Day: November 15, 2019

India considering telecoms firms’ request for relief on overdue payments

NEW DELHI – India is considering requests for financial relief from mobile carriers Vodafone Idea Ltd and Bharti Airtel Ltd, the finance minister said on Friday. Bharti and Vodafone Idea are due to pay the bulk of 920 billion rupees ($13 billion) in overdue levies and interest owed […]

Indian tax officials find Modi’s targets too taxing, some quit

MUMBAI/KOLKATA – India’s tax officials are facing a taxing issue. Prime Minister Narendra Modi’s government wants them to collect 17% more in direct taxes this year as New Delhi seeks to shore up revenues amid a sharp economic slowdown. The target has been maintained even though Modi recently […]

New Israel-Gaza violence tests fragile ceasefire

Israel launched fresh strikes against Islamic Jihad targets in Gaza early Friday in response to rocket fire, underscoring the fragility of a ceasefire agreed after an escalation that killed 34 Palestinians. The ceasefire began on Thursday morning following two days of fighting triggered by Israel’s targeted killing of […]

St Mark’s closed as Venice faces more floods

Another exceptional high tide swamped flood-hit Venice on Friday, prompting the mayor to order St Mark’s square closed after Italy declared a state of emergency for the UNESCO city. Luigi Brugnaro ordered the iconic square closed as the latest sea surge of around 1.6 metres (over five feet) […]

Hong Kong protesters defy Xi with pro-democracy rallies

Hong Kong pro-democracy protesters defied a warning by China’s President Xi Jinping and took to the streets again Friday, as the political turmoil seeped out to London where a minister from the territory was confronted by masked demonstrators. Hong Kong has seen relentless protests since June as many […]

N. Korea calls Biden a ‘rabid dog’ for insulting its dignity

SEOUL, South Korea — North Korea called former U.S. Vice President Joe Biden a “rabid dog” that “must be beaten to death with a stick” in its latest swipe against foreign and political leaders it sees as hostile to the North’s leadership. The commentary by Pyongyang’s official Korean […]

Israel says it has completed Gaza strikes after rocket fire

GAZA CITY, Gaza Strip — Israel said early Friday it has completed a series of airstrikes on targets linked to the Islamic Jihad militant group in Gaza after overnight rocket fire that rattled a day-old truce. The Palestinian territory’s Hamas rulers, who kept to the sidelines of this […]

Ousted ambassador appears in Trump impeachment probe

WASHINGTON — The House opened a second day of Trump impeachment hearings Friday with a key witness: Marie Yovanovitch, the former U.S. ambassador to Ukraine who was targeted by the president’s allies in a “smear” campaign now central to the inquiry. The public session was gaveled open before the House […]

MCA notifies Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules)

open view news desk The Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules) today to provide a generic framework for insolvency and liquidation proceedings of systemically important Financial Service […]

India’s Foreign Trade: October 2019

open view news desk India’s overall exports (Merchandise and Services combined) in April-October2019-20* are estimated to be USD 310.23 billion, exhibiting a positive growth of 1.51per cent over the same period last year. Overall imports in April-October 2019-20* are estimated to be USD 359.68 billion, exhibiting a negative […]

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