Sovereign

The Supreme Court on Friday said the main objective of the Unlawful Activities (Prevention) Act is to make powers available for dealing with activities directed against the integrity and sovereignty of India. A bench of Justice M R Shah, Justice C T Ravikumar and Justice Sanjay Karol said pursuant to the recommendation of the Committee on National Integration and Regionalisation, appointed by the National Integration Council Act on whose recommendation the Constitution (Sixteenth Amendment) Act, 1963 was enacted, the Unlawful Activities (Prevention) Act (UAPA) came into force. "It appears that the National Integration Council appointed a committee on National Integration and Regionalisation to look into, inter alia, the aspect of putting reasonable restrictions in the interests of sovereignty and integrity of India and thereafter the UAPA has been enacted. Therefore, the UAPA has been enacted to make powers available for dealing with the activities directed against integrity and ...

The Global Sovereign Debt Roundtable is all set to be launched in Bengaluru later this month on the sidelines of the G-20 finance track, will bring in key stakeholders to discuss issues that have been impeding a timely debt restructuring process, a top official of the International Monetary Fund said here. The Global Sovereign Debt Roundtable on February 25 will be co-chaired by the IMF, the World Bank and India, which is president of G-20 countries this year. This will be preceded by a virtual meeting on February 17. "It is basically to discuss issues that have been impeding reaching a timely debt restructuring process, and the lessons from the cases that we had in the recent past and come up with technical solutions to address these shortcomings," Ceyla Pazarbasioglu, Director of the Strategy and Policy Review department at the IMF, told a group of reporters here on Tuesday. According to her, it is mainly about processes, about standards, about definitions of key issues, that wil

China on Monday said more than 10 US high-altitude balloons have flown in its airspace during the past year without its permission, following Washington's accusation that Beijing operates a fleet of surveillance balloons around the world. The Chinese allegation comes after the US shot down a suspected Chinese spy balloon that had crossed from Alaska to South Carolina, sparking a new crisis in bilateral relations that have spiralled to their lowest level in decades. Foreign Ministry spokesperson Wang Wenbin gave no details about the alleged US balloons, how they had been dealt with or whether they had government or military links. It is also common for US balloons to illegally enter the airspace of other countries," Wang said at a daily briefing. Since last year, US high-altitude balloons have illegally flown over China's airspace more than 10 times without the approval of Chinese authorities." Wang said the US should first reflect on itself and change course, rather than smear and

In 2021, ADB committed a record $4.6 billion in sovereign loans to India.

Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming

Reserve Bank of India, the nation's debt manager, is preparing to sell its first ever batch of sovereign green bonds as early as next month, according to people with knowledge of the matter

For tax-efficient exposure, go for target maturity funds maturing in 2026-2028

Country relatively insulated from volatility due to limited reliance on external financing, says rating agency

An Adani Group firm is likely to be soon rated above India's sovereign rating as the ports-to-energy conglomerate helmed by Gautam Adani, Asia's richest man, sees rapid growth in business and lower debt. Adani Group CFO Jugeshinder (Robbie) Singh told a select group of investors on October 10 in New Delhi that an announcement will soon be made of one of the group firms becoming the first Indian firm with all its business in the country, to be rated higher than the sovereign, according to two persons present at the meeting. Singh, however, did not name the company. Global credit rating agencies such as S&P and Fitch have assigned the lowest investment grade rating of 'BBB-' to India. Most companies including public sector giants are rated at par or below the sovereign rating. In June last year, Fitch Ratings upgraded rival billionaire Mukesh Ambani's Reliance Industries Ltd to a notch above India's sovereign rating citing an improving debt profile. But Reliance, some may argue, ha

Action factors in a high likelihood of sovereign support to the public sector lender; rating agency says profitability to rise further; high loan growth to resume

The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore

Governments across the world have ramped up borrowing since the Covid-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout.

Here is the best of Business Standard's opinion pieces for Thursday

Even after scrapping the 'retrospective tax' the bigger problem of the bureaucratic interpretation of sovereign power remains unresolved. The time has come for Parliament to sort out the confusion

The state must discard the colonial notion that it is a sovereign handing out doles at its will and is bound to act fairly and in a transparent manner, the Supreme Court Tuesday said

Next tranche could be sold through exchanges