NEW DELHI: Amid the uncertainty caused by the conflict in West Asia, finance minister Nirmala Sitharaman on Friday announced a plan to set up a Rs 1 lakh crore Economic Stabilisation Fund (ESF), aimed at providing fiscal headroom to respond to challenges.“ESF will help India (deal) with global headwinds such as the recent crisis, unanticipated…
NEW DELHI: India and the UK free trade agreement is expected to be implemented from mid-April this year, commerce and industry minister Piyush Goyal said on Friday. The pact needs approval from the UK parliament before it is implemented. Goyal said that it will be the fastest agreement to be approved by the UK parliament….
NEW DELHI: In a major departure from the existing law, The Transgender Persons (Protection of Rights) Amendment Bill 2026 introduced in Lok Sabha on Friday proposed to omit the clause that allowed “self-perceived gender identity” to be the basis for self-determination and identification for approval for transgender certificate by the district magistrate.“The existing vague definition…
MUMBAI: The standing committee on finance has flagged concerns over the financial sustainability of digital payments, gaps in formal lending, cybersecurity weaknesses in banks, and declining insurance penetration in its 32nd report presented in March 2026 while examining the “demands for grants (2026-27)” for the Department of Financial Services (DFS)under the finance ministry.The committee, which…
NEW DELHI: Five years after starting the process, the Centre has called off the disinvestment of IDBI Bank after the bids received found to be lower than the reserve price.Those familiar with the process said govt will decide the future course of action, including calling for fresh bids so that it can realise the best…
MUMBAI: Two weeks into the war in West Asia, investors in India have lost a staggering Rs 34 lakh crore worth of wealth due to the strong selloff in the stock market.The turmoil has also shaved off a little over 5,250 points or 6.5% from the sensex, as foreign funds have doubled down on their…
Billionaire investor Stanley Druckenmiller said stablecoins could underpin global payment systems within the next decade or two while reiterating his long-standing skepticism toward much of the broader cryptocurrency market. “I assume our whole payment systems will be stablecoins in 10 or 15 years,” he said in an interview Morgan Stanley posted on Thursday. The fiat-pegged…
NEW DELHI: The joint opposition on Friday moved Parliament for removal of Gyanesh Kumar as chief election commissioner (CEC), a critical step that takes the anti-BJP camp’s protest against the nationwide SIR and conduct of elections to the extreme limit that would further widen its already yawning chasm with the NDA. The removal notice comes…
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Representative image (AP) NEW DELHI: Iran has allowed two India-flagged liquefied petroleum gas (LPG) carriers to transit through the Strait of Hormuz amid the ongoing conflict in the Middle East, Reuters reported citing four sources with direct knowledge of the matter.The development comes as Iran’s Ambassador to India, Mohammad Fathali, confirmed that Tehran would provide…
