RBI’s job is to keep inflation low at all times, says Rajan
MUMBAI: Despite the clamour for a rate cut to boost the stagnating economy, Reserve Bank governor Raghuram Rajan has made it clear that the central bank favours a rate of interest that benefits both borrowers and savers. “For the RBI, the key tasks are to keep inflation low not just today... read more »
Israeli aircraft strike Gaza after rocket fire
Israel carried out air strikes in the Gaza Strip on Saturday after Palestinian militants there fired rockets into southern Israel. The overnight air strikes targeted two training camps belonging to the Islamist group Hamas, causing no injuries, officials and witnesses said. Late on Friday, Gaza... read more »
Saudi-led coalition mistakenly kills 15 in Yemen
About 15 pro-government fighters were killed when Saudi-led warplanes shelled their military positions by mistake in Yemen’s oil-rich province of Marib, a military official has said. “A convoy of tribesmen fighting alongside with the Saudi-backed government forces was mistakenly hit by... read more »
For the first time in 70 years, Japan to let troops fight abroad
TOKYO: In a middle-of-the night vote that capped a tumultuous struggle with opposition parties in Parliament, Prime Minister Shinzo Abe of Japan secured final passage of legislation on Saturday authorizing overseas combat missions for his country’s military, overturning a decades-old policy... read more »
Saudi-led coalition forces kill 20 at a wake in Yemen
Saudi-led coalition’s jets killed at least 20 people at a wake in northern Yemen on Sunday, as warplanes pounded Houthis and other forces behind a missile strike that had killed... read more »
OROP: Parrikar says ‘small issues’ will be sorted, Naidu slams Cong
Defence minister Manohar Parrikar has said the “small issues” in the implementation of the one rank one pension (OROP) scheme will be addressed in due course. “OROP as a... read more »
GVK Wins Court Fight Over Australian Coal Mine
Melbourne: Green groups lost a fight to stop billionaire Gina Rinehart and GVK from building a giant coal mine in Australia, as a court on Friday dismissed an appeal against the state of... read more »
ONGC to buy 15% stake in Russia’s 2nd biggest oil field
State-owned Oil and Natural Gas Corp (ONGC) on Friday agreed to buy 15 per cent stake in Russia’s second biggest oil field of Vankor from Rosneft for USD 1.268 billion, its fourth biggest... read more »
Coal scam: former Coal Secretary granted bail
Former Coal Secretary H C Gupta and four others, including a senior public servant, were on Friday granted bail by a Special Court in a coal block allocation scam case. Special CBI Judge Bharat... read more »
