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Top headlines: Rupee-rouble trade to get a boost, freight rates may rise

Allowing FDI of up to 20 per cent in LIC may open up divestment opportunities in other "bodies corporate" in the government. More on that in our top headlines this morning.

A customer hands over Russian rouble banknotes and coins to a vendor at a market in Omsk, Russia (Photo: Reuters)
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A customer hands over Russian rouble banknotes and coins to a vendor at a market in Omsk, Russia (Photo: Reuters)

BS Web Team
Rupee-rouble deal with Russia likely to be fortified after SWIFT freeze

The central government is planning to strengthen the rupee-rouble trade arrangement with Russia after the European Union, the US, and other Western partners decided to cut off several Russian banks from the global Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system. SWIFT is a secure messaging system that facilitates rapid cross-border payments and is the principal mechanism for financing international trade. Read more
 
NPS to include assured returns; new products likely to come in August

Amid a debate on the pension systems, old

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First Published: Feb 28 2022 | 7:12 AM IST

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