Dollar mobilisation target already achieved, total collection likely to be around $85 billion: SBI report

IANS | August 17, 2026 6:01 PM

New Delhi, Aug 17 (IANS) While there may be valid reasons to justify an early closure of the RBI’s FCNR(B) deposit scheme, the most likely reason could be that the target for dollar mobilisation has already been achieved with inflows at $57 billion, and another $25-30 billion could easily flow in the remaining days of August, taking the total collections to around $85 billion, an SBI Research report said on Monday.

Shivraj Singh Chouhan to lead ‘Sapt Dhara of Shakti’ pledge

IANS | August 17, 2026 4:14 PM

New Delhi, Aug 17 (IANS) Union Minister for Agriculture and Rural Development Shivraj Singh Chouhan will administer a pledge to officials of both ministries at the Pusa campus in the national capital on Tuesday, following the 'Sapt Dhara of Shakti' initiative outlined by Prime Minister Narendra Modi in his Independence Day address, according to an official statement issued on Monday.