Rupee hits record low
The rupee plunged to an all-time low of 69.09 against the US dollar intra-day, as fears over rising crude oil prices, portfolio outflows and tariff wars.
India among least vulnerable to currency pressures: Moody’s
Even as the rupee fell below the 69 level intra-day against the dollar, global rating firm Moody’s has said India is among the least vulnerable to currency pressures because of its low reliance on external capital inflows.
First government blockchain centre likely in Hyderabad
The Centre is considering a proposal to set up a Centre of Excellence for blockchain technology in Hyderabad to drive innovation.
Indian money in Swiss banks rises 50%
Money parked by Indians in Swiss banks rose over 50% to 1.01 billion swiss francs (Rs7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there.
Centre may scrap UGC, proposes new regulator
Setting for major reforms in higher education the Centre has placed in the public domain a draft Bill for a Higher Education Commission of India aimed at replacing the University Grants Commission for eliciting suggestions from educationists.
34 years on, compensation for Blue Star detainees
The detainees who were arrested and kept in a Jodhpur prison following the Army operation to flush out militants from the Golden Temple in 1984 will finally get some relief with Punjab.
Japanese mission reaches far-off asteroid
A Japanese probe has reached an asteroid 300 million km away to collect information about the birth of the solar system and the origin of life after a more than three-year voyage through deep space.
Rupee crashes to 19-month low
The rupee slipped to a 19-month low against the dollar as concern that rising crude oil prices, with fears of a trade war that could spur capital outflows to weigh the Indian currency down.
Rs 2,000-crore fund infusion in ECGC to boost exports
The Cabinet Committee on Economic Affairs on Wednesday approved capital infusion of Rs 2,000 crore in the Export Credit Guarantee Corporation (ECGC) to enhance insurance coverage to micro, small medium enterprises exports.
Government increased the price of ethanol
In order to cut India’s oil import dependence as well as to give higher price for sugarcane, the government increased the price of ethanol, used for blending in petrol, to Rs 43.70 from Rs 40.85 per litre.