The US Treasury Department‘s financial crimes unit has asked banks to watch for signs of identity theft, payroll tax fraud and money laundering linked to the employment of people living in the country illegally, marking the latest step in President Donald Trump’s immigration crackdown, AP reported.The Financial Crimes Enforcement Network (FinCEN) on Friday issued an…
Foreign portfolio investment (FPI) debt inflows have accounted for 62 per cent of cumulative equity inflows into India since FY 1998-99, marking the growing importance of the country’s debt market in attracting foreign capital, according to a report by DSP Mutual Fund. India has received $95.5 billion in FPI debt inflows in about 28 years,…
New Delhi: Govt will have to look at not only reducing price of high-ethanol blended petrol and pure ethanol, but also the cost of flex fuel vehicles (FFVs), which would be using the fuel, to create a high demand among consumers, experts said, acknowledging that current 20% blending has helped save India approximately 4.5 crore…
The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years.He was appointed as RBI Deputy Governor for three years in June 2023.“The Central Government has re-appointed Swaminathan Janakiraman as Deputy Governor, Reserve Bank of India, for a period of two years with effect from June 26, 2026, or…
The rupee surged 56 paise to 95.18 against the US dollar following RBI’s measures to attract foreign capital and boost forex liquidity. These policy announcements, including expanding the Fully Accessible Route and removing taxes on foreign investment in G-Secs, improved investor sentiment. Analysts expect further appreciation if oil prices remain below $100 a barrel. The…
Union minister Pralhad Joshi (File photo) NEW DELHI: More than 75 lakh households will be powered by rooftop solar systems installed under PM Surya Ghar Muft Bijli Yojana by Dec, minister for new and renewable energy Pralhad Joshi said on Thursday.“PM Surya Ghar Muft Bijli Yojana is transforming India’s energy landscape at an unprecedented pace….
New Delhi: State-run Oil India Limited (OIL) on Friday said it has reported the presence of natural gas in its third exploratory well in the Andaman shallow offshore block, further indicating hydrocarbon potential in the region.In a regulatory filing to stock exchanges, the company said natural gas was encountered in exploratory well Vijayapuram-3, drilled 15…
India and the United States have held “positive and constructive” discussions on finalising a bilateral trade agreement, the government said on Friday, following a fresh round of negotiations between the two sides.A delegation from the Office of the United States Trade Representative (USTR) visited India from June 1 to 4 to advance talks on the…
TOI correspondent from Washington: For a country currently engaged in a vigorous debate about whether immigrants are stealing jobs, swiping opportunities, overwhelming the system, and generally causing western civilization to collapse, the United States has produced a rather awkward statistic.According to a new policy brief by the National Foundation for American Policy (NFAP), immigrants have…
US stocks ended lower on Friday, with technology shares leading the decline, as a stronger-than-expected jobs report reduced expectations of interest rate cuts by the Federal Reserve this year.The S&P 500 fell 0.7%, while the Dow Jones Industrial Average declined 81 points, or 0.2%. The tech-heavy Nasdaq Composite dropped 1.4%, weighed down by losses in…