India’s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India’s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets.
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- Moscow bets on visa-free deal to attract more Indians
The new visa free group travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia.
UK tightens student visa rules but keeps Indian students' favourite graduate route intact for nowThe UK's Graduate Route scheme, popular with Indian students for post-study work, remains safe for now, though it will be "kept under review," as the government announced new proposals to tighten student visa regulations to prevent misuse for immigration. The measures follow a 10% fall in net migration, welcomed by Prime Minister Rishi Sunak. The Home Office highlighted a 25% drop in visa applications due to stricter rules on family dependents and plans to regulate international student recruitment to crack down on rogue agents.
Haj 2024: Saudi Arabia bans visit visa holders from entering Makkah with immediate effectSaudi Arabia has announced a restriction barring individuals with any type of visit visa from entering or remaining in Makkah starting from Thursday. The advisory, released by the Saudi Ministry, is effective from May 23 to June 21, corresponding to specific dates in the Hijri calendar. Only holders of a Haj permit are permitted to enter Makkah during this period, with all other forms of visit visas deemed inadequate. This measure aims to ensure the safety and security of pilgrims, and violators will face fines of 10,000 Saudi Riyals.
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