GS-III

Rupee’s recovery spurs stock market

Indian benchmark equity indices rose to new highs on Monday as investor sentiments were lifted on account of a positive trend across most leading Asian markets and a recovery in the rupee against the dollar. The 30-share Sensex gained 330.87 points or 0.87% to close at a new high of …

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Trapped beetle may unlock pollination secrets

Scientists have discovered a beetle trapped in amber that dates back to 99 million years, a finding that may help better understand the relationship between ancient flowering plants and pollinators. A group of unusual evergreen gymnosperms, known as cycads, may have been the first insect-pollinated plants. A study published in …

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A glimpse of automated future

Robots that can diagnose diseases, play badminton and wow audiences with their musical skills are among the machines China hopes could revolutionise its economy, with visitors to a Beijing exhibition offered a glimpse of an automated future. The popular stars of this year’s World Robot Conference, which ended on Sunday, …

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‘Clean banking is new normal’

The ‘clean banking’ drive has started showing results with public sector banks (PSBs) increasingly adopting prudent business approach, replacing aggressive lending practices, said Financial Services Secretary Rajiv Kumar. “The NPA crisis brought an opportunity for the introduction of responsible and responsive banking. All the PSBs, which [collectively] have about 75% …

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What does the falling rupee mean for you and economy?

With the rupee recently weakening past Rs. 70 to a dollar and hovering about that level since, concerns over the impact of the devaluation on economic indicators are intensifying. Here is what happens when the rupee falls: What happens to inflation? One of the first visible effects of currency depreciation …

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