FROZEN FUNDS

A Nepal-funded team led by Ang Babu Sherpa and soldiers removed 11 tons of garbage and four bodies, starting in 1957, from Everest’s South Col. Waste sent to Kathmandu for Agni Ventures recycling. Up to 50 tons of garbage remain. Adverse weather hin...

The Group of Seven leaders have reached a historic agreement to provide a $50 billion loan to support Ukraine in its ongoing conflict with Russia. This loan will be backed by interest earned on profits from Russia's frozen central bank assets, with ...

Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are y...

Sebi announced it won't freeze demat accounts and mutual fund folios for existing investors without nominations. New investors must provide mandatory nominations, ensuring smoother processes and compliance in the market.

In a circular, the markets regulator said, based on representations received from participants, for ease of compliance and investor convenience, non-submission of 'choice of nomination' shall not result in the freezing of demat accounts as well as M...

G7 finance officials are nearing an agreement on using frozen Russian assets to benefit Ukraine, with final decisions to be made at a June summit of national leaders.

The G7 froze some $300 billion of Russian assets shortly after Moscow invaded its neighbour in February 2022. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russia...

World Bank President Ajay Banga is open to managing a fund for Ukraine, disbursing a G7 loan using earnings from frozen Russian assets for non-military purposes.

Ukraine's allies are debating how to use frozen Russian assets to support Kyiv's war effort amid Russia's territorial gains. The issue of $260 billion in Russian assets frozen abroad is a key concern at the G7 meeting in Italy.

The European Union on Tuesday formally approved using the profits from frozen Russian central bank assets to arm Ukraine, as the United States presses for a more ambitious plan. The final approval of the EU scheme, after months of legal wrangling, c...

Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.

KYC for mutual funds: It is a regulatory requirement that re-KYC be completed by many investors by April 1, 2024. Although the process of completing re-KYC is easy enough, the lack of clarity among investors is causing issues. There are reports of p...

​​Vizhinjam, a coastal hamlet in the state capital, had witnessed strong protests against the seaport, which also resulted in violence in November 2022. In a pastoral letter read during Sunday Mass, the Latin church said it was facing a funds crunch...

Congress candidates facing financial crunch for Lok Sabha due to frozen accounts. Party workers supporting despite lack of funds. Confidence in public fundraising. V D Satheesan emphasizes democracy over money in Kerala polls.

BJP accuses Congress of misleading claims on bank account attachments for tax dues ahead of Lok Sabha poll. Rs 125 crore frozen by Income Tax department due to violation of Income Tax rules with multiple PAN numbers. Congress holds Rs 1,000 crore an...

The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets. On top of that, quick commerce and...

U.S. Treasury Secretary Janet Yellen, speaking at a news conference ahead of meetings with her G7 and G20 counterparts, said the U.S. and its allies were evaluating different options for some $285 billion in Russian assets immobilized in 2022 and th...

Parents who had invested in mutual funds in name of their minor child must ensure to convert the status of the said mutual fund investments when their now child has become adult. If the status is not changed from minor to major when the child turns ...

Russia said on Saturday it was looking into whether its frozen gold reserves, taken after Russia invaded Ukraine, could be used to fund the climate damage fund to help developing countries.