July 27, 2026
  • July 27, 2026

FATF report warns ‘Left-wing groups seeking to overthrow Indian govt’

by on September 20, 2024 0

The Financial Action Task Force (FATF) has identified left-wing extremist groups as a threat to the Indian government, with significant terrorism risks linked to ISIL or AQ groups in Jammu and Kashmir. FATF praised India’s anti-money laundering efforts but pointed out areas needing improvement, including better prosecution of money laundering and terrorist financing.

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Govt steps in to lower burden on exporters

by on September 20, 2024 0

Reacting to a steep fall in exports, the Indian government has implemented several measures aimed at easing shipping challenges. Commerce Minister Piyush Goyal announced steps like acquiring vessels, waiving fees, and boosting container handling capacity. The initiatives are designed to lower freight rates and expedite port processes for exporters.

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Banks must tap into UPI infra to boost biz, says FM Sitharaman

by on September 20, 2024 0

Finance Minister Nirmala Sitharaman advised banks to utilize digital footprints from UPI to grow their balance sheets. She highlighted UPI’s international usage and emphasized adopting technology for risk mitigation and improved customer service. Sitharaman also urged banks to support businesses under stress rather than waiting for them to collapse.

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Jumbo rate cut by Fed good for Indian mkt, eco: Experts

by on September 20, 2024 0

The US Federal Reserve’s decision to cut interest rates by half a percentage point is expected to positively influence the Indian economy by attracting foreign investments, stabilizing the rupee, and boosting stock markets. Although it may not significantly affect capital flows immediately, it could lower borrowing costs and encourage investment. Economists predict RBI might...

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FATF urges India to reduce pending laundering cases

by on September 20, 2024 0

The Financial Action Task Force has acknowledged India’s efforts but called for reducing pending money laundering cases and significant changes in prosecuting terror financing. The report highlights threats from extremist groups and stresses the need for better regulation of non-profits to prevent their misuse for terrorist financing.

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