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RBI holds interest rates steady at record lows as economic outlook improves

The Reserve Bank of India (RBI) kept its policy repo rate unchanged at 4 per cent and reverse repo rate at 3.35 per cent, and promised an accommodative stance as long as necessary to revive growth and come out of the Covid-19 induced stress. The central bank said it will restore the cash-reserve ratio (CRR) to its normal levels in two phases, 3.5 per cent (from 3 per cent now) effective March 27, and then at 4 per cent from May.

RBI Monetary Policy: Resident individuals can make remittances to IFCs

RBI Monetary Policy: The Reserve Bank has announced that resident individuals can make remittances to international finance centres for purposes of investing in securities issued by non-resident companies. Watch the video.

HTM limits would be restored in a phased manner from quarter ending June 2023: RBI

SLR holdings in HTM category: The RBI said in order to provide certainty to the market participants in the context of the borrowing programme of the centre and states for 2021-22, it has now been decided to extend the dispensation of enhanced HTM of 22 percent up to March 31, 2023, to include securities acquired between April 1, 2021 and March 31, 2022.

RBI Monetary Policy review press conference

Reserve Bank of India Monetary Policy review press conference headed by Governor Shaktikanta Das

Monetary Policy: RBI lowers inflation projection to 5.2% for Q4 FY21

The Reserve Bank has lowered the retail inflation projection for the current quarter of this fiscal at 5.2%, saying it has returned within the 'tolerance band'. In its last monetary policy review of this fiscal, the RBI has decided to keep the key repo rate unchanged at 4 per cent with accommodative stance to ensure that inflation remains within the target, RBI Governor Shaktikanta Das said while unveiling the policy on Friday.

Projection of CPI inflation revised to 5.2% for Q4 of current financial year: RBI

Mumbai, Feb 05 (ANI): While addressing a virtual press conference in Mumbai on February 05, Reserve Bank of India (RBI) Governor Shaktikanta Das said, "Projection of CPI (consumer price index) inflation has been revised to 5.2% for Q4 of the current financial year."

School for classes 9th, 11th reopen in Delhi

New Delhi, Feb 05 (ANI): Schools for students of classes 9th to 11th reopened in the national capital on February 05. The schools followed COVID-19 guidelines amid pandemic fear. Students and teachers were allowed entry only after thermal screening. Students of classes 9th and 11th joined the school after a long gap of over 10 months. The government had resumed schools for classes 10th and 12th on January 18. All educational institutions were forced to shut down due to coronavirus pandemic.

RBI shall issue guidelines on outsourcing of digital payment, settlement related service

Mumbai, Feb 05 (ANI): While addressing a virtual press conference in Mumbai on February 05, Reserve Bank of India (RBI) Governor Shaktikanta Das said, "The resilience of digital payment ecosystem to operational risks needs to be constantly upgraded." "A potential area of operational risk is associated with outsourcing by payment system operators and participants of authorised payments systems," he added. "To manage the attendant risks in outsourcing and ensure that code of conduct adhered to while outsourcing payment and settlement related service, RBI shall issue guidelines on outsourcing of such services by these entities," RBI Governor further stated.

RBI Monetary Policy: Key highlights of Governor Shaktikanta Das's speech

The Reserve Bank of India (RBI) kept rates steady at record low levels as widely expected on Friday and reiterated that it will continue to support the recovering economy by ensuring ample rupee liquidity in the banking system. Here are the important announcements that RBI Governor Shaktikanta Das made during his policy speech.

COVID-19: Over 49 lakh vaccination registered in India

New Delhi, Feb 05 (ANI): As per the data released by Ministry of Health and Family Welfare (MoHFW), India on February 05 reported single-day spike of 12,408 new coronavirus cases in the last 24 hours. 120 deaths in the same period pushed the COVID-19 toll in the country to 1,54,823. India's confirmed cases of coronavirus stand at 1,08,02,591 which include 1,51,460 active infections. More than 1,04,96,308 people have recovered from the virus with 15,853 new discharges in last 24 hours. Till date the total vaccination is 49,59,445. According to Indian Council of Medical Research (ICMR), a total of 7,15,776 samples were tested on February 04. Cumulative samples tested for COVID-19 till February 04 are 19,99,31,795.

Monetary Policy statement by Reserve Bank of India Governor Shaktikanta Das

Bi-monthly Monetary Policy statement by Reserve Bank of India Governor Shaktikanta Das.

YouTube will no longer stream on third-generation Apple TV

New Delhi, Feb 05 (ANI): If you own an old Apple TV and simply can't live without the want to stream YouTube app, then it might be the time to replace your device as after popping a warning message for users of third-generation Apple TV, YouTube announced that it is ending its support from next month. According to The Verge, YouTube will no longer be accessibly available to stream on the third-generation Apple TV, first launched in 2012. However, the fourth-gen Apple TV HD and fifth-gen Apple TV 4K that Apple currently sells will remain unaffected. As the YouTube streaming will not be conceivable to locally run on the third-generation Apple TV, the owners, however, will be able to access the service from an iPhone or iPad using AirPlay. As per The Verge, other streaming services have also gradually been dropping support for older Apple TV models. HBO also pulled its 'HBO Now app' from second-and third-generation Apple TV boxes, last year. While its more current gadgets run tvOS and hig

Joe Root, Sam Curran meet India's Street Child Cricket World Cup team

Chennai, Feb 05 (ANI): England teat team captain, Joe Root and England team bowler Sam Curran on February 04 met Street Child Cricket team that won the Street Child Cricket World Cup at Lord's in 2019. The virtual interaction, organised by the British High Commission (BHC), took place ahead of India-England Test series, set to begin in Chennai from February 05. Paulraj and Monisha questioned England players on how they got into the game, swapped stories and discussed the upcoming England versus India Test series.

Biden calls on Myanmar military to relinquish power, release detainees

Washington DC (USA), Feb 05 (ANI): US President Joe Biden at US State Department address said that they are in touch with their allies to bring together international community to address Burma military coup. He urged the Burmese military to relinquish power they have seized, release activists and resume telecommunications. Taking a dig on China, Biden said, "We will take on directly challenges posed to our prosperity, security and democratic values by our most serious competitor, China.""We'll also confront their economic abuses. But we're ready to work with Beijing when it's in America's interest," he further added.

EAM S Jaishankar delivers address at ASEAN-India Hackathon 2021

New Delhi, Feb 05 (ANI): External Affairs Minister Dr. S. Jaishankar addressed ASEAN-India Hackathon grand finale on February 04 via video conferencing. EAM Jaishankar said that India identified cooperation in maritime domain as priority under ASEAN-India strategic partnership. "Development of coastal infrastructure, protection of marine ecosystems and providing sustained livelihoods to coastal communities are of topical interest to both ASEAN and India," he added.

IIT Kanpur develops unmanned drone-helicopter

Kanpur (UP), Feb 05 (ANI): IIT Kanpur's Aeronautics Department in collaboration with a start-up have developed an unmanned drone-helicopter. This drone-helicopter can be used for long-endurance surveillance and vaccine distribution. With the capacity to carry weight up to 5kg, it can cover distance of 50km. As the weight reduces, the distance can be increased to 100km. Drone-helicopter can fly up to 11,500 feet but the long range trails are to be held soon. Department of Aerospace Engineering's Professor Abhishek said, "It operates on petrol and can go working for straight 3-4 hours. It can be used for vaccine distribution in far-flung areas."

Rajnath Singh meets Madagascar counterpart in Bengaluru

Bengaluru, Feb 04 (ANI): Defence Minister of India, Rajnath Singh met Defence Minister of Madagascar, Richard Rakotonirina in Bengaluru on February 04. He also presented two mementos to his counterpart during the meeting. "Congratulations to the government, especially the Ministry of Defence because it has been brave to organise such an event in the context which is prevailing now of COVID-19 pandemic," said Rakotonirina to ANI.

Rajnath Singh meets Comoros delegation in Bengaluru

Bengaluru, Feb 04 (ANI): Defence Minister Rajnath Singh met the delegation of Comoros in Bengaluru on February 04. The delegation led by Comoros Minister of Foreign Affairs Dhoihir Dhoulkamal. Both the leaders stressed upon adding momentum to India-Comoros friendship and cooperation.

Rishabh Pant will play tomorrow's match against England: Virat Kohli

Chennai, Feb 04 (ANI): While addressing a pre-match press conference in Chennai, Indian skipper Virat Kohli informed that Rishabh Pant will play tomorrow's match against England, Pant had a massive impact in Australia tour and he's in good headspace, we want to continue with him, he added. He said, "Rishabh Pant will start tomorrow. He had a massive impact in Australia and he's in good headspace, we want to continue with him. He has come along nicely after IPL and has worked hard on his fitness and game. We were very happy to see him flourish." The four-match Test series against England begins from February 5. Test series will be followed by five T20Is and Three ODIs.

Govt using 1239 private, 5912 public hospitals as vaccination session sites: Health Ministry

New Delhi, Feb 04 (ANI): The Union Health Ministry on February 04 informed that government is using 1239 private and 5912 public hospitals as vaccination session sites. "While we are doing the immunization of health care and frontline workers across the country, we are using 1239 private as vaccination session sites. At the same time, we are using 5912 public hospitals as vaccination sites," said Union Health Secretary.