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Trump backs sanctions bill that provides for very high tariffs on India, China for buying Russian oil: US Senator Lindsey Graham

New York/Washington, Jan 8 (PTI) US President Donald Trump has backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil, giving the White House leverage against countries like China and India to stop them from purchasing cheap oil from Moscow. US Senator Lindsey Graham on Wednesday said that the legislation would give the White House “tremendous leverage” against countries like China, India and Brazil to incentivise them to stop buying cheap oil from Russia. “After a very productive meeting today with President Trump on a variety of issues, he greenlit the bipartisan Russia sanctions

‘Lies, half-truths’: Congress slams BJP criticism of Nehru over Somnath temple issue

New Delhi, Jan 7 (PTI) The Congress on Wednesday slammed the BJP for accusing first prime minister Jawaharlal Nehru of indulging in appeasement politics over the Somnath temple issue, saying the ruling party was resorting to “lies and half-truths” by selectively quoting from Nehru’s letters. Congress leader Piyush Babele said when the BJP is raising the issue of then President Rajendra Prasad’s participation in the rebuilt Somnath temple inauguration, it must answer why President Droupadi Murmu was not invited to attend the inauguration of the Ram temple in Ayodhya. “They (BJP) are serving lies and presenting it as truth, they

Rupee rises 31 paise to close at 89.87 against US dollar

Mumbai, Jan 7 (PTI) The rupee rose 31 paise to close at 89.87 (provisional) against the US dollar on Wednesday on possible intervention by the Reserve Bank of India (RBI) and a fall in global crude oil prices. At the interbank foreign exchange, the rupee opened at 90.20 against the US dollar and traded in the range of 89.75-90.23 before settling at 89.87 (provisional), up 31 paise from its previous close. The rupee snapped its four-day losing streak to appreciate 12 paise to settle at 90.18 against the American currency on Tuesday. “The rupee rose… as RBI sold dollars at

Sensex, Nifty extend losses into 3rd session on geopolitical concerns, trade uncertainties

Mumbai, Jan 7 (PTI) Stock market benchmark indices Sensex and Nifty drifted lower for the third day in a row on Wednesday as geopolitical tensions and renewed concerns about potential US tariff hikes weighed on investor sentiment. Sustained foreign fund outflows also dragged the markets lower, traders said. However, buying on select blue-chip counters and lower crude prices in the international market supported equities, they added. In a volatile trade, the 30-share BSE Sensex declined 102.20 points or 0.12 per cent to settle at 84,961.14. During the day, it dropped 445.85 points or 0.52 per cent to 84,617.49. The 50-share

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