Month: May 2020

KKR to invest $1.5 billion in Reliance Industries’ digital unit, its biggest deal in Asia

NEW DELHI – KKR & Co Inc will invest $1.5 billion in Reliance Industries’ Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a massive $10 billion. Jio Platforms, which houses movie, […]

India reports biggest 24-hour rise in virus cases as lockdown eases

MUMBAI – India registered some 6,000 new cases of the novel coronavirus on Friday, the country’s biggest jump in 24 hours, as New Delhi eases a nationwide lockdown and airlines prepare to resume some domestic flights. RELATED COVERAGE What you need to know about the coronavirus right now […]

Beijing may base security agencies in Hong Kong as part of new laws

HONG KONG – A proposal to impose national security laws in Hong Kong could see mainland intelligence agencies set up bases in the global financial hub, raising fears of direct enforcement by Chinese authorities in the city and the prospect of fresh protests. The details were unveiled on […]

Modi offers help to cyclone stricken Kolkata, Bangladesh counts cost

KOLKATA/DHAKA – Prime Minister Narendra Modi, peering down from his aircraft on Friday, saw the devastation and flooding caused by the most powerful cyclone to strike India and Bangladesh in more than a decade, before he landed in the stricken city of Kolkata. Cyclone Amphan killed at least […]

MHA relaxes Visa and Travel restrictions imposed in response to COVID -19,

open view news desk NEW DELHI, MAY 22: Union Ministry of Home Affairs (MHA) has relaxed Visa and Travel restrictions imposed in response to COVID -19, permitting certain categories of Overseas Citizen Of India (OCI) cardholders, who are stranded abroad, to come to India. Following categories of OCI […]

9th Edition of the Status Paper on Government Debt

open view news desk NEW DELHI, MAY 22: The Central Government today released the Ninth Edition of the Status Paper on the Government Debt, which provides a detailed analysis of the Overall Debt Position of the Government of India. The Central Government has been bringing-out a Status Paper […]

RBI announces nine additional measures for strengthening the Economy

Cuts interest rates, extends moratorium by another 3 months Exporters and Importers get More Liquidity Domestic Economy to contract in 2020-21, revive gradually in the second half: RBI Governor “It is when the horizon is the darkest and human reason is beaten down to the ground that faith […]

RBI ramps up economic support; cuts interest rates, extends loan moratorium

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support the economy which is likely to contract for the first time in over four decades. The benchmark […]

COVID-19 death toll climbs to 3,583 in India

New Delhi, May 22:  The death toll due to COVID-19 rose to 3,583, while the number of cases climbed to 1,18,447 in the country, registering an increase of 148 deaths and 6,088 cases since Thursday 8 am, according to the Union Health Ministry. The number of active COVID-19 […]

Virus pushes Pakistan’s transgender dancers out of their homes

Before the virus shutdown, dancer Adnan Ali had carved out a comfortable living performing at parties for newlyweds and newborns, avoiding the financial hardship faced by many in Pakistan’s transgender community. But the closure of wedding halls and scrapped celebrations where she would twist and twirl in front […]

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