Nexus won’t be another app but a blueprint for instant cross-border payments that could put international wire transfers in the museum where they belong.
The court also stayed the FIU order subject to PayPal maintaining records of all its transactions and depositing within two weeks a bank guarantee of Rs 96 lakh.
This is the first time the FIU, an agency under Union finance ministry, has taken punitive action against an online payment system operating in the country.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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