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Representational image of lentils (masoor). | Photo: Needpix

‘Govt sabotaging atmanirbhar plan’ — farmers criticise masoor duty cut as global prices rise

Modi govt reduced the import duty on masoor to less than half on 2 June. Farmers and traders allege move is to aid influential trading groups.
US dollars

India’s foreign exchange reserves rise $3.43 billion to $493.48 billion

During the week ended 29 May, RBI data showed foreign currency assets, a major component of the overall reserves, increased by $3.50 billion to $455.21 billion
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

Economics not over health: SC after RBI says interest waiver will affect banks

The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.
Uday Kotak

Uday Kotak to sell 2.8% stake in Kotak Mahindra Bank for at least Rs 6,800 crore

Currently, Kotak and his family holds 28.8 per cent stake in the bank as against the RBI mandate of 26 per cent.
Worl leaders at the SCO Summit

Jaimini Bhagwati says world should demand transparency from China, NN Vohra on US-WHO tussle

Today's political, economic & strategic punditry from Krishna Kumar, Arghya Sengupta, Duvvuri Subbarao & more.
Finance Minister Nirmala Sitharaman announcing details of the Modi govt's Rs 20 lakh crore economic package Wednesday | Photo: ANI

Future actions to stimulate economy will depend on how Covid-19 crisis pans out: Sitharaman

Finance Minister Nirmala Sitharaman's statements came a day after the RBI projected economic contraction in 2020-2021.

A ‘hurt’ elephant, Modi’s economic instinct and Covid-19 masks for Zee News

The best cartoons of the day, chosen by the editors at ThePrint.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

You don’t have to pay term loan EMI for 3 more months, with no impact on credit history

RBI has said opting for the EMI deferment until August 31 won’t hurt borrowers’ credit history, but interest will keep accruing on these loans.
Governor Shaktikanta

RBI cuts lending rate by 40 bps to record low, says Indian economy will shrink this fiscal

In his statement, RBI governor Shaktikanta Das said inflation will remain high in the first half of the fiscal, but will stay below the 4% target later.

On Camera

Pakistan PM Imran Khan with Narendra Modi

Few things tie Modi’s India and Imran’s Pakistan like their love-hate for foreign invasion

Be it Hindutva ideologues condemning the wicked foreign invader or Imran Khan hailing Turkish imperial rule, both want to reinforce that going forward means going backward.

Harsh Vardhan questions Delhi govt: Is Arvind Kejriwal failing in handling Covid-19 crisis?

Union health minister Harsh Vardhan Thursday raised concerns about rising Covid cases and low testing levels in Delhi.

Defence

Indian and Chinese soldiers during a military exercise in Meghalaya last year | Representational image | ANI

‘April status quo’ discussed as India, China generals hold 7-hour meeting over Ladakh

The formal meeting between the top military officers of India and China started around 11.30 am and is believed to have lasted until the evening.
Illustration: Soham Sen | ThePrint

Why Modi doesn’t feature in a list of India’s reformist prime ministers

Despite big ideas, Modi comes off poorly as a reformer, because his bureaucrats lack the motivation to push reforms and are beginning to enjoy unbridled power.