Former Prime Minister Atal Bihari Vajpayee is on full life support and is in critical condition. A statement released on Wednesday night, by All India Institute of Medical Science (AIIMS) claimed that his condition has worsened during the last 24 hours.

One and a half decade after Vajpayee demitted office, he is today remembered as a leader who took forward India's telecom revolution, laid the foundation for massive infrastructure projects - road, rail and air, in a size and scale that matched the Nehruvian-era.

Payout by RBI has shot up 63% year-on-year, but the finance ministry is not happy. The government believes that the payout ought to be higher so it has reportedly asked the apex bank to review its dividend and capital conservation rules.

The currency fell 42 paise to hit a fresh all time low of 70.32 intra day. Earlier, it opened 35 paise lower to 70.25 level compared to the US dollar.

Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.