Observing that there is liquidity overhand of Rs 13 lakh crore in the system, RBI Governor Shaktikanta Das said on Friday that the exceptional measures undertaken during pandemic will be dealt in sync with macroeconomic developments to preserve financial stability. Since the onset of the pandemic, the Reserve Bank has maintained ample surplus liquidity to support a speedy and durable economic recovery, he said while announcing the outcome of the Monetary Policy Committee (MPC) meeting. The level of surplus liquidity in the banking system increased further during September 2021, with absorption under fixed rate reverse repo, variable rate reverse repo (VRRR) of 14 days and fine-tuning operations under the liquidity adjustment facility (LAF) averaging Rs 9 lakh crore per day as against Rs 7 lakh crore during June to August 2021, he said.
Olympics-bound runner Sudha Singh, who created a national record in women's 3000m steeplechase at the IAAF Diamond League in Shanghai.
Indians continued their strong show at the fifth Commonwealth Youth Games, winning five medals, including two gold, on the second day of competition in Apia, Samoa, on Tuesday. Weightlifter Deepak Lather (boys' 62kg category) and javelin thrower Mohd Hadish won a gold each in their respective events, while Jisna Mathew won a silver in the girls' 400 metres.
As the central bank continues to increase forex reserves by running down the forward book which totalled $42 billion as of end-July, signalling its strong resolve to build a bigger reserve cushion to aid its expansionary, unorthodox monetary policy, the reserves are set to top the $655-billion-mark by March, according to a report. The forex kitty declined by $2.10 billion to $619.36 billion for the week to August 13 due to a fall in the core currency assets and gold, showed the latest RBI data. The reserves had risen to a lifetime high of $621.46 billion in the previous reporting week ending August 6.
During his three-day UK visit until Tuesday, Modi is listed to address the COP26 summit with a national statement about India's climate action plan in the afternoon session on Monday, ahead of Australian Prime Minister Scott Morrison and Pakistan Prime Minister Imran Khan.
India's long jumper Mayookha Johny won her second medal -- a silver in women's triple jump -- to add to her gold in long jump on the second day of Asian Indoor Athletics Championships, in Doha, on Saturday.
This is a key reason for the finance ministry's objection to fixing the tenure at 100 years, as it is pushing PSBs to be self-dependent and raise funds from the market, reports Hamsini Karthik.
With the finance ministry refusing to hike rates of Special Deposit Schemes and allow it to park funds in high interest bearing postal deposits, the Employees Provident Fund Organisation is toying with the idea of trading in government securities as
Spread between earnings yield and bold yield lowest since 2013; dividend yield and bond yield lowest since 2008.
Bharatiya Janata Party's prime ministerial candidate Narendra Modi on Wednesday sought answers from the United Progressive Alliance citing an interview of former central Home Secretary Ram Pradhan which said he had told the then Home Minister about a local mole who allegedly helped carry out 26/11 attacks.
Maharashtra, including the Ramdas Athawale-led Republican Party of India faction, for alleged failure to submit income tax returns and audited accounts between 2005 and 2014.
'Increased allocations for MNREGA could have provided the much needed push to rural demand and consumption at a time when recovery continues to remain uneven.'
Taruna Bakshi shares healthy winter recipes.
On production capacity of Covishield, the vaccine being manufactured and supplied by Serum in India under a licensing agreement with Oxford and AstraZeneca, he said the present capacity is 130 million doses per month and always try to increase it further.
Railways sprinter Merlin K Joseph smashed the 13-year-old national record in women's 100m race in the semi-finals on Sunday, but could manage only a bronze in the finals on the second day of the 53rd National Open Athletics Championships in Ranchi.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
If approved, the Nasdaq plan could have far-reaching effects on competition, pricing and complexity in options and stock markets.
A look at India's performance on day three of the 2010 Asian Games, on Monday.
Virdhawal Khade narrowly missed out on a medal and ended up fourth in the 50m freestyle event just 0.03 seconds behind the eventual bronze-medallist on yet another disappointing day for Indian swimmers at the Asian Games in Guangzhou on Monday.
The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five-year period ending March 2026. To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 31, 2021.
So far, no other vaccine has been approved globally for children below 12 years. Sohini Das reports.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
"Following preliminary investigations, FSA has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations. FSA will be liaising closely with SEC in this review," FSA said in a statement today. No further details were provided.
Tax Guru Anil Rego answers your personal income tax queries.
Political analyst and former MLC Prof Nageshwar said that by frequently visiting the temple the BJP is trying to polarise votes which unfortunately MIM also wants.
The IAF transport aircraft landed in Jamnagar, Gujarat with over 120 people including officials and security personnel from the embassy.
Nikesh Arora, Google's global sales boss, is the top earning Indian at the global search giant.
Chef Merajuddin Ansari shares his recipe.
Trinamool Congress on Saturday stayed away from the all-party meeting convened by the state Election Commission in Kolkata to discuss the upcoming panchayat polls in West Bengal, prompting the opposition Congress and Communist Party of India-Marxist to accuse the ruling party of disrespecting a constitutional body.
Bond yields have risen since the Reserve Bank of India raised interest rates for a second consecutive month on October 29.
US-Iraq war fears may affect the sentiments in gilts market despite India's strong fundamentals and smooth sailing of the government's market borrowing now at Rs 1,34,036 crore (Rs 1,340.36 billion), PNB Gilts warned
This is an equity diversified fund and investors enjoy both the benefits of capital appreciation, as well as tax benefits.
Indian sprint legend Milkha Singh died on Friday after a month-long battle with COVID-19, during which he lost his former national volleyball captain wife Nirmal Kaur to the same ailment.
Legal experts fear such shareholder activism could turn into a class-action suit against Infosys
National record holder Sudha Singh of Railways bettered her own meet mark while winning gold in the women's 3000m steeplechase on the third and penultimate day of the 53rd National Open Athletics Championships in Ranchi on Monday.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The statement was made by Pakistan's state-run APP news agency.
Beat the heat with these refreshing summer coolers.
Usain Bolt said that advances in spike technology that could help wipe out his world records are laughable and that the new shoes also give an unfair advantage over any athletes not wearing them.
