How has the RBI managed to secure high forex reserves in times of global economic uncertainty? What’s worked for India and why does the rise in forex cover matter? And, importantly, is it sustainable?
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
A Prevention of Money Laundering Act (PMLA) court has ruled that cheques and drugs can be classified as proceeds of crime. The judgment broadens the legal definition of 'property' under the PMLA framework. This ruling has significant implications for how enforcement agencies pursue money laundering cases involving such assets. The decision reflects a wider judicial interpretation of assets subject to attachment and prosecution under anti-money laundering law.
External Affairs Minister S. Jaishankar stated that India is actively working with both Moscow and Kyiv to help bring an end to the ongoing conflict in Ukraine. He reiterated India's position as a constructive diplomatic player seeking a peaceful resolution to the war. Jaishankar also defended India's continued purchase of Russian energy, framing it as a decision driven by national economic interest and energy security needs. India has maintained a neutral stance throughout the conflict, refusing to condemn Russia outright while also calling for respect of sovereignty and territorial integrity. The minister's remarks reinforce New Delhi's consistent policy of engaging all parties rather than aligning with any single bloc.
Discussion (0)
Log in to join the discussion and vote.
Log in