The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
Second seed Elena Rybakina secured a comfortable 6-3, 6-2 victory over American wildcard Thea Frodin in the first round of the US Open, easing concerns about her recent leg injury. Rybakina, a two-time Grand Slam champion, showed no signs of discomfort as she began her quest for the title and the world number one ranking. Frodin, making her Grand Slam main-draw debut, displayed flashes of brilliance but ultimately couldn't overcome the Australian Open champion.
Tennis legends Serena and Venus Williams have been granted a women's doubles wildcard entry for the upcoming U.S. Open, marking their return to the tournament as a pair after Serena's previous farewell.
Alexander Zverev defeated Karen Khachanov in a hard-fought US Open semi-final, winning in three sets. This victory propels him to his sixth major final and second at Flushing Meadows, marking a significant achievement in his career.
The Ministry of Home Affairs informed a Joint Committee of Parliament that the number of active NGOs registered under the Foreign Contribution (Regulation) Act has halved over the last decade, even as foreign funds received by them have significantly increased. Christian associations received the largest share of these funds in 2024-25. The report comes amidst discussions on a contentious FCRA amendment bill aimed at tighter government oversight.
Researchers have developed a new AI model that can monitor satellites and detect anomalies in their behaviour, significantly reducing the risk of in-orbit collisions. This tool, part of the AI4 Space Safety and Sustainability project, learns from satellite light reflections to predict motion and identify unusual activity, crucial for managing the increasingly crowded space environment.
Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.
Manipuri rower Tendenthoi Devi Haobijam expresses newfound confidence ahead of her second Asian Games appearance, attributing it to consistent team training, international exposure in Australia and Europe, and mentorship from her coach. She will lead India's challenge in the women's coxless four, aiming for a significant performance.
Ainsley Maitland-Niles scored a spectacular equaliser on his Everton debut in the dying moments of the game, securing a 2-2 draw against Manchester United after Benjamin Sesko had put United ahead late on.
Unseeded Indian women's doubles pair Treesa Jolly and Gayatri Gopichand advanced to the pre-quarterfinals of the BWF World Championships after stunning 16th seeds Lauren Lam and Allison Quynh Lee of the United States.
If India does get $100 billion a year in FDI, it would be a game-changer in every possible way. FPIs would come rushing back, AI or no AI, points out Debashis Basu.
American youngster Learner Tien defeated French veteran Gael Monfils in straight sets at the U.S. Open, marking the likely end of Monfils' Grand Slam career. The match, a clash of generations, saw 20-year-old Tien dominate the retiring showman.
'Nanandan Yadav was hiding in the Madwa Pahari locality when the police surrounded him. He tried to flee, and was shot during the encounter.'
Indonesian hockey players, particularly Ferdian Fathur Rahman and Firdaus Muhammad, are deeply inspired by the Bollywood film "Chak De! India" as they prepare to face India at the Asian Games.
The United States has sanctioned four India-based companies, including a customs broker and three other firms, for their involvement in importing petroleum and petrochemical products from Iran. This action is part of "Operation Economic Outcast," a broader US campaign to sever Iran's financial lifelines and prevent funding for its destabilising activities.
A proposed Rs 1,200 crore Secretariat-Assembly complex in Pattinapakkam, Chennai, has ignited significant opposition from local fishing communities and various political parties. Residents fear displacement, loss of livelihood, and environmental damage, citing ancestral rights and broken promises. Political leaders across the spectrum are urging Chief Minister C Joseph Vijay to reconsider the site, highlighting concerns about ecological impact, traffic, and financial priorities.
Indian Grandmaster R Praggnanandhaa has moved into a joint lead with American Wesley So at the Sinquefield Cup after a decisive victory over France's Maxime Vachier-Lagrave, securing his spot in the Grand Finale.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
The BRICS grouping has fully endorsed India's demand for zero-tolerance against terrorism and rejected double standards in combating the menace. Their declaration condemned terror attacks in Jammu and Kashmir and reaffirmed commitment to holding terrorists accountable under international law.
Indian athletes, including wushu and table tennis players, faced initial check-in difficulties upon arrival for the Asian Games in Nagoya. While some wushu players and coaches reportedly had issues with room allocation on the designated cruise ship, officials stated the problems were resolved. The Games' accommodation plan involves a mix of cruise ships, container rooms, and hotels, with some contingents already raising concerns about the quality and availability of lodging.
Congress's Nandigram bypoll candidate Milan Pradhan has been sent to judicial custody until October 3 on charges dating back 19 years, effectively ending his campaign for the October 6 by-election.
The successful hosting of the 18th BRICS summit in New Delhi has provided a significant boost to the BJP, offering a timely opportunity to strengthen its narrative against the opposition ahead of crucial assembly elections next year. BJP sources highlight the BRICS grouping's strong condemnation of the Pahalgam terror attack and the consensus declaration as major diplomatic victories for the Modi government, countering criticisms of its foreign policy. The party plans to leverage these outcomes during its month-long Seva Sankalp campaign to connect with various sections of society.
Home favourite Coco Gauff successfully began her U.S. Open title defence, defeating Turkey's Zeynep Sonmez 6-3 6-4 in the first round. Gauff, fresh from her Cincinnati Open victory, displayed strong form, overcoming a brief challenge from Sonmez to secure a comfortable win under the lights of Arthur Ashe Stadium.
US President Donald Trump on Tuesday said that Washington has launched a fresh wave of strikes against Iranian targets near the Strait of Hormuz. They come after what Trump claimed was in retaliation for Iran attempting to add sea mines to the Strait.
The Indian women's cricket team fully supports the BCCI's decision not to accept the Asia Cup trophy from Asian Cricket Council's Pakistani chief Mohsin Naqvi, with head coach Amol Muzumdar stating that winning the tournament is 'good enough' for the players.
Elena Rybakina overpowered Coco Gauff in a fierce US Open semi-final on Thursday to secure a title showdown with defending champion Aryna Sabalenka.
The US on Monday announced that it had revoked more than 1.75 lakh visas during President Donald Trump's tenure for a range of crimes from reckless driving to sexual assault.
Indian Grandmaster R Praggnanandhaa drew his second game against Fabiano Caruana in the Grand Chess Tour final, missing a chance to level scores after a dominating performance.
Tiger Woods agreed to a five-year driving licence suspension in an impaired-driving plea deal, with the judge warning that any violation could result in immediate imprisonment.
Nepal's Hindu groups have sought an all-party discussion on restoring Hindu-nation status within three months.
'The Chinese military cannot advance much in Ladakh, even if they want to.' 'Similarly, in Arunachal Pradesh, they can rename a village or two, intrude here or there, but cannot do much more realistically.'
India's deputy chef-de-mission, A Sharath Kamal, has downplayed concerns regarding the unique container room and cruise ship accommodation for athletes at the upcoming Asian Games in Aichi-Nagoya. He stated that Indian athletes have been prepared for these arrangements through mock setups at SAI centres. Kamal also expressed confidence in India's table tennis team, predicting at least one medal, specifically highlighting the men's doubles and mixed doubles pairs.
Delhi Police faced significant challenges in investigating the alleged gang rape and murder of a teenage girl whose decomposed body was found with no missing complaint filed. A peculiar symbol on a tempo, identified through extensive CCTV footage analysis, proved crucial in tracing the suspects and apprehending four individuals, including three minors, linked to the crime.
World number four Coco Gauff secured a hard-fought victory against Paula Badosa in the second round of the U.S. Open. Despite Badosa's strong challenge and previous wins against Gauff, the American triumphed in two sets, 6-4, 7-6(5), on a sweltering evening at Arthur Ashe Court, advancing her quest for a second title at Flushing Meadows.
India successfully facilitated a significant diplomatic meeting between Iranian President Masoud Pezeshkian and UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the BRICS Summit in New Delhi. This interaction, a diplomatic breakthrough given ongoing West Asia conflicts, occurred as BRICS adopted a declaration urging restraint and protection of civilians in the region, highlighting the bloc's commitment to peace and stability.
West Bengal BJP president Samik Bhattacharya's comments recalling the role of non-Bengali communities during the 1946 communal riots and alleging past restrictions on Durga Puja have drawn sharp criticism from opposition parties, including the TMC, Congress, and CPI(M). Bhattacharya appealed for unity for peaceful Durga Puja celebrations, while opposition leaders accused him of divisive politics and distorting history.
The Narcotics Control Bureau (NCB) has arrested seven individuals, including two foreign nationals, for their involvement in an interstate cocaine trafficking network operating between Bengaluru and Kerala. The operation, named 'Domino', led to the seizure of 33.1 grams of cocaine worth Rs 16.55 lakh and uncovered links to individuals previously deported from the UAE for drug offences.
A Kishore Kumar song, a birthday cake, a prince's break from protocol to thank his driver, a Persian painting on the ceiling of the presidential residence -- the BRICS Summit had many memorable moments.
India published 929 generative AI patents in 2024 and 2025 alone -- equating to nearly 70 per cent of the 1,350 patents it published over the entire previous decade (2014 to 2023).
Spiritual leader Sadhguru Jaggi Vasudev has expressed profound anguish over a devastating flash flood near the Tibet-Nepal border, stating that 77 members of an Isha Foundation Kailash pilgrimage group are unaccounted for after the disaster struck the Gyirong area in Tibet.
