Topic: Gold reserves
Fiza Jha -
News that nearly 3,500 tonnes of gold was found in Sonbhadra was first picked up by regional papers, but soon spread like wildfire across mainstream media.
With 618.2 tonnes of gold holdings as of August-end, RBI is one of the top 10 central banks in the world in terms of gold reserves.
The maiden dollar-rupee swap conducted by the RBI last week helped foreign exchange reserves swell by a healthy $5.237 billion to $411.905 billion in the week to 29 March.
Preventive Detention has stayed its course because India didn’t invest much in the investigative competence of the police, or legal acumen of the prosecutors.
To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.
With a growing indigenous base of drone manufacturers and exporters, and incentives from government, industry sentiment is bullish. However, some concerns remain.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.