Remit funds to IFSCs for studies under LRS now

Prime Minister Narendra Modi emphasised that stability in the Indo-Pacific region is one of the central concerns of the India-US partnership while cautioning about the “dark clouds of coercion and confrontation” casting their shadow in the region, an indirect reference to China’s territorial ambitions, as he addressed a joint session of the US Congress on Thursday.

The rollout of tax collection at source on overseas credit and debit card spending from July 1 looks uncertain, with the reporting software that banks require for implementing the regime still not ready.

Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Ltd (BPCL) will launch rights issues and Hindustan Petroleum Corporation Ltd (HPCL) will make a preferential share allotment to the government this financial year, according to sources aware of the development.