The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
The Ministry of External Affairs reported that 275 Indians remain missing following devastating flash floods along the Nepal-Tibet border, while 166 others have been rescued. India has supplied 95 tonnes of relief material and deployed 54 personnel, including rescue and forensic experts, to assist Nepal. The death toll in Nepal has reached 1,295, with thousands still missing, and significant infrastructure damage reported. India has also highlighted the need for developed countries to lead in climate change action.
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.
Russian cosmonauts aboard the International Space Station have conveyed special greetings to the people of India as the nation prepares to mark its 80th Independence Day, holding the Indian tricolour and underscoring the enduring partnership between the two countries in space exploration.
The Election Commission has informed the Supreme Court that over 37 lakh appeals concerning deletions or inclusions in West Bengal's electoral rolls remain pending under the Special Intensive Revision. The apex court-appointed tribunals have disposed of only a fraction of the 38.20 lakh appeals filed, prompting the Supreme Court to seek data and a plan for streamlining the adjudication process.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
The death toll from devastating flash floods in Nepal has reached 1,344, with rescue teams continuing to search for approximately 5,000 missing individuals, including foreign nationals, as identification of victims proves challenging due to the condition of recovered bodies.
Jammu and Kashmir Chief Minister Omar Abdullah has expressed support for the Centre's decision to levy charges on UPI transactions, citing the cost of maintaining the digital payment infrastructure. However, he emphasised the need to protect retail consumers from these fees. Abdullah also discussed the upcoming seven-day Assembly session, highlighting the government's commitment to smooth functioning and addressing MLAs' concerns, and touched upon efforts to tackle drainage issues affecting water bodies.
What happens to my money if the market falls off a cliff tomorrow? Sandipan Roy, CIO, Motilal Oswal Private Wealth has the answer.
India's urban unemployment rate for individuals aged 15 and above marginally increased to 6.7 per cent in April-June, while rural unemployment rose to 4.8 per cent, according to the latest Periodic Labour Force Survey (PLFS). This rise in unemployment coincides with a notable decline in the overall labour force participation rate (LFPR) to a five-quarter low of 54.6 per cent.
India is hosting the 18th BRICS Summit in New Delhi, bringing together numerous world leaders including presidents from China, Russia, South Africa, Iran, and Egypt, along with prime ministers and foreign ministers from other nations. The summit will feature bilateral talks and highlights the expanded BRICS grouping's growing global influence and India's significant role as a founding member and current chair.
Bangladesh on Wednesday expressed outrage over deposed prime minister Sheikh Hasina's media interaction in New Delhi, saying the event has hurt the sentiments of its people and could adversely affect efforts to improve bilateral ties with India.
The first phase of the Delhi University Students' Union (DUSU) polls recorded a 36% voter turnout, with a keen contest between ABVP, NSUI, and the AISA-SFI alliance. Student concerns like accountability, affordable accommodation, and accessible administration were prominent, influenced by past protests. The election also saw allegations between student groups and extensive security arrangements.
Indian women's hockey coach Sjoerd Marijne discusses the team's preparations and strategy for the upcoming Asian Games. He highlights the different challenge posed by lower-ranked opponents compared to the World Cup, emphasising the need for effective scoring and maintaining focus. Marijne also stresses using the World Cup disappointment as motivation for gold and the importance of humility and unity within the team.
On August 8, 1942, Mahatma Gandhi gave India a simple but powerful call: 'Do or Die'. What followed was the Quit India Movement, one of the largest mass uprisings against British rule.
'Now the institutions which have the might of law invested in them think that whatever they do is right.'
President Donald Trump has advocated for stricter electoral laws in the US, praising India's election system and its requirement for photo identification. He highlighted Chief Election Commissioner Gyanesh Kumar's questioning of the lack of voter ID in American polls and used India's high voter turnout with minimal postal ballots as an example. Trump is pushing for the SAVE America Act, which would mandate proof of citizenship and nationwide voter ID, though the bill faces division in Congress.
The Central Board of Film Certification (CBFC) flagged the proposed screening of an uncertified documentary on jailed activist Umar Khalid at IIIT-Hyderabad, citing violations of the Cinematograph Act. IIIT-Hyderabad subsequently distanced itself from the event, stating no recognised student bodies had organised it. The screening, titled "Prisoner No. 626710 is Present," was reportedly cancelled by students, following a similar postponement at NLSIU Bengaluru due to opposition.
The death toll from devastating flash floods in Nepal has tragically risen to 903, with 4,247 people still reported missing, including security personnel and foreigners. India has dispatched an 18-member team of forensic experts to assist with DNA analysis and identification of victims.
Prime Minister Narendra Modi hosted a gala dinner for BRICS Summit leaders and delegates at Bharat Mandapam. The menu featured a range of Indian delicacies, including starters like 'khandvi mille' and 'khumb galouti', main courses such as 'paneer lababdar' and 'gucchi marmik', and desserts like 'shahtoot phirni'. The dinner was accompanied by a cultural performance.
August 15 was the date of India's Independence, so why did transfer of power happen at the stroke of midnight August 14-15?
The BJP has announced a month-long 'Seva Sankalp Abhiyan' campaign, starting on Prime Minister Narendra Modi's birthday, September 17, to commemorate his 25 years in public life. The initiative includes various programmes like 'Seva Diwas', 'Ashirwad Ka Diya', 'Seva Jyoti Kalash Yatra', youth yatras, and innovation challenges, all aimed at public participation and promoting the vision of 'Viksit Bharat 2047'.
SEBI Chairman Tuhin Kanta Pandey stated that the National Stock Exchange (NSE) has not submitted any proposal seeking approval to trade on its own platform after getting listed, and such trading is currently not permitted. He also confirmed that SEBI would examine concerns raised by brokers and asset management companies regarding the new UPI Merchant Discount Rate (MDR) framework.
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.
TRAI Chairman Anil Kumar Lahoti has called for robust safeguards, human oversight, and intervention capabilities as Artificial Intelligence becomes increasingly integrated into telecom networks. While acknowledging AI's potential to transform network management and threat detection, Lahoti stressed the need for responsible AI deployment, risk assessments, and clear accountability to ensure consumer trust and prevent misuse, especially in combating online fraud.
=The investigation is examining the circumstances surrounding the aircraft's sudden altitude variation and the actions of the flight crew.
Indian tennis prodigy Manas Dhamne, 18, discusses his journey as a professional, highlighting the need to regain his instinct for closing out tight matches and achieving consistent performance. Despite recent challenges, Dhamne believes his game is strong and focuses on mental consistency and continuous improvement rather than major technical changes or specific ranking targets.
A new report by Philips indicates that Artificial Intelligence is significantly enhancing healthcare in India, with 71% of professionals reporting increased patient capacity and 85% believing it improves patient outcomes. AI is also seen as a tool to improve access to quality healthcare in rural areas, with patients also embracing its benefits for more meaningful interactions with doctors.
The pilot-in-command of an Air India Phuket-Delhi flight that experienced a sudden 300-foot altitude drop last week has tested positive for a psychoactive substance, identified by sources as marijuana, in a confirmatory test. This development comes as Civil Aviation Minister K Rammohan Naidu met with Air India executives to discuss the serious incident, which left 24 people injured.
From ancient gurus to pioneering educationists and social reformers, India's history is peopled by remarkable teachers who saw learning as a force for change.
World No. 4 badminton player Anders Antonsen has called for the India Open tournament to be moved from its traditional January-February slot due to severe winter pollution in New Delhi. He described the conditions as "insane" and "not pleasant to play in," causing a burning sensation and poor visibility. Antonsen believes the current time of year is much better for hosting such events.
The Indian government has introduced a 0.4% transaction fee on UPI payments above Rs 2,000 for merchants, effective October 15, sparking a political row. The Congress party has labelled it a "Modi tax" and accused the government of succumbing to US pressure, while the BJP has defended the move, clarifying that consumers will not be charged and small vendors are protected. The finance ministry reiterated that the charge is on merchants, not customers.
'When a glacier collapse or a major flood event does occur, the water will simply reclaim its original path, and anything built in that path will be swept away.'
A Kishore Kumar song, a birthday cake, a prince's break from protocol to thank his driver, a Persian painting on the ceiling of the presidential residence -- the BRICS Summit had many memorable moments.
A nearly 20-foot-deep well, estimated to be a century old, was discovered beneath the debris of a recently demolished mosque on the Saharanpur collectorate premises. The Archaeological Survey of India has been informed to assess its historical significance, while police remain deployed at the site.
'I know China will implode. It is scientifically impossible for China to control a nation through the barrel of a gun.'
A senior Geological Survey of India official warns that the Himalayas are vulnerable to cascading disasters, where one high-altitude event can trigger a chain of destructive events downstream, as evidenced by Nepal's recent floods. He stresses the need for integrated monitoring using satellite data and ground investigations to identify high-risk areas and improve preparedness in the Indian Himalayas.
Veteran Congress leader Karan Singh has called for the establishment of a Himalayan authority involving all Himalayan nations, including India, Pakistan, and Nepal, to protect the fragile mountain range from destruction. He also criticised the four-laning of highways in Uttarakhand's Char Dham region, deeming it "reprehensible" due to its environmental impact. His appeal comes as Nepal grapples with devastating flash floods, highlighting the region's vulnerability.
Sculptor Akash Tirmal explains how he designed the 22 feet idol of Ganesh Galli's MumbaiCha Raja using Plaster of Paris, without any readymade moulds.
