Faye Heath

 June, Mir was jailed for over 15 years in a terror-financing case by an anti-terrorism court in Pakistan. (File photo) Listen to this article China blocks proposal at UN to blacklist Pak-based LeT terrorist and 26/11 accused Sajid Mir x China on Tuesday blocked a proposal by India and the US at the United Nations to designate Pakistan-based Lashkar-e-Taiba terrorist Sajid Mir, wanted for his involvement in the 26/11 Mumbai terror attacks, as a global terrorist. Beijing blocked the proposal that had been moved by the US and co-designated by India to blacklist Mir under the 1267 Al Qaeda Sanctions Committee of the UN Security Council as a global terrorist and subject him to assets freeze, travel ban and arms embargo. In September last year, it was learnt that China had put a hold on the proposal to designate Mir at the UN. Beijing has now blocked the proposal. Mir is one of India’s most wanted terrorists and has a bounty of USD 5 million placed on his head by the US for his role in ...

 “Such settlements shall be without prejudice to the criminal proceeding underway or to be initiated, if under consideration of the lenders against such borrowers,” the central bank said. (Express Photo) Listen to this article RBI defends compromise settlement, says lenders to exercise ‘discretion’ x The Reserve Bank of India (RBI) on Monday defended its controversial circular allowing banks to undertake compromise settlements or technical write-offs in respect of accounts categorised as wilful defaulters or fraud, stating that compromise settlement is not available to borrowers as a matter of right, but a “discretion to be exercised by the lenders based on their commercial judgement”. According to the RBI, the primary regulatory objective of the circular — issued on June 8, 2023 — is to enable multiple avenues to lenders to recover the money in default without much delay. “Apart from the time value loss, inordinate delays result in asset value deterioration which hampers ultimate ...