Tehran says $100bn in frozen assets ‘fully released’ after nuclear deal
Iran said Monday it now has access to more than $100 billion worth of frozen overseas assets following the implementation of a nuclear deal with world powers, AP reported. Much of the money had been piling up in banks in China, India, Japan, South Korea and Turkey since international sanctions were tightened in 2012 over Iran’s nuclear program, according to government spokesman Mohammad Bagher Nobakht. Nine Iranian banks are now reconnected to SWIFT, which handles wire transfers between financial institutions, ISNA news agency quoted Central Bank official Nasser Hakimi as saying.
Gross Bank Credit grows at 9.2% in December 2015
Gross bank credit grows at 9.2% in the month of December 2015 as against 8.6% in the month of November 2015. The gross bank credit growth stands at 9.5% during December 2014. On a year-on-year (y-o-y) basis, non-food bank credit increased by 9.3% in December 2015 as against about 9% in November 2015. Credit to agriculture and allied activities increased by around 13% in December 2015 as compared with 12% in November 2015.
Monthly trend in growth of gross bank credit (%) (YoY)
Source: PHD Research Bureau, compiled from RBI
Credit to industry increased by 5.3% in December 2015 as compared to about 5% in the month of November 2015. While there was an increase of credit to industry by 6.7% in December 2014. Deceleration in credit growth to industry in December 2015 over last year was observed in all major sub-sectors barring chemical and chemical products and basic metal and metal products.
Deployment of Gross Bank Credit by major sectors (Rs. Billion)
Source: PHD Research Bureau, compiled from RBI. Note: Data are provisional and relate to select banks which cover 95 per cent of total non-food credit extended by all scheduled commercial banks * Data pertains to Nov 27,2015 ^ Growth pertains to Nov 27, 2015 over Nov 28, 2014
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Mukhtar Abbas Naqvi Met today delegation of India Against Terrorism,
Met today delegation of India Against Terrorism, an initiative by Indian youths from different religions & regions.Strength of secularism & nationalism is strong weapon to defeat terrorism & radicalism and nefarious & evil designs of terror elements.
Russian, US diplomats to hold meeting on Syria in Geneva
US-led coalition conducted 13 airstrikes against Islamic State (IS, formerly ISIS/ISIL) in Iraq and five in Syria on Sunday, as per media report. Six of the strikes in Iraq were near the contested city of Ramadi. Three tactical units, five staging areas, two rocket rails, two fighting positions and a weapons cache were hit, the Combined Joint Task Force said on Monday. There were three strikes near Mosul, two near Qayyarah, one near Kirkuk and one at Sinjar. In Syria, three strikes near Manbij hit a tactical unit and destroyed a mortar system, two fighting positions and two buildings. Strikes also hit near al Hawl and Dayr Az Zawr. Ramadi was also a prime target on Saturday, when seven strikes were conducted, according to the military.
Russian and US diplomats will hold a bilateral meeting in Geneva on Monday evening on the Syrian political crisis, according to Paul Patin, public affairs officer at the US Mission in Geneva. Russian Deputy Foreign Minister Gennady Gatilov is expected to stay in Geneva till February 4. Moscow hopes that meetings in Geneva will allow the launching of a political process in Syria, he told TASS on Monday. A Russian team will also meet UN Special Envoy for Syria Staffan de Mistura, US Assistant Secretary of State for Near Eastern Affairs Anne Patterson and Chairman of the Kurdish Democratic Unity Party Saleh Muslim. A trilateral Russia-US-UN meeting and talks with the head of the Syrian government delegation, Bashar Jaafari, are scheduled for February 2. The meeting between de Mistura and the Syrian government delegation has been postponed.
EU is set to promise some €2 billion ($2.2 billion) in Syrian refugee aid at an international donor conference Thursday, media reported. Britain, Germany and Norway are hosting the conference in London along with the UN and Kuwait, to double humanitarian aid to the region. UN agencies are appealing for a total of $7.73 billion to cope with Syria’s needs this year. A further $1.2 billion is required by regional governments for their own plans to deal with the impact of the Syrian conflict. Media agencies
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