Tuesday, 29 September 2026

Iran rial crashes past 2.5 million per dollar: War, sanctions push currency to new low

Iran’s economy was already under sustained pressure from years of international sanctions. The situation has worsened with new US sanctions and a naval blockade targeting Iranian oil exports, which has restricted Tehran’s access to crucial foreign-currency revenues.

Mint

3 hours ago · 1 min read★ 3.7 trust

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View Market Dashboard Iran rial crashes past 2.5 million per dollar: War, sanctions push currency to new low Iran’s economy was already under sustained pressure from years of international sanctions. The situation has worsened with new US sanctions and a naval blockade targeting Iranian oil exports, which has restricted Tehran’s access to crucial foreign-currency revenues. Written By Ravi Hari Updated29 Sep 2026, 07:31 PM IST Prefer Liveminton Google AI Quick Read ✕ Wait for it… Log in to our website to save your bookmarks. It'll just take a moment. Yes, Continue ✕ Wait for it… Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

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The Hindu·3 hours ago·1 min read

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Two PDO’s suspended, three tax collectors dismissed in Raichur for poor revenue recovery

Taking a tough line against dereliction of duty and poor revenue performance, the Raichur Zilla Panchayat has suspended two Panchayat Development Officers (PDOs) and initiated departmental inquiries to dismiss three tax collectors across Devadurga and Manvi taluk village panchayats. The order was issued by Ishwar Khandoo, Chief Executive Officer of the Raichur Zilla Panchayat, following repeated failures by the officials to meet tax collection targets despite multiple notices and warnings. Mateenuddin, in-charge PDO of the Shavantagera Gram Panchayat in Devadurga taluk, and Prabhukumar, PDO of the Sadapur Gram Panchayat in Manvi taluk, were the suspended. The zilla panchayat revoked the staff approvals for three tax collectors- Rajashekar of the Shavantagera Gram Panchayat, and Hemanna and Hanumantharaya of the Sadapur Gram Panchayat. The CEO directed the respective gram panchayats to initiate disciplinary proceedings and departmental inquiries aimed at terminating their services. Official figures highlighted a stark shortfall in revenue realisation in both panchayats as follows: Against a total tax demand of ₹31,89,780.68, officials managed to collect only ₹55,246.67 in the Sadapur Gram Panchayat, while out of a total demand of ₹28,78,086.78, the recovery stood at a mere ₹1,56,328 in the Shavantagera Gram Panchayat respectively. These two panchayats recorded the lowest tax collection rates in the entire district. According to the order, the officials showed continuous negligence, failed to execute orders issued by higher authorities, and made little progress despite repeated instructions. The suspension of the two PDOs was executed under Rule 3 of the Karnataka Civil Services (Conduct) Rules, 2021. Meanwhile, the action against the three tax collectors—including the revocation of approval and departmental inquiry for dismissal—was initiated under Rule 8 of the Karnataka Gram Swaraj and Panchayat Raj (Gram Panchayat Staff Pattern, Pay Scales, Recruitment Method and Other Service Conditions) Rules, 2020.

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