LIVE: Forex jumps $4.47 bn to $620.44 bn during week ending Dec 22

India’s forex reserves jump $4.47 billion to $620.44 billion during the week ended December 22, says RBI.

As per latest government data, India’s eight core sectors grow 7.8 per cent in November. The combined Index of Eight Core Industries (ICI) increased by 7.8 per cent (provisional) in November 2023 as compared to the Index of November 2022. The production of Coal, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel recorded positive growth in November 2023. India’s fiscal deficit for the first eight months of this fiscal year through November stood at Rs 9.07 trillion, or 50.7 per cent of annual estimates, government data showed today. The fiscal deficit narrowed from 58.9 per cent reported in the comparable year-earlier period. In Jharkhand, qualifying age for old-age pension to be reduced from 60 to 50, says Chief Minister Hemant Soren. No decision yet on Congress chief Mallikarjun Kharge, Sonia Gandhi attending consecration ceremony of Ram temple in Ayodhya, said party sources.

Manipur has recorded a new case of COVID-19 after a significant period without fresh infections. The affected individual, a resident of Paomata in Senapati district, traveled from Delhi to Dimapur by air and then proceeded from Dimapur to Senapati by road. The specific variant of the virus is yet to be determined, as samples have been sent for genome sequencing to gather more details.

India reported 797 new cases of Covid, marking the highest daily count in 225 days, as stated by the health ministry on Friday. The number of active cases stands at 4,091, according to the latest update. In the last 24 hours, five new fatalities due to Covid were reported, with two from Kerala and one each from Maharashtra, Puducherry, and Tamil Nadu, according to the data released by the health ministry at 8 am.

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