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The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and…
JABALPUR: Even as search teams, including the Army, continued combing the waters of Bargi Dam on Friday morning, a moment of grief brought operations to a standstill when the eighth and ninth bodies were recovered, that of a woman found with her four year-old child still in her arms. Rescuers said both were wearing life…
As tensions in the Middle East enter their second week, concerns are rising over whether India’s energy supplies are sufficient. According to a recent government report, the country has more than 250 million barrels of crude oil and petroleum products in reserve, enough to meet demand for nearly two months. The combined reserves, estimated at…
Russia on Wednesday said that its forces are advancing in northeastern Ukraine, with President Vladimir Putin ordering the expansion of a territory that Moscow describes as a “buffer zone” along the border in 2026, according to Russian state news agencies.Chief of the General Staff Valery Gerasimov said Putin had directed the expansion of the buffer…
India is planning to make it mandatory for all liquefied natural gas (LNG) import terminals to build an additional 10% storage capacity that the government can access during supply or price disruptions. According to a draft proposal by the oil ministry, this change will amend the registration rules for LNG terminals under the Petroleum and…
Karnataka Governor Thaawar Chand Gehlot BENGALURU: Governor Thaawar Chand Gehlot has returned The Karnataka Tank Conservation & Development Authority (Amendment) Bill, 2014, seeking clarifications from the state govt on its proposal to introduce area-wise buffer zones for waterbodies and allow construction of public utilities near those. The governor returned the bill after objections were raised…
