SpaceX last flew a Starship prototype on May 5, with the SN15 vehicle flying to an altitude of 10 km before making a successful landing, a milestone that had eluded four previous prototypes in tests between December 2020 and March 2021.
Jun 27, 2021
New Delhi: Just a couple of days ahead of the Reserve Bank`s monetary policy, Finance Minister Pranab Mukherjee today said the government and RBI together will be able to tackle soaring inflation, which he attributed to global price pressures. "It (inflation) is perilously close to double digit… RBI is also watching the situation like the […]
Jun 27, 2021
Kolkata: Finance Minister Pranab Mukherjee today expressed hope that the RBI may not continue with its tight monetary policy as it may have implications on economic growth. "I feel that the existing monetary policy of reigning in inflation may not have to be extended… If the monetary policy is extended, there will be an overall […]
Jun 27, 2021
New Delhi: After a gap of over five months, food inflation entered the double-digit zone at 10.05 percent for the week ended August 20, with Finance Minister Pranab Mukherjee describing the trend as "disturbing" and experts saying RBI may go in for another rate hike. The weekly food inflation, measured by Wholesale Price Index […]
Jun 27, 2021
Mumbai: The country`s foreign exchange reserves surged USD 1.615 billion to USD 318.22 billion on the back of a sharp rise in foreign currency assets (FCAs) for the week ended August 19. The total foreign exchange reserves had slipped by USD 621 million to USD 316.605 billion in the week before. FCAs, the biggest component […]
Jun 27, 2021
New Delhi: The Reserve Bank of India is likely to continue with its tight monetary policy stance to fight inflation and effect another hike in key interest rates in September, even though the global economic environment is on a downslide, believe experts. However, while the Reserve Bank of India is likely to go for another […]
Jun 27, 2021
The Reserve Bank of India has limited the maximum continued term of managing directors and whole time directors (WTD) of urban cooperative banks (UCBs) to 15 years in a series of steps taken to ensure professional management of these institutions that have often been found undertaking non-transparent activities right at the top.
Jun 26, 2021
New Delhi: Prime Minister Narendra Modi tonight expressed serious concern over the attack on Canadian parliament in Ottawa, terming it as “extremely disturbing.” “The news of attack in Ottawa is extremely disturbing. I pray for everyone’s safety”, Modi tweeted. Canada’s Parliament came under attack today with a barrage of gunshots fired both inside and outside […]
Jun 26, 2021
Bhubaneswar: Not satisfied with the rate of recovery under different government schemes in the state, the RBI on Thursday asked the state administration to examine Orissa Public Debt Recovery Act for stepping up the rate of recovery. Reserve Bank of India`s deputy governor H R Khan said this while attending a meeting of State Level […]
Jun 26, 2021
Washington: RBI Governor Raghuram Rajan has said there would be some volatility in emerging markets once the US Federal Reserve decided to raise interest rates, but India is well prepared deal with market volatility. “My hope is that after the initial volatility there will be differentiation, and the financial investors would try to see where […]
Jun 26, 2021
New Delhi: Encouraged by the marginal decline in rate of price rise to 9.22 per cent in July, Finance Minister Pranab Mukherjee today said inflation pressure would ease further on back of good monsoon. "I am quite confident that good monsoon will ensure moderation of inflationary pressure," he told reporters pointing out that the government […]
Jun 26, 2021
Mumbai: The RBI today said the country’s GDP growth, which it estimates to be 5.5 per cent in the current fiscal, will improve to 6.3 per cent in 2015-16. “For 2014-15, real GDP growth is projected to lie between 5 and 6 per cent, with a central estimate of 5.5 per cent… for 2015-16, real […]
Jun 26, 2021
New York: Prime Minister Narendra Modi today rejected any need for outside arbitration to resolve the vexed issue of India’s boundary dispute with China, saying the two countries are competent to find a solution through talks. “India and China are capable of resolving issues through talks. There is no need for any arbitration,” Modi said […]
Jun 26, 2021
Mumbai: Wiping off initial gains, the Bombay Stock Exchange benchmark Sensex tumbled over 301 poins at noon on Tuesday after the RBI hiked interest rates steeper than market expectations. The Sensex, which had risen to 18,944.60 at the outset, fell sharply by 301.11 points to 18,570.18 at 1130 hrs as all the sectoral indices traded […]
Jun 26, 2021
New Delhi: The Indian government on Tuesday gave a two-year extension to Reserve Bank Governor D Subbarao to ensure continuity of India`s monetary policy at a time when the whole world is reeling under the fallout of the downgrade of the sovereign rating of the US. "It (extension) will be good because at this point […]
Jun 26, 2021
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