US unveils 50 Billion Dollar Economic Plan for Palestine

United States has unveiled a 50 billion dollar global investment plan for the Palestinians under the Middle East peace plan. The scheme calls for a mix of public and private financing and intends to create at least a million new jobs for Palestinians. The plan also outlines ambitions for free and secure movement of people… Continue reading US unveils 50 Billion Dollar Economic Plan for Palestine

UAE launches UN-developed anti-money laundering platform

The UAE Central Bank’s Financial Intelligence Unit (FIU) has launched the new anti-money laundering platform called goAML. The platform will help facilitate law enforcement authorities in the receipt, analysis and dissemination of suspicious transactions including money laundering. The goAML system is the first platform to go live in the Gulf countries.It was developed by the… Continue reading UAE launches UN-developed anti-money laundering platform

It’s premature to count India out of the RCEP, says Centre

India has said that it would be premature to suggest that India could be left out of the Regional Comprehensive Economic Partnership(RCEP). This statement came after Malaysian Prime Minister had said that he would prefer to go ahead with the RCEP Pact immediately and allow countries such as India, Australia and New Zealand to join… Continue reading It’s premature to count India out of the RCEP, says Centre

Blacklisting Pakistan absolutely a possibility:FATF president

The Financial Action Task Force(FATF) has said that Pakistan could be put on the watchdog’s blacklist if the country fails to fulfill its anti terror action plan. FATF President said that Pakistan has already missed two deadlines and decision in this regard would be taken in October 2019 where Pakistan will be assessed on the… Continue reading Blacklisting Pakistan absolutely a possibility:FATF president

US seeks other ways to stop Iran shy of war

US intelligence and military officers are working on non-military plans to counter Iranian aggression in the Persian Gulf. The goal is to develop operations similar to the cyberattacks which were conducted recently. Cyber Attack is a deliberate attempt by an individual or organization to breach the information system of another individual or organization. The cyber… Continue reading US seeks other ways to stop Iran shy of war

Donald Trump says signing ‘hard-hitting sanctions’ on Iran’s supreme leader

The US President has signed an order that targets Iran’s supreme leader Ayatollah Ali Khamenei and associates with additional financial sanctions. Ayatollah Ali Khamenei is Iran’s spiritual leader and highest authority.He has the final say over all political affairs in Iran. The US said that Iran’s supreme leader was singled out because he was ultimately… Continue reading Donald Trump says signing ‘hard-hitting sanctions’ on Iran’s supreme leader

Saudi launches residency scheme to boost revenue

Saudi Arabia has launched Premium Residency scheme. The scheme is aimed at boosting investment and non-oil revenues by attracting wealthy expats. The scheme offers a permanent residency for 800,000 riyals and a one-year renewable residency costing 100,000 riyals. The other rights and privileges offered by the scheme are: a) Residence in Saudi Arabia with one’s… Continue reading Saudi launches residency scheme to boost revenue

MEA rejects US report on state of religious freedom in India

Rejecting the United States Commission on International Religious Freedom (USCIRF) International Religious Freedom Report, 2019, the Ministry of External Affairs (MEA) has said that foreign governments do not have the right to criticise India’s vibrant democracy and dedication to rule of law. MEA also asserted that the Indian Constitution guarantees fundamental rights to all its… Continue reading MEA rejects US report on state of religious freedom in India

India lining up defence deals worth $10 billion with US amid trade row

India is lining up defence deals worth around $10 billion with the US over the next two-three years despite ongoing trade disputes and immigration concern. The latest deal being finalised by India under the foreign military sales programme of the US is for the acquisition of 10 more Poseidon-8I long-range maritime patrol aircraft for over… Continue reading India lining up defence deals worth $10 billion with US amid trade row

India rejects Pakistan’s charge of politicising FATF

India has rejected Pakistan’s allegation that it had tried to politicise deliberations at the Financial Action Task Force(FATF) which concluded its plenary with more criticism against Pakistan. Recently,FATF had warned Pakistan that the country could be blacklisted unless it fulfils an action plan against UN-designated terrorists operating in Pakistan by October,2019. A blacklist entry for… Continue reading India rejects Pakistan’s charge of politicising FATF

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