fresh guidelines asking banks, NBFCs not to levy penal interest on borrowers in case of default 

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…

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Business

How the deadliest virus in human history paved the way for new cures

Posted on August 18, 2023 By admin
How the deadliest virus in human history paved the way for new cures

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…

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Science

Rupee rises 7 paise to 83.02 against U.S. dollar

Posted on August 18, 2023 By admin
Rupee rises 7 paise to 83.02 against U.S. dollar

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…

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Business

Markets decline on weak global trends, foreign fund outflows

Posted on August 18, 2023 By admin
Markets decline on weak global trends, foreign fund outflows

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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Business

Negotiating a life with amyotrophic lateral sclerosis

Posted on August 17, 2023 By admin
Negotiating a life with amyotrophic lateral sclerosis

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…

Read More “Negotiating a life with amyotrophic lateral sclerosis” »

Science

Supply shocks not over, inflation to average well above 6% in Q2, say RBI officials

Posted on August 17, 2023 By admin
Supply shocks not over, inflation to average well above 6% in Q2, say RBI officials

 “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” »

Business

Sci-Five | The Hindu Science Quiz: On Elephants

Posted on August 17, 2023 By admin
Sci-Five | The Hindu Science Quiz: On Elephants

Sci-Five | The Hindu Science Quiz: On Elephants Elephants are seen on the edge of the forest at Pongara National Park, near Libreville, Gabon, October 16, 2021. START THE QUIZ 1 / 5 | What do elephants do to protect themselves from the sun? Go underwater Fan themselves Cover themselves in dust Find shade under…

Read More “Sci-Five | The Hindu Science Quiz: On Elephants” »

Science

Markets snap 2-day winning run; Sensex slumps nearly 390 points on weak global cues

Posted on August 17, 2023 By admin
Markets snap 2-day winning run; Sensex slumps nearly 390 points on weak global cues

The bull statue at Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC, and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex…

Read More “Markets snap 2-day winning run; Sensex slumps nearly 390 points on weak global cues” »

Business

Rupee falls 2 paise to close at all-time low of 83.10 against U.S. dollar

Posted on August 17, 2023 By admin
Rupee falls 2 paise to close at all-time low of 83.10 against U.S. dollar

The rupee pared its initial gains and settled for the day lower by 2 paise at an all-time low of 83.10 (provisional) against the U.S. dollar on Thursday, weighed down by a strong greenback overseas and a negative trend in domestic equities. Forex traders said rupee is likely to trade with a negative bias on…

Read More “Rupee falls 2 paise to close at all-time low of 83.10 against U.S. dollar” »

Business

ISRO’s Chandrayaan-3 moon lander separates from propulsion module

Posted on August 17, 2023 By admin
ISRO’s Chandrayaan-3 moon lander separates from propulsion module

After the separation of the two modules, a series of complex braking manoeuvres will be executed to facilitate a soft landing in the south polar region of the moon. The lander is expected to touch down on the moon surface at 5.47 p.m. on August 23, 2023. After 34 days on board the Chandrayaan-3 spacecraft,…

Read More “ISRO’s Chandrayaan-3 moon lander separates from propulsion module” »

Science

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