Daily Archive: March 13, 2019

Centre tells the Supreme Court that Central forces deployed in Assam for National Register of Citizens (NRC) process will not be withdrawn for elections purpose.

Centre tells the Supreme Court that Central forces deployed in Assam for National Register of Citizens (NRC) process will not be withdrawn for elections purpose.

Delhi woman escapes death miraculously while fetching Rs.2000 note from Metro Track

New Delhi: Dwarka Mor station of the Delhi Metro witnessed a bizarre incident on Tuesday morning when a 24-year-old woman jumped on the tracks to fetch a Rs. 2,000 note that had fallen on the tracks and escaped death miraculously.

The woman was rescued with minor injuries once the train departed from the station. The metro officials said that the woman laid still between the tracks when the train passed over her. The woman was treated in a nearby hospital for her minor injuries. She was a resident of Jharoda Kalan in Delhi.

The CISF got a written apology from her for disrupting the metro services in the Blue Line. The incident took place around 10.40 on Tuesday morning. The metro services of the Blue Line was disrupted for some time due to the incident and later resumed as usual.

Dwarka Sector 21 in Delhi to Noida Electronic City is connected by the The Blue Line .

RBI to infuse Rs 12,500 crore via OMOs on March 14

MUMBAI : The Reserve Bank of India (RBI) on Tuesday said it would infuse Rs 12,500 crore into the system through open market operations on Thursday.

Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the government securities under open market operations (OMOs) for Rs 12,500 crore on March 14, the central bank said.

The purchase will happen through multi-security auction using the multiple price method.

There is an overall aggregate ceiling of Rs 12,500 crore for all the securities in the basket put together. There is no security-wise notified amount, it said.

The RBI said it reserves the right to decide on the quantum of purchase of individual securities and accept offers for less than the aggregate amount of Rs 12,500 crore or purchase marginally higher than the aggregate amount due to rounding-off effects.

It can also accept or reject any or all the offers either wholly or partially without assigning any reason, the RBI added.

OMOs are money market tools to infuse or suck out liquidity from the system. Where there is liquidity surplus, it sells securities to suck out money, while the reverse happens when there is a liquidity crunch in the system.

(AGENCIES)

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