Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Haven Demand For The Yellow Metal. Prices also recovered marginally from a bruising September, where they dropped 3%. Bullion prices marked their worst quarter since March 2021 with a 7.5% drop Spot gold rose 0.2% to $1,663.99 an ounce, while gold futures were flat around $1,672 an ounce by 20:31 ET (00:31 GMT). Prices of…
With the growth engine sputtering, funding slowing down and the spectre of regulation looming large, there are many curveballs that Unacademy and its peers will have to grapple with in the coming months. At a time like this, Gaurav Munjal has been extremely bullish on Relevel In February this year, 28-year-old Shivam, a computer operator at a government office in Madhya Pradesh, was looking at ways to upskill as he sought a job that paid…
"A difficult candidate test, broken job promises and refund dispute: Unacademy’s Relevel comes under fire" The Ministry of Finance is aiming to include more officials from the insurance industry in the Banks Board Bureau (BBB) to enlarge and relaunch the organization. The ministry hopes that by doing so, it would be able to nominate persons for positions at public sector insurers and speed up recruiting at the highest level of state-owned financial institutions. Over the following several months, the union finance ministry plans to recruit new members, rebuild the bureau,…
"The Finance Ministry wants to make significant reforms to the Banks Board Bureau" On the 16th and 17th of June, India will host the foreign ministers of ASEAN nations to commemorate the 30th anniversary of its relations with the 10-nation grouping. Myanmar’s participation in the ASEAN-India foreign ministers’ meeting would be based on the grouping’s regulations, according to External Affairs Ministry spokeswoman Arindam Bagchi, implying that the country’s foreign minister will not be in New Delhi. Following Myanmar’s military takeover last year, ASEAN’s attitude on engaging the nation…
"Next week, India will host the ASEAN foreign ministers." Throughout the night, Severe Cyclonic Storm Asani proceeded west-northwestwards at a pace of 5 mph across west-central and adjacent southwest Bay of Bengal, bringing severe rains to parts of the Andhra Pradesh coast. It was about 300 kilometers southeast of Kakinada (Andhra Pradesh), 330 kilometers south-southeast of Visakhapatnam (Andhra Pradesh), 510 kilometers south-southwest of Gopalpur (Odisha), and 590 kilometers south-southwest of Puri (Odisha) at 5:30 a.m. on Tuesday, according to an India Meteorological Department (IMD)…
"Asani, a severe cyclone, moves northwest, bringing rain on the Andhra coast" Prime Minister Narendra Modi expressed his sadness at the death of renowned Odia writer Binapani Mohanty on Sunday, praising her “monumental contributions” to Odia literature, particularly fiction writing. Mohanty died on Sunday night at her Cuttack home owing to age-related issues, according to her relatives. Mohanty, a Padma Shri recipient, died at the age of 85. She was a single woman who shared her home with her nephew. “Pained by the passing away of noted…
"PM Modi expresses his condolences on the death of great Odia writer Binapani Mohanty." Prime Minister Narendra Modi on Thursday said India moving from the 75th year of independence to its centenary in 2047 cannot be a routine affair and it should be a watershed moment for the country. “Our Amrit Kaal is not just to laud the last seven decades. We may have gone from 70-75 (years of independence) in routine. We may go from 60-to 70 (years of independence) in routine. But from 75 to 2047, India…
"India at 100 should be watershed moment for country: PM Modi" India logged 861 new coronavirus infections taking the total tally of COVID-19 cases to 4,30,36,132, while the active cases dipped to 11,058, according to the Union Health Ministry data updated on Monday. The death toll has climbed to 5,21,691 with six fresh fatalities, the data updated at 8 am stated. The active cases comprise 0.03 per cent of the total infections, while the national COVID-19 recovery rate remained at 98.76 per cent, the ministry said. A reduction…
"India records 861 fresh Covid-19 infections, six more fatalities" An Air India flight from Poland’s Rzeszow carrying students evacuated from northeastern Ukrainian city Sumy landed in Delhi on Friday morning, officials said. The flight had taken off from Rzeszow around 11.30 pm (IST) on Thursday and landed in Delhi at 5.45 am on Friday, they said. India has sent three flights to Poland to bring back 600 students evacuated from Sumy. Another flight is expected to land in Delhi around 8.40 am, officials said. According to the…
"AI flight carrying students evacuated from Ukraine’s Sumy lands in Delhi" Prime Minister Narendra Modi has asked the Indian Air Force (IAF) to evacuate Indians stranded in Ukraine due to the Russian military offensive against that country, sources said on Tuesday. The IAF is likely to deploy several C-17 aircraft as part of Operation Ganga from Tuesday, they said. Till now, only private Indian carriers were evacuating Indians from Romania and Hungary, countries with land borders with Ukraine on the western side, as the Ukrainian airspace…
"Ukraine crisis: PM Modi asks Air Force to evacuate stranded Indians" Days after the Union Budget proposed taxing cryptocurrencies, which gave rise to apprehensions of legitimising them, an Reserve Bank of India (RBI) official has asked for a complete ban on such virtual currencies citing threat to macroeconomic stability. In a speech to bankers on Monday, RBI deputy governor T Rabi Sankar demolished all the arguments for allowing cryptocurrencies in India as none of them pass basic scrutiny. On the argument that advanced economies (AE) have not resorted to banning such currencies,…
"RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India"
