भारतीय हवाई दलासाठी १०,००० कोटींची गुप्तचर विमाने खरेदी; ऑपरेशन सिंदूरचा महत्वाचा टप्पा
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Hans India
08-07-2025
- Hans India
Global gold demand surges: India holds 15 pc of $23trillion global gold market now
The global gold market, now valued at approximately $23 trillion, is witnessing a surge in demand as central banks ramp up their purchases in a move to reduce dependence on the US dollar, according to the July 2025 edition of the DSP Mutual Fund's Netra report. In comparison, global foreign exchange reserves stand at around $12.5 trillion. The report notes that even a modest 5 per cent shift of these reserves into gold could trigger a significant and sustained rally in gold prices. India continues to hold a dominant position in the global gold landscape, accounting for 15 per cent of the total gold held worldwide. Of all the gold mined to date, 65 per cent is in the form of jewellery, indicating both the cultural and financial importance of the metal, particularly in countries like India. Central banks have emerged as the primary drivers of the recent gold demand boom. Between 2000 and 2016, total central bank gold purchases amounted to $85 billion. In stark contrast, in 2024 alone, central banks acquired gold worth $84 billion. Since 2022, central banks have been consistently purchasing nearly 1,000 tonnes of gold annually, which represents over a quarter of the annual global mining supply. This shift highlights the growing preference for non-dollar reserve assets amid concerns about the volatility of US Treasury Bonds, which have historically been viewed as safe-haven investments. The Reserve Bank currently holds 880 metric tonnes of gold, according to the latest figures. However, it has refrained from adding to its reserves in FY26, likely anticipating a correction in gold prices, which have risen by over 80 per cent in the past five years. The rally in gold prices has been driven largely by geopolitical uncertainty, trade tensions, and a lack of attractive alternatives to the US dollar as a global reserve currency. The report points out that potential alternatives to the dollar are riddled with limitations. The Euro continues to show structural weaknesses due to fiscal imbalances within the Economic and Monetary Union. The Chinese yuan, though increasingly influential, remains heavily state-controlled and lacks the transparency and global trust required to function as a major reserve currency. Other currencies are simply too small to attract meaningful interest from central banks. Additionally, the report highlights a positive domestic trend in India, noting that strong operating cash flows have resulted in elevated operating cash flow margins. This signals improved capital allocation discipline and corporate governance, strengthening India's economic fundamentals at a time when global financial systems remain under pressure.
Hans India
07-07-2025
- Hans India
15 pc of $23 trillion global gold market now held in India: Report
New Delhi: While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to a report released on Monday. Of the total mined gold ever, 65 per cent is in the form of jewellery, and a mere 5 per cent shift of global reserves into gold could trigger a sustained and significant rally in its price, according to the DSP Mutual Fund's July 2025 Netra report. Central bank gold reserves are rising, and they bought more safe-haven assets in the last four years than in the previous 21 years. Central bank gold purchases from 2000 to 2016 totalled $85 billion. But in a single year, 2024, central banks bought gold worth $84 billion. In fact, since 2022, Central banks have bought nearly 1,000 tonnes of the precious metal each year, which is more than a fourth of the annual mining supply of gold, according to the report. This torrent of gold purchases reflects the affinity of most countries to hold non-dollar reserve assets. The volatile nature of the US Treasury Bonds has made gold an even more attractive instrument for Central banks. Demand for gold, therefore, is strong, for now, the report mentioned. In India, the Reserve Bank of India's total gold holdings amount to 880 metric tonnes, according to the latest data. It has not added to its gold stash in FY26 yet, likely waiting for the softening of the safe-haven asset prices that surged more than 80 per cent in five years amid geopolitical and trade uncertainties. Gold has made a new lifetime high in inflation-adjusted terms and is firmly in a bull market. This happened as the alternatives to the US dollar are scarce. 'Euro has repeatedly shown vulnerabilities due to a rugged fiscal make of the Economic and Monetary Union (EMU). The Chinese yuan is far from market-driven or politically palatable enough to be the reserve currency, and most other competitors are now too small to attract reserve asset purchases,' the report mentioned. The report further stated that sustained strength in operating cash flows has resulted in elevated operating cash flow (OCF) margins in India, which is a positive indicator from both a capital allocation and corporate governance standpoint.
Time of India
18-06-2025
- Time of India
Eye spy! Delhi Police sharpens surveillance in digital age
New Delhi: Delhi Police's counter-intelligence unit (CIU) is all set to run the next generation of Netra (Networking Traffic Analysis) surveillance platform and has begun upgrading its infrastructure and tech capabilities with new high-end servers and systems. According to sources, next-gen Netra will enable cops to identify and pre-empt potential threats online. Netra is a sophisticated network monitoring system developed by the Defence Research and Development Organisation (DRDO). It is designed to intercept and analyse internet traffic, encompassing a wide range of online activities, such as emails, social media posts and VOIP calls. "A technical evaluation meeting was held at the Delhi Police headquarters in Sept last year. After a rigorous evaluation process, DCP Manishi Chandra approved a high-end server in Jan, paving the way for acquisition," said a police officer. The estimated cost of one new server is about Rs 25 lakh. However, the procurement was done at a much lower cost, resulting in substantial savings for the department, an officer from the unit said. Located in New Friends Colony, the CIU has the most advanced servers in the force, costing lakhs of rupees, and handles sensitive cases requiring secrecy. "The high-end servers are required to run special software, including Netra, which can help cops sift through gigabytes and terabytes of data, besides analysing data from internet dongles and USBs," an officer said. The state-of-the-art infrastructure enables cops to process internet protocol details records (IPDRs) data faster than their rival units, giving them an edge in key investigations, he added. Netra, India's online monitoring system, serves as a critical pillar of the country's security infrastructure, enabling intelligence agencies to track and analyse suspicious online activity using predefined keyword filters. "While there is a CMS (centralised telephone interception provisioning system) which intercepts phone communications, Netra helps monitor online activities, tracking text-based messages across various platforms, such as Facebook Direct messages, personal emails and online blogs. By utilising filters and keywords, it can identify specific words even within encrypted messages," said an officer. Around a decade ago, security agencies in India sought to develop a real-time internet monitoring system to counter the growing threat of terrorism and crime facilitated by data communication. The effort focused on major service providers like BlackBerry, Skype and Gmail. "Two systems were designed: one by DRDO's Centre for Artificial Intelligence and Robotics (CAIR), known as Netra, and the other by the National Technical Research Organisation," said a retired senior police officer. Netra became the choice of tool for cops as it is an indigenous solution developed by govt scientists without external involvement.
