Scrapping of Franco-German fighter jet leaves allies at odds on defence future
The flagship partnership project became a glaring example of discord between the two nations.

"SCRAPPING" · 총 24건
필터 보기현재 지수
49.5
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 88,204건을 분석한 결과, 뉴스 심리지수는 49.5(균형)입니다. 긍정 10,735건(12.2%)·중립 63,897건(72.4%)·부정 13,572건(15.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 19.6(중도 균형)입니다.
The flagship partnership project became a glaring example of discord between the two nations.

As the rupee came under pressure from rising crude oil prices, geopolitical tensions in the Middle East and sustained foreign portfolio investor (FPI) outflows, the government and the Reserve Bank of India rolled out a set of measures over Friday and Monday aimed at attracting foreign capital and strengthening India's external position.The RBI, while keeping the repo rate unchanged at 5.25% in its June monetary policy review, unveiled a package to boost dollar inflows. Simultaneously, the government followed up with a tax ordinance exempting foreign investors from taxes on investments in government securities. Together, the measures are designed to improve India's balance of payments, ease pressure on the rupee and make Indian debt markets more attractive to overseas investors.Also Read: India scrapping tax for foreign investors in govt bonds aimed at inclusion in Bloomberg index, govt official saysSo, why were policymakers worried?The West Asia conflict and its impact globally is no secret. The ripple effects are real. The rupee had come under pressure in recent weeks trading in the range of ₹95.20 to ₹95.80 against the US Dollar as crude oil prices surged following the escalation of the Iran-Israel conflict, raising concerns over India's import bill and current account deficit. However, a surprise sprang on Monday when India reported a current account surplus of $7.1 billion in the fourth quarter of FY26. The RBI's package1. Concessional forex swap facility for overseas borrowingsThe RBI introduced a special dollar-rupee swap facility at a concessional rate for public sector entities and banks raising funds overseas. The facility will remain available until September 30.Companies often borrow abroad but must hedge currency risk. Hedging can be expensive. By lowering that cost, the RBI is encouraging more overseas borrowing and, consequently, more dollar inflows into India.2. RBI to bear hedging costs on FCNR(B) depositsOn Monday, the RBI issued detailed guidelines for the FCNR(B) deposit scheme announced during the monetary policy.Also Read: Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inUnder the framework, banks can mobilise fresh FCNR(B) deposits with maturities of three to five years between June 8 and September 30 and swap the dollar inflows with the RBI. The swap window will remain available until October 16. The central bank will bear the entire hedging cost, effectively allowing banks to hedge these deposits at par. Banks can also offer leverage against such deposits.The RBI also exempted these deposits from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements, improving the economics of mobilising foreign currency deposits.To ensure stability of inflows, deposits raised under the scheme will carry a mandatory one-year lock-in period. Banks will not be allowed to cancel swaps undertaken with the RBI before maturity. The RBI further exempted swap positions arising from FCNR(B) deposits from net unhedged foreign exchange exposure calculations.This is the closest India has come since the 2013 FCNR(B) mobilisation scheme launched during the rupee crisis. By eliminating hedging costs, providing CRR and SLR relief, relaxing regulatory treatment and offering a dedicated swap window, the RBI is giving banks a strong incentive to attract dollar deposits from overseas Indians. Why analysts think this scheme could be bigger than 2013Brokerage Jefferies believes the latest package could attract $50-70 billion of foreign currency inflows, substantially higher than the inflows generated under the 2013 FCNR(B) scheme.The brokerage argues that the current framework is more attractive than the one introduced during the rupee crisis more than a decade ago. While banks had to bear hedging costs of around 3.5% under the 2013 scheme, the RBI is now absorbing the entire cost. The deposits are also exempt from CRR and SLR requirements, similar to the earlier programme.A key difference this time is the ability to use leverage. Jefferies noted that the RBI has permitted banks to provide standby letters of credit (SBLCs), potentially allowing depositors to amplify returns through leverage. According to the brokerage, this could significantly improve the attractiveness of FCNR(B) deposits for overseas investors.3. Expansion of the Fully Accessible Route (FAR)The RBI expanded the FAR framework to include all new 15-year, 30-year and 40-year government securities and removed concentration limits for foreign investors.Large global investors, including pension and sovereign funds, prefer long-dated bonds. The move widens the universe of Indian government securities available for unrestricted foreign investment.4. Easier access for non-resident investorsThe RBI broadened investment access for individuals residing outside India and eased certain norms governing non-resident participation in Indian markets.The measure aims to tap a larger pool of overseas capital, particularly from the Indian diaspora.The Government's follow-up Tax reliefAfter the RBI's measures, the government issued the Income-tax (Amendment) Ordinance, 2026.5. Capital gains tax exemption on government bondsThe ordinance exempted foreign institutional investors and the Bank for International Settlements from capital gains tax on investments in specified government securities. Earlier, long-term gains attracted a 12.5% tax.1316102436. Interest income tax exemptionThe government also removed taxes on interest income earned by eligible foreign investors from these government securities. Previously, interest income faced a 20% withholding tax.131610254
In speech on Tuesday, Tory leader will claim obligation to consider equality being used to advance ‘divisive agendas’ Kemi Badenoch will vow to scrap the duty on public bodies to consider how they can promote equality as she seeks to head off the challenge from Reform UK by presenting her party as responsible but also in tune with populist anger. Badenoch, who was Conservative minister for equalities between 2020 and 2022, will commit to scrapping the public sector equality duty (PSED), a legal requirement obliging those bodies to think how they can improve society and promote equality in their day-to-day business. Continue reading...
In a major intervention, the Conservative leader will commit to scrapping the 'public sector equality duty' which has been blamed for the spread of identity politics throughout the public sector.
India has announced several measures to boost capital inflows, including the scrapping of capital gains tax for foreign investors in government bonds.
(Atlantic) After scrapping an album and starting anew, Lizzo still sounds lost amid these weak genre-hopping songs. Perhaps the zeitgeist has simply left her behind Just over a year ago, Lizzo appeared on Saturday Night Live, announcing a new album called Love in Real Life in grandstanding style. Wielding an electric guitar, clad in a Trump-baiting T-shirt that read Tariffied, she performed its title track and two other new songs, Still Bad and Don’t Make Me Love U. As with her appearance earlier the same week on a late night talkshow – during which she ran into the audience to high-five fans who were yelling “we love you Lizzo!” – it looked very much like a defiant comeback, fit to drag her out of the controversy that erupted at the end of her hugely successful 2023 world tour. Three former backing dancers and a costume designer filed lawsuits against the singer alleging harassment and discrimination: damaging claims given how Lizzo’s songs have preached a message of inclusivity, body positivity and self-confidence. Some of the allegations were dismissed by a judge but others are ongoing; Lizzo has refused to settle out of court, saying: “I’m fighting the case because I know that it’s not true.” But the Love in Real Life single, a pivot towards rock that owed a little to Tom Petty’s American Girls – or the Strokes’ American Girls-indebted Last Nite if you prefer – failed to make the charts, a far cry from the period between 2018 and 2022 when Lizzo’s singles seemed to go multi-platinum as a matter of course. The same fate befell Still Bad, a track much more in the vein of her big hits, prompting a rethink. The album was pulled, Lizzo apparently taking control of her own destiny – “I need to do shit my way”. A mixtape that returned her more-or-less to where she started, before pop stardom came calling – punchy hip-hop, albeit tricked out with guest appearances from Doja Cat and SZA – appeared in its place: My Face Hurts from Smiling received mixed reviews and underwhelming streaming figures. Continue reading...
The US president said he did not want 'singers with no talent' after artists pulled out over politicisation concerns.
US President Donald Trump announced a mass rally in Washington on 24 June to celebrate America's 250th anniversary.
Despite the DOJ saying it is scrapping plans to launch a $1.8 billion "Anti-Weaponization Fund," many Jan. 6 defendants are still eying payouts using other legal paths.
President Trump declined to commit to scrapping plans for a $1.8 billion fund that would have compensated his allies and Jan. 6 rioters, one day after the Justice Department's top official said they were retreating from the program that sparked a political backlash on both sides of the aisle.
The post came hours after the acting attorney general committed to Congress that DOJ was scrapping plans for its "Anti-Weaponization Fund."
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. 5 key points in Trump’s new AI order Less than two weeks after scrapping an executive order on AI, President Donald Trump signed a new one on Tuesday. Promising to promote…
For BS-III or older vehicles, scrapping at Registered Vehicle Scrapping Facilities is mandatory.
Acting Attorney General Blanche told lawmakers Tuesday that the Justice Department is scrapping plans to create a $1.8 billion "anti-weaponization fund." It's a setback for Trump, after Republican senators made clear they did not have the votes to advance a Homeland Security funding bill unless the White House either scaled back or eliminated the fund. Lisa Desjardins has more.
The Justice Department said it will abide by a federal court order pausing the fund, which also faced fierce Republican opposition in the Senate
Rassemblement National leader Jordan Bardella, who may end up being the party's presidential candidate, has shifted to advocating for scrapping the pension system's fixed legal retirement age and possibly adding a share of capitalization.
• 1pc advance tax removal may bring a meagre Rs100bn relief • Textile sector pushes for broader reforms, refunds, and lower energy costs • 68pc tax burden eroding competitiveness; industry demands restoration of Final Tax Regime SLAMABAD: The government is considering abolishing the one per cent advance tax on exporters in the upcoming federal budget, a move that could provide relief of around Rs100 billion. However, no broader fiscal support for the struggling sector is currently on the table. Officials familiar with the budget discussions told Dawn on Friday that the proposal is under active consideration as part of limited, targeted measures for the export industry, particularly the textile sector, which has been pressing for wide-ranging reforms. The 1pc advance tax, charged on export proceeds, has long been criticised by exporters as a liquidity-draining measure that ties up working capital despite thin margins and delayed refunds. Industry data showed that exporters alone had paid nearly Rs200bn in excess on account of 1pc advance income tax during FY25 and FY26. “This is essentially returning a fraction of what has already been collected,” said a leading exporter, pointing to the cumulative burden of taxes, high energy costs, and blocked refunds that continue to constrain operations. The textile sector, which accounts for the bulk of Pakistan’s exports, submitted a comprehensive set of proposals ahead of the budget, including the restoration of the Final Tax Regime (FTR), a reduction in energy tariffs, clearance of over Rs327bn in pending refunds, and the revival of export incentives. However, sources indicated that most of these demands are unlikely to be accommodated in the upcoming budget, which remains constrained by revenue targets and ongoing stabilisation commitments. Industry data place Pakistan at a significant disadvantage in terms of effective taxation. Exporters face an estimated burden of over 68.27pc, exceeding regional competitors. By contrast, Vietnam maintains a corporate tax rate of around 20pc, Bangladesh ranges from 22.5 to 27.5pc, and India applies a graduated structure from 26 to 34pc. These comparatively lower and more predictable regimes enable exporters in competing countries to retain margins and reinvest in capacity expansion. The gap indicates that Pakistan’s taxation framework is not only higher but also more complex, with multiple levies contributing to the cumulative burden. Exporters pointed out that the advance tax is particularly burdensome because it is applied at the point of transaction, regardless of profitability, effectively increasing the cost of doing business in an already high-tax environment. The proposed relief of Rs100bn, while significant in absolute terms, is modest when viewed against the sector’s liquidity requirements and accumulated tax payments. Energy pricing emerges as one of the most critical constraints. Industrial electricity tariffs in Pakistan stand at approximately 11.5 cents per kilowatt-hour, compared to 6.3 cents in India, 8 cents in Vietnam, and as low as 5 cents in Uzbekistan. Gas prices show an even sharper divergence, with Pakistan at about $13.5 per mmBtu versus $6 to $7 in India and Vietnam and around $3 in Uzbekistan. In addition to higher tariffs, Pakistan faces supply reliability issues, whereas countries such as China and Vietnam offer stable supply along with preferential industrial tariffs. The combined effect is a substantial increase in production costs, directly affecting export competitiveness. Indirect taxation Pakistan’s indirect tax regime is characterised by a uniform 18pc GST on both inputs and finished goods, with refund delays extending from months to several years. In contrast, regional competitors apply differentiated rates and efficient refund systems. Bangladesh applies reduced or zero-rated value-added tax (VAT) on export inputs, India operates a structured GST system with refunds typically processed within two to four weeks, while Vietnam and China offer near-immediate or automated refund mechanisms. This divergence creates a liquidity disadvantage for Pakistani exporters, as working capital remains tied up in delayed refunds. Pakistan Textile Exporters Association (PTEA) Patron-in-Chief Khurram Mukhtar, in a statement, said Pakistan’s export sector and the entire textile value chain are unfortunately fighting against a mindset that appears bent on penalising the very ecosystem that earns foreign exchange, creates jobs and sustains documented economic activity. The harsh reality today is that the more exporters grow, the more they are burdened. In many cases, the more you export, the more you lose, he said. The government’s own documented figures reveal that the shift from the FTR to the Normal Tax Regime (NTR) has resulted in an estimated additional revenue extraction of approximately Rs90bn. Exporters should have the option to remain under FTR or to voluntarily opt for NTR. This was perhaps one of the rare moments in Pakistan’s history when the entire textile chain converged on a concrete and balanced proposal. Unfortunately, even this unified recommendation does not appear to be receiving serious consideration, he added. The Export Facilitation Scheme (EFS) was one of the few excellent reforms introduced in recent years. It was fully digitalised, bringing transparency and efficiency to the system. However, the exclusion of domestic commerce from EFS significantly increased the burden on exporters and disrupted the integrated textile value chain, he remarked. “We have repeatedly stressed that the super tax should be abolished in a phased manner along with Minimum Turnover Tax (MTR), inter-company dividend taxation and taxation on bonus shares, particularly when bonus shares are a non-cash item and do not represent actual income generation”, he said. Similarly, exporters proposed a progressive GST framework: raw materials may be taxed at 5pc, fabrics at 10pc, and finished products at the standard GST rate, thereby ensuring that primary revenue collection occurs at the finished product stage rather than trapping capital throughout the manufacturing chain. Published in Dawn, May 30th, 2026
French MPs vote to repeal law that governed slavery in colonies.
Politics, Geopolitics & Conflict Austerity measures in Bolivia have gone too far, too fast, putting the president’s political longevity in question. Bolivian President Rodrigo Paz, who came into office six months ago, backed by Washington and promising market-oriented reforms during a severe economic crisis, is now facing nationwide unrest after scrapping fuel subsidies, pursuing austerity measures, and attempting land reforms that triggered fears of consolidation by larger agricultural interests. What began as protests from small farmers…
The Vijayawada body has written to Chief Minister N. Chandrababu Naidu and Finance Minister Payyavula Keshav, urging them to scrap the additional VAT and the road development cess on fuel