Search Results for: forex reserves

DRI to recover Rs 653 cr from Xiaomi, 3 notices issued; cracks down on customs duty evasion [details]

The DRI said that it has issued three show-cause notices to Xiaomi India for the recovery of customs duty amounting to Rs 653 crore for the period 01.04.2017 to 30.06.2020, under the provisions of the Customs Act, 1962.

Jan 5, 2022

LIC assets reach a whopping $463 bn, more than GDP of several economies

LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.

Jan 4, 2022

Fake currency found in RBI chest in Lucknow

Fake currency notes comprising Rs 10 rupee note, 18 notes of Rs 50, 443 notes of Rs 100, one note each of Rs 500 and Rs 2,000 were found

Jan 3, 2022

Sri Lanka could go bankrupt this year; financial, humanitarian crisis worsens [details]

Inflation has meanwhile been spurred by the Sri Lankan government printing money to pay off domestic loans and foreign bonds.

Jan 2, 2022

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India's forex reserves decline by $587 mn in 4th consecutive week ending Dec 24

FCAs edged lower by $847 million to $571.369 billion. SDR value rose by $24 million to $19.114 billion.

Jan 1, 2022

Omicron up to 70% less likely to need hospital care: Report

US travel chaos stretching into New Year as Covid-19 cases surge amid Omicron's rapid spread

"Crew availability" issues have led to mass cancellations in airlines and trains. The transit agency says that the covid surge has a massive impact on the commute.

Jan 1, 2022

Elon Musk to Warren Buffett: World's 10 richest men add $402 billion to their kitty in 2021 [Details]

Led by Tesla CEO Elon Musk, the world's 10 richest people added nearly $402.17 billion (India has a forex reserve of about $635 billion) in 2021.

Dec 31, 2021

Forest experts monitoring elephant behaviour in UP reserves; looking for answers after two deaths [details]

The injury marks indicated that both had died fighting with each other. The jumbos are being monitored to ascertain the reason for infighting among the tuskers.

Dec 28, 2021

India's foreign exchange reserve down by $160 mn in week ending Dec 17

The SDR value stands at $19.089 billion. The country's reserve with the IMF saw a rise of $9 million.

Dec 25, 2021

Card tokenisation: RBI extends deadline till June 30

The Reserve Bank of India on Thursday extended card tokenisation deadline by six months till June 30, 2022, from the earlier deadline of December 31, 2021.

Dec 24, 2021

Market Outlook This Week: Omicron fears, FII outflows to drag rupee

This quarter has seen the foreign institutions selling of $4 billion worth of equities due to US Fed policy on interest rates next year

Dec 20, 2021

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India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

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India's foreign exchange reserves decline by $1.7 bn, down for second consecutive week

India's foreign exchange reserves fell by $1.783 billion during the week ended December 3.

Dec 11, 2021

Blame this new hormone for diabetes; disabling it means great news for diabetic patients [details]

A new multi-institutional study, has discovered that a hormone called fabkin may play an important part in the development of diabetes (both type 1 and type 2).

Dec 10, 2021

Sapphire mining to commence in Paddar mines; why this is great news for J&K [Explained]

GSI completes a preliminary survey of scientific exploration for Paddar sapphire mines, options being explored for further exploration of the area.