 "fuel")
Politically exposed persons, NPOs face tighter PMLA regulations
Tightening its oversight of non-profit organisations (NPOs) and politically exposed persons (PEPs), the government has lowered the threshold for reporting “beneficial ownership” in an entity to 10 per cent from 25 per cent under anti-money laundering laws. Read more
India's February fuel demand hit at least 24-year high, shows data
India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil. Read more
Iraq reaches out to Indian refiners to discuss crude oil discounts
With 33 per cent of India’s oil import consistently coming from Russia, Iraq has reached out to refiners here with offers to open discussions on what level of discounts would be needed to lure them back, several people in the know said. Read more
Govt may miss FY23 revised divestment target, says Bank of Baroda
The Union government has garnered divestment proceeds of roughly Rs 31,107 crore so far this fiscal year (FY23) and is likely to miss the revised target of Rs 50,000 crore, Bank of Baroda said in an analyst note on Thursday. Read more
Indian banks' gross NPAs may touch decadal low of sub-4% by FY24: Study
Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23 and hit a decadal low of sub-four per cent by March 31, 2024, said an Assocham-Crisil Rating study unveiled on Thursday. Read more
