Indian banks await government orders on dealing with Russian lenders
The government hasn't given any official instructions on blocking the banks, said a person familiar with the matter. It will be business as usual till the government orders otherwise. The official added that the sanctions imposed by the US and its allies will not impact trade flows between India and Russia.
New India Assurance, GIC Re at odds over Kudankulam Nuclear Power Plant insurance coverThe insurance cover of more than ₹43,200 crore is sought for the under-construction units 3 and 4 of the Kudankulam Nuclear Power Plant. The annual premium is more than ₹150 crore.
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