RBI governor says talk of rate hike ‘premature’ amid geopolitical uncertainty

RBI Governor says rate hike talk ‘premature’ as crude prices, monsoon remain uncertain NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra has pushed back against expectations of an imminent interest rate hike, saying it is “premature” to discuss tightening given the fragile truce between the US and Iran and the uncertainty it creates for…

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India offers up to 9% leverage to NRIs to attract fresh forex inflows; guarantees returns of over 7%

India is turning to its overseas community to boost its foreign currency inflows, with banks expected to offer substantial leverage on special foreign-currency deposits. This comes after the Reserve Bank of India (RBI) cleared lenders to extend loans against such deposits.Earlier on Tuesday, the apex bank said that lenders can extend loans to overseas residents…

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NASA plans to crash the ISS into the Pacific Ocean: Experts raise concerns for marine ecosystems’ health |

As the International Space Station (ISS) approaches the end of its operational life, NASA is preparing for one of the most ambitious and controversial space engineering projects ever attempted. The agency plans to guide the 420-tonne orbital laboratory through a controlled re-entry before directing surviving debris into a remote region of the Pacific Ocean, often…

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The ‘ballista spider’: Scientists discover a tiny spider that launches ants with 140 times the force of gravity |

Deep in the rainforests of far north Queensland, Australia, scientists have discovered a tiny spider with an extraordinary hunting strategy. Nicknamed the “ballista spider”, the newly described species uses a silk-powered trap that launches prey into its web with accelerations reaching up to 140 times the force of gravity. Researchers say the spider specifically targets…

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