In effect since April 18, 2024, the scheme allows eligible Indians to obtain multi-year, multi-entry visas without being tied to a specific travel purpose Indian travellers with a clean visa history now have access to a fast-tracked, long-term Schengen visa under a new “cascade” system rolled out by the European Commission. In effect since April…
A FORTNIGHTLY NEWSLETTER 01st to 15th July, 2025
The Reserve Bank on Tuesday capped contributions by a single regulated entity (RE), including banks and NBFCs, at 10 per cent of the corpus of an Alternative Investment Fund (AIF) scheme. Also, collective contribution by all REs in any AIF Scheme should not be more than 20 per cent of the corpus of that scheme,…
Industry and economists have expressed concerns over the US government’s decision to levy a 25% tariff along with a “penalty” on Indian exports, starting August 1. In a statement issued on Wednesday, FICCI said that it’s “disappointed” by the US’ decision. “While this move is unfortunate and will have a clear bearing on our exports,…
The US State Department, on Wednesday, unveiled the sanctions against 6 India-based companies, claiming these firms deliberately participated in “significant transactions” involving the acquisition and sale of Iranian petroleum products, breaching American restrictions on Iran. Among the sanctioned Indian enterprises are prominent petrochemical traders. The heaviest accusations fell on Alchemical Solutions Private Limited, which allegedly…
EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy, according to a Reuters report. Nayara had sued Microsoft for abrupt suspension of services following European Union’s fresh sanctions on Russia. Read More…
The US trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists’ expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter. While the unexpected contraction reported by the Commerce Department on Tuesday could prompt economists…
India’s oil and gas sector is undergoing a strategic transformation amid a fast-changing global landscape marked by shifting alliances, sanctions, and rising geopolitical uncertainty, according to the recent Rubix Industry Insights report. Read More…
RBI gold reserves: After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign exchange reserves, gold has shown the most substantial growth in recent years, with its value increasing by more than 80% over…
Legal advisers to the Commerce and Industry Ministry have suggested that Indian negotiators dealing with their US counterparts should not accept Washington’s proposal that prohibits India from reintroducing equalisation levy-style taxes, such as the ‘Google tax’, in the future, a person aware of the negotiations told The Indian Express. Read More…