'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
India's foreign exchange reserves experienced a substantial decline of USD 14.881 billion, reaching USD 765.901 billion for the week ending September 18, primarily due to a fall in foreign currency assets, as per recent RBI data.
India's foreign exchange reserves decreased by $4.92 billion to $780.78 billion for the week ending September 11, primarily due to a reduction in foreign currency assets and gold reserves, as per the latest RBI data.
Union Minister Ramdas Athawale stated that opposing reservation is unconstitutional and that the policy would be given up if casteism is eliminated. He highlighted the historical context of reservations for SC/ST and OBCs, and the Modi government's EWS quota. Athawale also criticised the opposition, praised government achievements, and discussed various welfare schemes and infrastructure projects in Chhattisgarh.
India's foreign exchange reserves have surged by a record USD 44.903 billion to a new lifetime high of USD 785.706 billion for the week ended September 4, driven by the Reserve Bank of India's concessional forex swap initiatives.
'The day we start making rules purely along caste lines, we only divide society further. That's the conversation the government needs to have, and soon.'
Delhi Police detained several anti-reservation protesters at Jantar Mantar who were demanding that economic criteria be prioritised over caste for government support and reservation. The protest, mobilised via social media by 'Reservation Hatao Andolan', proceeded despite police denying permission for Jantar Mantar and offering Ramlila Ground as an alternative venue. Demonstrators called for a review of the existing reservation system and the introduction of a creamy-layer criterion.
Uttar Pradesh Deputy Chief Minister Brajesh Pathak met with students leading a "reservation reform" movement, assuring them that their demands would be presented to the BJP's central leadership and a Union minister. The movement, led by anti-reservation activists, seeks equal opportunities, while Samajwadi Party chief Akhilesh Yadav criticised the "reform" as a plot against the PDA community, asserting the permanence of reservation rights.
The New Delhi police has heightened security at Jantar Mantar in New Delhi to prevent an anti-reservation protest.
Ladakh has approved a four per cent reservation for outstanding sportspersons in Group 'C' government jobs, becoming the first Union Territory in India to implement such a fixed quota. This initiative aims to provide financial security and career opportunities for talented athletes, fostering an ecosystem where sporting excellence is recognised and rewarded.
India's foreign exchange reserves saw one of their largest weekly expansions, surging by USD 14.136 billion to reach USD 707.002 billion during the week ended August 7, according to the Reserve Bank of India.
The Supreme Court has reserved its decision on a plea by the Tamil Nadu government challenging a Madras High Court verdict. The High Court had ruled that individuals converting to Islam are not automatically entitled to reservation benefits under the Backward Class (Muslim) category solely based on their conversion.
The Centre has informed the Supreme Court that the 'creamy layer' principle, which excludes affluent individuals from reservation benefits, does not apply to Scheduled Castes (SCs) and Scheduled Tribes (STs). This stance opposes Public Interest Litigations (PILs) seeking to implement such a principle for SC/ST reservations and to direct the government to formulate policies for more equitable distribution of reservation benefits.
The American military's air-defence missile inventories, including Patriot and THAAD interceptors, are significantly depleted due to the ongoing five-month confrontation with Iran. A CSIS assessment reveals a steep drop in reserve stocks, raising concerns about the US's capacity to maintain Middle East operations and address other global security challenges. This depletion could force the US and its allies to take higher operational risks.
The protest site at Antarwali Sarati village in Maharashtra's Jalna district, which served as the epicentre for the Maratha reservation agitation led by Manoj Jarange, has been dismantled after 1,123 days. Local residents and the sarpanch decided to remove the tent and stage to facilitate daily activities and traffic movement, marking the end of a significant chapter in the three-year-long demand for OBC quota for the Maratha community.
India's foreign exchange reserves increased by USD 6.118 billion, reaching USD 682.354 billion for the week ending July 24, according to the Reserve Bank of India.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
India's foreign exchange reserves increased by USD 1.08 billion to USD 676.237 billion for the week ended July 17, primarily due to a significant rise in foreign currency assets, despite a drop in gold reserves.
Institutional portion subscribed 12.68 times; retail crosses quota.
India's Monsoon session of Parliament remains formally unprorogued 40 days after adjournment, setting a new record. This unusual delay fuels speculation that the government intends to introduce a key legislation, possibly an amendment to the women's reservation law, without convening a new session. The proposed amendment aims for a 50 per cent seat expansion to address concerns over delimitation.
It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.
The Calcutta High Court criticised the Election Commission for reassigning the 'envelope' symbol to the Democratic Trinamool Congress, previously used by the ISF, for the Nandigram by-election. Justice Krishna Rao questioned the EC's fairness, especially when 183 free symbols were available, and adjourned the hearing until Friday.
The National Stock Exchange of India's initial public offering (IPO) was subscribed 5.69 times, with qualified institutional buyers (QIBs) showing the strongest demand, as the Rs 22,561-crore issue moves towards allotment and a planned listing on the BSE.
India's economy is projected to lose momentum in the second half of fiscal 2026-27, with tighter financial conditions, elevated energy prices, and broadening inflation pressures posing significant risks, according to DBS Bank economist Radhika Rao.
Disquiet has emerged within India's rowing camp at the Asian Games as some players claim they have been moved from their original events, with reserves taking their places. This has caused significant distress among the affected athletes just as competitions are set to begin.
Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.
Indian benchmark indices, Sensex and Nifty, saw an early rebound after significant losses, driven by value buying, though elevated oil prices and anticipation of the US Federal Reserve's policy decision tempered gains. Track Sensex, Nifty on September 16.
Indian benchmark indices, Sensex and Nifty, traded marginally higher in early trade despite the US Federal Reserve's recent rate hike and indications of further tightening, with the National Stock Exchange's much-anticipated Rs 22,569-crore IPO also opening for subscription.
Security forces in Arunachal Pradesh's Changlang district have seized 233 grams of suspected brown sugar, estimated to be worth Rs 46.60 lakh. Two individuals were arrested during the joint anti-narcotics operation conducted by Assam Rifles, Arunachal Pradesh Police, and CRPF. The contraband was found hidden in 21 soap cases.
Indian surfers Sugar Shanti Gayen and Kamali Prakash finished last in their respective women's shortboard heats during surfing's debut at the Asian Games in Tahara, Japan.
The finance ministry has announced that all banks, including Regional Rural Banks, will remain open on Sunday, September 27, 2026, to ensure public convenience amidst a proposed three-day strike by the United Forum of Bank Unions (UFBU) starting September 28, 2026. The strike, if it materialises, seeks a 5-day banking week and pension reforms.
Maratha quota activist Manoj Jarange has ended his 20-day hunger strike after discussions with a Maharashtra government delegation. He issued a three-month ultimatum, threatening to resume protests in Mumbai if demands for Maratha reservation, based on Kunbi lineage recognition, are not met. The government has assured action on historical gazettes to facilitate OBC benefits for Marathas.
Indian swimmer Benedicton Rohit finished joint-12th in the men's 50m butterfly heats at the Asian Games, narrowly missing a final spot.
Indian benchmark equity indices, Sensex and Nifty, rallied in early trade, driven by positive global market trends and easing crude oil prices, despite the US Federal Reserve's hawkish stance tempering overall sentiment. Track Sensex, Nifty on September 18.
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.
IPL players' auction for the 2027 season is slated to be held in India, marking a return after three overseas editions, with league chairman Arun Dhumal expressing a strong desire for a domestic venue.
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
The portfolio could be split between listed and unlisted investments, or structured along sectoral lines.
The Tamil Nadu government has appealed to the Supreme Court against a Madras High Court judgment. The High Court ruled that individuals converting to Islam cannot claim reservation under the Backward Class (Muslim) category solely based on conversion, striking down a state Government Order that allowed such benefits.
Maratha quota activist Manoj Jarange's crucial march to Mumbai for OBC reservation faces significant uncertainty as his health deteriorates amidst a hunger strike, prompting appeals from the Maharashtra government for dialogue and raising questions about the protest's continuation.
