Donald Trump signs coronavirus relief orders extending economic relief for Americans
The four measures marked a presidential show of strength after Trump's Republican party and White House team failed to agree with opposition Democrats in Congress on a new stimulus package aimed at stopping vulnerable Americans from falling through the cracks. With double digit unemployment, disruption to businesses from social distancing rules, and persistent coronavirus spread, many Americans had been relying on relief measures.
IHH to continue to execute Fortis plan: Koji Nagatomi, India Chairperson Mitsui
IHH Healthcare Berhad’s acquisition of Fortis Healthcare has ...
Pentagon awards United Launch Alliance, SpaceX $653 million in combined launch contracts
The contracts are for launch service orders beginnin...
Donald Trump’s orders on WeChat and TikTok are uncertain. That may be the point.
Citing national security concerns, the Trump administration announced that it would bar people and property within U.S. jurisdictions from carrying out “transactions” with WeChat and TikTok, the two Chinese-owned apps, after 45 days.
Art of giving: Non-billionaire Indians pledge to give 50% of their wealth in charity
The promise is only to give the majority of their wealth to philanthropic causes either during their lifetime or in their will. It is not legally binding but there is moral accountability to one’s self and to each other.
Centre may take up Trump's foreign medicines restrictions during FTA talks, downplays impact
US President Donald Trump has signed an executive order that requires Washington to develop a list of essential medicines and buy them as well as medical supplies from American companies instead of from foreign countries like China.
Sale of used cars in top gear in India amid coronavirus pandemic
Pandemic is only the latest blow; the headwinds have been gathering for the industry for a while. In 2019-20, passenger vehicles sales dipped by 18%, from 3.2 million in 2018-19 to touch 2.78 million. The future looks grim — in 2020-21, CRISIL forecasts that passenger vehicle sales will dip by 25% to touch 2.1 million. In this plethora of bad news, pre-owned or used car market is emerging as a silver lining.
Meghalaya approves policy on seat reservation for women in village employment councils
The policy entails, position of the Secretary of VEC will be reserved for women members in all VECs on a rotational basis. Adult women who are active community workers with leadership qualities can contest for this post. Position of Chairperson will be reserved for women in VECs where the posts of Chairperson is not held by the traditional heads which will also be on rotation basis.
India remains 2021 Men’s T20 World Cup host, Women’s ODI World Cup postponed to 2022
ICC confirmed that the T20 World Cup 2020 that was postponed due to COVID-19 will be held in Australia in 2022. India will host the T20 World Cup 2021 as planned.
RBI’s move to restructure MSME loans step in the right direction, but does not go far enough
The heart of the matter is not liquidity but demand revival as that is what will translate to normalcy eventually.
President Trump issues order that could see TikTok banned, if ByteDance doesn't sell in 45 days
The app may be used for disinformation campaigns that benefit the Chinese Communist Party and the United States "must take aggressive action against the owners of TikTok to protect our national security," Trump said in the order.
AAI defers decision to put SpiceJet on cash and carry mode
Airlines usually pay monthly charges to airport operators. Under the cash and carry mode, carriers have to make payments on a daily basis to avail services for their flights. "The Airports Authority of India (has) deferred its decision to put SpiceJet on cash and carry. We continue to have normal operations at all AAI-run airports as before without any impediments," the airline spokesperson said.
Donald Trump wants to deliver acceptance speech at White House. Critics say it's illegal
Trump says the idea is well within the law. "It is legal. There is no Hatch Act because it doesn't pertain to the president," Trump said Wednesday. While the president is exempt from the act, ethics experts said, presidential staffers working to pull off the event would be in jeopardy.
Looking at fund raising opportunities, AGR ruling to decide quantum: Voda Idea
The loss-making operator has started a restructuring drive to help save Rs 4,000 crore on an annualised basis over next 18 months.
Industry, market players and experts welcome Reserve Bank of India announcements
Industry is encouraged by the RBI's decision to provide a window under the Prudential Framework to enable lenders to implement a resolution plan in respect of their corporate exposures, with the necessary caveats in place, the CII said in a statement.