Latest News, Updates & Breaking Headlines
The Reserve Bank of India has asked state-run oil refiners to reduce spot dollar purchases and use a special credit line for their foreign exchange needs, as part of efforts to ease pressure on the rupee, according to a Reuters report.The central bank has urged refiners to access the facility through State Bank of India…
MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also be…
IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go…
NEW DELHI: The government has directed all states to take measures to curb misinformation on the availability of petrol, diesel and gas, and to prevent black marketing and hoarding of LPG cylinders. In a letter to the chief secretaries of all states and Union territories on Thursday, petroleum secretary Neeraj Mittal also emphasised the need…
In a move aimed at shielding passengers from sharp airfare surges, the government has capped monthly increases in aviation turbine fuel (ATF) prices for domestic flights at 25%, according to Reuters.The decision comes amid volatility in global energy markets linked to the ongoing Iran crisis, which has pushed up fuel costs and added pressure on…
Prime Minister Narendra Modi on Wednesday chaired a special meeting of the Cabinet Committee on Security (CCS) to review the impact of the ongoing Middle East conflict, directing ministries to take urgent steps to safeguard essential supplies and protect citizens.“PM directs that all efforts must be made to safeguard the citizens from the impact of…
Epic Games on Tuesday said it will lay off more than 1,000 employees as the video game publisher moves to cut costs amid industry-wide pressures and company-specific challenges, AP reported.The Cary, North Carolina-based company said the job reductions are not linked to artificial intelligence, but reflect slower growth in the gaming sector, weaker consumer spending…
In a significant move to tighten immigration compliance, the US Department of State has announced that travellers from 50 countries may soon be required to pay a visa bond of up to $15,000 when applying for business (B1) and tourist (B2) visas. The policy, introduced under provisions of the Immigration and Nationality Act, will apply…
Panaji: The State govt told the Bombay high court on Monday that the rent-a-cab scheme was kept on hold as there were too many of them.Advocate general Devidas Pangam told the high court during a hearing that the govt realised there were too many people in the competition, and this created unhealthy competition.He said this…
Amid the rising oil prices as the Iran conflict continues to escalate, the Trump administration is considering the idea of suspending a key maritime law that requires American ships be used to transport between US ports.“In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of…
