New Delhi, June 12 (IANS) Economists on Friday said while a build-up in price pressures is being watched closely against the backdrop of the ongoing West Asia conflict, India’s inflation is at still below the mid-range of the 2-6 per cent target, and thereby less of an immediate policy concern.India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics …
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New Delhi, May 31 (IANS) Indian mountaineer Shradha Gupta has successfully summited Mount Everest (8,849 metres) — the highest point on Earth — completing one of the most demanding achievements in high-altitude climbing. The ascent was undertaken with Elite Expeditions, the company founded by record-breaking mountaineer Nirmal Purja. The summit marks the most significant milestone yet in Gupta’s rapidly rising mountaineering career, which has taken her from recreational hiking in Dubai to th…
New Delhi, May 18 (IANS) Indian mountaineer Shradha Gupta is currently on her Mount Everest expedition, marking another major milestone in her rapidly rising climbing journey after successfully summiting Mount Manaslu (8,163 metres) — the world’s eighth-highest mountain.Shradha reached the summit of Manaslu on September 26, 2025, at 8.06 a.m., alongside elite guide Tenji Sherpa with Nirmal Purja’s Elite Exped team. Manaslu is one of the legendary 14 peaks above 8,000 metres, located in the …
New Delhi, May 12 (IANS) Singapore has emerged as a key hub in China’s strategy to internationalise its currency, the renminbi (RMB), and reduce dependence on the US dollar-dominated global financial system. The city state facilitates China’s monetary and capital flows, across other countries in Southeast Asia, according to a new report.China’s structural limits, like restricted capital mobility and regulatory uncertainty, constrain the RMB’s global acceptance. Consequently, Singapore ac…
New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
New Delhi, April 23 (IANS) The Reserve Bank of India’s partial rollback of recent foreign‑exchange curbs has helped the Rupee strengthen by nearly 2 per cent against the Dollar from record lows of around 95 per USD, a report said on Thursday.”Overall, the decision to ease some of the measures appears to be aimed at striking a balance between supporting genuine hedging needs while curbing arbitrage or speculative activity in the currency market,” the report from DBS Bank said.The RBI partly r…
New Delhi, March 30 (IANS) Finance hub GIFT City on Monday announced that banking assets at its International Financial Services Centre have crossed $106.7 billion as of February 2026, marking over seven‑fold surge from $14 billion in September 2020.The huge surge indicated a rapid scale‑up of India’s offshore banking ecosystem and reflected increasing global and domestic participation in India’s international financial services ecosystem, it said.The growth has been supported by an expa…
New Delhi, March 25 (IANS) India’s markets are likely to recoup some lost ground after the US announced a five‑day reprieve for Iran’s energy infrastructure, a report said on Wednesday.Radhika Rao, Senior Economist and Executive Director at DBS Bank, predicted that the RBI will keep rates on hold in 2026, while addressing specific pockets of strain.The bar for rate hikes is high, due to the “stagflationary” shock and exogenous nature of the event risk, the report said.”Foreign reserve cove…
New Delhi, March 6 (IANS) Women from rural regions in India are more confident in managing finances compared with high-net-worth (HNW) women, according to a report released on Friday.The report by DBS Bank found that financial decision-making among women in India is increasing, particularly among female entrepreneurs.According to the report, 76 per cent of rural women earners feel confident managing finances, compared with 67 per cent of HNW women and 58 per cent of female entrepreneurs.However,…
New Delhi, March 6 (IANS) Union Commerce Minister Piyush Goyal on Friday said that talks are on with the Shipping Ministry and shipping companies to free up cargoes stranded due to the conflict in West Asia.The government will look at ways to ease exporters’ burdens, including high insurance and shipment costs.”Every day, the inter-ministerial group talks to the exporters. Even this morning, they must have had an engagement. They take feedback, and we will not be found wanting in supporting ou…