The prices of gold is experiencing downward train in a country like India that is obsessed with the precious metal.
Gold prices fell by 20 rupees to 31,980 rupees per 10 grams at the bullion market today on easing demand from local jewellers along with subdued global cues, extending its fall for the third straight day.
However, silver recovered by 100 rupees to 40,300 rupees per kg on scattered enquiries from industrial units. Traders said, besides the fall in demand from local jewellers and retailers at the domestic spot market, a weak trend overseas on a firmer dollar, while investors focused on the US jobs data due later in the day for fresh catalysts, kept pressure on gold prices.
Gold prices fell 0.12 percent to 1,310 US dollar an ounce, and silver by 0.15 percent to 16.37 US dollar an ounce in Singapore.
Saturday, May 05, 2018
Gold Slips Below Rs 32,000 on low Demand
Thursday, May 03, 2018
Data leak: India to Continue Probe Despite Cambridge Analytica Closure
The government will continue with its enquiry into the Cambridge Analytica data leak issue despite the firm announcing closure of business.
Sources said, the ongoing probe will continue as the liability of the company existed prior to the closure announcement.
The UK based data analytics and political consulting firm has been under fire in various countries for allegedly harvesting data from almost 87 million Facebook users and leveraging them for political campaigns.
The government had issued notices to both Facebook and Cambridge Analytica, confronting them with questions on data breach issue. The last date for the two companies to respond is 10th of this month.
Yesterday, the British firm announced that it was immediately ceasing all its operations and filing for insolvency in Britain and the United States.
Tuesday, April 10, 2018
India Bans Imports of Oxytocin
Thursday, March 01, 2018
Another Bumper Crop in Offing!
Government has estimated that the foodgrain production will touch a new record of 277.49 million tonnes in 2017-18 crop year as against 275.11 million tonnes last year.
According to the second estimate for 2017-18 released on Monday, Pulses production is pegged at a record 23.95 MT this year, up by 0.82 MT, from 23.13 MT last year.
The wheat production is estimated to decline by 1.40 MT to 97.11 MT from the record of 98.51 MT achieved in 2016-17.
The production of coarse cereals is estimated at record 45.42 MT this year as against 43.77 MT in 2016-17 crop year.
However, oilseeds production is pegged lower by 1.39 MT at 29.88 MT in 2017-18 as against 31.28 MT during 2016-17.
The Agriculture Ministry said, as a result of near normal rainfall during monsoon 2017 and various policy initiatives taken by the government, the country has witnessed record foodgrains production in the current year.
Sunday, February 18, 2018
Chabahar port : Historic Deal Finalized
Saturday, February 17, 2018
India, Iran Ink Nine Agreements in Different Areas
India and Iran have reiterated their commitment to combat terrorism in all its forms and stressed that there can be no justification for any act of terrorism.
In a joint statement issued after the talks between Prime Minister Narendra Modi and Iranian President Hassan Rouhani in New Delhi, the two leaders expressed their conviction that the fight against terrorism should not only seek to disrupt and eliminate terrorists and terrorist organizations but should also identify and address conditions conducive to terrorism as well as extremist ideologies.
The two sides also urged for an immediate end to all support and sanctuaries enjoyed by terrorist groups and individuals. They said, States that aid, abet and directly or indirectly support terrorism should be condemned.
India and Iran welcomed the growing interaction between their National Security Councils and agreed to enhance regular and institutionalized consultations between them and others concerned on terrorism and security. Both sides also expressed interest in enhancing cooperation possibilities in maritime domain.
Talks with Iranian President Fruitful : PM Modi
The Prime Minister of India Narendra Modi has termed his talks with Iranian President Hassan Rouhani as fruitful.
India and Iran on Saturday signed nine agreements in different areas after delegation-level talks between PM Modi and President Rouhani in New Delhi.
The fields in which the agreements were inked include extradition treaty, Chabahar port, medicine and agriculture.
In a joint statement, Modi said, he had a fruitful discussion with Dr. Rouhani on a wide range of issues of mutual interest. He said, the Iranian President's visit will further deepen and strengthen bilateral ties.
Modi also said, both countries would like to see a prosperous and terror-free Afghanistan. He said, India and Iran are connected by common Sufi strain and want the region to be free of terror.
The Prime Minister also thanked Mr Rouhani for providing leadership in developing Chabahar Port which is a gateway to Central Asia.
Both leaders also released a special postal stamp. Earlier in the day, External Affairs Minister Sushma Swaraj called on the visiting dignitary and discussed ways to strengthen co-operation in energy, connectivity, IT, education, culture and people-to-people contact.
The Iranian President was accorded a ceremonial reception at Rashtrapati Bhawan Saturday morning. He also visited Rajghat to pay tributes to Father of the Nation Mahatma Gandhi.
Rouhani will meet President Ram Nath Kovind and Vice President M Venkaiah Naidu later on Saturday.
The Iranian President, who is on three-day visit to India, arrived in New Delhi last night after his stay in Hyderabad.
Thursday, February 15, 2018
India's First Radio festival in Delhi Today
In the inaugural session, Paralympian Deepa Malik in her address said, radio talks about positivity and it is pivotal in celebrating sports.
She said, at every crucial point of her life, Radio was an integral part. Ms Malik said, a documentary made on her life by All India Radio boosted her self-confidence and help create a hero out of a differently abled woman.
Joint Secretary in the Ministry of Information and Broadcasting Anju Nigam, Director General of AIR Fayaz Sheheryar, Director General of Door Darshan Supriya Sahu and UNESCO representative to India Shigeru Aoyagi addressed the gathering.
The festival includes live performances, an exhibition, and slotted panel discussions. Apart from touching on the theme for World Radio Day 2018 - radio and sports - the festival is also examining the potential of the medium as a platform for social change, ways to make it more creative and will trace the journey of music on the radio.
Saturday, February 10, 2018
Tussle Over Andhra Pradesh Getting Interesting
Friday, February 09, 2018
Kerala, Punjab & Tamil Nadu Top NITI Aayog's Health Index
Tuesday, February 06, 2018
Thank God, 22 Indian Sailors Are Now Free
Officials said, all the crew members, who endured the over four-day ordeal, are safe. Director General of Shipping Malini Shankar said, the ship, 'Marine Express', has been released and is back under the command of the captain. She said all 22 crew members are safe and the ship has resumed further sailing.
The Marine Express was at the anchorage Cotonou in the Gulf of Guinea in Benin when it was taken over by pirates on 1st February.
In a tweet, Swaraj said she is happy to inform that Merchant Ship "Marine Express" with 22 Indian nationals on board has been released. The Minister thanked the government of Nigeria and Benin for their help and support in the release of an oil tanker with 22 Indian crew.
Yesterday Swaraj had spoken to her Nigerian counterpart to seek assistance in tracing the missing oil tanker. An official said all the crew members, released by pirates are safe and the ship has resumed sailing. The vessel was at the anchorage Cotonou in the Gulf of Guinea in Benin when it was taken over by pirates on 1st February.
It was immediately not clear if a ransom was paid to secure the release of the vessel and the cargo. The Marine Express was at the anchorage Cotonou in the Gulf of Guinea in Benin when it was taken over by pirates on February 1.
All the communication systems on the vessel were switched off by pirates before making it sail. In a Facebook post, the ship manning agent Anglo Eastern said the Panama-flagged vessel was the subject of a “pirate attack and seizure”, and also confirmed the safe release. The cargo of 13,500 tonnes of gasoline remains on board, the post added.
An official at the Directorate General of Shipping (DGS) had earlier confirmed that the waters in which the vessel was taken over are infested with sea pirates. There had been a few incidents where the pirates had let off hijacked vessels and crew after siphoning-off the on board cargo without demanding any ransom.
In respect of this incident, DGS officials were in contact with the Indian mission in Nigeria, which was coordinating rescue efforts with local agencies. The ship went missing less than a month after another vessel, ‘MT Barret’, disappeared off the coast of Benin in January, and was later confirmed to have been hijacked. The 22 crew members of MT Barret, most of whom were Indians, were reportedly released after a ransom was paid.
Monday, February 05, 2018
SC Gives an Earful to Khaps
Friday, February 02, 2018
India Joins Ashgabat agreement
Thursday, February 01, 2018
India Announces World's Largest Health Programme
World's largest government-funded health programme - 'National Health Protection Scheme' was announced. It will cover 10 crore poor and vulnerable families by providing upto Rs 5 lakh per family per year. The government will launch 'Revitalising of Infrastructure and Systems in Education' by 2022 with a total investment of Rs 1 lakh crore in next 4 years.
This budget is significant as it was Modi government's fifth and final full budget. It is also the first one after GST implementation. Clearly, the focus is on low-cost farming. He said besides 'ease of doing business', the government is also focusing on 'ease of living' now. “
Higher Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost.Hardwork of farmers resulted in a record production of more than 275 million tonnes of food grain and about 300 million tonnes of horticultural produce,” FM said.
The Finance Minister expressed hope that economy will grow at 7.2 percent to 7.5 percent in the second half of 2017-18. He exuded confidence that India is on track to grow at 8 percent.
He proposed to raise institutional credit for agriculture to Rs 11 lakh crore for 2018-19. National Livelihood Mission allocated Rs. 5,750 cr in 2018-19.
Bamboo is green gold and restructured National Bamboo Mission will be launched with an allocation of Rs 1,290 crore to promote bamboo sector in a holistic manner, Jaitley said.
Air Pollution in Delhi NCR is a cause for concern, special scheme will be implemented to support Govts of Haryana, Punjab, UP and Delhi NCT to address it and subsidize machinery for management of crop residue, FM said.
By 2022, every block with more than 50% ST population and at least 20,000 tribal people will have 'Ekalavya' school at par with Navodaya Vidyalas.
Government plans to construct 2 crore more toilets under Swachh Bharat Mission, he informed.
Jaitley said the government has successfully implemented series of structural reforms as a result of which India is one of the fastest growing economies in the world. He said FDI has gone up and Indian economy is now a 2.5 trillion economy.
Bravo India! Government Says Country Cannot Become Refugee Capital of World
Saturday, January 27, 2018
A Barbaric and Dastardly Act
Thursday, January 25, 2018
Thanks President!
Wednesday, January 24, 2018
Total Eclipse of Moon to take place on January 31
A total eclipse of the moon will occur on January 31, 2018. This is the first eclipse of the year, with a rare coincidence of a blue moon and a super full moon. The full moon on that day happens to be the second full moon of the calendar month of January, termed as a blue moon. Further, the moon will be at perigee on January 30, as such the full moon will occur when the moon is near the closest to earth in its orbit. Hence, this full moon will be a little bigger and brighter than the regular full moon, popularly referred to as a super moon.
During totality, the moon will completely enter the earth’s umbral shadow and may look reddish. The sunlight, comprising of seven colours, fall on the earth’s atmosphere. The blue, violet and green portion of it are scattered most and are filtered out, the red and orange portion of it are scattered less, get bent by refraction in the earth’s atmosphere, fall on the moon’s surface during totality making it reddish in colour to look from the earth.
The eclipse will begin as a partial eclipse from h. 17-18 IST and will continue up to h. 20-42 IST. The total eclipse will start from h. 18-21 IST and will end at h. 19-38 IST. The duration of the eclipse will be 3 h 24 mts and the duration of totality will be 1 hr 17 mts. The ending of the total and partial phases of the eclipse will be visible from all places of India. However the entire eclipse, from beginning to end of the partial and total phases, will be visible only from north eastern part of the country including Kolkata. The beginning of the partial phase will not be visible from the rest part of the country, as the partial eclipse will start before the moonrise timings of the most of the places of India. Similarly, the beginning of the totality phases of the eclipse will not be visible from the places along the extreme western coast of the country including Mumbai.
The eclipse will be visible in the region covering North America except the eastern part, western South America, Asia including India, Australia, the Middle East, northern Scandinavia, eastern Europe and eastern Africa.
The next eclipse of the Moon will occur on July 27-28, 2018, which will be a total lunar eclipse and will be visible in India.
Thursday, January 04, 2018
Aadhaar Data Breach: Much Ado About Nothing
Monday, July 17, 2017
Has Pakistan Come to Senses?
Pakistan seems to have come to senses after steadfast and resolute stand taken by India. The Indian forces have given a resolute and befitting reply to Pakistani soldiers who know the language of bullet. It is good that our forces have started speaking the only language that the Pakis know.
Such is the insecurity in Pakistani camp that their Director General of Military Operations (DGMO) called on his Indian counterpart and expressed concern for the Indian retaliation.
“DGMO level talks on behest of Pakistan’s DGMO was held on 17 Jul 2017. During the talks the Pak DGMO raised the issues of targeting of Pak Army troops which resulted in the death of four Pakistani soldiers and one civilian in Athmuqam Sector of Pakistan occupied Kashmir opposite Indian Keren Sector, Kupwara District,” says the press statement by Col Aman Anand,PRO (Army).
The statement says, “Indian DGMO in response highlighted that all ceasefire violations were initiated by Pakistan Army and the Indian Army only responded appropriately to them. Apart from these, firing by Indian troops was initiated against armed intruders when attempting to infiltrate from close proximity of Pak posts along the Line of Control (LC).
“DGMO also put across emphatically that the trend of infiltration along the LC continued with active support of Pak forward posts impacting peace and tranquillity along the LC and also the internal security situation. This was evident from continued attempts of sniping and targeting of our troops undertaken through cross border actions duly supported by Pakistani Army troops,” it said.
DGMO made it implicit that Indian Army reserved the right to retaliate appropriately to any incident of violation of ceasefire but is sincere in its effort of maintaining peace and tranquillity along the LC provided there was reciprocity







