Passage 1
In a significant strategic development, the Reserve Bank of India (RBI) has recently moved over 100 tonnes of gold from the UK to its domestic vaults. This marks the first time since a long that such a substantial quantity of gold has been repatriated to India. This move, driven by logistical consideration and a desire for diversified storage, highlights the RBI’s evolving approach to managing its gold reserves. As central banks globally increase their gold holding amid economic uncertainties, the RBI’s actions reflect a broader trend and signal confidence in India’s economic stability.
The RBI moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24. This is one of the biggest movements of gold undertaken by the country since 1990s, when pledging a substantial part of the gold holding to tide over a foreign exchange crises resulted in movement in vaults.
Source – https://bfsi.economictimes.indiatimes.com/news/finan
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Passage 2
In the latest edition of the QS World University Ranking released early Wednesday morning, 61 per cent of Indian universities’ ranking has improved, with IIT Bombay gaining the top spot in India.
The latest QS World University Rankings for 2025 were released revealing significant improvements for Indian universities and notable global standings.
QS Quacquarelli Symonds (QS) offers unrivaled data, expertise, and solutions for the global higher education sector. For the compilation of the 2025 QS World University Rankings, QS claims to have analysed 17 million research papers, 176 million citations, data from 5,600 institutions worldwide and insights from 175,798 academics and 105,476 employers.
Source- https://indianexpress.com/article/education/study-abroad/iit-bombay]
