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Collections under RBI’s dollar swap scheme exceed $72.8 billion

Indian banks raise $72.8 billion in foreign-currency funds under RBI’s special swap facility as forex inflows surge MUMBAI: Banks have mobilised $72.8 billion of foreign-currency inflows under RBI’s special swap facility as of Aug 21, with the pace of mobilisation accelerating sharply in recent weeks. Foreign currency non-resident (bank) or FCNR(B) deposits accounted for $65.4...

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Soon, no need for physical boarding cards at immigration

From Sept 1, flyers can use e-boarding passes at India’s immigration counters; physical passes won’t be stamped NEW DELHI: Starting Sept 1, people flying in and out of India will no longer be required to provide a physical boarding card at the immigration counter. Travellers can show their e-boarding cards instead. This major change by...

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BCI chairman faces calls to quit, co-chair demands inquiry

BCI co-chair seeks Manan Kumar Mishra’s resignation, alleges financial irregularities NEW DELHI: After facing brickbats from law students and also from Supreme Court for acting beyond jurisdiction in barring law graduates from Hyderabad’s NALSAR University of Law from being registered as advocates, for which he later apologised, Bar Council of India chairperson Manan Kumar Mishra...

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Big milestone: India’s 1st 100% indigenous AK-203 ‘Sher’ made, test-fired in Amethi

India’s indigenous AK-203 ‘Sher’ gun successfully test-fired in major defence milestone NEW DELHI: In a big milestone for indigenous defence production, Indo-Russian Rifles Private Limited (IRRPL), a joint venture established between Delhi and Moscow in 2019 to locally manufacture AK-203 assault rifles under the ‘Make in India’ initiative, has successfully manufactured and test-fired the first...

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India-US ties to define global stage, trade deal coming: Sergio Gor

Sergio Gor said India-US ties are driven by Modi-Trump trust, with the bilateral trade deal ‘on its way’ and Quad cooperation set to deepen NEW DELHI: The India-US relationship is anchored in trust and friendship between PM Narendra Modi and President Donald Trump, said US ambassador to India Sergio Gor. The ambassador also said that...

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‘Ties must serve mutual interest’: EAM Jaishankar on Bangladesh

Jaishankar said India’s ties with Bangladesh must be based on mutual interest, while stressing that stability with China and the fight against terrorism remain key to New Delhi’s foreign policy NEW DELHI: For any relationship to work, it has to meet the test of mutual interest, external affairs minister S Jaishankar said Saturday on the...

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Ganpati idol falls during procession in Mumbai; 2 dead, 5 injured

Idol of Bhuleshwar Cha Raja which met a sad end MUMBAI: Two people died, and five others were injured after an over 22-foot-tall Ganpati idol of Bhuleshwar Cha Raja fell during its arrival procession at Dr Atmaram Merchant Road, Kabutarkhana, Jay Ambe Chowk, in Bhuleshwar, on Saturday night at around 10 pm.According to the police,...

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