Bangalore/New Delhi: India’s Mars spacecraft has beamed back the first images of the red planet and they were made public by ISRO with a caption “The view is nice up here”, a day after it was placed in orbit in the very first attempt scripting space history. The Indian Space Research Organisation (ISRO) uploaded one […]
Jun 26, 2021
Bangalore: As India’s Mars mission moved a step closer to home after the dormant main engine on the spacecraft was testfired flawlessly, ISRO looked confident of giving one final nudge tomorrow to put it in orbit around Mars that, if successful, would see it make space history. In the final lap, the operation is scheduled […]
Jun 26, 2021
Softening prices of food items, including vegetables, pulled down the WPI inflation to five-year low of 3.74 per cent in August, but it may not bring relief to the industry as the RBI is insisting that "there is no point in cutting interest rates" to see prices go up again
Jun 26, 2021
Cracking down on money laundering, the Reserve Bank of India (RBI) has closed down six Urban Cooperative Banks (UCBs) which were suspected of being used to route illegal money
Jun 26, 2021
Tightening noose around loan defaulters, the Reserve Bank of India (RBI) on Tuesday said guarantors, who refuse to fulfil their obligations to banks despite having adequate resources, will also be treated as wilful defaulters
Jun 26, 2021
New York: The government and the Reserve Bank of India will this year negotiate to formulate a monetary framework for the central bank that lays more emphasis on inflation, the bank’s Governor Raghuram Rajan has said. “This year the government and the RBI will negotiate together to formulate a monetary framework for the RBI…the idea […]
Jun 26, 2021
Phulbani: A RBI officer was today arrested and sent to jail on charge of producing a fake caste certificate to get the job in Odisha’s Kandhamal district. The officer is identified as Prasant Kumar Pradhan (58)of Bastangia village and was caught faking caste certificate after remaining in service for 36 years. Though Pradhan belonged to […]
Jun 26, 2021
Paris: Earth is not alone in its orbit around the Sun – a small `Trojan` asteroid sits in front of our planet and leads it, according to British science revue Nature, which published the discovery. This diminutive asteroid has a diameter of just 300 metres but is called a Trojan because of its particular position […]
Jun 26, 2021
New Delhi: BJP on Wednesday criticised the increase in repo and reverse repo rate by RBI, saying it will push up interest rates and asked the Manmohan Singh government to instead go for infrastructure development programmes and manage supply of foodgrains to check inflation. "Repo Rate hike by 50 bps will prove counter- productive. Instead […]
Jun 26, 2021
New Delhi: Jailed former Telecom Secretary Siddhartha Behura on Wednesday dragged RBI Governor D Subbarao in the 2G case accusing him of not revising the spectrum licence fee and claimed he had no role to play except implementing the government’s policy. Opposing the framing of charges of corruption and other penal offences against him in […]
Jun 26, 2021
New Delhi: The Reserve Bank of India (RBI) is expected to hold interest rates at its monetary policy review on Tuesday and is more likely to cut rates by the end of the year when there is more clarity on the monsoons. According to the Export-Import Bank of India, the rising trend in inflation seen […]
Jun 26, 2021
New Delhi: Disappointed by yet another interest rate hike, industry on Tuesday described the RBI as being the most “aggressive“ central bank to tame inflation, warning that beyond a point salvaging a downward growth spiral could become difficult. Industry across different sectors said the 50 basis points increase in the key interest rates was more […]
Jun 26, 2021
Mumbai: After four consecutive weeks of decline, India’s foreign exchange reserves grew by $322 million in the week ended July 24. Data furnished by the Reserve Bank of India (RBI), in its weekly statistical supplement, showed India’s foreign exchange reserves during the week under review at $353.64 billion. The reserves during the previous four weeks […]
Jun 26, 2021
Nearly a third of the stars in our own galaxy have dramatically changed their obits, say scientists who have created a new map of the Milky Way
Jun 26, 2021
New Delhi: Welcoming the Reserve Bank`s decision to hike key rates by a hefty 50 basis points, Finance Minister Pranab Mukherjee on Tuesday said it will help bring down inflation to a comfortable level of 6-7 per cent by year-end. "The Reserve Bank of India has sought to give a strong signal to further moderate […]
Jun 26, 2021
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