treasury secretary

Kumaragurubaran replaces Shilpa Prabhakar Satish, who has now been posted as commissioner of labour. Dr S Swarna has been redesignated as principal secretary, tourism, culture and special initiatives department.

The Indian rupee opened stronger against the US dollar, gaining 40 paise to 95.20 in early trade, buoyed by optimism over a potential US-Iran peace deal. Positive sentiment was further fueled by progress in US-India trade agreement discussions, with the dollar index also declining.

Will lead a central bank oriented toward reform, says new chair

President Donald Trump last week halted a planned executive order. This order would have required government safety checks for advanced artificial intelligence models. Major tech companies like Google and Microsoft were to be affected. Trump cited a desire to maintain America's lead over China as the reason for the cancellation. The decision came after his state visit to China.

The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst heightened tensions.

Britain is recalibrating its approach to Russian oil imports by introducing restrictions on refined products at a measured pace. This strategy, driven by escalating energy market volatility linked to conflicts in the Middle East and climbing fuel prices, seeks to mitigate the risk of abrupt supply shortages.

Move to Aid Indian Refiners; OMCs Still Losing `750Cr A Day

Earlier today petroleum ministry joint secretary Sujata Sharma said that India will continue importing Russian crude based on commercial practicality and its energy security requirements, regardless of whether US sanctions waivers are in place.

US Secretary of the Treasury, Scott Bessent, on Wednesday, praised Japan's economic resilience and highlighted the importance of economic security during meetings with senior Japanese leaders on Tuesday as part of his Asia visit. The visit came ahead of US President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing from May 13-15.

In a determined effort to get to the bottom of suspected illicit fund withdrawals from the Bokaro treasury, Excise Secretary Amitabh Kaushal leads a specialized task force. This investigation, prompted by state authorities, involves a thorough analysis of extensive financial and administrative records related to police and treasury activities.

China signals willingness to accept existing US tariff levels while seeking to extend the current trade truce. Beijing hopes Washington will honor previous understandings, aiming to stabilize economic ties. Discussions are expected to focus on extending the one-year agreement and reducing unilateral tariffs.

Millions of children aged five to 15 in England will receive free local bus travel throughout August as part of a government initiative to ease the cost of living. This "Great British Summer Savings" package aims to help families with rising expenses during the school holidays, potentially saving households significant amounts.

The US and UK have imposed separate sanctions targeting individuals, companies, and networks involved in Iran's oil sales, financial transactions, and alleged hostile activities. These measures aim to disrupt Iran's oil exports to China and cut off funding for the IRGC, while the UK focuses on shadow banking and destabilizing operations linked to criminal networks.