The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for reclassifying India's exchange rate regime. The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023. India's Executive Director at IMF K V Subramanian and Senior Advisors Sanjay Kumar Hansda and Anand Singh questioned the selection period adopted by the Fund for analysis and also reclassification of the country's exchange rate regime.
In an address from the lectern on the steps of 10 Downing Street on a rainy London evening, Britain's first Prime Minister of Indian heritage confirmed a summer poll in six weeks' time and that the Parliament would soon be dissolved after he formally informed King Charles III of the election timeline.
Statistical highlights of the fourth One-Day International match between India and Sri Lanka in Colombo on Wednesday.
Phil Jaques got his first duck in Test cricket and missed becoming the fourth player to record seven successive fifties, held jointly by Everton Weekes (WI), Andy Flower (Zim.) and Shivnarine Chanderpaul (WI).
The Chinese financial giant, which had invested in One 97 Communications since 2015, has seen a sharp decline of 45 per cent, or Rs 2,125 crore, in its stake value since the Reserve Bank of India (RBI) took action against Paytm Payments Bank on January 31. One 97 shares closed at Rs 422.6 a share on Monday. The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over one year.
Smith carried his bat with an unbeaten 91 in a losing cause in Brisbane.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
Tactician par excellence Gautam Gambhir couldn't have envisaged a battle of brains with a more different kind of adversary than the smiling yet ruthless Pat Cummins as Kolkata Knight Riders face a spirited Sunrisers Hyderabad in a mega IPL final in Chennai on Sunday.
Dwaipayan Bose simplifies the whys and hows of revisiting your financial goals
A look at statistics and aspects which have made SRH's 2024 season such a memorable one:
The teams will not have the luxury of an Impact Player in the T20 World Cup.
A majority of over 50,000 internally displaced people are currently staying at relief centres across five valley districts and three hill districts.
Unemployment rate for persons aged 15 years or above declined to 3.1 per cent in 2023, the lowest in the last three years, as per a report of National Sample Survey Organisation under the statistics ministry. According to Periodic Labour Force Survey (PLFS) for calender year 2023, the unemployment rate came down to 3.1 per cent in 2023 from 3.6 per cent in 2022 and 4.2 per cent in 2021. Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force.
According to a report in the Dawn newspaper, 22 constituencies with a greater number of rejected votes than the margin of victory fell in Punjab, with one each in Khyber Pakhtunkhwa and Sindh province.
India's forex reserves declined by $2.36 billion to $583.53 billion during the week ended October 20, according to the Reserve Bank of India data. In the previous reporting week, the overall reserves had increased by $1.15 billion to $585.89 billion. In October 2021, the country's forex kitty reached an all-time high of $645 billion.
With Novak Djokovic having overtaken his impressive haul of most major titles in men's tennis, Rafael Nadal conceded the Serbian is the best player in history.
'Our study finds that only about 20% of Indians are vegetarians and the rest of the 80% are non-vegetarians or meat-eaters.'
While conditions have improved over the last decade in western UP, there are still unfulfilled needs.
He has scored 994 runs in 35 innings at an average of 31.06. However, his statistics suggest his struggle against red-ball giants like New Zealand, England and now South Africa.
rediffGURU Komal Jethmani can answer your health, fitness and diabetes-related questions.
Retail inflation rose at the fastest pace in four months in December 2023 at 5.69 per cent, on account of an increase in prices of vegetables, pulses, and spices, according to government data released on Friday. The annual inflation based on Consumer Price Index (CPI) was at 5.55 per cent in November and 5.72 per cent in the year-ago month. As per the data released by the National Statistical Office (NSO), the rate of price rise in the food basket, which constitutes nearly half of the CPI, increased to 9.53 per cent in December 2023, as against 8.7 per cent in the preceding month, and 4.19 per cent in December 2022.
'The last three years have been great. Except winning the finals of ICC trophies, we have won everything.'
I did not take up research for any award.' 'What is more important is the medicine that I have developed.' 'This helps the patient recover and the family is happy that their relative has survived and they go back to their lives.
# Harbhajan Singh, with his three for 60, has surpassed Anil Kumble's record at Eden Gardens. Harbhajan's wicket-aggregate of 41 wickets at an average of 22.87 in just seven Tests has eclipsed Kumble's tally of 40 wickets (avg 30.82) in eight Tests.
Retail inflation declined to a three-month low of 5.1 per cent in January, mainly due to subdued prices of vegetables, fruits and other food items, according to government data released on Monday. The fall indicates that retail inflation is inching towards the Reserve Bank's comfort level of 4 per cent. The Consumer Price Index (CPI) based inflation was on the rise for two straight months after touching a trough of 4.9 per cent in October 2023. In December, it stood at 5.69 per cent.
Equity benchmark indices Sensex and Nifty hit their all-time high levels on Friday helped by impressive GDP data and fresh foreign fund inflows. Also, a rally in global markets added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 1,139.04 points to 73,639.34 -- its all-time peak -- in the late afternoon trade.
Moody's Ratings on Thursday raised India's GDP growth forecast for FY24 to around 8 per cent from 6.6 per cent on the back of strong domestic consumption and capital expenditure. The estimate comes a day after RBI Governor Shaktikanta Das said the economic growth in the current financial year could be close to 8 per cent in view of the third quarter GDP data released by the government. The latest estimate of Moody's is about 140 basis points higher than the earlier projection of 6.6 per cent made in November 2023.
After multiple weeks of decline, India's forex reserves increased by $1.15 billion to $585.89 billion during the week ended October 13, according to the RBI data. In the previous reporting week, the overall reserves had dropped by $2.17 billion to $584.74 billion. In October 2021, the country's forex kitty reached an all-time high of $645 billion.
'I'd like to probably err on the side of preparing him through red ball. We know how good a white-ball player he is so you put a priority on what it looks like next summer.'
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
India's foreign exchange reserves declined $867 million to $593.04 billion in the week ended September 15, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves dropped $4.99 billion to $593.90 billion. In October 2021, the country's reserves had touched an all-time high of $645 billion.
India's industrial production growth slowed to 3.8 per cent in December 2023, mainly due to poor performance of mining and power generation segments, according to official data released on Monday. The factory output growth measured in terms of the Index of Industrial Production (IIP) was at 5.1 per cent in December 2022. In November last year, IIP growth stood at 2.4 per cent.
The matter came up before Justice Subramonium Prasad who listed it for hearing on October 16.
The country's forex reserves dropped by a further $2.166 billion to $584.74 billion for the week ended October 6, the RBI said on Friday. India's forex kitty had gone down by $3.79 billion to $586.91 billion in the previous week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
Here is the complete list of ministers in Modi 3.0 and their portfolios:
Such private universities are empowered to award general degree programmes without the specific approval of the UGC, the official said.
Ahead of India's tour of South Africa, 'Men in Blue' head coach Rahul Dravid asked his side to give a match-winning contribution in the upcoming series.
'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
