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PM Modi congratulates students who passed CBSE Class 12 exams

Sri Lankan army supports presidential secretariat in Colombo

HDFC AMC’s board has approved the appointment of Chirag Setalvad as head of equities and Shobhit Mehrotra as head of fixed income.

Prashant Jain, Chief Investment Officer at HDFC AMC, resigns

Chief Election Commissioner Rajiv Kumar and EC Anup Pandey sign Draupadi Murmu’s election certificate

Rajya Sabha proceedings adjourned until 2:30 p.m. amid opposition protests

North Korea warns of security instability over US-South Korean drills

North Korea has warned that the US and South Korea will face ‘unprecedented’ security challenges if they do not halt their campaign of hostile military pressure against the North, including joint military exercises , reported AP.

Indian government has collected Rs. 16 lakh crore in excise duty on petrol and diesel over the past 6 years: AAP MP

Inflation appears to have peaked, says RBI Governor

Lok Sabha proceedings adjourned until 2 p.m.

Pralhad Joshi slams Sonia-Rahul Gandhi

Union Minister Pralhad Joshi today said Sonia and Rahul Gandhi went to the Supreme Court but the National Herald case was not thrown out. “They are out on bail. They harassed the Prime Minister when he was Chief Minister. Yesterday they did not let Parliament function even when we agreed to discuss the issue of price hikes. They think they are above the law,” he said.

Sri Lankan president expected to keep his financial portfolio

Sri Lankan President Ranil Wickremesinghe could retain the finance portfolio and could also appoint a deputy minister to help him with the work of the department, a source with knowledge of the matter told Reuters.

If there is a need for liquidity, banks will slowly and steadily increase deposit rates: Das

Digital lending guidelines should be out soon, we’re trying to take a balanced call that’s why it’s taking a long time : Das

It is too early to tell how the Rupee Trade Settlement Mechanism will work, but we hope it will be chosen in the future: Das

The liquidity of the system will decrease while public spending will probably increase in the second half of the year; ensure that the credit drawdown is not affected: Das

We will review the 6.7% inflation projection for FY2023 at the next MPC meeting. I wouldn’t like to comment further because our research teams are working on it: Das

Systemic liquidity has declined, although it is much higher than it was before the start of the pandemic. In uncertain times, giving dot chart will create unnecessary expectations on both sides: RBI governor

The Lok Sabha proceedings have been adjourned until 12 noon today

Our objective is to keep inflation around 4% over time so that the growth sacrifice remains within manageable limits: Das

Our approach is to deal squarely with the problem of inflation. Our goal is to have a soft landing for the economy

– RBI Governor Shaktikanta Das

The high frequency indications in July look very positive. Overall demand has improved and rural demand is showing signs of recovery: Governor Das

It’s everyone’s advice at RBI not to move the goal post (of inflation) as it suits us, the frame works well : Das

RBI decisions on rate hike always keep growth target in mind: Das

India is inviting tenders for the design and construction of Mumbai Metro Station and Tunnels for High Speed ​​Rail Project.

Rajya Sabha proceedings have been adjourned until noon today

Inflation targeting is important at all times because the common man suffers the most due to high inflation. Unless the central bank takes action to contain inflation, negative interest rates will rise: Das

Current inflation targeting framework has worked very well over the years, says RBI Governor

RBI has provided US dollars to the market to ensure there is adequate liquidity: Das

Inflation stabilizing and foreign exchange reserves are adequate: RBI Das

Good governance remains fundamental to success and must not be compromised at any time: RBI Governor

In the future, the world of banking will be collaborative and competitive: Das

Banks are deemed to be permanent institutions when they obtain a license from the RBI. Bank shareholders should focus on long-term profitability: Das

RBI not targeting rupee level: Das

“We have zero tolerance for wild swings in the foreign exchange market,” the RBI Governor said.

Rupee movements have been relatively smooth and orderly. India will continue to engage in the foreign exchange markets and ensure that the rupee finds its optimal level relative to its fundamentals, Das said.

A predominant portion of external commercial borrowing is properly hedged, Das said. Of BCE’s outstanding amount of $180 billion, nearly 44%, or $79 billion, is unhedged.

Akasa Air opens reservations and launches commercial flights on August 7

The newest entrant into Indian airspace, Akasa Air, today opened bookings for its commercial flights which are expected to carry passengers from August 7. The initial network includes Ahmedabad, Bangalore, Mumbai and Kochi. “In the inaugural phase of its network development, Akasa Air will launch its operations by offering 28 weekly flights between Mumbai and Ahmedabad from August 7, 2022,” it said in a statement. From August 13, the airline will start operating 28 additional weekly flights between Bangalore and Kochi.

Notice of Adjournment of Parliament

  • Congressman Kodikunnil Suresh gave adjournment notice to Lok Sabha over unemployment issue
  • Congressman Manickam Tagore gave adjournment notice to Lok Sabha on the issue of recent GST rate hike

Mallikarjun Kharge on Murmu’s victory

Having a female president is welcome, Congress leader Mallikarjun Kharge said after NDA-backed Draupadi Murmu won the presidential election. “I hope she will respect the constitution and democracy because that is what brought her to this position. We wish her success,” he said.

Minister I&B congratulates Murmu

Information and Broadcasting Minister Anurag Thakur congratulated Draupadi Murmu on his victory in the presidential elections. “I thank those who were not in the NDA but who voted for her. They rose above their party for the welfare of the country. To see a tribal woman rise to the highest office is a sight welcome,” he said.

Opposition protests persist

Opposition leaders, including Congress MPs, continued their protest in Parliament against the central government over the rise in the GST rate, inflation and other issues

Modi urges citizens to hoist tricolor flag

Veteran politician Dinesh Gunawardena named Sri Lanka’s new prime minister

African swine fever reported in Wayanad district of Kerala, officials say

The rupee drops 5 paise to 79.90 against the US dollar in early trading

India Covid-19 Update

  • India records 21,880 new Covid-19 cases in past 24 hours vs. 21,566 the day before
  • Death toll increases by 60
  • Daily positivity rate at 4.42%
  • Active cases up 601
  • 21,219 recoveries in the last 24 hours

What’s going on in Lanka right now

Sri Lankan security forces raided an anti-government protest camp in the commercial capital Colombo on Friday morning, two protest organizers said, in a sign the country’s new president was cracking down on a day after he was sworn in. Police also arrested nine people on Friday. after the raid, a police spokesman said. At least 50 protesters were injured, organizers, including journalists, said.

US charges ex-Coinbase exec in first crypto insider trading case

A former chief product officer at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving a cryptocurrency, U.S. prosecutors in Manhattan said Thursday. Ishan Wahi, the cryptocurrency exchange’s product manager, and his brother Nikhil Wahi were arrested Thursday in Seattle. They and a third defendant, their friend Sameer Ramani, also face civil charges related to the United States Securities and Exchange Commission. Ramani is on the run.

An Air India Dreamliner plane from Dubai to Kochi which had 258 on board was diverted to Mumbai after the pilot reported ‘loss of pressure’.

Mamata Banerjee’s party will abstain from voting in the vice-presidential election, in which the ruling BJP candidate is Jagdeep Dhankhar, the governor of Bengal.

Cong will decide how to proceed against MPs who cross-voted in president’s polls

As many as seven MPs from the Gujarat Congress party reportedly voted in favor of NDA’s Draupadi Murmu in the presidential poll. Murmu, who got 121 votes from the state, is estimated to have received 111 votes for the BJP, 1 for the NCP, 2 for the Bharatiya Tribal Party and 7 for the Congress. While opposition candidate Yashwant Sinha, who was expected to get 64 votes – 63 from Congress and one from independent MP Jignesh Mevani, got 57 votes.

Russia and Ukraine will today sign an agreement to reopen Ukraine’s Black Sea ports to grain exports, an encouraging sign that an international food crisis caused by the Russian invasion may be easing. Ukraine and Russia, both among the world’s largest food exporters, did not immediately confirm the announcement made Thursday by the Turkish presidential office. But in a late-night video address, Ukrainian President Volodymyr Zelenskiy hinted that his country’s Black Sea ports could soon be unblocked.