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News in Short

News in Short - 04-May-2019

Dragan Mihailovic appointed as head coach India’s Volleyball team

Date: 04 May 2019 Tags: Sports
  • Volleyball Federation of India has appointed Serbia’s Dragan Mihailovic as head coach of the Indian men’s team.
  • Bedies, Pryemyslaw Gaszyoski (Poland) and Valadimir Radosevic (Serbia) were appointe as team’s physio and physiotherapist respectively.
  • They will also work with U-23 men’s and other junior India Volleyball teams. They will guide team for Asian championships scheduled to be held in Iran in September 2019.

Nileena MS wins ACJ Award for Investigative Journalism

Date: 04 May 2019 Tags: Honours & Awards
  • Nileena MS, a reporting fellow with The Caravan, has won the prestigious ACJ Award for Investigative Journalism in print/online category for the year 2018.
  • She was awarded for her story titled “Coalgate 2.0: The Adani Group reaps benefits worth thousands of crores of rupees as the coal scam continues under the Modi government.” It was published in Caravan Magazine March 2018 Issue.
  • ACJ award comprises a trophy, citation and a cash prize of Rs 2 lakh. It is given Asian College of Journalism (ACJ), with support of Media Development Foundation.
  • It was instituted in 2015 to encourage and inspire journalists, editors and newsrooms to pursue and produce more rigorous investigative work for Indian audience contributes to the larger public interest.

India’s FOREX reserves increases to US$ 418.515 billion

Date: 04 May 2019 Tags: External Sector
  • India’s foreign exchange (forex) reserves soared by US $4.368 billion to US $418.515 billion in week to April 26, 2019. It was due to second dollar-rupee swap auction
  • In the swap auction conducted on April 23, 2019, rbi had received bids worth US $18.65 billion against US $5 billion on offer. It accepted just five bids worth US $5 billion.
  • In the reporting week, foreign currency assets (major component of the overall reserves), rose by US $4.387 billion to US $390.421 billion.
  • Gold reserves remained unchanged at US $23.303 billion. The special drawing rights
    (sdr) with International Monetary Fund (IMF) decreased by US $5.9 million to US $1.449 billion. RBI’s reserve position with IMF also declined US $13.6 million to US $3.341 billion.