Monday, August 31
Markets regulator Sebi has granted in-principle approval to the registration of 'Raajmarg Infra Investment Trust' (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements during the next six months, an official statement said on Friday.As a part of the process to secure final registration, RIIT will be required to meet specific conditions over the next six months. These conditions include appointment of directors, submission of requisite financial statements, and compliance with other regulatory requirements, it added.The statement said InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors.under
The 23rd Russia-India Annual Summit today unfolded at a moment of heightened global friction. With the United States escalating pressure on India to dilute its long-standing partnership with Russia, most recently through steep tariffs on Indian exports and sanctions targeting Russian oil purchases, the meeting between Prime Minister Narendra Modi and President Vladimir Putin carried an unmistakable political message. Though the leaders refrained from addressing directly the Western pressures or targeted messaging to the West, the summit conveyed that India is unwilling to compromise its strategic autonomy, and that its relationship with Russia will not be constrained by American demands.Though it was a bilateral event focused on mutual ties instead of any kind of overt response to the West
