‘Global tensions threat to cross-border payments’

MUMBAI: Geopolitical tensions pose a growing threat to cross-border payments, RBI said in its latest report on payments. The central bank warned that the global financial system’s dependence on centralised infrastructure and a few dominant settlement currencies makes it vulnerable to international conflict and sanctions.According to RBI, sanctions or restrictions on financial systems or currencies…

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At $3 billion, retail sector deal value jumps 4x over last quarter: Report

NEW DELHI: India’s consumer and retail sector witnessed a decisive rebound in the Sept quarter, with deal volumes rising to 132 and values crossing $3.4 billion, nearly four times higher than previous quarter.The recovery was led by renewed investor focus on textiles, apparel and accessories, and sustained activity in food processing and e-commerce, Grant Thornton…

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Collegium preserves judiciary’s autonomy, say CJI B R Gavai, Justice Kant | India News

NEW DELHI: CJI B R Gavai and Justice Surya Kant, the next CJI, on Thursday stoutly defended the much-criticised collegium system for selecting constitutional court judges and said it has helped the judiciary preserve its autonomy and independence in administration of justice.CJI Gavai was speaking at Royal Institute of Management in Thimphu, Bhutan, while Justice…

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