MUMBAI : Uncertainties induced by the pandemic have forced the Reserve Bank of India (RBI) to reshuffle the weightages of its foreign currency assets.

RBI's deposits with other central banks and the Bank for International Settlement accounted for 33.37% of foreign currency assets at March-end, against 28.83% at end of September 2019.

This re-balancing is at the cost of RBI's investment in securities, which is down to 59.57% from 63.72% during the same period.

Foreign currency assets (FCA), gold, special drawing rights issued by the International Monetary Fund and reserve tranches maintained with it, make up total foreign exchange reserves.

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manchestereveningnews.co.uk

18.05.2020 / 12:27

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Infrastructure investment industry braced for Coronavirus 'shake-up'

The recent coronavirus crisis in the UK and globally will undoubtably have lasting and far reaching effects on the global infrastructure investment industry, which has historically been viewed as one of the safest long-term investments.

Britain hospital Government crisis Coronavirus

Beware of the risks when investing in bank perpetual bonds

Perpetual bonds of banks often yield a higher rate than the interest on fixed deposits. They are marketed to retail investors, especially retirees looking for a regular income. For instance the yield on SBI perpetual bond (as of 15 May) on BSE was 8.58%. This is considerably higher than the 5-7% offered on SBI FDs. For Syndicate Bank, the yield was as high as 10.75%. However, in many cases, investors are not warned of the risks involved. Some of the perpetual bonds (such as AT1 bonds) are explicitly issued as 'risk absorbing' instruments and are subject to write-down if the bank's capital falls below pre-defined thresholds. Here are the risks of investing in this investment product:

covid-19 2020 economy crisis

EPF account deposits could be delayed this year during lockdown

NEW DELHI : Don't be surprised if you see that there has been no deposit in your employees provident fund (EPF) account so far in the new financial year. With severe disruptions in cash flows during the lockdown that began on March 25 and has been extended for the fourth consecutive time till May 31, the Employees' Provident Fund Organisation (EPFO) has allowed employers to delay deposits in EPF accounts.

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manchestereveningnews.co.uk

18.05.2020 / 11:51

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New social distancing guidance for train passengers as services start to increase

Rail operators are ramping up services from today (Monday) to reflect coronavirus travel restrictions being eased.

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SoftBank racks up losses as Vision Fund investments plunge

TOKYO – Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.

Japan city Tokyo pandemic economy Coronavirus

With 299 fresh cases, Delhi's Covid-19 tally crosses 10,000 mark; 160 deaths

299 more coronavirus cases have been reported from Delhi in the last 24 hours, taking the total number of cases in the national capital rose to 10,054 today, according to the Health Department.

India city Delhi covid-19 death guidelines

Hilary Duff is summery in patterned maxi dress as she plays with daughter Banks on grocery run in LA

She looks set to star in a spin-off of her TV Land sitcom Younger once Hollywood gets back to work after the coronavirus lockdown.In the meantime,though, Hilary Banks is clearly loving spending plenty of time with her youngest child.On Sunday, the actress and singer, 32, kept daughter Banks, 19 months, entertained during a trip to the grocery store with hubby Matthew Koma.

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UK taxpayers fork out for at least 20 billionaires to furlough their workers

At least 20 billionaires are among 63 of the country’s richest people who have used the Government’s furlough scheme to pay workers, it is claimed.

Britain pandemic crisis stars shock

‘Increase in covid cases should not set alarm bells ringing’

Calibrated opening will provide impetus for resuming economic activities. This will lead to the workforce returning to their jobs, says Amitabh Kant, chief executive officer, NITI Aayog

Amitabh Kant Niti Aayog China city New Delhi India covid-19 testing Government crisis

UK coronavirus daily death toll rises by 170, lowest increase since March

LONDON: The number of people who have died in the United Kingdom after testing positive for COVID-19 rose by 170 to 34,636, business minister Alok Sharma said on Sunday, the lowest increase in the official death toll since March 24.

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Borrowers avoid fresh debt despite Centre’s push for credit flow

Comparison between FinMin’s loan sanction data and RBI’s credit flow data shows divergence of over ₹4 trillion

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Retail loans may go bad, but won’t hurt banks much

As the growth of bank loans to industry slowed down dramatically in the last six years, retail loans have driven overall loan growth. The good part is that bad loans in retail lending are very low. Will that remain the case in the months ahead? Mint takes a look

covid-19 2020 economy

UP sees highest single-day covid-19 spike with 213 fresh cases; total now 4,353

LUCKNOW : Uttar Pradesh recorded its highest single-day spike with 213 fresh covid-19 cases on Sunday, taking the total in the state to 4,353.

Mohan Prasad covid-19 testing

Lockdown 4.0: Delhi govt to announce fresh guidelines tomorrow, says Kejriwal

Delhi's Chief Minister Arvind Kejriwal today said that there was a possibility of a slight increase in the number of novel coronavirus cases in the national capital due to the reopening of most of the shops and other services owing to the fresh guidelines issued by the Ministry of Home Affairs for the fourth phase of the lockdown, which will commence from Monday.

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Liberals won’t commit to boosting old age security in July despite campaign pledge

Days after announcing additional financial relief for seniors struggling during the COVID-19 pandemic, the federal minister responsible for seniors wouldn’t confirm Ottawa will move ahead with a planned increase to the Old Age Security (OAS) pension in July — a promise made by the governing Liberals during their campaign for re-election.

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Borrowers avoid fresh debt even as govt pushes stimulus through bank loans

MUMBAI: Even as the government’s stimulus relies heavily on flow of credit to sections of the economy, borrowers do not seem to be in the mood for more loans at the moment, bankers and experts pointed out.

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Tropical Storm Arthur forms in Atlantic; first named storm of season

Meteorologist Jim Weber

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With 639 fresh Covid-19 cases, Tamil Nadu's count crosses 11,000-mark

After four more deaths getting reported, the state's death toll reached 78

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Karnataka extends lockdown till 19 May, awaits fresh guidelines from centre

In its order, T.M.Vijay Bhaskar, the chief secretary of Karnataka said that all restrictions will continue for at least another 48 hours to ensure that people do not rush out of their homes and add to the threat of covid-19 in the state

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Sitharaman’s day 5 steps: higher MNREGS outgo; privatization; no fresh IBC case

NEW DELHI: Finance Minister Nirmala Sitharaman on Sunday concluded the 5-day-long series of announcements on the Rs20 trillion financial package that the government hopes will revive the covid-struck economy. Built on the pillars of land, labour, liquidity and laws, today’s package is aimed at increasing government spending on rural jobs; privatizing government companies while ensuring former have a role in strategic sectors; scrapping or rewriting laws for a more business-friendly environment and removing fear of law among firms facing bankruptcy due to covid.

Nirmala Sitharaman city New Delhi economy Government crisis

Delhi Metro rides in lockdown 4.0: No beeps, no frisking at security check

NEW DELHI : With indications coming that the Delhi Metro will start in lockdown 4.0 beginning from Monday, the CISF is already equipped with providing security cover to the public transport facility premises, but this time with a new set of measures that include "no beep at DFMD, no frisking" method.

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BT Sport app crashes during Bundesliga coverage as fans left furious

Football fans excitement at the return of the Bundesliga fell flat yesterday, as the BT Sport app malfunctioned causing many viewers to miss out on the action.

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Covid-19: Health expenditure will be increased, says Sitharaman

NEW DELHI : In the wake of the novel coronavirus pandemic, the Union finance minister Nirmal Sitharaman on Sunday said that health expenditure will be increased and health reforms will be made at the grassroots level.

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Govt allows direct overseas listing of securities by Indian public companies

To further enhance the Ease of Doing business, Finance Minister Nirmala Sitharaman today said that the government will allow direct listing of securities by Indian public companies in permissible foreign jurisdictions. Private companies which list NCDs on stock exchanges not to be regarded as listed companies.

Nirmala Sitharaman India Government

Can I (I) - Hilary Duff - Matthew Koma - Hilary Duff posts sweet video of daughter Banks hogging gummy bears after facials with Matthew Koma - dailymail.co.uk

Hilary Duff posts sweet video of daughter Banks hogging gummy bears after facials with Matthew Koma

Hilary Duff has a few potential projects to get to work on after the COVID-19 pandemic ends.But the former child star is currently enjoying some quality family time as she quarantines at home.She posted an adorable video Saturday to her Instagram story of daughter Banks hogging all her gummy bears away from mommy and daddy. Sweet tooth: Hilary Duffposted an adorable video Saturday to her Instagram story of daughter Banks hogging all her gummy bears away from mommy and daddyThe 32-year-old sat on the floor as her toddler enjoyed a bowl of the candy while standing at their coffee table.'Can I have a gummy bear?' she asked as the one-year-old, who kept shaking her head, 'Please? You have a lot in your bowl.

Can I (I) Hilary Duff Matthew Koma covid-19 mask stars

Wyoming’s Coronavirus-Related Death Count Increases

May 16, 2020

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Inside the rush to secure Rio de Janeiro's few COVID-19 beds

DUQUE DE CAXIAS – Specialists stood over intubated patients in the intensive care unit, reviewing charts and jotting down notes. They conversed in low voices, barely audible amid the incessant beeps from patients' monitors.

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HSBC, Citi speed up digital push to ward off Asian upstarts

With branches shut, customers social distancing and fearful of tainted cash, the brick-and-mortar giants are seeing a surge in demand for digital services

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Saskatchewan reports 1 new coronavirus case, lowest single-day increase in weeks

Health officials in Saskatchewan reported one new case of novel coronavirus on Saturday, the lowest single-day increase in nearly three weeks.

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Covid-19: Central teams launch 'door-to-door' surveillance in worst-hit areas

The Union Health Ministry had deployed these public health teams to at least 20 districts reporting the maximum number of Covid-19 cases in the country

city New Delhi covid-19 Government

Kerala reports 11 new Covid-19 cases, active cases increase to 86

All of the fresh cases are imported cases, said the chief minister Pinarayi Vijayan on Twitter

Pinarayi Vijayan hospital covid-19 testing infection

Phishing attacks in name of Aarogya Setu app increasing

NEW DELHI : Phishing attacks in the name of Aarogya Setu mobile application are witnessing a "high rise" as online scamsters are taking advantage of the increased inquisitiveness of internet users during the COVID-19 pandemic, India's cyber security agency said on Saturday.

city New Delhi India covid-19 testing pandemic information

hollywoodreporter.com

16.05.2020 / 17:33

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Saudi Arabia's Investment Fund Adds Disney and Facebook to Holdings

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has acquired stakes in The Walt Disney Co., Facebook, Starbucks and other large U.S. public companies in the past few months.

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Elsa Pataky competes with husband Chris Hemsworth during workouts

Elsa Pataky competes with her “perfectionist” husband Chris Hemsworth during their intense workouts.

Chris Hemsworth Elsa Pataky India Australia Thor Instyle

How to make fresh food last longer

As people continue to stay at home during the COVID-19 outbreak, more are opting to buy their food in bulk. However, keeping it fresh for longer can be a challenge.

covid-19 outbreak

Covid-19 crisis offers banks chance to prove they have changed

"This time banks can be and will be…part of the solution rather than being the problem. The payment breaks are the most visual example of that, maybe, the most direct one."

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Aston Villa suffer fresh blow to survival hopes amid doubts over Villa Park return

Aston Villa’s Premier League survival hopes could be in tatters after the West Midlands mayor and police chief’s comments that playing games at Villa Park may not be possible.

city Birmingham city Leicester Premier League Aston Villa FC Coronavirus

WWE News: Otis on performing without live audience amid COVID 19 lockdown: Everything happens for a reason

The latest edition of Money In The Banks event was the second major event WWE held without its live audience due to the Coronavirus pandemic. Earlier this year, the production of live shows, movies, and series were canceled to encourage social distancing in an attempt to control the spread of the deadly virus. However, WWE took a stand and decided to hold all its events amid the ongoing lockdown. WWE announced that instead of shooting the matches with a live audience, it will go fan-free and live stream the events.

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Central parts of most Indian cities vulnerable to contagion

Delhi, Kolkata, and Mumbai have the highest shares of population living in high-risk wards according to an analysis of satellite data

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Flight to safety may benefit banks, insurers

Indian households will probably shift toward liquid and safer financial assets as concerns over income losses rise, ICICI Securities said in a note to clients

India innovations economy

Calgary parents deal with school busing increases during pandemic

Parents across Calgary are dealing with sticker shock as the Calgary Board of Education announced fee increases for busing, and changes to busing for kindergarten kids. Adam Toy reports.

pandemic shock

Alberta increases outdoor gathering size to 50 people

Alberta’s Dr. Deena Hinshaw announces they are increasing the size of allowable gatherings outdoors from 15 to 50.

Deena Hinshaw gatherings

Orange County expanding its free PPE supplies for small businesses into next week

ORANGE COUNTY, Fla. – Due to the success of the program to provide free personal protection equipment to small businesses in Orange County, officials announced they plan to expand the program into next week.

state Florida county Orange county Banks mask sanitizer

Central Florida property owners join federal lawsuit against Gov. DeSantis demanding reopening of vacation rentals

ORLANDO, Fla. – Two Central Florida property owners added their names to an existing federal lawsuit, demanding that vacation rental properties be allowed to reopen amid the pandemic.

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‘Mad Max’ Director Confirms Charlize Theron Won’t Return For Furiosa Spinoff Movie

When Charlize Theron’s “Mad Max: Fury Road” character returns in an upcoming sequel, don’t expect to see her reprising the role.

New York covid-19 pandemic stars

Increased police patrols and enforcement of emergency orders on long weekend

Police are stepping up patrols for the Victoria Day long weekend. But as Mark Giunta tells us, the current emergency orders are adding to the list of what police are looking for.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

India increases forex investment in securities, deposits with central banks

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