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Category Archives: Economic

Chinese commission bars 4th richest man for 10 years

Beijing: The China Insurance Regulatory Commission has barred Yao Zhenhua, the fourth-richest man in the country, for 10 years for irregularities in the purchase of shares of a real estate firm, the media reported on Saturday. Yao, founder of the financial conglomerate Baoneng, provided false information for the authorisation to increase the capital of its…

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Clashes erupt in Pretoria anti-migrant protest

Pretoria:  Clashes have erupted in an anti-migrant protest rally in the South African capital of Pretoria prompting police to use rubber bullets, tear gas and water cannon to disperse the demonstrators, a media report said. A low-flying police helicopter was deployed on Friday to break up a stand-off between local protesters and foreigners, with both…

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UNHRC urged to push Sri Lanka on human rights

Colombo: The UN Human Rights Council (UNHRC) has been urged to push Sri Lanka to develop a timetable for implementing the recommendations made in 2015 on fully restoring human rights in the country. In a letter to the Permanent Missions in Geneva, Human Rights Watch (HRW) sought support in ensuring that the upcoming consideration of…

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Trump times: Good cop, bad cop, just no stop! (Washington Diary)

Washington:  The allies are upset. Bad hombres are scared. Millions of illegal immigrants, over 300,000 desis among them, have slipped into the shadows. And ‘fake media’ is hopping mad. But there is no stopping the trundling Trump train. “Now you finally have a President. Finally!” Donald Trump told a raucous crowd of supporters at an…

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Jaitley to leave for 5-day official visit to Britain

  New Delhi: Union Finance Minister Arun Jaitley would leave on Friday morning for a five-day visit to Britain during which he will hold a businesses interaction with UK-India Business Council and deliver a lecture at London School of Economics, an official statement said. “Union Minister for Finance Arun Jaitley will leave early morning tomorrow on…

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10 countries join UN Environment’s war on marine litter

Bali: The UN Environment on Thursday launched an unprecedented global campaign to eliminate major sources of marine litter: microplastics in cosmetics and the excessive, wasteful usage of single-use plastic by 2022. Ten countries – Belgium, Costa Rica, France, Grenada, Indonesia, Norway, Panama, Saint Lucia, Sierra Leone and Uruguay – have joined the the #CleanSeas campaign,…

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MOBIKWIK TO INVEST RS 300 CRORE IN BUSINESS GROWTH IN 2017

The company aims to become three times larger in the year, acquiring over 100 million users To launch Supercash, a game changer loyalty initiative to promote digital payments across organised and unorganised retail 23rd February: Mobile wallet major MobiKwik today announced an investment of Rs 300 crore for expansion aimed at growing its user base…

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Core Inflation – RBI’s Logical Target by Mr Sahil Kapoor, Chief Market Strategist, Edelweiss Broking Ltd.

· Headline CPI declined by 3.5% between FY14 and FY15. The disinflation could be majorly attributed to fall in food prices aided by low fuel prices. · Fuel prices did not have major role in disinflation due to excise duty hikes by government limiting pass through of low oil prices to consumer. · There are…

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Cabinet gives nod to India-Poland agricultural accord

New Delhi:  The Union Cabinet on Wednesday approved for signing an agreement between India and Poland on cooperation in agriculture and allied sectors. The agreement will cover exchange of information between the two countries on various aspects, including health of crops, as per the international trade requirements and threats posed by harmful organisms and diseases…

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Sheenlac-Jenson & Nicholson JV eyes Rs 350 cr revenue

Kolkata:  Sheenlac Paints, which entered into a joint venture with Jenson and Nicholson India, has drawn up a five-year roadmap to achieve Rs 350 crore revenue. The company may explore the possibilities to increase its stake in the joint venture, a company official said on Wednesday. The joint venture is in the form of a…

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