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The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”.The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard Corps,…
NEW DELHI: Government has now allowed venture capital, private equity, infrastructure and pension funds to bid for highway projects under Public-Private Partnership (PPP) model, marking a paradigm shift since the sector was opened to private players in the early 2000s. So far, only highway developers and construction companies were eligible to bid for such projects.The…
NEW DELHI: The Centre has notified two crucial changes to foreign direct investment rules — the first relating to flows from neighbouring countries such as China and the second allowing up to 100% investment in insurance business — as it seeks to step up inflows amid a weak rupee.Starting May 1, companies with up to…
Canada’s intelligence agency on Friday recognised the threat posed by Khalistani elements in the country. The report by the Canadian Security Intelligence Service (CSIS), tabled in Parliament, said activities of Canada-based Khalistani elements continue to promote a violent extremist agenda.It also highlighted the anniversary of 1985 Air India Flight 182 Kanishka bombing, stating, “This past…
Mumbai: A man walks past the RBI logo at RBI headquarters in Mumbai. (PTI Photo/Shashank Parade) Mumbai: Banks will have to start setting aside money for possible loan defaults in advance from April 2027, using mathematical models to predict losses instead of waiting for borrowers to actually miss payments, under RBI’s final rules issued on…
NEW DELHI: Even as India allocates thousands of crores of rupees annually for child vaccination, RTI data shows that a significant share of funds remains unspent, raising questions over implementation in one of the country’s largest public health scheme – National Immunisation Programme. Under the programme – which provides free vaccines to protect children against…
Iran has stated that it will only begin negotiations with the United States once a ceasefire is declared in Lebanon and Tehran’s frozen assets are released, the country’s parliament speaker announced.Mohammad Bagher Ghalibaf said the two steps had been mutually agreed upon earlier but remained unfulfilled. He further added that they must be implemented before…
India’s premium basmati rice trade has come under severe strain as the escalating conflict in West Asia disrupts exports, blocks consignments at ports and leaves payments worth thousands of crores pending, raising concerns for traders and farmers alike.A Bhopal-based businessman told ANI that consignments of Premium 1121 Basmati rice, earlier exported regularly, are now stuck…
MUMBAI: With credit growth at 14.5% outpacing deposit growth at 11.9% as of Feb 28, banks have stepped up reliance on certificates of deposit, with their share rising to 2.6% of total deposits, the highest in a decade, reflecting a widening structural gap between asset creation and liability mobilisation.The Indian banking system is navigating a…
The Trump administration sued Harvard University, alleging the school violated Jewish students’ civil rights, in the latest escalation of the government’s yearlong campaign against the Ivy League school.The suit alleged Harvard failed to protect its Jewish and Israeli students by ignoring hostility on campus and refusing to enforce antiharassment rules. The suit, being filed Friday…
