Rsmi UK cancels visa of Egyptian journo Moataz Matar for backing Hamas

Mumbai: The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR B deposits which will enable NRIs to earn more on their savings. The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling money out of the Indian stock markets result stanley us ing in hot money outflows. FCNR B deposits are accounts where Non-Resident Indians NRIs can hold their earnings in foreign currencies like USD or GBP, protecting them from exchange rate fluctuations. In order to attract more capital inflows, RBI has decided to increase the interest rate ceilings on FCNR B deposits. Accordingly, with effect from today December 6, 2024 , banks are permitted to raise fres stanley cup h FCNR B deposits of 1 year to less than 3 years maturity at rat stanley thermosflasche es not exceeding ARR plus 400 bps and deposits with maturity between 3 to 5 years at rates not exceeding ARR plus 500 bps. This relaxation will be available till March 31, 2025, an RBI statement said. Until now, interest rates on Foreign Currency Non-Resident Bank FCNR B deposits were subject to ceilings of Overnight Alternative Reference Rate ARR for the respective currency/swap, plus 250 basis points for deposits of 1 year to less than 3 years maturity and overnight ARR plus 350 basis points for deposits of 3 years and above and up to 5 years maturity, according to an RBI statement. Also ReadRBI setting up expert Xpfc Iran condemns G7 claims against its nuclear activities

The Kingdom of Saudi Arabia KSA stanley us plans to increase the number of companies licensed to provide services to overseas pilgrims for the 1445 Haj season, local media reported. The license period is five years and the estimated fee for obtaining and renewing licenses is 100,000 Saudi riyals. The Minis stanley mug try of Hajj and Umrah is looking into a mechanism to publish findings of an evaluation of the licensed companies on an annual basis, using media that it sees appropriate to ensure transparency for pilgrims or their representatives, Arabic daily Okaz quoted a source. Also ReadSaudi Arabia: Unemployment rate declines in Q2 2023 It is worth noting that the licensing draft that grants the ministry the power to suspend licenses, and reduce or increase the number of licensed pilgrims. The company must have a valid trade register and a Saudi capital of at least 500,000 Saudi riyals to accommodate up to 10,000 pilgrims. The company director-general must be a Saudi national, 25 years old, with a secondary school degree, and have prior experience in pilgrim service. Also ReadBig Ticket Abu Dhabi: Indian expats from Mumbai, Kerala win Rs 22L each The director, board chairman, and board members should not have been pe stanley website nalized by revocation of a service license by the Ministry of Hajj and Umrah. The Kingdom recently announced early preparations for the upcoming Haj season, stating that no specific places will be allotted for countries at Saudi holy sites. The Haj pilgrimage to