Tag: stable

  • Afghanistan’s central bank sells USD 14 million to keep local currency stable

    Afghanistan’s central bank sells USD 14 million to keep local currency stable

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    Kabul: Afghanistan’s central bank Da Afghanistan Bank (DAB) sold $14 million by auction on Sunday to stabilise the exchange rate of the national currency afghani, the bank said in a statement released here on Sunday.

    The local currency afghani has been tumbling against foreign currencies, especially the US dollar, over the past couple of months. The exchange rate of 1 US dollar increased from last week’s 86 afghani to 87.15 afghani on Sunday, Xinhua news agency reported.

    Afghanistan’s central bank has injected millions of US dollars into the country’s money-exchange market over the past month to prevent the fall of the afghani against foreign currencies.

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    Afghanistan has received more than 2 billion dollars in cash over the past 18 months as part of the international community’s humanitarian aid to prevent the economic collapse of the cash-strapped country.

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    ( With inputs from www.siasat.com )

  • Delhi’s Saket Court firing: Injured woman is stable, says police

    Delhi’s Saket Court firing: Injured woman is stable, says police

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    New Delhi: The condition of the woman shot at inside a Delhi court complex was stated to be out of danger and stable, officials said on Saturday.

    The woman is currently undergoing treatment at the premier All India Institute of Medical Sciences (AIIMS) here. A police officer said the condition of the woman was out of danger and stable.

    The accused, a debarred lawyer, had fired four rounds at the woman, identified as M Radha, and wounded her inside Saket court in south Delhi on Friday. A man who works as a ‘munshi’ in the court was also injured in the firing that occurred around 10.30 am.

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    Kameshwar Singh alias Manoj Singh, a resident of Durga Ashram in Chhatarpur, was arrested from a house in Faridabad where he was hiding after the incident. He has been booked under IPC Section 307 (attempt to murder) and sections of the Arms Act.

    Singh had filed a case of cheating against the woman and her lawyer over a monetary dispute involving Rs 25 lakh. The hearing was scheduled for Friday.

    On his complaint, a case was registered against Radha and she was arrested in December 2022. After she got conditional bail from Delhi High Court, he asked her to return the money but she refused.

    Singh had warned Radha that if she did not return the money he would kill her in court. They had an argument over the issue on Friday, when they gathered for mediation, and Singh took the licensed revolver of his private security guard and opened fire on Radha.

    (Except for the headline, this story has not been edited by Siasat staff and is published from a syndicated feed.)

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    ( With inputs from www.siasat.com )

  • India-China border now stable, situation of ’emergency control’ over: Chinese diplomat

    India-China border now stable, situation of ’emergency control’ over: Chinese diplomat

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    Kolkata: The earlier situation of “emergency control” at the India-China border is a matter of the past, and overall it is stable at present, a senior Chinese diplomat said here.

    Interacting with journalists on Friday evening, Minister Counsellor of the Chinese Embassy in India, Chen Jianjun, said the two Asian giants continue to maintain communication via diplomatic and military channels, promoting the transition of the border situation to “normalised management and control”.

    “The current border situation is overall stable,” he said.

    Indian and Chinese soldiers clashed along the Line of Actual Control (LAC) in the Tawang sector of Arunachal Pradesh on December 9, resulting in minor injuries to a few personnel from both sides. The clash near Yangtse in the sensitive sector took place amid the border standoff between the two sides in eastern Ladakh.

    The ties between India and China nosedived significantly following the fierce clash in Galwan Valley in June 2020 that marked the most serious military conflict between the two neighbours in decades.

    “The Chinese side has always viewed and handled China-India relations from a strategic and long-term perspective. Although the relationship faces some difficulties, China’s position has never wavered and we have been committed to pushing it back on the track of healthy and steady development,” Jianjun said.

    He said the two countries could draw strength from their ancient civilisations, and share oriental wisdom with the world, so as to jointly maintain the stability of the international order.

    “In a world intertwined with changes and chaos, China and India could speak out loud for more institutional rights of developing countries. The two countries working together will bear on the future of Asia and beyond,” he added.

    Jianjun said China supports India in fulfilling its role during its presidency of G20 and the Shanghai Cooperation Organisation (SCO).

    “China and India’s bilateral trade continues to grow. Cultural, scientific, technological, educational and other people-to-people exchanges and cooperation resume in an orderly manner,” he said.

    The diplomat said China and India share similar positions on many regional and international issues, and have extensive common interests in South-South cooperation, development and poverty reduction, climate change and energy security.

    “We believe that China and India could find a way for the neighbouring countries to live in peace and develop together, so as to realise the ‘Asian Century’,” he added.

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    ( With inputs from www.siasat.com )

  • Adani crisis: Banking sector resilient and stable, says RBI

    Adani crisis: Banking sector resilient and stable, says RBI

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    Mumbai: Amid concerns over banks’ exposure to the embattled Adani Group, the Reserve Bank on Friday said India’s banking sector is resilient and stable, and the central bank maintains a constant vigil on the lenders.

    Responding to media reports expressing concern about the exposure of Indian banks to a “business conglomerate”, the Reserve Bank said in a statement that it is constantly monitoring the banking sector.

    However, the RBI did not name the Adani Group.

    As per the current assessment, the RBI said, “the banking sector remains resilient and stable. Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy.”

    “As the regulator and supervisor, the RBI maintains a constant vigil on the banking sector and on individual banks with a view to maintaining financial stability. The RBI has a Central Repository of Information on Large Credits (CRILC) database system where the banks report their exposure of Rs 5 crore and above which is used for monitoring purposes,” the central bank said.

    The RBI, the statement said, remains vigilant and continues to monitor the stability of the Indian banking sector.

    It further said that banks are also in compliance with the Large Exposure Framework (LEF) guidelines issued by the RBI.

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    ( With inputs from www.siasat.com )