The fall in this week has witnessed due to decline in foreign currency assets by $1.611 billion to $509.646 billion. Mumbai: India’s foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India‘s (RBI) bulletin weekly statistical supplement. The fall was witnessed after it… Continue reading Foreign exchange reserves fall $897mn to $572.98bn in week ending Aug 5
Author: Economic Times of India Online News
Inflation Reduction Act may have little impact on inflation
In theory, lower deficits can reduce inflation. That’s because lower government spending or higher taxes, which help shrink the deficit, reduce demand in the economy, thereby easing pressure on companies to raise prices. WASHINGTON – With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe… Continue reading Inflation Reduction Act may have little impact on inflation
Rupee declines 12 paise to 79.74 on strong dollar demand from importers
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.26 per cent to 105.36. Mumbai: The rupee declined by 12 paise to close at 79.74 against the US dollar on Friday, tracking a strong American currency in the overseas market and rising crude oil prices. Strong demand for the… Continue reading Rupee declines 12 paise to 79.74 on strong dollar demand from importers
U.S. court upholds FCC reallocation of auto safety spectrum
The FCC voted to shift 30 megahertz of the 75 megahertz reserved for Dedicated Short-Range Communications (DSRC) to a different automotive communications technology called Cellular Vehicle-to-Everything, or C-V2X, while moving the other 45 megahertz to Wi-Fi use. WASHINGTON – A U.S. appeals court on Friday rejected a legal challenge to the Federal Communications Commission‘s (FCC)… Continue reading U.S. court upholds FCC reallocation of auto safety spectrum
Top U.S. auto safety regulator stepping down
Cliff is a former deputy executive officer at CARB and will become executive officer at CARB effective Sept. 12. He was the first Senate-confirmed NHTSA administrator since January 2017. WASHINGTON – The top U.S. auto safety regulator is stepping down to return to the California Air Resources Board, the National Highway Traffic Safety Administration said… Continue reading Top U.S. auto safety regulator stepping down
India ‘opposes unilateral change to Taiwan status quo’
On Tuesday, Taiwan’s Foreign Minister Joseph Wu said China used the military drills to influence the international community’s freedom of navigation in the waters and airspace of the Taiwan Strait and to prepare for an invasion. New Delhi: India on Friday said it opposed any unilateral change to the status quo over Taiwan and did… Continue reading India ‘opposes unilateral change to Taiwan status quo’
Highway construction slows to 20.43 km/day during Apr-Jul: MoRTH
New Delhi: The pace of national highway construction in the country has slowed to 20.43 km a day during the first four month of the current financial year, according to official data. While the pace of national highway (NH) construction in the country had touched a record 37 km per day in 2020-21, it had… Continue reading Highway construction slows to 20.43 km/day during Apr-Jul: MoRTH
India’s exports rise by 2.14% to $36.27 billion in July
Representative Image India‘s exports rose by 2.14 per cent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month, according to official data released on Friday. Imports shot up by 43.61 per cent to USD 66.27 billion in the month compared to July 2021, the data… Continue reading India’s exports rise by 2.14% to $36.27 billion in July
IMD partners with Japan government and UNDP to accelerate climate actions
A week after the cabinet approval of the country’s updated ‘climate action plans’ – called Nationally Determined Contribution (NDC), the India Meteorological Department (IMD), government of Japan, and United Nations Development Programme (UNDP) on Thursday announced a new initiative to accelerate climate action and climate-resilient development in 10 states/UT across the country. Projects worth $… Continue reading IMD partners with Japan government and UNDP to accelerate climate actions
July auto wholesales in green, yet below previous highs: SIAM
New Delhi: Automobile wholesales in July 2022 reported a growth of 10.6% to 1,706,545 units with year-on-year sales in the green across segments, according to the Society of Indian Automobile Manufacturers (SIAM). In July 2021, the industry recorded total wholesales of 1,542,716 units. Total domestic wholesales for the month include passenger vehicles, two wheelers, three… Continue reading July auto wholesales in green, yet below previous highs: SIAM