Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.
The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.
C2C DB Systems is tightly integrated into India's warship production eco-system.
'The government wants farmers to diversify from rice and wheat, and create another green revolution. Cannabis can play a big part in that'
The Baleno cars covered in the recall include 17,231 export units.
There are around 6,500 diamond manufacturers of which Palanpuri Jains operate a mere 6 per cent, or around 400 companies. But they stand out for being highly interlinked through blood ties.
'By causing military humiliation of India it intends to send a signal to other Asian countries to toe the Chinese line,' argues Colonel Anil A Athale (retd).
Market participants are hoping for a few tweaks on the taxation front which will encourage consumers and businesses to spend.
Eyeing the inevitable construction boom in India, cement companies in Pakistan are readying for huge exports to the neighbouring nation now.
The company's sales had declined over 14 per cent last year.
The army on Friday made it clear to Pakistan that it cannot keep the tap of exporting terrorism to India open and hope for confidence-building measures with it.
A minor fire broke out at a waste disposal site at Reliance Petroleum Ltd's under-construction export-oriented refinery at Jamnagar in Gujarat, but was quickly brought under control.
'The Ladakh clashes are mere warning signals of the storm to come on May 22 when the Chinese parliament meets,' observes Colonel Anil A Athale (retd).
'The impact of COVID-19 on the economy has been so overwhelming that even a significant drop in global oil prices, which in normal times would have brought cheer, has posed new challenges for the government,' observes A K Bhattacharya.
'There appears to be no end to the errors that our leaders are willing to commit and no risk they are unwilling to run,' notes Mihir S Sharma.
'New Delhi showed itself willing -- at least for a period -- to tolerate the risk of conflict and to withstand Beijing's implicit and explicit threats.' 'But it also continued to try to cut some kind of deal with China to reduce tensions.'
"It would be my hope that people understand why this particular transaction is important for us," the EAM said in Washington, DC.
The fear of price rise gained momentum after reports surfaced that the NAFED procured 50,000 tonnes of onion this season.
