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The Monetary Policy Committee (MPC) after assessing the current and evolving macroeconomic situation, voted to maintain the policy repo rate at 5.50%. Consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) remains unchanged at 5.25% and the marginal standing facility (MSF) rate and the Bank Rate at 5.75%. This decision is…
Some events are etched so deeply in history that each time we recall them, we pause with a sigh. It’s as though we’re watching a silent film, one that aches, teaches, and lingers. The bombing of Hiroshima and Nagasaki is one such moment. As time passes, the memory of what happened on those two days…
Read More “Remembering Hiroshima: Why one city still echoes in history” »
The Reserve Bank of India maintained its key interest rate at 5.50%; RBI Governor Sanjay Malhotra says they continue to monitor macroeconomic conditions on a policy-to-policy basis Source link
For representative purposes. | Photo Credit: iStockphoto The story so far: A report submitted by the Finance Minister in the Rajya Sabha states that 5,892 cases were taken up by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) 2002, since 2015. Of these cases, only 15 convictions have yet been ordered…
Read More “How should money laundering be tackled? | Explained” »
The U.S. has levied the third-highest tariff on India among the top 10 countries with which it has the highest trade deficits, an analysis has revealed. In other words, while the U.S. has a higher trade deficit with nine other countries than with India, it has levied higher tariffs on just two — China and…
Read More “U.S. trade deficit with 9 countries higher than with India, yet 7 face lower tariffs” »
Union Minister Ashwini Vaishnaw | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and Information Technology, in Bengaluru on Tuesday (August 5, 2025). During this transformative period, India was fortunate…
On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms…
Read More “After 14 years, Tamil Nadu records double-digit economic growth in real terms” »
According to the company statement, Haifa port operated unhindered throughout and reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume during the quarter, leading to overall volume growth of 29% YoY. File | Photo Credit: The Hindu Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday (August 5, 2025)…
Read More “Adani Ports & SEZ Q1 profit rises 6.54% to ₹3,310.60 crore” »
Benchmark stock indices Sensex and Nifty closed lower on Tuesday (August 5, 2025) following selling in oil, gas and banking shares ahead of the Reserve Bank’s monetary policy announcement on August 6. The 30-share BSE Sensex fell by 308.47 points or 0.38% to close at 80,710.25. During the day, it declined 464.32 points or 0.57%…
Read More “Sensex drops 308 points ahead of RBI policy decision; RIL, HDFC Bank major drags” »
Representative image | Photo Credit: Reuters The rupee depreciated 16 paise to close at 87.82 (provisional) against the U.S. dollar on Tuesday (August 5, 2025), as risk-off sentiment deepened after U.S. President Donald Trump renewed his threat to raise tariffs on Indian goods over New Delhi’s continued purchases of Russian oil. Forex traders said the…
Read More “Rupee falls 16 paise to close at 87.82 against U.S. dollar” »