The Prime Minister of Israel added 2 new photos.

31 mins · 

Prime Minister Benjamin Netanyahu and his wife Sara visited the British Library in London last night, where they were briefed on the library in general and two items in particular – the original Balfour Declaration, in which UK Foreign Secretary Arthur Balfour declared that Britain would support the establishment of a national home for the Jewish People in the Land of Israel, and a book edited by the Prime Minister's father, the late Professor Ben-Zion Netanyahu. The latter was a volume of Herzl's writings that the Prime Minister's father had edited in 1937 when he was only 27. The Prime Minister said that Herzl was a visionary and great leader and noted the link between him and the Balfour Declaration.

The Netanyahus also viewed a Passover haggadah, Tanakh, an edition of the Talmud (Tractate Bava Kama) and other volumes.

Photos: Avi Ohayon, GPO

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RBI allows resident importers to raise trade credit in INR

With a view to providing greater flexibility for structuring of trade credit arrangements, it has been decided by RBI that the resident importer can raise trade credit in Rupees (INR) within the framework after entering into a loan agreement with the overseas lender.

Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to Schedule III to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 notified vide Notification No. FEMA 3/2000-RB dated May 03, 2000 read with Regulation 6(3) of the said Regulations regarding raising of trade credit (buyers' credit / suppliers' credit) from overseas supplier, bank and financial institution for import of capital and non-capital goods into India . With a view to providing greater flexibility for structuring of trade credit arrangements, it has been decided by RBI that the resident importer can raise trade credit in Rupees (INR) within the following framework after entering into a loan agreement with the overseas lender: ·         Trade credit can be raised for import of all items (except gold) permissible under the extant Foreign Trade Policy ·         Trade credit period for import of non-capital goods can be upto one year from the date of shipment or upto the operating cycle whichever is lower ·         Trade credit period for import of capital goods can be upto five years from the date of shipment ·         No roll-over / extension can be permitted by the AD Category - I bank beyond the permissible period ·         AD Category - I banks can permit trade credit upto USD 20 mn equivalent per import transaction ·         AD Category - I banks are permitted to give guarantee, Letter of Undertaking or Letter of Comfort in respect of trade credit for a maximum period of three years from the date of shipment ·         The all-in-cost of such Rupee (INR) denominated trade credit should be commensurate with prevailing market conditions ·         All other guidelines for trade credit will be applicable for such Rupee (INR) denominated trade credits Overseas lenders of Rupee (INR) denominated trade credits will be eligible to hedge their exposure in Rupees through permitted derivative products in the on-shore market with an AD Category - I bank in India . Necessary guidelines for hedging will be issued separately.

Palestinian flag to fly at UN HQ

SEPTEMBER 11, 2015 | EDIT

UN General Assembly has passed a Palestinian resolution to allow its flag fly in front of the United Nations headquarters in New York, angering Israel and giving hope to Palestinians seeking to gain full UN membership

150 evacuated in NYC subway after train derails

A train on the New York City Subway’s G line derailed north of the Hoyt Street Station in Downtown Brooklyn on Thursday, local media reports. As many as 150 passengers were on board the southbound train when the front wheels of the first carriage came off the track at 10:16 pm local time. All the passengers were evacuated, with only one person in need of medical attention, reportedly due to a panic attack. The authorities called the incident a“minor” derailment.

Arianespace launches two Galileo satellites atop Russian Soyuz rocket

A Russian Soyuz-ST rocket successfully blasted off early Friday from the European Spaceport in Kourou, French Guiana, carrying two Galileo navigation satellites bound for the European global satellite navigation system, which is planned to have up to 30 satellites in total, including reserves, in its constellation. These are the fifth and sixth satellites to be launched for Europe’s multinational Arianespace company. Friday’s mission is expected to take 3 hours 48 minutes to complete. The cost of the ambitious European project – an alternative to the American GPS and the Russian GLONASS systems – has surpassed 5 billion euro, with a total of some 7 billion expected to be spent  by 2020.

 US marine killed, 18 injured during vehicle accident in California

A vehicle rollover accident on Thursday took the life of one US Marine and injured 18 others at Camp Pendleton in San Diego, California, the Associated Press reported. The Marine has not been identified and details about the injuries the other service members suffered have not been released. “We want to ensure the Marines and their family members are being provided for during this difficult time,” 1st Lieutenant Colleen McFadden, public affairs officer of the 1st Marine Division, said in a statement to AP.

Iraq condemns incursion by Turkish ground troops

Iraq on Thursday condemned Turkey for sending ground troops onto its territory in pursuit of Kurdish rebels, AFP reported. “The Foreign Ministry expresses its condemnation of the incursion of a number of Turkish military units inside Iraqi territory,” spokesman Ahmed Jamal said. “It represents a clear violation of Iraqi sovereignty and a clear offense to bilateral relations between the two countries.” Turkish forces entered Iraq on Tuesday for a “short-term” incursion in pursuit of fighters from the Kurdistan Workers’ Party (PKK) allegedly involved in attacks that killed more than two dozen soldiers and police.

FIFA delegates inspect Russia’s preparations to host 2018 World Cup

FIFA delegates are completing their second visit to Russian cities to inspect the country’s preparations to host the 2018 World Cup. Colin Smith, FIFA’s director of competition, and Russian Sports Minister Vitaly Mutko were quoted Thursday as saying that the preparation has been conducted in line with the schedule. The next visit of the FIFA delegates to Russia to inspect the preparations for the World Cup will be paid in early spring next year, Alexey Sorokin, the director general of 2018 Local Organizing Committee (LOC), said on Thursday, as cited by TASS.

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Sweden’s accession to NATO would require response from Russia – Moscow

If Sweden were to join NATO, the situation would demand response steps from Russia, TASS quoted Russian Foreign Ministry spokeswoman Maria Zakharova as saying.“Sweden’s admission to NATO would have military-political and foreign policy steps that would require necessary response steps from the Russian side,” she said on Thursday.