RBI publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure. These reports are prepared half yearly with reference to the position as at end-March and end-September each year.
The net forward asset (receivable) of the RBI stood at USD 23.60 billion as at the end of March 2023.
The Reserve Bank of India imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India said in a statement.
HSBC Holdings plc is a British multinational universal bank.
This year’s Pulitzer winners include Associated Press, the New York Times and authors Barbara Kingsolver and Hernan Diaz.
The Associated Press won two Pulitzer prizes for journalism, in public service and breaking news photography, for coverage of the Ukraine war that included images of Russia’s siege of Mariupol.
Omar by Rhiannon Giddens and Michael Abels, won the Pulitzer for music.
JSW Energy has signed a power purchase agreement with Solar Energy Corporation of India Ltd (SECI) for wind projects totaling 300 MW.
The PPA is signed for the supply of power for a period of 25 years with a tariff of ₹2.94 per kilowatt (KWh).
The projects are located in Maharashtra and are expected to be commissioned in the next 24 months.
Suman Sharma, Managing Director (MD) of Solar Energy Corporation of India Limited (SECI)
Tata Advanced Systems Limited (TASL) delivered the first indigenously designed and developed loitering munitions to the Indian Air Force (IAF).
The ALS 50, also known as the "suicide drone," is a unique Vertical Take Off and Landing (VTOL) weapon that can operate in any terrain, including high-altitude areas, to take down targets at a range of over 50 km.
The first C295 for India successfully completed its maiden flight, marking a significant milestone towards its delivery by the second half of 2023. The tactical aircraft took off from Seville, Spain, on the 5th May.
India acquired 56 C295 aircraft in September 2021 to replace the (IAF) legacy AVRO fleet. The first 16 aircraft will be assembled in Seville, Spain.
Union Tourism Minister G Kishan Reddy has inaugurated a PM Jan Aushadhi Kendra at Warasiguda in Secunderabad.
Jan Aushadhi Kendras provide affordable healthcare and generate self-employment opportunities for youth.
In Weightlifting, India’s Bindyarani Devi has clinched a silver medal in the women’s 55kg category at the Asian Weightlifting Championships 2023 in Jinju, South Korea.
Sorokhaibam Bindyarani Devi registered a combined lift of 194 kg to finish second on the podium.
China’s Chen Guan Ling won the gold medal with a combined lift of 204 kg.
Indian triple jumper Praveen Chithravel set a new national record with an effort of 17.37 metres on his way to winning a gold medal in the Prueba de confrontacion 2023 athletics meet in Havana, Cuba.
Chithravel improved on the previous men’s triple jump national record of 17.30m set by Renjith Maheswary at the third Indian Grand Prix in Bangalore in 2016.
Card payments company Visa has launched a feature that allows users to carry out online transactions without the need to punch in the cardholder verification value (CVV), if the card has been tokenised.
The CVV-free feature launched in India is aimed at making the online transaction process smoother.
The Urban Development Department and Lucknow Smart City launched “School Health Program” making Uttar Pradesh the first state to make digital health cards for children.
Under the pilot project, the School Health Program has been started by Lucknow Smart City in three schools in Lucknow.
India Post has signed a Memorandum of Understanding with Confederation of All India Traders (CAIT) and Tripta Technologies for logistics service.
The MoU will benefit small and medium traders as they will be able to use India Post as a logistics service provider across the country.
Accenture takes the number one spot for the seventh straight year in the Everest 2023 PEAK Matrix Service Provider of the Year Awards for Information Technology(IT) services.
The ranking of Tata Consultancy Services (TCS), Capgemini, and Wipro has risen to take the number 2, 3, and 4 spots, respectively.
The Uttar Pradesh government has recently approved the establishment of the state’s first Pharma Park in the Lalitpur district of Bundelkhand.
The government has allocated a budget of Rs 1560 crore for the development and provision of necessary facilities to investors in Lalitpur Pharma Park.
Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and Atal Pension Yojana completed eight years.
These schemes are playing an instrumental role in providing social security net and affordable insurance to the people.
These three schemes were launched by Prime Minister Narendra Modi on this day in 2015 from Kolkata in West Bengal.