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US to boost military presence in Middle East amid rising tensions

US to increase military presence in Middle East amid rising tensions

The US Defense Department will move a fighter jet squadron to the Middle East and maintain an aircraft carrier in the region, the Pentagon said, as President Joe Biden made good on his promise to beef up the American military presence to help defend Israel from possible attacks by Iran and its proxies and also safeguard US troops. Aug 3, 2024
Reserve Bank of India (RBI)

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'. Jul 25, 2024
Union Finance Minister Nirmala Sitharaman, Minister of State in Finance Pankaj Chaudhary and other members of finance ministry leave to present the budget in Parliament

How full Budget 2024 compares with Interim Budget: Explained

The Union Budget 2024-25 focuses on empowering youth, women, farmers, and the poor, with significant allocations for employment and skilling. Fiscal consolidation is strengthened, with a reduced fiscal deficit target and lower planned gross market borrowing. Revised tax slabs and a comprehensive review of the Income Tax Act aim to simplify tax compliance and boost sectors. The budget retains a high allocation for the Ministry of Defence, promoting 'Aatmanirbharta' in Defence technology and manufacturing. Jul 24, 2024
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