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NEW DELHI: The Central Industrial Security Force (CISF), which now fully secures the Parliament House complex (PHC), has okayed an extended four-year tenure for its personnel on Parliament security duty, which may be further stretched by a year. The move is aimed at striking the right balance between operational continuity, so as to enhance familiarity…
As the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) prepares to unveil its policy decision this week, economists and industry experts are divided over whether the central bank will cut rates or maintain its current stance.The meeting, which begins on Wednesday, has raised curiosity about the central bank’s decision. Here is what the…
NEW DELHI: Union commerce and industry minister Piyush Goyal’s recent three-day visit to Israel highlighted India’s growing role as a trusted and reliable partner on the global stage. Invited by Israel’s Minister of Economy and Industry, Nir Barkat, Goyal visited the country from November 20–22.“Today, India is emerging as a trusted friend and a reliable…
MUMBAI: Thinking of buying an air-conditioner in the new year or getting some fancy bathware or copper-based kitchen utensils to add to the aesthetics of your home? You may have to pay more, as the red metal used in several household products has surged in recent months. Copper prices surpassed a record $12,000 per tonne…
NEW DELHI: The Centre is expected to go ahead with its thrust on capital expenditure and is likely to step up spending in the budget, hoping that a multiplier effect, along with higher consumption demand will boost investment and economic activity.At the heart of the strategy will be a focus on railways, which may get…
NEW DELHI: A shipping lobby group and a state-run oil company on Friday sought security escort for vessels moving in and out of the Strait of Hormuz, the channel for oil and gas supply from West Asia, while also suggesting access through other ports, such as Yanbu in Saudi Arabia, to ensure uninterrupted flow of…
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By Omkar Godbole (All times ET unless indicated otherwise) Uh-oh, the bitcoin BTC$66,077.68 price pattern that presaged the final and deepest phases of previous bear markets has appeared again. In mid-November 2018, CoinDesk discussed a bearish flip in long-term averages on a chart that bundles three days of price action into each candle. It warned…
India’s foreign exchange reserves fell by $1.877 billion to $686.227 billion for the week ended November 28, the Reserve Bank of India (RBI) said on Friday. The decline comes after a sharper $4.472 billion drop in the previous reporting week, when overall reserves slipped to $688.104 billion, PTI reported.According to RBI data, foreign currency assets…
