Forex reserves at record high of USD 361.601 bn


Apr 30

Continuing their rising trend, India’s foreign exchange reserves increased by 1.350 billion US Dollars to touch a record high of 361.601 billion dollars in the week to 22nd April. A RBI release said, foreign currency assets, a major part of the overall reserves, rose by 1.350 billion dollars to 337.537 billion dollars in the reporting week.

In the previous week, the reserves had had risen by 333.7 million dollars to 360.250 billion dollars. Gold reserves remained unchanged at 20.115 billion dollars in the week. India’s special drawing rights with the International Monetary Fund increased by 0.1 million dollars to 1.498 billion dollars, while the country’s reserve position with the Fund remained unchanged at 2.450 billion dollars.



Apr 30

Saina Nehwal suffered a straight-game defeat against local favourite Yihan Wang in the semifinals of women’s singles of Asian Badminton Championship at Wuhan in China, today.

Olympic bronze medallist Saina lost 16-21 14-21 to sixth seed Wang in a 41-minute match to register her 11th defeat against the Chinese.

It was yet another semifinal finish for the World No. 8 Indian, having made it to the final four in the Swiss Grand Prix Gold, India Super Series and Malaysia Super Series Premier Open earlier in the year.

This was the last tournament before the Olympic qualification deadline of May 3rd.


Panama govt sets up panel to clean up country’s financial system


Apr 30,  1:53 PM

The government of Panama has set up a committee of independent experts to make recommendations on cleaning up the country’s financial system. The move comes after leaks of documents from the Panamanian law firm Mossack Fonseca caused an international uproar over offshore accounts.

President Juan Carlos Varela called for the review after the Panama Papers leak suggested rich foreigners were using the accounts to hide their wealth. He was speaking at the committee’s inauguration yesterday. Mr Varela said, their administration is committed to bullet-proofing Panama financial services sector against threats from people and groups who want to use it for illegal activities.

The advisory group includes Nobel economics laureate Joseph Stiglitz, former Panamanian President Nicolas Ardito Barletta and former Panama Canal administrator Alberto Aleman Zubieta. The group is to present recommendations to Mr Varela in six months.



Devendra Fadnavis launched

World’s 1st online museum for Vintage & Current Coins, Stamps & Currency Notes
  • The world’s first of its kind online Numismatics (coins), Notaphily (currency notes ) & Philately (stamps ) museum with free access by registration
  • Launched with an objective to impart and share knowledge and create interest for general public, students, scholars, collectors, buyers & sellers
  • Facilitates online storage of rare coin, stamp and note images to be showcased to friends
  • Provides information on all national & international events, seminars, forums, etc.
Mumbai, April ,2016:  With an objective of reintroducing the joy and fun of coins, currency notes & stamps collection to modern India and its youth. – the world’s first online museum for Vintage & Current Coins, Stamps & Currency Notes was launched by Maharashtra State Chief Minister Hon. Shri Devendra Fadnavis.
Mr. Sushilkumar Agrawal, CEO, Mintage World & Hon. Chief Minister unveiled it on the momentous occasion of the 25th (silver jubilee) anniversary of “Shukla Day” – India’s largest annual exhibition on coins, currency and stamps, being held at the World Trade Centre. Several prominent personalities, collectors and celebrities graced the launch
Mintage world is a wonderful way to educate contemporary India and the world about our rich historical heritage, tradition & culture. This online museum will impart rare information such as detailed catalogue of stamps, coins and currency notes all under one roof. Fascinating & interesting history section on coin issuing authorities, dynasties and rulers will be one of the major highlight of this site.
The sole vision behind this initiative is to provide a single point of access to seek and share information and knowledge of these three fields along with its global updates. It brings together experts and researchers to share their experience with the lovers of these rare collectibles. This initiative will help reemphasize the glorious history, arts and cultural legacy of India and put our country on the global map of collectors.
After the launch Honorable Chief Minister of Maharashtra Shri Devendra Fadnavis said “I congratulate Sushilkumar for creating a dedicated online museum to us and Shukla Day organizers forgiving such a wonderful chance for collectors. If we want to know our history culture and tradition then it needs to be known thru its stamps coins and currency notes. Through mintage world & shukla day we can preserve the collections and also put it up for auction. Once you see this you can travel into history. I love history and this is a wonderful way for me to revive my love for history.”   

Published by Naresh Sagar

Mentor MSME, Motivator, Media Event Org, Management fiscal & Water management.Social Media branding,Internet broadcasters,Propunder of Indian Philosophy

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