Reserve Bank Governor Shaktikanta Das on Wednesday said in the wake of appreciating US dollar, the movement of rupee has remained least disruptive as compared to its peers, and the size of foreign exchange reserve is comfortable. On a financial year basis (from April to October 2022), the rupee has appreciated by 3.2 per cent in real terms, even as several major currencies have depreciated, he said while announcing the latest set of bi-monthly monetary policy. "The story of the rupee has been one of India's resilience and stability," the Governor said while pointing out that the appreciation of the US dollar this year, which precipitated large-scale depreciation of all major global currencies including the Indian rupee, has drawn wide attention.
A special court in Chhattisgarh's Bilaspur district granted bail to three persons, including two nuns from Kerala, arrested on charges of human trafficking and forced religious conversion.
The Calcutta High Court reviewed a progress report submitted by the Kolkata Police regarding the investigation into the alleged gang rape of a student at South Calcutta Law College. The court has requested a further report in four weeks.
Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. "Mr.@BillGates visited RBI Mumbai today and held wide ranging discussions with Governor @DasShaktikanta #RBI #rbitoday #rbigovernor #shaktikantadas #BillGates," RBI said in a tweet. Gates Foundation pursues a lot of activity in India including promotion of financial inclusion, health sector and climate change.
Office space owners are looking at good times ahead as rentals are expected to rise due to demand for Grade A office spaces outpacing supply that has been sluggish due to construction delays, long gestation periods and developers' interests shifting to residential.
Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.
'Happy Holi my friends. It is such a fun time to be in India to celebrate a very special day.'
'Day by day we expose how soulless we have become as a society. Every day is a disappointment.'
Karnataka has commenced a survey for the sub-classification of Scheduled Castes (SCs) in the state, which will continue until May 17. The exercise, led by a one-man commission headed by retired High Court Judge Justice H N Nagamohan Das, aims to gather empirical data on 101 castes within the SC list and provide clear recommendations on sub-quotas. The survey will be conducted in three phases, with designated camps for those who miss the first phase and online registration for those residing outside their towns. The Supreme Court's August 1, 2024, verdict upholding the constitutionality of sub-classification within SCs provided the legal basis for this initiative. The commission aims to address discrepancies in the status of certain SC castes and provide a comprehensive report within 60 days.
A priest of the Jagannath Temple in Puri is setting up a 300-room luxury resort with a strong spiritual focus, aiming to offer a "satvik" experience to pilgrims and travellers seeking spiritual serenity with modern comforts. The beachside project, valued at Rs 200 crore, will be a pure vegetarian and non-liquor retreat, offering a blend of spiritual tranquillity and luxury hospitality. The 'Jagannatham' project, being built on a seven-acre beachfront plot, is expected to open in 14-16 months, before the Rath Yatra of 2026.
The recurve events saw a mixed day for India.
Pakistani Hindu refugees residing in Delhi's Majnu Ka Tila are experiencing anxiety over their visa status despite government clarifications regarding Long Term Visas (LTVs). The government's decision to revoke all visas issued to Pakistani nationals, following heightened tensions between India and Pakistan, has left many refugees worried about their future. While LTVs for Hindu Pakistani nationals remain valid, the renewal process every two years and ongoing citizenship applications under the Citizenship (Amendment) Act, 2019, have fueled concerns. The Delhi Police has initiated a verification drive, adding to the unease among the refugees, who fear being uprooted yet again. The article highlights the plight of these refugees, who have fled Pakistan seeking a better life in India, and the uncertainties they face in the current political climate.
A unique dessert to add to your Ganesh Utsav menu.
At least five people were injured after an assailant attacked people with an iron rod in the Golden Temple premises on Friday.
India's men's and women's recurve archery teams bowed out of medal contention at the World Cup Stage 2 in Shanghai on Thursday, the men finishing fourth and the women exiting in the pre-quarter-finals.
Bangladesh beat New Zealand by five wickets in the opening Twenty20 International at McLean Park, Napier, on Wednesday after dismissing the hosts cheaply for the second time in four days.
In Mike Hesson's first assignment as Pakistan's new white-ball head coach, Hasan Ali grabbed a 5-30 and led a new-look Pakistan T20 cricket team to a thumping 37-run win over Bangladesh in the opening game of their three-match series.
Two brothers have been arrested in connection with the brutal murder of a father-son duo during communal violence in Murshidabad district, West Bengal. The arrests bring the total number of people apprehended in connection with the recent violence in the district to 221. The violence erupted during protests against the Waqf (Amendment) Act.
A group of around 130 Dalit families in West Bengal's Purba Bardhaman district have been facing discrimination for centuries, being denied access to a local temple. The families, belonging to the traditional community of cobblers and weavers, have been ostracized and face economic hardship due to this caste-based practice. Despite recent attempts by the administration to resolve the issue, the situation remains tense and the families are left with few options.
The result was the first drawn game in Galle for 12 years.
A fanciful air envelopes Aap Jaisa Koi's modest drama, of a story lost in its own bubble that's only burst by villains in the form of judgemental jerks and heroes in need of rescuing, observes Sukanya Verma..
The Raja Parba or Raja festival celebrates the enduring spirit of womanhood.
Cricketers from the Indian subcontinent also showcased their devotion through temple visits and rituals.
In a significant move, 130 Dalit families in West Bengal were finally allowed to enter the Gidheshwar Shiv Temple after being barred for nearly three centuries due to caste discrimination. The families, who are primarily cobblers and weavers, had faced social and economic exclusion for their attempts to worship at the temple. Local authorities intervened after multiple rounds of discussions with village elders, temple servants, and political leaders, leading to a resolution of the long-standing dispute.
While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused "some degree of volatility". He also hit out strongly against "smart accounting" to conceal stress and bloat financial performance.
Rishi Ajay Das, the founder of Kinnar Akhada, has expelled both Mamta Kulkarni and Acharya Mahamandaleshwar Lakshmi Narayan Tripathi from the Akhada.
The Bengalis have their own special variety of spicy-sweet tomato chutney usually had at the end of a meal.
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
Women's recurve team knocked out
A great breakfast option, they make for a tasty lunchbox meal as well.
The Cricket Association of Bengal (CAB) paid tribute to the victims of the terror attack in Pahalgam before the IPL match between Kolkata Knight Riders and Punjab Kings at the Eden Gardens.
Former Chief Justice of India D Y Chandrachud addresses the controversy surrounding his continued stay at his official residence after retirement, citing his daughters' medical needs and ongoing efforts to move to suitable accommodation.
The Odisha police, in its FIR on the killing of Health minister Naba Kishore Das, said the accused assistant sub-inspector (ASI) Gopal Das had "clear intention" to kill the minister.
Shah Rukh Khan won his first National Film Award for best actor for Jawan, sharing the honour with Vikrant Massey for 12th Fail. Rani Mukerji was named best actress for Mrs. Chatterjee vs Norway. 12th Fail was adjudged best feature film.
This recipe is made with low-fat yoghurt and garnished with chopped nuts, saffron and dry rose petals.
Earlier in the day, Dhiraj was also part of the Indian trio alongside veterans Tarundeep Rai and Atanu Das that settled for silver after a 1-5 loss to China in the team final.
Indian Archery League set for October launch; Lee gets SAI approval as India coach
'What signal would we be sending -- that we don't stand by our friends?'
Bethica Das offers a special version of the traditional Gujarati style Methi Nu Thepla.
