United States Central Command (CENTCOM) forces, along with partner forces, conducted large-scale strikes against multiple ISIS targets across Syria as a part of Operation Hawkeye Strike.
The United States military killed a senior Al Qaeda-affiliated leader with direct links to the Islamic State ambush that targeted American soldiers in Syria in December in a strike carried out in the country's northwest region.
Banks have been borrowing heavily from the Tri-Party Repo (TREPS) market and deploying those funds into the Standing Deposit Facility (SDF) of the Reserve Bank of India (RBI), which is offering higher interest rate than the former, leading to increased volumes in the SDF window. The weighted average TREPS rate was trading at 5.66 per cent on Monday, 9 basis points lower than the SDF rate which currently stands at 5.75 per cent.
The Reserve Bank of India (RBI) has extended the trading hours for the interbank call money market from July 1, and that of repo and tri-party repo markets from August 1. Market participants said the decision is intended to help reduce the large Standing Deposit Facility (SDF) balances held by banks with the RBI, thereby addressing liquidity mismatches.
'One has to be very mindful because it will be applicable for big tech platforms and even for banks and insurers, whose business is completely different.'
Mixed views were expressed by top economists on the Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to hold the repo rate at 5.5% and maintain a neutral stance. While some say the decision was as expected and one more rate reduction is expected this fiscal, there is also a view that rate cut by MPC was warranted given the evolving global situation.
Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent.
In Sikkim, the BJP had not won a single seat in the recent assembly polls.
To ease the potential liquidity stress, the Reserve Bank on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. The RBI on May 4, 2022 had raised CRR to 4.5 per cent from 4 per cent in an off-cycle Monetary Policy Committee (MPC) meeting, with effect from May 21 the same year.
Ahead of this election, the alliance between the BJP and the SKM had broken down. One reason is the fear that like Article 370, Article 371F might also be changed.
The elections to 32 assembly constituencies in Sikkim were held simultaneously with the first phase of Lok Sabha elections on April 19.
'The central bank has highlighted that the slowdown in growth has been limited to a few sectors and overall growth is expected to pick up in the second half of the year.'
Fifteen years after quitting the Sikkim Democratic Front in 2009, he decimated Chamling's party, scripting history by winning 31 of 32 assembly seats in the Himalayan state in 2024.
The liquidity will move into deficit after advance tax payments and GST outflows. It will rebound in October because of government spending.
'After the 2024 election results, I have had the realisation that electoral politics is simply not for me. I am therefore quitting all forms of electoral politics with immediate effect.'
'These include economic prosperity, a promising future for youth, empowerment for women, a thriving society, robust healthcare, quality education, elevated living standards, agricultural prosperity, and robust social security coupled with effective governance.'
The Reserve Bank on Friday took steps towards normalisation of liquidity management to pre-pandemic levels, with the introduction of the standing deposit facility (SDF) as the basic tool to absorb excess liquidity, and narrowing the liquidity adjustment facility (LAF) to 0.50 per cent from the 0.90 per cent. Governor Shaktikanta Das said the SDF will be at 3.75 per cent, 0.25 per cent below the repo rate and 0.50 per cent lower than the marginal standing facility (MSF) which helps the banks with funds when required. The SDF has its origins in a 2018 amendment to the RBI Act and is an additional tool for absorbing liquidity without any collateral.
The trigger that led Japan and the Philippines to ink the deal was because of the deteriorating security situation in the South China Sea. China's coast guard increased the frequency and intensity of incursions into Philippine waters, provoking the Philippines to take countermeasures to deter China, explains Dr Rajaram Panda.
Banks submitted bids amounting to Rs 4.75 trillion, around 2.5 times of the notified amount of Rs 1.75 trillion, at the Variable Rate Reverse Repo (VRR) auction conducted by the Reserve Bank of India (RBI) on December 22, a day after the liquidity deficit in the banking system widened to Rs 2.5 trillion. In the most recent VRR auction held by the RBI on December 15, bids totaling 2.7 times the notified amount were received. Banks secured Rs 1 trillion at a weighted average rate of 6.63 per cent.
India on Thursday said it has approved the landing of Japanese commercial aircraft to collect humanitarian supplies from a UN depot in Mumbai for their distribution in Ukraine and its neighbouring countries.
Sixty-eight Rajya Sabha members, including nine Union ministers, are completing their tenure this year, triggering a race of sorts among leaders across political parties to eye a six-year term in the Upper House of Parliament.
The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. RBI Governor Shaktikanta Das announced the rate hike today. In the meeting of the Monetary Policy Committee (MPC) that started on Wednesday, five of the members of the MPC voted to hike the key lending rate, repo rate, by 50-basis points (bps).
In its scheme of things, tackling inflation now comes ahead of ensuring growth in the world's sixth largest economy, points out Tamal Bandyopadhyay.
'We have a situation where the BJP, with less than 2 per cent vote share, has 10 MLAs.'
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank now has crossed 6 per cent. This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.
The Sikkim Democratic Front got 15 seats in the hill state, Sikkim Krantikari Morcha, which came into being in 2013, bagged 17 seats, one more than required for a majority in the 32-member assembly.
The ruling Sikkim Democratic Front which has been in power continuously for 20 years under the leadership of Chief Minister Pawan Chamling, is flaunting its 'achievements' of two decades to woo voters this election even as it faces stiff challenge from the Sikkim Krantikari Morcha this time. The tiny Himalayan state known for its natural beauty and tourism potential is going for simultaneous elections to its only Lok Sabha seat and 40-member state assembly on April 12.
Bhaichung Bhutia, India's iconic former football captain, is set to try his political luck again, this time in his native state of Sikkim, as he plans to contest the assembly elections due this year.
Tokyo 2020 organisers held an earthquake drill on Thursday at Ariake Gymnastics Centre, a newly built venue for next year's Olympics, to test their readiness
Pawan Chamling is all set to become CM for the fifth time in a row; SDF party led by him sweeps the assembly polls, winning 22 of the 32 seats. Anurag Kashyap reports.
Former chief minister Pawan Kumar Chamling and senior Sikkim Democratic Front leaders were conspicuous by their absence at the swearing-in.
However, RBI would continue to nudge banks to cut lending rates
The capture of Baghouz comes almost three months (December 2018) after US President Trump declared that IS had been defeated in Syria.
Sikkim Chief Minister Pawan Kumar Chamling has promised to make every Sikkimese a 'crorepati' if he or she votes for his Sikkim Democratic Front in the April 12 Lok Sabha election, inviting criticism from his opponents.
The SKM, founded in 2013, won a slender majority in the 32-member legislative assembly by bagging 17 seats against 15 won by the Sikkim Democratic Front.
Some ministers are likely to be sworn in along with Golay, who was elected as the leader of the SKM legislature party on Saturday night.
Last month, Trump had ordered withdrawal of troops from Syria. The then Defense Secretary James Mattis resigned in protest.
Sikkim's new chief minister will have to achieve growth without compromising nature.
Former India football captain Bhaichung Bhutia, who launched the Hamro Sikkim Party in April, said his outfit will form a coalition with anyone wanting to work for the betterment of his state.
Governor B P Singh administered the oath of office and secrecy to the 59-year-old chief minister and his ministerial colleagues at Raj Bhawan in Gangtok.
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