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Budget 2026: High-level committee on Banking to be set up for India’s next phase of growth

File photo: Union finance minister Nirmala Sitharaman (Picture credit: ANI) NEW DELHI: Presenting the Budget, finance minister Nirmala Sitharaman has proposed setting up a “High Level Committee on Banking for Viksit Bharat”, to comprehensively review the sector and align it with India’s next phase of growth.“I propose setting up a ‘High Level Committee on Banking…

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India mulls CNH trade at GIFT City: Amid easing ties with China, banks push for Yuan transactions; high-level review under way

AI image used for representative purposes Following improved India-China relations, the authorities, including the International Financial Services Centre Authority (IFSCA), are evaluating a banking sector proposal to enable International Banking Units at Gujarat International Finance Tec City (GIFT City) to conduct transactions in offshore renminbi (CNH).GIFT City operates as a global financial services hub, serving…

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Taliban FM to visit India next week? Muttaqi gets travel exemption; first high-level trip since 2021 takeover

Amir Khan Muttaqi (File photo) Taliban Foreign Minister Amir Khan Muttaqi has been granted a temporary travel exemption to visit India next week. This marks the first high-level visit by a Taliban leader to New Delhi since the group took power in Afghanistan in 2021.According to officials, the UN Security Council sanctions committee has authorised…

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