Foreign News

Chinese Foreign Minister Wang Yi represented China at the BRICS gala dinner hosted by Prime Minister Modi. President Xi Jinping participated in summit proceedings and met with Prime Minister Modi. They discussed bilateral ties from a strategic and long-term perspective. Both leaders committed to resolving the boundary question fairly and reasonably. The gala dinner featured a curated selection of Indian regional delicacies.

Scott Bessent: Can use US balance sheet for foreign policy

Mumbai: Higher-than-expected inflows through the FCNR(B) window will heighten liquidity issues and lead the Reserve Bank to deploy more tools to absorb the excess money, economists said on Thursday.In comments that come a day after the RBI announced that banks

Global index providers MSCI and FTSE are set to revise Swiggy's index treatment shortly. MSCI is removing Swiggy from global indices, which will lead to considerable passive outflows

India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows

European Union members urged new sanctions against Russia after a drone attack. Germany blamed Moscow for the incident, calling it hybrid warfare

Nepal Foreign Minister Shisir Khanal on Wednesday launched a diplomatic push to seek climate-related compensation from major global greenhouse emitters specifically India, China, and the United States for the devastation caused by the August 26 flash floods. T

A bond-market selloff of a scale not seen in decades is creating a fresh headache for Indian investors. Yields across major economies have climbed to multi-year highs as traders grapple with three increasingly uncomfortable forces: oil-driven inflation, tighte

ICICI Bank raises $17.88 billion through FCNR(B) deposits amid strong demand - The Economic Times icici bank,ICICI Bank,FCNR(B) deposits,foreign currency,RBI,foreign exchange liquidity,USD 17.88 billion,external sector position,concessional swap facility,Augus

With India's robust economic expansion comes a pressing need to manage foreign exchange effectively. Zoho's Sridhar Vembu emphasizes that as growth accelerates, so does the reliance on imported energy and technology

As the toll in Nepal s flash flood has crossed 1,000, rescuers are racing to reach workers possibly trapped inside tunnels at hydropower projects. Among nearly 4,000 people missing after the deadly deluge, 900 are hydropower workers believed to be trapped in 1

India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings under the RBI s special swap facility as of August 21. US bond yield: Will it become a new pain point?

External Affairs Minister S. Jaishankar assesses a world shaped by competition, conflict and strategic chokepoints

External Affairs Minister S Jaishankar highlighted Pakistan's terrorism impact on India's views. He stated public sentiment influences foreign policy decisions significantly

India s potential inclusion in the Bloomberg Global Aggregate Bond Index remains delayed, not denied, with operational accessibility the key hurdle. Inclusion could attract $15 25 billion in foreign inflows, diversify India s bond investor base, ease borrowing

An Indian man, who ran several companies in Singapore, has been declared bankrupt after he failed to pay wages to more than 400 migrant workers, according to PTI. A bankruptcy order against Ramu Palani Velu was made on August 13, The Straits Times reported on

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance

New foreign investment rules are yielding positive results for India's economy. Twenty-nine investment proposals totaling over Rs 4,895 crore have been reported

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank

The reply came in response to a question raised by Karnataka Legislative Council member H S Gopinath on August 20. Among the 911 illegal immigrants identified, 868 were from Bangladesh, followed by Pakistan (20), Nigeria (13), Sri Lanka (8), Myanmar (1) and Ug

Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (PIOs) looking to park their foreign currency savings in India have only a few days left to take the benefit of zero hedging costs on 3-5 year Foreign Currency Non-Resi

India's markets regulator is set to overhaul decades-old rules and stem soaring outflows of foreign funds, three sources said, in a move some investors say would help the South Asian nation beef up its weighting in global stock market indexes.The changes, if f

"I do have a good relationship with Kim Jong Un, as you know, you've seen. He didn't like Biden, he didn't like Obama, he didn't like anybody, but he likes me, and I just got along with him very good," Trump told reporters while addressing technology leaders

Ahmedabad: The Gujarat government has increased the maximum annual family income limit for students from the unreserved category seeking assistance under its Foreign Study Loan Scheme from Rs 6 lakh to Rs 10 lakh, officials said on Wednesday.The decision is ex

The Government of Odisha has launched 'Bidesh Sikhya Bruti' under the existing Mukhyamantri Medhabi Chhatra Protsahan Yojana (MMCPY) to help aspiring students from the Scheduled Caste (SC) and Scheduled Tribe (ST) get enrolled in post-graduation and doctoral c

Union Commerce and Industry Minister Piyush Goyal on Tuesday said bilateral trade between India and Japan stood at around USD 27.5 billion in 2025-26 but remained only a fraction of the potential between the two countries. Addressing a Japanese delegation at t

India's commerce minister invited Japanese businesses to deepen investments and partnerships. He will visit Japan to strengthen trade and investment ties between both nations

Indian government bonds saw a decline for the second consecutive day, erasing previous gains as high oil prices and the premature conclusion of a deposit scheme weighed on investor sentiment. Following the central bank's policy announcement, the benchmark bond

Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to do - The Economic Times Income tax action on foreign remittance,Income Tax Department undertakes verification of suspicious foreign remittances

For years, Vijay Gupta rubbed shoulders with Jammu and Kashmir s political and administrative elite. As the founder-editor of a local English daily, the 49-year-old was often spotted in the Civil Secretariat, meeting a minister or ensconced in a senior bureauc

Around 580 students have been awarded scholarships under the National Overseas Scholarship (NOS) Scheme over the last seven years, from 2019-20 to 2025-26, according to data provided by the Ministry of Social Justice and Empowerment in Parliament. The number o

US President Donald Trump has threatened military action against Oman if it interferes with the US blockade of Iranian ships in the Strait of Hormuz, Fox News reported. Trump said the blockade was putting pressure on Iran but gave no timeline for resolving the

Small towns now lead India's foreign exchange demand, surpassing major cities. This shift indicates rising prosperity and global lifestyle choices among their residents

The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians

An American tourist hailed India s healthcare system after receiving free treatment at a rural government hospital in Odisha. Mike shared that he had been travelling through Odisha when he began experiencing severe vomiting after overeating local food

India's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared foreign assets and income into the tax net

Chennai, To cash in on the RBI's concessional swap window, Indian Bank plans to raise $400 million through External Commercial Borrowings (ECB) this week to support its business growth.In addition, the public sector lender may mop up another $600 million via E

Qatar categorically denied on Saturday it was detaining any Iranian pilots after an Iranian general said Doha should release three aviators shot down early in the Iran war. We categorically deny the claims circulating regarding the detention of Iranian pilots

The government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thresholds of 1 crore and 5 crore, with electronic declarations required by December 31, 2026, subject to prescribed payments

US President Donald Trump described communism as the greatest threat facing the United States, comparing its perceived impact to major historical events including the World Wars, Pearl Harbor and the September 11 attacks. His remarks have drawn attention amid

RBI to close FCNR(B) forex swap facility early after strong dollar inflow - The Economic Times RBI forex swap facility,FCNR(B) deposits,foreign exchange inflows,USD-INR forex swap,ECB and OFCB schemes,foreign exchange market,currency swap facility,FCNR deposit

FCNR (B) FDs offering up to 7.50% interest rate to NRIs, OCIs: These banks offer 6.25% or higher on deposits - The Economic Times hdfc bank,bank of baroda,esaf small finance bank,au small finance bank,ujjivan small finance bank,icici bank,FCNR (B) fixed deposi

During the June quarter, leading international funds encountered remarkable gains within Indian equities, significantly boosting their reported portfolio values. This strong performance exceeded that of key Indian stock market indices, primarily driven by astu

Overseas fund of funds (FoFs) saw a monthly outflow in July for the first time since April 2025, as mutual funds halted fresh investments in such schemes. The improved performance of Indian markets during the month and the global AI meltdown in some other mark

A German traveller s affection for India has caught the internet s attention after a video showed him switching effortlessly between Hindi, Bhojpuri and Marathi. Identified as Rainer Krack, the traveller has reportedly visited India around 150 times and develo

Bank of Baroda is actively seeking dollar funding avenues to bolster its operations, inspired by the successful foreign-currency bond issuance led by State Bank of India. The bank is considering a dual-tranche bond sale with maturities of three and five years

India's markets regulator on Tuesday proposed to widen foreign investors' access to non-agricultural commodity derivatives by allowing them to trade in physically settled contracts, a proposal paper on its website showed. Top Trending Stocks: SBI Share Price

How should my NRI children disclose gifts received from relatives in ITR-2? - The Economic Times reporting gifts in ITR-2,disclosing gifts from relatives in itr,itr 2 disclosing gifts,itr filing for NRIs,NRI itr disclosing gifts from relatives,NRI income tax r

US President Donald Trump has extended a waiver allowing foreign-flagged ships to transport oil and other commodities between US ports for 90 days, while tightening the rules amid opposition from shipbuilders. The revised waiver requires individual voyages to

In an unusual move, India s ambassador to the US Vinay Mohan Kwatra took to social media on Monday to counter the objections to the amendments to the Foreign Contribution (Regulation) Act which regulate laws governing foreign donations received by NGOs, civil