Government to set up dedicated unit for effective monitoring of PMAY

New Delhi: The government has proposed to set up a dedicated unit to effectively monitor the implementation of Pradhan Mantri Awas Yojana (Urban), officials said on Wednesday. According to a request for proposal (RFP)...

Fiat Chrysler's-Renault bid clears French hurdles as board meets: Sources

FRANKFURT | PARIS: Renault directors were preparing to review Fiat Chrysler's (FCA) $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said. The compromise...

What’s floccinaucinihilipilification? Ask the Reserve Bank of India

By Anirban Nag As India’s economic climate becomes more complicated, so have the messages from monetary policy makers. Central bank watchers were left scrambling this week for their dictionaries and Google searches to decipher parts...

Pakistan government to file fresh corruption cases against Nawaz Sharif's family

LAHORE: The Pakistan government would file fresh corruption cases against jailed former prime minister Nawaz Sharif's family members after proof of money laundering was found against them, according to media reports. Prime Minister Imran...

China's Xi declares new $63-bln Beijing airport is formally open

BEIJING: Beijing's new multi-billion dollar airport, Daxing International, was formally declared open by President Xi Jinping on Wednesday, days ahead of the 70th anniversary of the founding of the People's Republic of China. The...

Trump administration approved nuclear energy transfers to Saudis after Khashoggi killing

A man holds a poster of Saudi journalist Jamal Khashoggi during a protest organized by members of the Turkish-Arabic Media Association at the entrance to Saudi Arabia's consulate on October 8, 2018 in...

Labour code on mandatory minimum wages notified

Government has notified the labour code on wages paving way for 50 crore workers to become eligible for mandatory minimum wages. The bill got the assent of the President on August 8, 2019...

India examining details of exemptions on buying Iranian oil

India is examining the details of exemptions given to the country by the United States that will allow it to continue to buy Iranian crude oil, a foreign ministry spokesman said on Friday. The...

Multinationals face heftier tax bills under OECD proposals

Angel Gurria, secretary-general of the OECD Jose, addresses the media at the organization's headquarters in Paris, France on Nov. 21, 2018.Eric Piermont | AFP | Getty ImagesGovernments will get more power to tax...

Maha spent Rs 4909.50 crore on drought relief in 2018-19: Economic Survey

The Maharashtra government made available Rs 4909.50 crore for drought relief in 2018-19, the state Economic Survey revealed Monday, adding that the total affected area was 85.76 lakh hectare spread over 151 talukas. It...