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India is slowly turning into a startup hotspot for foreign nationals

A host of foreign nationals are relocating to India to fulfil their startup ambitions despite stumbling blocks.

Financial Action Task Force on Money Laundering

Jan 19, 2020, 02.45 AM IST



In balancing act, Pakistan to host Recep Tayyip Erdogan in Feb

Turkish President Recep Tayyip Erdogan, who had alleged that Pakistan skipped the Kuala Lumpur Summit under Saudi pressure, will visit Islamabad in February.

India, US agree to further expand bilateral strategic cooperation at second 2+2 dialogue

Industrial Security Annex (ISA) and three agreements...

Nobody can say Pakistan fulfilled its commitment on FATF: French envoy

The Paris-based international terror financing watchdog, which kept Pa...

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  • Saeed's indictment comes amidst growing pressure on Pakistan to rein-in terror groups and bring to justice terror group leaders. ​​The indictment comes less than a week after Islamabad submitted a report to the FATF, which, in October, had kept the country on the Grey List, asking that it take more concrete steps to avoid being put on the Black List.

    The US reaction came hours after an anti-terrorism court in Lahore indicted Saeed and three of his top aides Hafiz Abdul Salam bin Muhammad, Muhammad Ashraf and Zafar Iqbal on terror financing charges. "We welcome the indictment of Hafiz Saeed and his associates," Alice G Wells, the Acting Assistant Secretary of State for South and Central Asia, tweeted.

    From Washington through European capitals to Moscow, Beijing and Tokyo, the world is taking a more relaxed view of Pakistan. At the same time, the view about India is taking a beating. Apart from major powers and the developed economies, almost all of India’s neighbours are also willing to carry on business as usual with Pakistan. Why?

    The report titled 'Aid Program Performance report 2018-19 on Pakistan' said Pakistan bilateral aid programme will be reduced to 19 million Australian dollars in 2019-20, and will fully phase out during 2020-21. Pakistan is one of the poorest countries in Asia and was placed 150 out of 178 nations on the most recent United Nations Human Development Index.

    The two countries specifically called upon Islamabad to "fully comply" with its international commitments to deal with terrorism including the steps prescribed by the Financial Action Task Force (FATF), the global anti-terror watchdog.

    The development comes following a global caution notice from the FATF.

    To increase the flow of foreign funds, govt may ease restrictions on FDI by JVs or WOS of an Indian company.

    We recognize progress made in BRICS cooperation in counter-terrorism and welcome the results of the Fourth Meeting of the BRICS Counter-Terrorism Working Group,including the establishment of thematic sub-working groups and the holding in Brasília of the Seminar "BRICS Strategies for Countering Terrorism".

    Addressing the inaugural session of the 'No Money For Terror' conference, Union Minister of State for Home G Kishan Reddy expressed India's concern over the tacit support some nations are extending to terror groups. There is a need for a united global effort against all those who support terror or help generate finances for terrorism, he said.

    The report said that although Pakistan’s laws comply with international anti-money laundering and terrorism financing standards, the “authorities failed to uniformly implement UN sanctions related to designated entities.

    The East Asia Summit is the premier forum in the Asia-Pacific region to deal with issues relating security and defence.

    The regulatory decision is aimed at reducing data theft and minimising operational risk for banks

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