India Ready To Deal With US Decision To End Iran Oil Waivers: Centre

US has decided not to grant sanctions exemptions to any oil customers of Iran. (File) NEW DELHI:  India today said it is adequately prepared to deal with the impact of the US decision to end waivers that allowed it to buy Iranian oil without facing sanctions. External Affairs Ministry spokesperson Raveesh Kumar said the government will continue to work with partner nations, including with the US, to find all possible ways to protect India’s energy and economic security interests. “The government has noted the announcement by the US government to…

India’s top court voided rules meant to resolve bad debt. That’s not good for banks, Moody’s says

Ratings agency Moody’s said a new ruling from India’s top court that voided guidelines about how lenders should resolve their bad debts is potentially bad news for Indian banks. On Tuesday, the Supreme Court said India’s central bank exceeded its authority when it tightened those guidelines last February. As a result, the top court declared the rules “to be of no effect in law.” The Supreme Court in its ruling struck down everything tied to the original Reserve Bank of India guidelines: “Consequently, all actions taken under the said circular, including actions…