Wednesday, 18 May, 2022
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Economy

India’s forex reserves plunge the most in 8 years as RBI defends the rupee

India’s forex reserves fell by $5.35 billion to $481.9 billion in the week ended 13 March, the most since November 2011 when the hoard dropped $5.7 billion.

RBI to inject Rs 30,000 cr liquidity into market next week to maintain financial stability

With the COVID-19 related dislocations, stress in certain financial market segments is still severe and financial conditions remain tight, said RBI.

Modi govt asks firms to submit form on COVID-19 readiness, CAs say this is not the time

Govt says firms should instantly fill ‘simple form’ when it becomes available on 23 March, CAs say it’s avoidable during crisis caused by coronavirus.

Broke Anil Ambani has to pay $100 million to Chinese banks by the end of today

Anil Ambani has until 4 pm in London or 9.30 pm IST to make payment or run risk of automatically losing lawsuit over $700 million in defaulted loans.

Global oil war will continue as Putin won’t submit to Saudi price ‘blackmail’

The unprecedented clash between Russia & Saudi Arabia threatens to push the price of a barrel below $20, but the Kremlin won’t be the first to blink and seek a truce.

The 5 days when world economy’s guardians fought virus and market turmoil

As the week draws to an end, an unprecedented 31 central banks have slashed interest rates and many of them have even activated the crisis playbook.

How coronavirus, bird flu and rumours to stay off non-veg hit poultry industry hard in India

With prices crashing across India, the poultry industry is facing an estimated loss of Rs 700 crore in just the first two weeks of March.

These are the pros and cons of the rupee falling to 75 a dollar

In the last one month, the rupee has depreciated by nearly 5 per cent against the dollar but this is unlikely to cause any challenge on the external sector front.

Sensex surges over 500 points, Nifty above 8,200-level after PM Modi’s address

After spiking 573.07 points, the BSE barometer gave up all gains to trade 195.57 points or 0.69 per cent lower at 28,092.66.

How to defeat coronavirus – on the economic front

It’s evident that cascading economic sudden stops unleashed by the virus have reached critical mass in not just systemically important economies but worldwide.

On Camera

YourTurn

PM Modi at the Shilanyaas ceremony for construction of the India International Centre for Buddhist Culture and Heritage at Lumbini Monastic Zone, in Lumbini, Nepal on May 16, 2022 | PIB

First, Rahul Gandhi visited Nepal, then PM Modi. Different reasons, one common factor

While Rahul went to attend a friend’s wedding, Modi was on an official visit. However, there was a common thread between the two.
Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

Representational image of Pangong Tso | ThePrint

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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