Noida Authority plans old age home cum orphanage
Noida, March 5 (IANS) The Noida Authority plans to construct an old age home cum orphanage to take care of the elderly and orphaned children under the same roof with an allocation of Rs.300 crore,…
Business
Despite violence, Haryana goes ahead with investors’ summit
By Jaideep Sarin Chandigarh, March 5 (IANS) Putting behind the mindless violence unleashed during the Jat protests for job quotas, Haryana is going ahead with the ‘Happening Haryana Global Investors’ summit to attract investment for…
India’s forex down to $346 bn
Chennai, March 5 (IANS) India’s foreign exchange reserves came down by $3.58 billion to $346.78 billion on February 26, Reserve Bank of India’s (RBI) weekly statistical statement showed. According to the RBI, the total reserves…
China’s defence budget to go up by 7.6 percent
By Gaurav Sharma Beijing, March 5 (IANS) China on Saturday said its defence spending will rise by 7.6 percent in 2016 — the lowest in six years, as it struggles to tide over an economic…
Tibet’s foreign trade down in 2015
Beijing, March 5 (IANS) Tibet’s foreign trade fell by 59.2 percent at 5 billion yuan ($861 million) in 2015, the media reported on Saturday. Exports of the region dropped 71.9 percent to 3 billion yuan,…
China’s defence budget hike a rational move: Xinhua
Beijing, March 5 (IANS) China raising its defence budget is a rational move in favour of economic development, said a commentary in state-run news agency Xinhua on Saturday. The commentary “China’s military spending growth rational,…
Cuba to attract foreign investment without privatisation
Havana, March 5 (IANS) Cuba’s bid to attract foreign investors does not imply “accelerated privatisation” of the national economy, the media reported on Saturday. Deborah Rivas, the head of foreign investment at the ministry of…
China announces 7.6 percent defence budget rise
Beijing, March 5 (IANS) China on Saturday announced the country’s lowest defence budget increase in six years in the wake of rising economic headwinds and last year’s massive drawdown of service people. According to a…
Pakistan orders completion of two hydel projects by June
Islamabad, March 5 (IANS) Pakistan Prime Minister Nawaz Sharif has ordered the completion of two major hydropower projects that will add about 2,380 megawatts of electricity to the national grid before June 2017, the media…
IMF to identify yuan in foreign exchange reserves database
Washington, March 5 (IANS) The International Monetary Fund (IMF) announced it will separately identify the Chinese yuan in its quarterly survey of the composition of foreign exchange reserves (COFER) from October 1. Currently, the currencies…
China to create 10 million jobs in 2016
Beijing, March 5 (IANS) China aims to create at least 10 million new urban jobs and keep the registered urban unemployment rate within 4.5 percent this year, according to a government work report delivered by…
China targets economic growth of 6.5 to 7 percent
Beijing, March 5 (IANS) China targets economic growth rate of 6.5 to 7 percent in 2016, and an average annual growth rate of at least 6.5 percent through 2020, according to a government work report…
China announces 7.6-percent defence budget rise
Beijing, March 5 (IANS) China on Saturday announced the country’s lowest defence budget increase in six years in the wake of rising economic headwinds and last year’s massive drawdown of service people. According to a…
1.29 lakh rural post offices to go digital
New Delhi, March 4 (IANS) As part of its modernisation project, the postal department would digitise 129,323 rural post offices across the country by March 2017, parliament was told on Friday. “The government has approved…
US stocks extend gains after key jobs report
New York, March 5 (IANS) The US stocks traded in a narrow range on Friday, as investors digested the newly-released jobs report for indications of the economic conditions and the course of the US Federal…
US stocks extend gains after key jobs report
New York, March 5 (IANS) The US stocks traded in a narrow range on Friday, as investors digested the newly-released jobs report for indications of the economic conditions and the course of the US Federal…
Gold up on weaker US dollar
Chicago, March 5 (IANS) Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as the US dollar showed weakness. The most active gold contract for April delivery rose $12.5,…
Spanish stock market closes higher
Madrid, March 5 (IANS) The Spanish stock market index Ibex-35 rose 0.5 percent on Friday to close at 8,811 points, up from the 8,767 points of Thursday. Share values were up 5.5 percent in the…
Oil prices gain amid upbeat job data
New York, March 5 (IANS) Oil prices rose on Friday as newly-released jobs US report came out better-than-expected. Total non-farm payroll employment increased by 242,000 in February, topping market expectations, and the unemployment rate was…
US stocks rally after strong jobs report
New York, March 5 (IANS) The US stocks ended higher on Friday after volatile trading, with all three major indices on a four-day winning streak, as investors sifted through the upbeat jobs report for indications…