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An employee of a stock trading firm looking at a share price on his computer, in Mumbai. File photo | Photo Credit: VIVEK BENDRE Equity benchmark indices rebounded in early trade on Friday, February 9, 2024, amid buying in Reliance Industries, Tata Consultancy Services and ICICI Bank along with largely firm Asian markets. After a…
Read More “Markets trade firm on buying in Reliance, TCS; Sensex climbs 122 points” »
A farmer works on rice saplings at a paddy field on the outskirts of Guwahati, India, on January 31. | Photo Credit: AP The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. The government has also announced the launch of…
Read More “What are the regulations with respect to rice prices? | Explained” »
The story so far: In a major blow to fintech services provider Paytm, the Reserve Bank of India (RBI) barred its payments bank subsidiary, Paytm Payments Bank Ltd (PPBL) from obtaining further deposits and top-ups in its accounts or wallets from February 29. PPBL was barred from on-boarding news customers back in March 2022. The…
“We will each write a ghost story”, said Lord Byron; and his proposition was acceded to. And so on a cold and rainy supposedly summer night in 1816, four friends inspired by German ghost stories, gathered to write one. Among them, a young Mary Shelley, consumed by the idea of creating a story that would “curdle…
Read More “With CRISPR poised to revolutionise therapy, a pause to consider ethical issues” »
The EU has decided to impose carbon tax — CBAM — from January 1, 2026 on seven carbon-intensive sectors, including steel, cement, and fertiliser. | Photo Credit: PTI India should seek deferment on imposition of carbon tax by the European Union (EU) on engineering sector’s MSMEs by three years as domestic manufacturers may not have…
Read More “Parliament panel suggests govt to seek 3 years deferment on EU’s carbon tax for MSMEs” »
Finance Minister Nirmala Sitharaman tables white paper in the Lok Sabha on February 8, 2024. Photo: Sansad TV via ANI As promised in her Interim Budget, Finance Minister Nirmala Sitharaman laid a White Paper on the economy in the Lok Sabha on Thursday, outlining that the UPA’s 10 years in office created “an inheritance of…
Read More “White paper on the economy | We rescued the economy from crisis, says government” »
The rupee settled on a flat note at 82.96 (provisional) against the U.S. dollar. | Photo Credit: PTI The rupee settled on a flat note at 82.96 (provisional) against the U.S. dollar on February 8, after the Reserve Bank of India decided to keep the key policy rate unchanged for the sixth time in a…
Read More “Rupee settles on a flat note at 82.96 after RBI monetary policy decision” »
Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI’s monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 723.57 points or 1% to settle at 71,428.43….
Read More “Stock markets tumble 1% after RBI monetary policy decision; bank stocks drag” »
Sci-Five | The Hindu Science Quiz: On Wetlands 1 / 5 | What is a wetland? A dry arid region A region covered by water with its distinct ecosystems An elevated plateau-like region A man-made reservoir A wetland is a place in which the land is covered by water—salt, fresh, or somewhere in between—either seasonally…
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A QR code for the Paytm digital payment system at a road side stall in Mumbai. | Photo Credit: EMMANUAL YOGINI Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J. said the actions…
Read More “RBI says no systemic worries, action on Paytm due to “persisted non-compliance”” »
