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US to reduce more regulations, says Trump

PTI New Delhi US President Donald Trump on Tuesday promised to reduce more regulations in his country as he looked for overseas investment to boost American economy. Speaking at a meeting with CEOs, he said a trade deal with India is in the works, but did not share any details. “It has been an honour to be here,” he said …

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Labour Ministry implements EPFO’s decision to restore pension commutation

PTI New Delhi The labour ministry has implemented retirement fund body EPFO’s decision to restore pension commutation under the Employees’ Pension Scheme, a move that will benefit 6.3 lakh pensioners. Pension commutation refers to part-withdrawal of fund in advance by a subscriber, who then gets reduced pension amount for 15 years. With the ministry’s latest decision, such pensioners would receive …

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Kineco’s rail division receives international certification

NT NETWORK Panaji Pilerne based Kineco Ltd, is now an International Railway Industry Standard (IRIS) certified company. The IRIS accreditation was awarded to the company’s rail division, said Shekhar Sardessai, founder and managing director, Kineco on Monday. He said that, the global standard certification will enable the company to leapfrog and become a compelling supply chain partner of cart builders …

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BIZ SCAN

Panel discussion on ‘Winning in the Digital Age’ PANAJI: The Goa Management Association (GMA) is hosting its annual management day function on February 27, in association with the Goa Business School. Celebrations include a panel discussion on ‘Winning in the Digital Age’. The discussion will be moderated by Sunil Dias, founder, Iv-Advisors while panelist include Sriram Natarajan, founder Molbio Diagnostics, …

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MeWo- Dempo Biz Nest gets Naukri.com and 99acres.com on board in Goa

NT NETWORK Panaji Naukri and 99acers, India’s largest jobs and real-estate platforms, part of the Info Edge Group have signed an agreement with MeWo– Meetings & Co-Working, the newly established startup in Goa backed by Shrinivas Dempo, Chairperson Dempo Group and Abrar Shaikh, Founder BIZ Nest. Both technology giants (Naukri & 99acers) would be setting up their Goa core operations …

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Govt allots 6,50,000 tonne of unused sugar export quota under MAEQ scheme

PTI New Delhi The government has reallocated unused export quota of 6,50,000 tonnes of sugar in the ongoing 2019-20 marketing year under the Maximum Admissible Export Quota (MAEQ) scheme, a senior Food Ministry official said on Monday. For the current year, the government has allowed export of 6 million tonnes of sugar under the quota to help deal with the …

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Solar projects delayed by coronavirus in China may get relief

New Delhi: In a big relief to renewable energy projects, the Ministry of New and Renewable Energy (MNRE) will give extra time for the commissioning of power projects that face delays due to squeezing of supply lines from China which is facing deadly spread of coronavirus. On the lines of clarification given by Ministry of Finance (Department of Expenditure Procurement …

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Efforts on to include G-Secs in global indices soon, says Shaktikanta Das

New Delhi: Reserve Bank of India Governor Shaktikanta Das has said the central bank has already initiated discussions with some institutions and efforts are on for inclusion of government bonds in global indices as quickly as possible. The development would attract higher foreign flows as many overseas funds are mandated to track global indices. It will help bring in large …

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BIZ SCAN

‘Technical Twist’ at Bachpan Play School and Ahps MUMBAI: In order should our students survive in post-primary and secondary education and further in the business world, they must know, understand and keep abreast with technological developments.  There are 5 technologically advanced gadgets that have revolutionized the preschool and formal school education sector at Bachpan and AHPS. VR Virtual Reality is …

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Coronavirus impact: China cuts loan rate

AGENCIES Beijing China on Thursday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak. The reduction in the loan prime rate (LPR) — one of the preferential rates commercial banks give to their best customers and which serves as a reference for other lending rates …

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