The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo rate, said market participants. The repo rate is 6.50 per cent. Banks parked Rs 18,750 crore at the auction against a notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent.
Vipul Ambani, a runner who participated in city marathons, never wore his last name on his sleeve, was easy-going, mild-mannered and always smiling. Yet, the question that begs to be asked is why would he join a luxury jewellery company, says Pavan Lall.
A child sitting near the window was reportedly pulled by the suction, and his shirt was torn off.
The Zone Of Interest is technically flawless but lacks emotional pull, observes Mayur Sanap.
Lavender cultivation employs around 5,000 farmers and young entrepreneurs in geographically remote areas of Kashmir.
Felix has gone past the opening round of a major for the first time since the 2023 Australian Open.
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.
Through this campaign, Muslims are trying to stop people from conflating the terrorist group with Islam.
International Tennis Hall of Fame inductee Andy Roddick said on Saturday he was honoured to have played in the era of the Big Four, but also acknowledged that they caused him no end of frustration during his career.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
India has allocated Rs 1.72 trillion, or 27.67 per cent of the total defence budget to cater to modernisation of the country's arsenal. Modern militaries spend up to 50 to 60 per cent of their total defence budget so that they go into combat with superior weaponry and equipment.
You will appreciate the Mammootty of this movie better if you do not take the servile reviews to heart, for this is a grand, broad, almost proudly comic performance, assures Sreehari Nair.
The banking system liquidity bounced back to surplus mode after three weeks, the Reserve Bank of India (RBI) data showed. This was due to government spending, according to dealers. The liquidity situation could further ease with the disbursement of the last tranche of incremental cash reserve ratio (I-CRR) worth Rs 50,000 crore on Saturday.
'Make no mistake, depriving water deliberately to a nation of 190 million people is a repugnant idea.' 'The world community won't forgive us.'
Images from Day 4 of the 2024 Australian Open in Melbourne on Wednesday.
The banking system neared Rs 1.47 trillion of liquidity deficit on Monday, the highest since January 29, 2020, when the banking system liquidity deficit went up to Rs 3 trillion. The Reserve Bank of India (RBI) injected Rs 1.47 trillion on Monday and Rs 1.46 trillion on Tuesday. Market participants say that the disbursement of Rs 25,000 crore as the second tranche of incremental cash reserve ratio (I-CRR) will not be enough, and the liquidity might tighten further to Rs 2 trillion in short term due to tax outflows and arrival of the festival season.
A few days back, Atul Ganatra, president of the Cotton Association of India, presented a grim scenario of the crop's prospects in the 2024-25 season that starts in October. Addressing the association's annual general meeting, Ganatra said the area under the crop could go down by at least 10 per cent in the coming season due to falling yields and realisation, leading to farmers losing interest. The fear of a decline in acreage comes against the backdrop of India's cotton production probably falling to its lowest in a decade, according to estimates.
Sukanya Verma recaps all those events from 25 years ago.
Nineteen Opposition parties, including the Congress, the Left, the Trinamool Congress, the Samajwadi Party and the Aam Aadmi Party, came together to jointly announce the boycott, saying they find no value in a new building when the "soul of democracy has been sucked out".
If you have never seen Sriram Raghavan fly, you would hardly realise that this time, he is happy in his cage, this time he isn't reaching for the skies, notes Sreehari Nair.
England's 3-0 series sweep in Pakistan on Tuesday is further validation of their 'Bazball' approach
The banking system's liquidity slipped into deficit for the first time in the current financial year (2023-24) due to the imposition of the Incremental Cash Reserve Ratio (I-CRR) for banks and outflows from goods and services tax (GST) payments, according to dealers. Reserve Bank of India (RBI) data shows it injected Rs 23,644 crore on August 21. The last time liquidity was in deficit was on March 27, when the RBI injected Rs 45,575 crore.
For that to happen, Moitra's much followed speeches should be heard outside Parliament so that the PR spins of the ruling dispensation are countered with informed debate, argues Shyam G Menon.
A bench of justices JK Maheshwari and PS Narasimha told petitioner in-person advocate Jaya Sukin that the court understands why and how this petition was filed and it is not inclined to entertain this petition under Article 32 of the Constitution.
The liquidity in the banking system could ease in the coming week due to an increase in government spending - a development that would be the key for the Reserve Bank of India (RBI) to decide whether to extend the incremental cash reserve ratio (I-CRR) mandate for banks. There are signs of improvement in the liquidity scenario as banks parked Rs 25, 833 crore with the RBI on Thursday. Market participants expect liquidity to gradually improve by the end of the month or during the first week of September, aided by government spending.
RCB's bowlers, who are often criticised for not stepping up, bailed them out against Delhi Capitals.
Nineteen opposition political parties, including the Congress have announced a boycott of the ceremony on May 28, demanding that President Droupadi Murmu and not Prime Minister Narendra Modi do the inauguration.
Images from Day 2 of the 2024 Australian Open in Melbourne on Monday.
Substitute Gabriel Martinelli fired a last-gasp winner to earn Arsenal a 1-0 victory over Manchester City on Sunday.
If Narendra Modi wants to become prime minister, he needs to do better, argues Amberish K Diwanji.
The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022.
The Dalai Lama had apologised to a boy, his family and friends for the 'hurt his words may have caused', after a video clip purportedly showing the Tibetan spiritual head asking him to 'suck' his tongue sparked a row.
A prolonged break in monsoon rains in most parts of the country is threatening to hit the yield of kharif crops. It could even delay the upcoming rabi sowing. Major agricultural states, such as Maharashtra, Madhya Pradesh, Andhra Pradesh, Punjab, and Gujarat, have witnessed a deficit of 30-80 per cent in southwest monsoon rainfall in August compared to the long-period average for the month. Meteorologists see no big revival in monsoon rains from hereon, though they forecast "some activity" over the Bay of Bengal on September 5-6.
'This incident offers ammunition to those inside the US government and elsewhere who question the wisdom of trusting India, so it will have a lasting consequence no matter how it is managed.'
If military power is all it would take to finish the menace of an awful terrorist organisation like Hamas, how come five Israeli wars in Gaza since 2003 have failed to do so? asks Shekhar Gupta.
A plea has been filed in the Supreme Court seeking a direction to the Lok Sabha secretariat for inauguration of the new Parliament building by President Droupadi Murmu.
'For a long time, it didn't affect me. I was like, 'I don't care. I will prove these guys wrong'. But later on, I realised it does affect me, I just tried to hide it.'
Opposition parties on Thursday continued their attack on Prime Minister Narendra Modi over inauguration of the new Parliament building and accused him of being 'megalomaniac' and the government of being 'arrogant'.
'If you keep on irritating the body by allowing all kinds of pollutants to get into it, the body cells are going to get irritated and cancer will come.'
What was the "locus standi" of Sonia Gandhi when she along with the then prime minister Manhoman Singh inaugurated legislative buildings in Manipur and Tamil Nadu, the Bharatiya Janata Party asked on Wednesday while countering the Congress's criticism over the inauguration of the new Parliament building by Prime Minister Narendra Modi.
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