For Chinese, Pope Seems Worlds Away in South Korea
BEIJING — Pu Ge sat on a green bench outside Beijing’s oldest Catholic cathedral and stared at the ornate gray edifice, contemplating God and his shepherd. She said she had thought that Pope Francis would stop in China during his current trip to Asia. “I thought he would visit a church here... read more »
BEST’s power monopoly ends, Tata enters Mumbai
MUMBAI: BEST’s power monopoly finally came to an end on Friday. Tata Power Company (TPC) has now been granted a distribution licence in Mumbai for the next 25 years, and it will now set foot in the island city—giving residential consumers a chance to switch to cheaper power. This could... read more »
Forex reserves fall $643 mn
The country’s foreign exchange reserves fell by $643.3 million for the week ended August 8 to $319.35 billion, shows Reserve Bank of India data released on Friday. Foreign currency assets fell by $646.7 million to $292.05 billion.Gold reserves remained unchanged during the week at $21.17... read more »
Delivery, infrastructure key for Jan Dhan Yojana success
The success of the Jan Dhan Yojana announced by Prime Minister Narendra Modi would depend on how fast financial service providers improve their delivery, financial sector executives said. The scheme aims to help the poor open bank accounts with a debit card and an accident insurance of Rs 1... read more »
