By Anjan Roy China is riding the crest of its economic success currently. It has taken one more step to make its currency globally traded and thus acceptable. China has announced what is known as the Hong Kong-Shanghai Stocks Connect from November 17. This in effect means off shore trading in the Chinese currency for purchase of stocks in Hong Kong and Shanghai exchanges. Earlier, […]
By S Sethuraman A Free Trade Area of the Asia-Pacific (FTAAP), by no means a new concept, was successfully pushed by Chinese President Xi Jinping at the APEC Summit in Beijing on November 11, projecting it as ‘historic’, in a move aimed at countering US-dominant trade moves in the region. The 21-member APEC, of Pacific rim nations, including the United States, China and Japan, now […]
By Upendra Prasad The emergence of Narendra Modi as the Prime Minister and a national leader has changed the contours of Indian politics and it is a time of repositioning for the leaders of other parties to maintain their clout and relevance in the changed political scenario. Leaders of Hindi heartland of Uttar Pradesh, Bihar and Haryana are among those, who find themselves to be in wilderness […]
By G. Srinivasan It is no doubt the flavor of the season to wrest the best benefits by domestic export constituencies with the new five-year Foreign Trade Policy for 2014-19 continuing to be work in progress even a few months past its due date of announcement. The National Democratic Alliance (NDA) led by the BJP can bolster India’s leather industry both for its export potentials in general […]
From L.S. Herdenia BHOPAL: More than three thousand persons will reach Bhopal on December 4, 2014. They will be part of a “Nation-wide Yatra”, which has commenced from November 2. These yatras have started from states in the north-east, south, east, west and north parts of the country. After passing through various states, they will reach Bhopal on December 4 to coincide with the 30th anniversary of […]
By Sankar Ray The grim battle waged by a small but well=meaning section in Pakistan for a sustaining and evolving democratic order has suffered a setback as some pseudo-democratic interests are working against the struggle for democracy. Needless to say, the Pakistan Tehreek-e-Insaf (PTI) and its chief Imran Khan serve as catalyst in favour of the unholy combine of a section of army, the ISI and […]
By Amulya Ganguli The losers have banded together again. Their perseverance is admirable considering that repeated failures of the so-called Third Front or Janata experiment of constituting a non-Congress, non-BJP outfit haven’t dissuaded them. Probably, the success of the first memorable effort in 1977 which saved democracy in India continues to motivate them. As a result, whenever there is a low ebb in the political […]
By Harihar Swarup Another round of crucial Assembly elections are round the corner. While the polls are due in Jammu and Kashmir and Jharkhand in December, in Delhi, where state assembly has been dissolved, the election is slated to be held in January. Doubtless, election in Jammu and Kashmir is of vital importance in the changed scenario. Both the ruling National Conference and the Congress are […]
From Ashis Biswas KOLKATA: Under severe political pressure and feeling vulnerable, Trinamool Congress (TMC) leader Mamata Banerjee has reacted characteristically, by going on the offensive against the Bharatiya Janata Party (BJP). During the last few weeks, Ms Banerjee, as the Chief Minister of West Bengal, has been keeping away from the media. Her leadership and the role of her party, in the multi-crore Saradha chit […]
By Ashok B Sharma In a situation where economies are seeking integration with neighbours in the form of institutional grouping, India has made attempts for engagement with the ASEAN bloc primarily for trade and integration of the economy, more particularly to derive benefit for its remote north-eastern region. But this has not been realised in full potential due to poor land route connectivity despite inking of free […]
By P. Sreekumaran THIRUVANANTHAPURAM: Stunning disclosures by a member of the Bar Owners’ Association against State Finance Minister and Kerala Congress (M) president, K. M. Mani, has left the Congress-led United Democratic Front (UDF) government in dire straits. The Government was plunged into a crisis when working president of the Bar Owners’ Association, Biju Ramesh, made the shocking revelation that Mani demanded a bribe of […]
NEW DELHI: HDFC Bank will not be able to raise much money by way of foreign investment even as the Foreign Investment Promotion Board (FIPB) on Friday regularised its current overseas investment structure. That is because the board turned down the bank’s plea to not treat the promoter stake as foreign investment. Besides, the bank will also have to deposit a penalty as it was in the […]
Mumbai: The finance ministry will meet chief executives of public sector banks on November 20 to take stock of the progress made under the Prime Minister’s Jan Dhan Yojana (PMJDY). There will also be a review of the performance of the lenders. Hasmukh Adhia, the newly appointed secretary of financial services, who took charge on November 8, will chair the meeting. Adhia, a Gujarat-cadre IAS officer of […]
NEW DELHI: Less than a day after Delhi Electricity Regulatory Commission (DERC) announced a hike in consumer power tariff through power purchase adjustment charges (PPAC), it withdrew the order. This is the first time a tariff order has been withdrawn in Delhi since DERC was constituted in 2001. While the regulator said the order stands withdrawn till it receives complete information from various power generators on fuel […]
NEW DELHI: After cementing trade ties with China, energy-rich Russia is now looking to strengthen its relationship with India by reviving discussions on a hydrocarbon pipeline, in addition to inviting ONGC Videsh (OVL) to invest in oil and gas projects in the Russian Federation. India and Russia have decided to form a joint working group to study laying a ‘hydrocarbon’ pipeline connecting the nations. Preliminary discussions […]
NEW DELHI: Eyeing joint-production of military and civilian items with a foreign partner, India and Russia could clinch deals on co-production of mid-range civilian aircraft as well as military helicopters during President Vladimir Putin’s trip to Delhi on December 11-12. During Putin’s maiden visit to Delhi for the annual summit after Modi became the Prime Minister the two sides might agree on joint production of the […]
India on Thursday achieved a major victory with the US agreeing to its proposal on food security issues at WTO, a development that will pave the way for a breakthrough to end the three-month long stalemate. The agreement comes two days ahead of the G-20 Summit in Australia, which will be attended by Prime Minister Narendra Modi and other world leaders including the US President Barack Obama. […]
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OCI NV hired Barclays Plc and Bank of America Corp. to advise on the listing of its construction business in the United Arab Emirates and Egypt, according to two people with knowledge of the matter. The company, controlled by billionaire Nassef Sawiris, is also working with Egyptian investment bank EFG-Hermes Holding SAE, the people said, asking not to be identified as the information is private. The company […]
|By TAP Staff| Amanat Holdings announced that its AED 1.375 billion Initial Public Offering (IPO) was nearly 10 times oversubscribed. The integrated healthcare and education company collected more than AED 13.6 billion in total during its 16-day IPO. The company said shares have been allocated proportionately to subscribers and excess funds are due to be returned to investors on November 11, 2014. Amanat is scheduled to list […]
A view of the Dome of the Rock, which along with Al Aqsa Mosque is on the site in Jerusalem known as the Noble Sanctuary to Muslims and Temple Mount to Jews. By JODI RUDOREN November 6, 2014 JERUSALEM — One cartoon circulating on social networks on Thursday depicted a car as the barrel of an automatic weapon, captioned in Arabic, “Revolt and resist, even by your car.” Another […]
By S. Sethuraman Republicans, whose obstructionist role for six years, made life too tough for President Obama to push ahead with a liberal inclusive agenda and reshape the economic system, have now gained full control of the Congress, with a decisive majority in the powerful 100-member Senate while reinforcing their dominant strength in the 435-member House of Representatives. In effect, Mr Obama, who has still […]
By Nora Chopra Rahul Gandhi is now de facto president of the Congress party. The Congress president Sonia Gandhi has for all practical purposes already handed over the charge of the organisation to her son Rahul Gandhi. Rahul Gandhi last week presided over of series of meetings held at 24 Akbar Road and attended by senior leaders comprising party general secretaries, ex ministers as well as PCC […]
NEW DELHI: Suresh Prabhu is set to play a key role in drafting policy on natural resources and infrastructure in the Narendra Modi government. The Shiv Sena member has been given an office in South Block, where the Prime Minister’s Office is located, and is expected to be given cabinet rank. Prabhu is also expected to look after the organisation that will succeed the Planning Commission […]
