London: – Oxfam International, a voluntary organisation, has presented a disturbing report that the Coronavirus pandemic, increasing conflicts and the problems of climate change are claiming 11 starvation deaths every minute. Oxfam claimed that there is a Hunger pandemic going on in the world along with the Coronavirus pandemic. More than 20 million people are […]
Mumbai: India faces another lockdown in the wake of the second wave of Coronavirus pandemic. Some states have imposed strict restrictions; the industry sector faces the heat of the situation once again. In this scenario, the Reserve Bank of India (RBI) took some important decisions to provide relief to the industry sector. Taking cognisance of […]
Mumbai: – Reserve bank of India (RBI) announced its bi-monthly credit policy. Everyone was apprehensive about what decisions the RBI would take in the credit policy, while there is a massive price rise, as the Coronavirus pandemic is rampant again. RBI did not make any change in the interest rates, as expected by the markets. […]
New Delhi: Recently, the Rover launched by NASA landed on the surface of Mars. Around that time, India declared its second Mangalyaan mission. On Saturday, the Indian Space Research Organisation’s (ISRO) Chief, K. Sivan, asserted that India is planning the second Mangalyaan mission. But this will only be an orbiter mission, he clarified. He also said that […]
New Delhi: – Government banks, Urban Cooperative Banks and Multi-State Cooperative Banks have been brought under complete control of the Reserve Bank of India (RBI). The Union Cabinet of Ministers has approved an ordinance regarding this. Last year major scams had been reported from cooperative banks. In Maharashtra, funds of thousands of customers were stuck […]
Mumbai: Shashikant Das, the Governor of the Reserve Bank of India (RBI), announced a reduction in the repo rate to 4%, saying that the Gross Domestic Product (GDP) has been severely hit because of reduced domestic demand and the drastic fall in exports. He also announced moratorium for the next three months, bringing major relief […]
New Delhi: The United States has criticised Chinese activities on the Indian border. Alice Wells, US Assistant Secretary of State for South and Central Asian Affairs, attacked China saying that the Chinese activities are inciting, and this only shows how China is misusing its increasing military might. Wells has seemingly supported the Indian stand by […]
Mumbai: – The Reserve Bank of India (RBI) made some important announcements on Friday, given the effects of the Coronavirus pandemic, on the Indian economy. RBI reduced the REPO rate by 0.75% and the reverse REPO rate by 0.90%. This will reduce the EMIs for car and home loans, bringing major relief to the borrowers. […]
New Delhi: In 2018, the Reserve Bank of India (RBI) had banned all the banks and financial institutions from entering any transactions with any virtual currency including Bitcoins. At present, the Supreme Court of India has lifted the ban on cryptocurrency, in its judgement, in the petition challenging this ban. The government and the RBI […]
Belgrade: Against the background of uncertainty over the Brexit issue in Europe and the shadows of recession created by the trade war, Serbia has bought a whopping 9 tonnes of Gold, in October. Such a colossal Gold purchase, by a small country in eastern Europe, in a single month, attracts attention. Before Serbia, European countries […]
