The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
After spending around seven weeks inside the bio-bubble in India, the 23-year-old Bess is currently involved in the county season, looking to rediscover his form with Yorkshire.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
Akhtar said that India don't need to be scared as they can beat England on fair pitches.
Thousands lined the route to catch a glimpse as Queen Elizabeth II's coffin, seen in public for the first time, made its journey on Sunday from Balmoral Castle in Aberdeenshire to arrive at the late monarch's official Scottish residence of Holyroodhouse Palace in the capital city of Edinburgh.
Olonga wasn't a cricketing great, not even Zimbabwe's best during the golden era of the country's cricket, but the beaded hair, a slinging action and a mean bouncer to get Sachin Tendulkar out on a lifeless Sharjah track made him a household name in India.
Asked about his fleet of luxury cars and other references to his lavish lifestyle as the counsel for the banks cross-examined him, the Reliance Communications chief dismissed them as "speculative" media stories.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
South Africa skipper Faf Du Plessis says his team's batting firepower is dangerous for the rivals at the World Twenty20 as they gear up to clash with England, in Mumbai on Friday. Du Plessis said the team has enjoyed success at the Wankhede stadium and those good memories will spur them on to put up another good show. "Definitely, AB (De Villiers) is in good form at the moment and playing some good cricket. And past performances play a massive role when you come to the ground. As few of us did well against India in the final match in ODI series (played at the Wankhede stadium), and you use that to reflect on and try to repeat that performance," Du Plessis told reporters at the pre-match media conference. He said not only AB de Villiers but other batsmen in the side are also in good form. "Looking forward to see what AB (De Villiers) does for us in the tournament, but as I mentioned we have a few guys who are looking good and whole batting line up looks in good form and it is a dangerous sign for the opposition, it's just about putting together on the day," Du Plessis said.
A summary of sports events and sports persons, who made news on Sunday
HCL Tech was the top gainer in the Sensex pack, rallying around 5 per cent, followed by Tech Mahindra, Infosys, PowerGrid, Sun Pharma, L&T and Nestle India. NSE Nifty climbed 137.90 points or 1.03 per cent to 13,466.30.
All rounder Chris Cairns will end his Test career at Trent Bridge where the third and final Test starts on June 10.
Wounded VfL Wolfsburg, who drew 1-1 with Hanover 96 on Saturday after being crushed 5-1 by Bayern Munich last week, will meet Manchester United in Wednesday's Champions League game.
'The prospects for both India and the global economy is that we are headed towards a very difficult time.' 'I see very uncertain at least 8-10 months for both India and the rest of the world.'
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
Idiocy is the source of Heropanti 2's outdated thrills, observes Sukanya Verma.
Virat Kohli said not being able to contribute to the team's cause and his failure to live up to his own expectations bothered him the most during his prolonged lean patch in IPL 2022.
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
The construction work for the first phase of the stadium is likely to take 24 to 30 months.
Australian opener Ben McDermott and West Indies all-rounder Romario Shepherd are banking on their recent impressive performances to bag a maiden IPL deal, having gone unsold in the previous seasons of the lucrative T20 league.
England all-rounder Ben Stokes could face disciplinary action after a foul-mouthed row with a spectator after his dismissal in Friday's fourth Test against South Africa at The Wanderers. Stokes was shown on television exchanging insults with a middle aged man as he walked off the field after being caught cheaply for two runs in England's first innings on the opening day of the fourth Test at the Johannesburg venue, known as 'the bullring' for its often hostile atmosphere.
The apex bank held 586.44 tonne of gold as on September 30, of which 294.14 tonne are held overseas in safe custody with the Bank of England and the Bank for International Settlements, while the remaining gold is held domestically
West Indies coach John Dyson believes the return to fitness of all-rounder Dwayne Bravo could help the Caribbean side find the consistency they need to build on their first series win in five years.
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
England all-rounder Ben Stokes was fined and given a demerit point by the International Cricket Council (ICC) on Saturday after a foul-mouthed row with a spectator on Friday in the ongoing fourth Test match against South Africa. He was fined 15 percent of his match fee and given a demerit point after being charged by the ICC with a level one offence of "use of an audible obscenity".
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
'All that Mr Modi needed to do was to call Urjit Patel over for a cup of tea and ask him nicely, and this fuss would never have happened.'
A round-up of Tuesday's action in the UEFA Champions League.
Stirling Moss, the British racing driver who ranked as one of the all-time Formula One greats despite never winning the world championship, died on Sunday at the age of 90 after a long illness. News of his passing was mourned across the world of motorsport, with Formula One hailing a 'legend' and 'one of the true greats'.
Umran was a net bowler during India's last World T20 campaign in the UAE.
A look at the major names who were not retained by the IPL franchises.
Blood sucking locusts on the loose, a honeymoon gone awry, a disenchanted school teacher and a singing tropical rainforest mammal, Sukanya Verma lets you take your pick from the OTT spread this week.
Cairns, who has said he will retire from Test cricket after the England tour, added the New Zealand squad was one of the strongest he had experienced.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
Root said England could not afford to lower their guard against an attack which featured three bowlers -- Jason Holder, Kemar Roach and Shannon Gabriel -- who are among the top 20 in official Test rankings.
