HPCL, BPCL to IOC: Oil & gas stocks fall over 3% after Donald Trump's tariffs threat to India on Russian oil imports
Trump said he would be 'substantially raising' the tariff on Indian exports to the US over New Delhi's purchases of Russian oil. He also accused India of profiting by reselling discounted Russian oil in global markets.
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Indian Express
24 minutes ago
- Indian Express
House committee issues subpoenas for Epstein files, depositions with Clintons and other officials
The House Oversight Committee subpoenaed the Justice Department on Tuesday for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials. The Republican-controlled committee also issued subpoenas for depositions with former President Bill Clinton, former Secretary of State Hillary Clinton and eight former top law enforcement officials. The committee's actions showed how even with lawmakers away from Washington on a monthlong break, interest in the Epstein files is still running high. Trump has denied prior knowledge of Epstein's crimes and claimed he cut off their relationship long ago, and he has repeatedly tried to move past the Justice Department's decision not to release a full accounting of the investigation. But lawmakers from both major political parties, as well as many in the Republican president's political base, have refused to let it go. Since Epstein's 2019 death in a New York jail cell as he awaited trial for sex trafficking charges, conservative conspiracists have stoked theories about what information investigators gathered on Epstein — and who else could have been involved. Republican lawmakers on the House Oversight Committee nodded to that line of questioning last month by initiating the subpoenas for the Clintons, both Democrats, as well as demanding all communications between President Joe Biden 's Democratic administration and the Justice Department regarding Epstein. The committee is also demanding interviews under oath from former attorneys general spanning the last three presidential administrations: Merrick Garland, William Barr, Jeff Sessions, Loretta Lynch, Eric Holder and Alberto Gonzales. Lawmakers also subpoenaed former FBI directors James Comey and Robert Mueller. However, it was Democrats who sparked the move to subpoena the Justice Department for its files on Epstein. They were joined by some Republicans to successfully initiate the subpoena through a subcommittee of the House Oversight Committee. 'Democrats are focused on transparency and are pushing back against the corruption of Donald Trump,' Rep. Robert Garcia, who is the top Democrat on the House Oversight Committee, told reporters last month. 'What is Donald Trump hiding that he won't release the Epstein files?' The committee had previously issues a subpoena for an interview with Ghislaine Maxwell, Epstein's former girlfriend, who had been serving a prison sentence in Florida for luring teenage girls to be sexually abused by the wealthy financier but was recently transferred to a Texas facility. However, the committee's Republican chairman, Rep. James Comer, has indicated he is willing to delay that deposition until after the Supreme Court decides whether to hear an appeal to her conviction. She argues she was wrongfully prosecuted.
The Hindu
27 minutes ago
- The Hindu
Condemn Israel's actions in Gaza, civil society members urge govt.
The India Palestine Solidarity Forum (IPSF), a coalition of civil society leaders and people's movements, submitted a detailed memorandum to MPs on July 27, urging the government to condemn Israel's actions in Gaza for what it calls 'the ongoing genocide, forced starvation, and ethnic cleansing of the people of Palestine by Israel.' Signed by over two dozen eminent figures including Medha Patkar, Tushar Gandhi, Prashant Bhushan, Anand Patwardhan, and retired judge Justice Kolse Patil, and several advocates, journalists, authors, activists, social workers and political parties, the memorandum demands 'decisive' Indian leadership in global calls for a permanent ceasefire, humanitarian relief, and accountability for alleged Israeli war crimes. Speaking at a press conference on Tuesday (August 5, 2025), Dr. Sunilam, president of IPSF, stressed the urgency of the moment. 'The memorandum urges the Government of India to unequivocally and categorically condemn the ongoing genocide, forced starvation, and ethnic cleansing of the people of Palestine by Israel.' Feroze Mithiborwala, general secretary of IPSF, called the silence of the Indian government on this 'historic moral issue' alarming. 'This statement bears the endorsement of some of India's most prominent civil society leaders,' he added. Addressed to both houses of Parliament, the memorandum outlines four broad demands: make and lead calls for a permanent ceasefire and humanitarian access in Gaza; restore India's moral authority in foreign policy by reaffirming support for Palestinian statehood and ending all agreements, military, security, agricultural, technological, with the Israeli government and related entities; reject Western propaganda, support independent and fact-based journalism, and uphold international justice mechanisms; and, ensure parliamentary oversight, transparency and public dialogue on India's Gaza policy. Tushar Gandhi, president of Hum Bharat Ke Log, said, 'The Modi government must condemn Israel for the genocide and war crimes being committed in Gaza. India must play a proactive role in ensuring Israel ends the policy of starvation and allows humanitarian essentials, food, water, medicines, to be provided to the Gazan population.' The memorandum presents statistics to highlight the humanitarian crisis. Since October 2023, over 58,000 deaths have been officially reported in Gaza, the majority of them women and children. Independent assessments, including those by The Lancet and The Economist, place the figure between 77,000 and 1,09,000. Over 1.9 million have been displaced, with infrastructure—including hospitals, bakeries, and water systems—systematically destroyed. Aid convoys and humanitarian workers have come under fire, and the UN Special Rapporteur has described Gaza's condition as a 'man-made famine' the memorandum said.
Mint
27 minutes ago
- Mint
No proposal to stop ₹500 notes, ATMs to dispense more lower denominations: MoS Finance Pankaj Chaudhary
The government has no plans to discontinue the supply of ₹ 500 denomination banknotes and ATMs will continue to disburse ₹ 500 alongside ₹ 100 or ₹ 200 notes, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday. Additionally, the Reserve Bank of India (RBI) in a circular titled 'Dispensation of ₹ 100 and ₹ 200 denomination banknotes through ATMs' issued on April 28, 2025, directed banks and ATM operators to ensure their machines are regularly disbursing ₹ 100 and ₹ 200 notes. In a written response to the Rajya Sabha, the minister said that the RBI has directed the disbursal of more lower denomination notes to enhance public access to frequently used denominations of banknotes. He also mentioned the timeline set by the RBI for this initiative: By September 30, 2025, 75 per cent of all ATMs would dispense either ₹ 100 or ₹ 200 denomination banknotes from at least one cassette. 100 or 200 denomination banknotes from at least one cassette. By March 31, 2026, this number will increase by 90 per cent as all ATMs will continue to dispense either ₹ 100 or ₹ 200 denomination banknotes from at least one cassette. Replying to another question, Chaudhary said the Securities and Exchange Board of India (Sebi) has been actively pursuing around 76 cases during the period from April 2020 to March 2025. During the last financial year, Sebi received ₹ 949.43 crore from disgorgement, which refers to the act of legally binding a person or entity to surrender any illegal gains obtained through unethical practices in the securities market. "Fraud and cheating are punishable offences as per Indian laws. Several central government, enforcement, and regulatory agencies have been taking action to prevent, detect, and act against investment related frauds," he said. Other government agencies are also involved in combating financial crimes, including: The Central Board of Direct Taxes (CBDT) has identified nine cases of multi-level marketing (MLM) scams in the last five years. The Directorate of Enforcement (ED) has investigated around 220 cases of money-laundering , related to investment frauds under PMLA between January 2020 and July 2025. Crypto assets are currently not regulated in India, he said, adding that the RBI-SACHET portal receives multiple complaints about unauthorized deposit taking activities from unregistered entities. He also mentioned some figures around the number of complaints received so far. From April 1, 2020 to March 31, 2025, the portal received around 3,454 complaints related to the "non-repayment of money collected from various kinds of investment schemes.' Another 1,531 complaints were received related to collection of money through MLM, direct selling, and Ponzi schemes, he said.
