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5 big news from the world of economics: For the fourth consecutive week, there was a decrease in foreign exchange reserves and the railways made a record of freight

Overseas change reserves decreased for the fourth consecutive week

The nation’s overseas change reserves declined by $1.169 billion to $637.477 billion within the week ended October 1, 2021. This data has been given within the knowledge launched on Friday by the Reserve Financial institution of India (RBI). On account of this, overseas change reserves had declined by $ 997 million to $ 638.646 billion within the week ended September 24. On the finish of September 17, overseas change reserves fell by $ 1.47 billion to $ 639.642 billion. Even earlier than this, within the week ended September 10, overseas change reserves had declined by $ 1.34 billion to $ 641.113 billion. The Reserve Financial institution stated that India’s FCA declined by $ 1.28 billion to $ 575.451 billion within the week beneath evaluation. Denominated in {dollars}, FCAs additionally embrace the impact of enhance or lower within the worth of different foreign currency echange such because the euro, pound and yen held in overseas change reserves.

Railways made a document of freight transportation, earned so many crores in September

Regardless of the challenges within the Corona period, Indian Railways has set a document. In truth, the freight visitors of the Railways in September 2021 was 3.62 % greater than the identical month final yr. Railway has given this data. The freight visitors of Railways throughout September, 2021, stood at 106 million tonnes, a rise of 362 per cent over 102.3 million tonnes within the corresponding interval of the earlier yr. Allow us to inform you that many concessions are additionally being given within the Indian Railways to facilitate the freight motion. Throughout this era, Indian Railways earned Rs 10,815.73 crore from freight visitors, which is 9.19 per cent greater than the corresponding interval final yr. In the identical interval final yr, Railways’ freight earnings stood at Rs 9,905.69 crore.

Aryan Drug Case: Byju’s Quickly Bans Shah Rukh’s Commercials

IPO-bound edtech firm Byju’s has briefly halted ads that includes its model ambassador and Bollywood famous person Shah Rukh Khan, as his son Aryan Khan is beneath investigation by the Narcotics Management Bureau (NCB) in a drug case. Dependable sources informed IANS on Saturday that Byju’s has stopped all commercials that includes Shah Rukh Khan. The transfer is believed to have come after social media customers criticized the edtech firm for endorsing advertisements that includes the actor, who has been Byju’s model ambassador since 2017. Byju’s is on an acquisition spree this yr. In all, it has acquired 9 companies this yr. The edtech large can be exploring an preliminary public providing (IPO), which might worth the corporate at round $40 billion to $45 billion. Shah Rukh Khan has 42 million followers on Twitter and 26.5 million followers on Fb-owned Instagram. The criticism got here within the wake of the arrest by the NCB following a high-drama rave social gathering raid on the Cordelia cruise ship throughout its Mumbai-Goa voyage on October 2.

J&Okay offers land to AAI for enlargement of Jammu airport

The Jammu and Kashmir authorities has transferred land to the Airports Authority of India (AAI) for the enlargement of the Jammu airport. Below the Nationwide Civil Aviation Coverage 2016, a land of 974 canals has been given freed from value to AAI at Rakh Raipur in Jammu South Tehsil. The federal government stated state departments like animal husbandry, irrigation, PWD could be offered budgetary help or could be compensated with equal land worth elsewhere. Earlier the Indian Air Pressure (which controls the Jammu airport) had issued a Discover for Airmen (NOTAM) that might take away the 30 per cent load penalty on the airport. Which means that airways can now fly totally, lowering fares and permitting longer distances to be coated by plane.

‘Apple TV Plus App Now Available on 2016,2017 LG Sensible TVs’

Apple is rolling out the TV app to numerous totally different platforms, together with good TVs in addition to third-party streaming units, and now the tech large has rolled out a scaled-down Apple TV Plus app for choose 2016 and 2017 LG Sensible TVs. has began rolling out. As reported by MacRumors, the app has now appeared on LG’s content material retailer in a number of areas, together with Germany, Poland and the Nordic nations, and its existence has been confirmed in an LG help doc. The replace comes with a distinct brand and title however the precise app expertise seems much like the TV app – besides that one can solely watch TV Plus content material. Additionally, ‘The Watch Now’ and different ‘iTunes Retailer’ tabs are merely absent. Earlier, LG introduced that the Apple TV app and the accompanying Apple TV Plus streaming service can be found on choose 2019 LG TVs within the US, together with over 80 different nations.

(With inputs from IANS)


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