NEW DELHI; India on Monday demanded the Asian Development Bank to reduce funding for Pakistan, as New Delhi continued disciplinary measures against Islamabad in response to the recent terror attack in Pahalgam.During the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, finance minister Nirmala Sitharaman urged ADB President Masato Kanda to reduce…
This is an AI generated image NEW DELHI: India is looking to mount a global offensive against Pakistan, which it has accused of backing terrorists.New Delhi is set to ask multilateral agencies, including the International Monetary Fund, to have a relook at funds and loans provided to Pakistan, while urging the Financial Action Task Force,…
NEW DELHI: While lauding India on most counts, Financial Action Task Force (FATF), the global money laundering and terror financing watchdog, has called for efforts to reduce pending money laundering cases and recommended “major changes” to address prosecution in terror financing cases.FATF’s Mutual Evaluation Report on India, released on Thursday, noted that the main sources…
New Delhi: Government is backing greater transparency for credit card and other digital payment methods, while seeking to balance the interests of the payment and fintech industry, a senior official said on Tuesday. As part of its efforts to crack down on terror finance and money laundering, the Financial Action Task Force (FATF) has proposed…
