sanctions | Common News Update

Apr42021 by adminNo Comments

Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years

Finance

The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs. The objective of Stand-Up India is to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in trading, manufacturing and services sector, by both ready and trainee borrowers, the Finance Ministry said in a statement. Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks. Started in April 5, 2016, the scheme has benefit...

Mar232021 by adminNo Comments

EU, U.S. impose new sanctions against Myanmar military over coup

World

March 23 (UPI) -- The European Union and the United States have leveled new rounds of sanctions against Myanmar's military leadership over its February coup and subsequent escalation of violence deployed against protesters. The EU announced the sanctions Monday targeting 11 people, 10 of who are among the highest ranks of the Myanmar military, known as the Tatmadaw, including its commander-in-chief, Min Aung Hlaing. The 11th person is the chair of the Union Election Commission over his role in cancelling the results of the 2020 Myanmar parliamentary elections. Advertisement The Tatmadaw seized control of the country Feb. 1 in a coup on accusations that the fall elections were fraudulent, declaring itself the State Administrative Council and arresting Daw Aung San Suu Kyi and other members...

Mar222021 by adminNo Comments

UK sanctions four Chinese officials over Uighur human rights abuses

World

Four Chinese officials will be sanctioned by the UK over "appalling violations" of human rights against Uighur Muslims in Xinjiang province, the foreign secretary has announced.Sanctions have also been placed on an official body - Xinjiang Production and Construction Corps Public Security Bureau. The US, Canada and the European Union have also introduced sanctions, with the UK imposing travel bans and asset freezes. Please use Chrome browser for a more accessible video player Chinese official defends Uighur 'training' camps Dominic Raab sai...

Mar122021 by adminNo Comments

North Korea sanctions slow, but don’t stop nuclear development, analyst says

World

March 12 (UPI) -- A former director at the International Atomic Energy Agency said international sanctions against North Korea worked to slow weapons development. Sanctions had a definite impact on Pyongyang's nuclear weapons program, but it has not stopped the Kim Jong Un regime from continued development, former IAEA deputy director general Olli Heinonen said, according to Voice of America's Korean service on Friday. Advertisement Heinonen also said economic embargoes had an indirect impact on the North's weapons program. Sanctions blocked sources of North Korean foreign currency earnings and hit the regime's exports. Those changes had an effect on state funding for the nuclear program, Heinonen said. While sanctions are not entirely ineffective, Heinonen said it alone does not prevent ...

Mar22021 by adminNo Comments

Alexei Navalny: US imposes sanctions on Russians

World

ReutersThe US has imposed sanctions on senior Russian officials over the poisoning of opposition leader Alexei Navalny.The measures, which target Russia's top spy and six others, are being co-ordinated with similar moves by the European Union.US officials said intelligence had concluded that the Moscow government was behind the near-fatal nerve agent attack on Navalny last year.He is the most high-profile critic of President Vladimir Putin.Moscow denies involvement in his poisoning and disputes the conclusion, by Western weapons experts, that Navalny was poisoned with a Novichok agent during a flight in Siberia.The term Novichok - "newcomer" in Russian - applies to a group of nerve agents developed in a lab by the Soviet Union during the Cold War. They paralyse muscles and can lead to deat...