Malaysia to Spend $190 Million to Improve Aircraft Tracking
KUALA LUMPUR, Malaysia—Malaysia plans to spend 700 million ringgit ($190 million) to upgrade its civilian radar systems, the country’s transport minister said Saturday, ahead of the first anniversary of the disappearance of Malaysia Airlines Flight 370. The government hopes to invite tenders... read more »
Narendra Modi govt, RBI heading for potential clash over who decides rates
Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, the Narendra Modi government and the Reserve Bank of India (RBI) remain at odds over how crucial decisions are made. Both sides support the setting up of a Monetary Policy Committee, as first... read more »
Day 3: Telecom spectrum sale fetches government Rs 77,000 crore
The telecom spectrum auction, with the eight companies in the fray, received bids worth Rs 77,000 crore at the end of the 17th round on day three of the e-auction, the government said on Friday. “Seventeenth round was completed with Rs 77,000 crore commitment today (Friday),” the... read more »
Samsung In Talks To Set Up New Factory In India
South Korean technology giant Samsung Electronics Co Ltd is in talks with Indian states about building a third manufacturing plant in the country. “While we are in talks with the state governments, nothing has been decided,” Samsung said in a statement. It didn’t say how much it... read more »
