Around the Globe

Around the Globe

No need for separate SIT to probe Panama papers leak matter: SC

The Supreme Court today ruled out setting up of a separate Special Investigation Team to probe the alleged revelation of offshore accounts of Indians in Panama papers leak, saying the multi-agency group set up by the government was already looking into the matter.

ICICI Bank commits Rs 10 cr for welfare of armed forces

) Country's largest private sector lender ICICI Bank today committed a financial assistance of Rs 10 crore to the Indian Armed Forces.

The fund will be utilised towards welfare activities and betterment of the families of ex-servicemen who have lost their lives guarding the nation, ICICI Bank Managing Director and CEO Chanda Kochhar said in a statement.

The contribution would be made in two equal tranches by the bank as part of its Corporate Social Responsibility (CSR) initiative.

China urges India to abide by historic treaty on border

China today referred to the 1890 UK-China treaty which it claims demarcated the Sikkim sector of the Sino-Indian border as it urged New Delhi to abide by its provisions, a day after Defence Minister Nirmala Sitharaman made her maiden visit to the Nathu La post.

Reacting to Sitharaman's visit to the area, the Chinese foreign ministry today said "the Sikkim section of the China- India border has been demarcated by the historical boundary".

Bangladesh PM Says Government Will Continue to Help Rohingya

Bangladesh’s Prime Minister Sheikh Hasina said Saturday that her government would continue to support nearly 1 million Rohingya Muslims who have fled neighbouring Myanmar to escape violence.

Hasina said the government was pursuing a plan to build temporary shelters for the Rohingya on an island with the help of international aid agencies whom she praised for their support.

She made the statement at Dhaka airport on her return from New York after attending the U.N. General Assembly session. The U.N. has described the violence in Myanmar as “ethnic cleansing.”

Trump Rattles Sabre at North Korea: ‘Only One Thing Will Work’

President Donald Trump returned to saber-rattling against North Korea, saying that “only one thing will work!” after years of diplomacy have failed, even as his counterpart in Pyongyang termed nuclear weapons a powerful deterrent.

“Presidents and their administrations have been talking to North Korea for 25 years, agreements made and massive amounts of money paid hasn’t worked, agreements violated before the ink was dry, makings fools of U.S. negotiators,” Trump said in a pair of tweets.

Govt to lower number of PSBs to 10-15: FinMin advisor

India will have 10-15 public sector banks with government's majority stake, down from 21 at present, as part of its plan to consolidate banks, Finance Ministry's principal economic advisor Sanjeev Sanyal said today.

He said cleaning up of the bad loan problems is the first priority and after that the PSU banks could be consolidated.

Europe could see another Brexit-like rupture—beyond Spain

Some of the great moments of history sneak up on businesspeople. Two years ago, Britain looked to be Europe’s most economically rational country; now its companies seem to be rolling from one economic earthquake to another, with Brexit looking increasingly likely to be followed by the election of a near-Marxist prime minister, Jeremy Corbyn.

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