Insurance amendment bill heads to Parliament; changes to IBC, Companies Act will have to wait
However, amendments to clarify the Insolvency and Bankruptcy Code (IBC), 2016, and changes to the Companies Act, 2023, are unlikely to make it to the coming session, the people said on the condition of anonymity. The Centre is also awaiting a Parliament select committee’s views on the new Income Tax Bill, 2025, meant to…
‘Russian economy will be in total collapse’: Trump official wants more tariffs on countries buying Russia oil; urges EU to add pressure
Bessent made these observations shortly after Russia conducted its most extensive aerial assault since the war began. US Treasury Secretary Scott Bessent has called on the European Union to join America in adding pressure on Russia, and indicating possibility of more tariffs on countries buying Russian crude oil. The Donald Trump administration has already imposed…
Oil markets: OPEC+ to ramp up oil production; 1,37,000 barrels per day more from October
Eight key members of the OPEC+ alliance announced plans to raise oil production again, in a move analysts view as an effort to secure a larger share of the global crude market.The “Voluntary Eight” (V8) – Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, on Sunday said that they would increase…