New Delhi: Calling the government’s standoff with the RBI a part of India’s thinking ecosystem which depends on American ideas, RBI board member S. Gurumurthy on Thursday said the government was not asking for the central bank’s surplus reserves but only wanted formulation of a policy as to how much[Read More…]
economy
RBI to pump liquidity worth Rs 12,000 cr on Nov 15
Mumbai: The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. “Based on an assessment of[Read More…]
Indian Railways: Solar panels on platforms to save Rs 1.25 crore annually
The Indian Railways in Ratlam has decided to install solar panels atop platforms of six railway stations in the division of the Western Railways. The stations include Indore, Ujjain, Nagda, Chittorgarh, Mhow, and Ratlam. The Railways has come up with a plan to generate 43.30 lakh units of electricity every[Read More…]
Shifting goalposts: Demonetisation anniversary
2 years ago, this very day, the Prime Minister, Narendra Modi, in a nation-wide televised address, announced demonetisation. An activity that in his own words, made the Rs 500 and Rs 1,000 notes just another piece of paper. Modi cited curbing black money and corruption as the major reason to[Read More…]
Manmohan Singh calls ‘demonetisation an ill-fated, ill thought exercise’, Indian economy is yet to recover
Former Prime Minister Manmohan Singh shared his scathing opinion on the second anniversary of demonetisation on Thursday and said, “Today is a day to remember how economic misadventures can roil the nation for a long time.” “It is often said that time is a great healer. But unfortunately, in the[Read More…]
Microsoft’s Cortana head Javier Soltero quits: Confirms Vice President
San Francisco: Microsoft’s Head of digital Assistant Cortana Javier Soltero is leaving the company by the end of the year, as Cortana has moved from the Artificial Intelligence (AI) research division into the Experiences and Devices group. First reported by ZDNet on Tuesday, Javier Soltero, Vice President of Cortana, confirmed[Read More…]
New York: US dollar rises amid concerns over split Congress ahead elections
New York: The US dollar rose slightly against other major currencies as investors remained cautious about the upcoming results of the US mid-term elections. In late New York trading on Tuesday, the euro fell to $1.1412 from $1.1417 in the previous session, and the British pound increased to $1.3093 from[Read More…]
Rupee falls after reports of RBI governor Urijit Patel’s possible resignation
Reserve Bank of India Governor Urijit Patel may resign following the tussle between the RBI and the Central government, reported TV channels on Wednesday. Working adversely on the economy, the news has led to a fall in Rupee and bonds. However, the government has confirmed having extensive consultations with the[Read More…]
India’s digital economy may cross $1 tn by 2022: Report
New Delhi: India’s digital economy is likely to cross $1 trillion by the financial year 2022, a KPMG report said here on Thursday. The report launched at the India Mobile Congress 2018 also forecasts that mobile data usage in the country is likely to surge five times by 2023. “In[Read More…]
Fuel price: Petrol, diesel rate continues to dip for the sixth straight day
Petrol, diesel prices witnessed further reduction for the sixth straight day on Tuesday bringing relief to consumers from never-ending fuel rate hikes. The petrol in Delhi came down by Rs 0.10 and was revised to Rs 81.34 per litre, where as, in Mumbai, petrol price came down to Rs 0.10[Read More…]
