MUMBAI: As quantum computing moves from theory towards application, the RBI has set up an expert committee for a quantum-secure and adaptive financial ecosystem to assess how a technology that can solve complex financial problems could also threaten existing cryptographic standards.Quantum technology is different from regular computing because it can handle multiple possibilities at the…
New Delhi: Indians remain hooked to cereals, while neglecting other components of a balanced diet like pulses, vegetables, fruits, milk and meat, shows a govt study. The study has compared food consumption patterns of the Indian households with the latest nutrition guidelines recommended by Indian Council of Medical Research (ICMR).Barring Kerala and only urban areas…
MUMBAI: The rupee gained paise to close at 95.23 against the dollar up 46 paise from its previous close of 95.69 following statements from the RBI governor in support of the currency combining with a softening of crude oil prices in the international market on hopes of an Iran-US truce.“The rupee has strengthened, and the…
NEW DELHI: In a move to end the confusion of price to quantity printed on edible oil packets, govt is looking to bring uniformity. Against the current practice of manufacturers mentioning packet sizes such as 650, 700, 810, 850 and 870 grams, the new norm would be 200 ml, 500 ml, 1-5 litres, 15 litres…
NEW DELHI: Petrol prices breached the Rs 100-a-litre-mark in the capital on Monday after state-owned oil companies effected the fourth hike in retail fuel rates in 11 days, raising petrol prices by another Rs 2.61 to Rs 102.12 a litre to cut losses from selling auto fuels below market cost. Petrol price was last past…
NEW DELHI: Petroleum ministry officials told a parliamentary panel on Monday that there is 78 days of crude stock and assured there is no shortage of LPG, in response to questions from several members over “long queues” at fuel stations in some parts of the country.The panel on transport, tourism and culture headed by JDU…
The rupee appreciated by 34 paise to close at 95.26 against the US dollar on Monday, marking its third consecutive session of gains, amid improving global sentiment over a possible peace agreement between the United States and Iran.According to news agency PTI, the rupee strengthened as optimism grew around easing tensions in West Asia and…
Stock markets are set for a shortened trading week, with the National Stock Exchange and BSE scheduled to remain closed on Thursday, May 28, on account of Bakri Eid.This will be the second trading holiday in May after markets remained shut earlier this month on May 1 for Maharashtra Day.The holiday means equity, equity derivatives…
Union finance minister Nirmala Sitharaman on Monday said the government is willing to listen to concerns raised by stock market investors regarding the taxation framework for Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG).Speaking to reporters on the sidelines of the TEXPROCIL Export Awards event, Sitharaman said the Centre remains open to suggestions from…
The government on Monday said it is closely monitoring fuel supplies across the country and taking immediate corrective measures to prevent shortages, amid panic buying and dryouts reported at petrol pumps in parts of Gujarat, Maharashtra and Uttar Pradesh.Sujata Sharma, joint secretary in the ministry of petroleum and natural gas, said India has sufficient stocks…
