The Indian rupee ended 2022 as the worst-performing Asian currency with a fall of 10.14%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve’s aggressive monetary policy stance to tame inflation. The rupee finished the year at 82.72 to the U.S. currency, down from […]
The first underwater tunnel in India is being built as part of the East-West Metro Corridor’s project, and it will take about 45 seconds for trains to cover the 520-meter stretch. The tunnel that goes under the Hoogly river in West Bengal is being touted as the Indian version of […]
. There is still no clarity on what is happening in China, with experts raising alarm that the country is witnessing a steep increase in the number of COVID-19 cases due to coronavirus variant BF.7. The Union Health Ministry has, however, said that the next 40 days will be crucial in India – […]
With 132.34 metric tonnes (MT) of gold purchase, RBI emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022. Also, RBI was the top gold buyer among its peers in 2020 while it stood third in 2021. In 2020, it bought 41.68 MT of gold while in 2021 and 2022 (till September […]
Residents in China have been scouring the market for generic COVID-19 drugs and India seems to be the answer to their problem. In the recent past, the Chinese authorities have approved two Covid antivirals – Pfizer’s Paxlovid and Azvudine – for the treatment. While China has ran out of the […]
India has emerged as a saviour for the sagging global steel demand with China’s enormous construction sector still in a funk and the US and Europe probably heading into recessions. India is experiencing a building boom and is on track to surpass China as the world’s most populated nation by […]
Vostro accounts are accounts a bank holds on behalf of another, often foreign bank, and this forms a key part of correspondent banking.’ In July 2022, the Reserve Bank of India introduced a new mechanism for international trade settlements in rupees, aiming to promote exports and facilitate imports. Rupee Vostro Accounts […]
In a meeting with Union Health Minister Mansukh Mandaviya, doctors of the Indian Medical Association (IMA) suggested allowing people to take another booster dose of the COVID-19 vaccine. If approved, this would be the second booster dose, with the first one having been approved in early 2022. The meeting was held virtually between […]
The year 2022 saw several extreme weather events all over the world due to climate emergency. These events are expected to increase if the effects of climate change are not mitigated. Vulnerable countries also geared up this year for a renewed battle over compensation for the growing hazards of global warming from richer countries, also known […]
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research. The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers […]
Northern India has emerged as the most favoured spiritual travel destination followed by Southern, Western and Eastern regions in the country, reveals OYO Cultural Travel 2022 Roundup Report by global hospitality chain OYO. Regarded as the spiritual capital of India, Varanasi, which is also one of the oldest cities in the world, […]
According to an online survey done by Taste Atlas, Indian cuisine was termed as the fifth best cuisine in the world. In the global list of best cuisines in the world for the year 2022, Italy was ranked first followed by Greece and Spain on second and third spot respectively. […]
A new search report from US-based vacation rental firm Airbnb reveals that for domestic travellers, Kerala is a more popular beach destination than Goa, apart from the hills of Himachal Pradesh and Uttarakhand, as well as the North-Eastern regions. Under these categories, Airbnb saw over 375 percent increase in searches for Kerala from […]
Food and Consumer Affairs Minister Piyush Goyal on Saturday introduced a host of new initiatives, including a right to repair portal and an NTH mobile app and opened new premises of the National Consumer Helpline centre in the national capital. On the ‘right to repair’ portal, manufacturers will share the […]
On Monday, 19 December, the Centre informed the Lok Sabha that the National Council of Education Research and Training (NCERT) should include Shlokas from Shrimad Bhagavad Gita and knowledge from Vedas in textbooks in Sanskrit from classes 11th to 12th. Besides, references from Bhagavadgita should be incorporated in NCERT textbooks of classes […]
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