The rupee gained 42 paise to close at 91.51 (provisional) against the U.S. dollar on Monday (February 2, 2026), a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Also Read | Rupee hits all-time low of 92 against U.S
The Union Budget 2026 has proposed a significant change that directly affects investors who borrow funds to invest in dividend-paying stocks or mutual funds. The proposal removes the existing tax benefit that allowed investors to claim a deduction on interest paid for such borrowings
West Bengal emerged as a major beneficiary of railway-led infrastructure expansion this weekend, with a series of announcements signalling a significant boost for connectivity in the state, particularly in North Bengal. A day after the Ministry of Railways cleared three new railway line projects
Hours before she was scheduled to lead a Trinamool Congress (TMC) delegation to meet Chief Election Commissioner Gyanesh Kumar in Delhi over the Special Intensive Revision (SIR) of electoral rolls, West Bengal Chief Minister Mamata Banerjee on Monday alleged that Bengalis in the Capital were being
Nabha Natesh's mesmerizing first look as Parvathi intensifies the divine mystery of Nagabandham. New Delhi: One of the most anticipated pan-India films of 2026, Nagabandham, has been steadily building excitement with a series of striking posters and character reveals
The NFL's 2025 season has provided the most wide-open race for the Super Bowl in years. Now just the New England Patriots and the Seattle Seahawks remain and they will meet on Sunday to decide the NFL champions. It is a title New England have held six times but this is their first Super Bowl since
A Bangladesh court on Monday (February 2, 2026) sentenced deposed Prime Minister Sheikh Hasina to 10 years in jail in two separate corruption cases related to alleged irregularities in allocations of land in a government housing project. Dhaka Special Judge's Court-4 Judge Rabiul Alam handed down
West Bengal CM Mamata Banerjee met families affected by the Special Intensive Revision (SIR) at Delhi's Banga Bhavan on Monday, accusing Delhi Police of failing citizens. West Bengal Chief Minister Mamata Banerjee met families affected by the Special Intensive Revision (SIR) at Banga Bhavan in
Donald Trump Signs Executive Order Protecting Venezuela's Oil Revenue Held In US Accounts
Donald Trump Signs Executive Order Protecting Venezuela's Oil Revenue Held In US Accounts
US President Donald Trump on Saturday took another step to control future sales of Venezuelan oil by signing an executive order meant to declare a national emergency and safeguard Venezuelan oil revenue held in US accounts.
The executive order signed by Trump on Saturday effectively blocks the oil revenue from the Latin American country's creditors and prevents its seizure to satisfy debts or other legal claims, according to a White House fact sheet. The goal is to ensure “these funds are preserved to advance US foreign policy objectives".
The emergency order said the revenue, held in foreign government deposit funds, should be used in Venezuela to help create “peace, prosperity and stability." The order was signed on Friday, less than a week after US forces captured Venezuelan leader Nicolas Maduro in Caracas.
Several companies have longstanding claims against the country, such as Exxon Mobil and ConocoPhillips, which left Venezuela nearly 20 years ago after their assets were nationalised under the Maduro regime. Both companies are still owed billions of dollars, according to Reuters.
What Does The Order Entail?
In its fact sheet, the White House said the executive order signed by Trump blocks any attachment, judgment, decree, lien, execution, garnishment, or other judicial process against Foreign Government Deposit Funds, which refers to the Venezuelan oil revenues and diluent sales held in US Treasury accounts.
The Order prohibits transfers or dealings in these funds except as authorised, superseding any prior Orders that might block or regulate them. It also says that the funds are sovereign property of Venezuela held in US custody for governmental and diplomatic purposes, not subject to private claims.
The Trump administration seeks to prevent the seizure of Venezuelan oil revenue that could undermine critical US efforts to ensure economic and political stability in Venezuela, according to the White House. It says that allowing attachment of these funds would directly jeopardise US objectives of halting illegal immigration and drug trafficking.
Trump cited the 1977 International Emergency Economic Powers Act and the 1976 National Emergencies Act as a legal justification. A US agreement with Venezuela's interim leaders would provide up to 50 million barrels of crude oil to Washington, where numerous refineries are specially equipped to refine it.
The order was signed on the same day Trump met with executives from Exxon, Conoco, Chevron and other oil companies in Washington to encourage them to invest $100 billion in the Venezuelan oil industry.
Source: News18
Related Posts: Complacent and lost control Trump Says Democrats Prioritise Criminals Over American Citizens Trump responds to Khamenei's regional war threat—'We'll find out…' Federal courts undercut Trump's mass deportation campaign What's next for Trump's Gaza plan after Rafah reopening Governor sent Hate Speech Bill to President to see it goes into cold storage Iran–US nuclear talks may begin soon amid Trump’s military threats Iran president orders talks with US as President Trump hopeful of deal Muizzu pitches Trump Chagos deal Donald Trump Shares India Gate's Picture With A Message
Tom Banton hit 54 not out off 33 balls and England won the second T20 against Sri Lanka by six wickets with two balls remaining under the DLS method to clinch the series. England has a 2-0 lead in the three-match series ahead of cricket's T20 World Cup, which starts on Saturday (February 7, 2026)
1 days ago
The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase. New Delhi: Robust consumer spending and public investments will maintain India's real GDP growth at 6
1 days ago
A political row broke out after Opposition leader Rahul Gandhi in Parliament quoted an excerpt from the unpublished memoir of former Army chief MM Naravane. The excerpt was about the political decision-making during the 2020 border tensions between India and China
1 days ago
Goa has long been a favourite beach destination for Indian travellers, celebrated for its vibrant parties, delicious food and stunning sea views. However, recent concerns about rising prices, poor cleanliness, traffic jams, and a lack of basic civic sense have dampened the experience for many
1 days ago
Brett Ratner, the director of the newly-released documentary on US First Lady Melania Trump, has appeared in the files concerning the probe into late sex offender Jeffrey Epstein's sex trafficking network. The US Department of Justice, on Friday, released the latest cache of the Epstein Files
1 days ago
Actor-politician Vijay stated his party, Tamilaga Vettri Kazhagam, has grown significantly due to public support. He asserted that TVK alone possesses the strength to defeat the DMK in the upcoming Assembly elections. Vijay believes the electoral battle will be a direct contest between TVK and the
1 days ago
Vijay Sales has introduced limited-period Valentine's Day deals on Apple's latest smartphones, offering price cuts on the iPhone Air and iPhone 17 Pro, along with further savings through select bank card transactions. Customers using ICICI Bank credit or debit cards on EMI purchases can access
1 days ago
A Bangladeshi court on Monday sentenced deposed Prime Minister Sheikh Hasina to 10 years imprisonment in two corruption cases relating to alleged irregularities in the allocations of land in a government housing project in Dhaka, The Daily Star reported
1 days ago
Former Indian cricketer Subramaniam Badrinath has taken a swipe at Pakistan following the government's decision to have its men's team boycott the group-stage clash against India in the ICC Men's T20 World Cup. Former Indian cricketer Subramaniam Badrinath has taken a swipe at Pakistan following
1 days ago
Civil society groups and rural employment activists have criticised the Union Budget's allocations for rural job schemes, alleging that the government has offered little clarity on the transition from the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the new Viksit
1 days ago
The partial US government shutdown entered its third day on Monday without resolution as Democrats continued to demand immigration reforms as part of any funding deal to reopen the government. Senate Democrats and Republicans agreed to a package of five spending bills on Thursday
1 days ago
The Supreme Court on Monday granted bail to three persons accused of tampering with blood samples in connection with an investigation into a car crash in Pune in May 2024 that killed two, Bar and Bench reported. A bench of Justices BV Nagarathna and Ujjal Bhuyan granted bail to Aditya Avinash Sood
1 days ago
On World Cancer Day, India must confront a hard truth. Head and neck cancers represent one of the largest and most neglected cancer burdens in the country, and tobacco is the single biggest driver behind it. This is not a disease of rare genetic bad luck. It is a man-made
1 days ago
In the footage, a group of uniformed firefighters is seen using buckets from a nearby water source to pour over the flames. The video raises broader concerns about the country's emergency response systems. Several netizens pointed out that in the footage
1 days ago
Actor posted a video of the matter, in which he can be seen confronting the waiter and demanding an explanation while waiter and manager are seen seeking apologies. A waiter at a popular pub on Park Street in Kolkata was taken into custody on Saturday after Bengali actor and social media influencer
1 days ago
The BJP Parliamentary Board has appointed Tarun Chugh as the central observer for the election of the legislature party leader in Manipur. This move signals the potential formation of a new government in the northeastern state. NDA MLAs from Manipur have arrived in the national capital for
1 days ago
Iran said negotiations with the United States over a new nuclear deal could begin in the coming days, as diplomatic efforts intensify to avert a potential military conflict between the two sides. President Masoud Pezeshkian has ordered the start of negotiations with Washington “within the
1 days ago
As protesters filled the streets of Milan this weekend over the presence of ICE agents in Italy, a very different reality awaits athletes heading into the 2026 Milano-Cortina Winter Olympics, which begin next week. While politics are bubbling loudly outside the venues
1 days ago
Reaching for an antacid has become almost as routine as drinking a cup of tea. For many people, acidity is seen as a harmless daily discomfort, something to suppress and move on from. But this common habit hides a dangerous misunderstanding. Acidity is not a disease; it is a symptom
1 days ago
The year 2026 could bring a significant turning point for salaried employees. A major decision related to the Employees' Provident Fund Organisation (EPFO) is expected soon. The central government is seriously considering increasing the EPF wage ceiling. If this proposal is approved
1 days ago
A 20-year-old female student was found dead in her hostel room at the BITS Pilani campus in South Goa, police said on Monday. The student, identified as Vishnavi Jitesh (20), was a third-year engineering student. Police said she was found hanging from a ceiling fan with a bedsheet tied around her
1 days ago
A key issue in achieving the target set by the National Education Policy (NEP) 2020 to increase expected years of schooling in India to 15 years (it is currently 13 years) was the “uneven distribution of schools”, the Union government said on Thursday (January 29
1 days ago
Three PGA Tour victories and two near misses in the majors have left Justin Rose feeling vindicated by his decision to reject offers from the Saudi Arabia-backed LIV Golf series. The Englishman claimed his 13th PGA Tour title on Sunday after a dominant week at Torrey Pines in California
1 days ago
West Bengal Chief Minister Mamata Banerjee has launched an attack on Election Commission after meeting Chief Election Commissioner Gyanesh Kumar in Delhi over the Special Intensive Revision (SIR) issue. Speaking with the press after meeting the EC officials
1 days ago
China on Monday (February 2, 2026) deplored the Grammy Award given to the Dalai Lama, saying it "firmly opposes" the Tibetan spiritual leader using the recognition to carry out "anti-China activities". The Dalai Lama, Tenzin Gyatso, won his first Grammy on Sunday (February 1
1 days ago
Finance Minister Nirmala Sitharaman on Monday mounted a sharp defence of Union Budget 2026, responding to criticism from Leader of the Opposition in Lok Sabha Rahul Gandhi, who had accused the government of being “blind to realities" facing the economy
1 days ago
Sometimes, the internet doesn't need drama, stunts, or perfectly timed punchlines to feel wholesome. All it takes is a teacher, a group of schoolchildren and one casual comment that becomes a daily act of affection. A video shared on Instagram by Teach For India educator Deepali Dahikamble is
1 days ago
