Thursday , 23 May 2019
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BSNL, MTNL asset sale proceeds to clear debt

Fund voluntary retirement scheme IANS New Delhi The proceeds of monetisation of assets of the state-run telecom majors BSNL and MTNL will be used to service the debt of these public sector undertakings, (PSUs) and fund a voluntary retirement scheme (VRS), as per a decision of the government. This was decided at last week’s meeting of the Prime Minister’s Office ... Read More »

ECONOMIC SCAN

Toyota launches improved version Innova Crysta, Fortuner PANAJI: Standing firm by its ‘Customer first’ philosophy, Toyota Kirloskar Motor (TKM) announced the launch of the improved Innova Crysta and Fortuner. While the Innova Crysta launched in May 2016 has been the undisputed leader in the MPV segment known for its luxurious features, comfort, safety and powerful performance, the Fortuner with its ... Read More »

India retained top spot in remittances in 2018: WB

IANS Washington India has retained its spot as the world’s top remittance recipient with its diaspora sending $79 billion back home in 2018, the World Bank has said in a report. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion) and Egypt ($29 billion), according to the latest edition of the World Bank’s Migration and ... Read More »

Several economic promises of BJP too tall: experts

IANS New Delhi Bharatiya Janata Party’s promises on the economic front mentioned in its manifesto including the investment of Rs 100 lakh crore in infrastructure over the next five years and pension to marginal farmers seem over-ambitious, experts said. The promises if implemented would have a huge impact on the country’s exchequer, they said. The slowdown in several economic indicators ... Read More »

ECONOMIC SCAN

Lifestyle shopping expo underway in Margao MARGAO:  Big Discount Shopping Festival, the lifestyle shopping exhibition, is underway at SGPDA ground, Margao.  Stalls of  imported artificial flowers, office furniture, home furniture and handicrafts, SS Furniture, imported sofa sets, kitchenware, Sikha home products, Prestige, LED and solar lights, Panasonic TV and fridge models, Powermax Fitness equipment, Mobilia Furniture and kitchen cabinets, imported ... Read More »

US proposes tariffs on $11 billion of EU products

IANS Washington The US is considering to impose tariffs on about $11 billion of goods from the European Union in response to the bloc’s subsidies for European aircraft manufacturer Airbus. The US has been in litigation at the World Trade Organization (WTO) over Airbus subsidies since 2004 and said it was releasing a list of items proposed for tariffs in ... Read More »

Trump says DHS Secretary leaving

Washington: Kirstjen Nielsen, the secretary of Homeland Security who has become a face of President Donald Trump’s hardline immigration push, is leaving the administration, President Donald Trump announced on Twitter Sunday. Read More »

Netanyahu, Gantz make final pitches before Israeli vote

Jerusalem: Israeli Prime Minister Benjamin Netanyahu sought to energise supporters on the eve of Tuesday’s elections with warnings and controversial promises, while his centrist challenger urged voters to tell the premier the country has had enough. Read More »

Nissan shareholders sack ex-chief Ghosn

Tokyo: Nissan shareholders voted Monday to eject Carlos Ghosn from the board, as the detained former chairmperson fights multiple financial misconduct charges that have landed him in custody. Read More »