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RBI to allow domestic banks to extend loans against overseas FX deposits

MUMBAI, June 23 (Reuters) – India’s RBI (central bank) has allowed domestic lenders to extend loans to non-residents against foreign currency ​deposits, including via their offshore branches, the Reserve Bank ‌of India said in a notice on Tuesday. The move is expected to boost the overall amount of FX deposits garnered via the ​route, which was announced earlier this month as part of ​a broader measures to bolster dollar inflows into the ⁠country. Here are the details from the RBI’s notice: Under the scheme ​to raise FX deposits, Indian banks will be allowed to ​extend loans to non-residents from their

With Iran, US signing peace deal; where does that leave Benjamin Netanyahu?

Sydney, Jun 23 (Conversation) The peace deal between the US and Iran calls not just for the cessation of hostilities between the two countries, but also between Israel and Hezbollah. It also calls for Lebanese territorial integrity and sovereignty to be respected. This places Israeli Prime Minister Benjamin Netanyahu in a political conundrum, because ceasing hostilities against Hezbollah runs contrary to his government’s determination to finally crush its nemesis. Netanyahu now faces difficult decisions. Does he kowtow to the US, Israel’s longstanding ally and security guarantor, in an election year? Or does he defy the US and continue Israel’s military

PM Modi must stop appeasing ‘good friend’ Trump; India must not sign trade pact as it stands: Congress

New Delhi, Jun 23 (PTI) With US Trade Representative Jamieson Greer visiting India, the Congress on Tuesday said Prime Minister Narendra Modi must stop appeasing his “good friend” President Donald Trump and there is absolutely no need for India to be “bamboozled” into signing any trade pact which at present is heavily against its interests. Congress general secretary Jairam Ramesh said the Modi government must seek inspiration from Malaysia which has rebuffed its own trade deal with America following the US Supreme Court’s verdict. “The US Trade Representative Jamieson Greer is in New Delhi today and tomorrow. On the request

How Starmer went from Labour Party hero to calling it quits within 2 years

LONDON, June 23, 2026 (AP) — British Prime Minister Keir Starmer won his job after leading his party to a massive victory in 2024. Less than two years later, he resigned as his party rebelled in the wake of widespread losses in local elections. Starmer’s popularity plunged amid a struggling economy, a series of policy missteps, one particularly poor appointment and a perceived lack of vision. The combination of challenges led to a thrashing for his Labour Party in local elections this spring and calls to step down that cleared a path for a would-be challenger to step forward and

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