COVID-19 response: Coal monopoly gone; defence, space sectors opened up in India

New Delhi:  In a mega push to boost mining, defence, civil aviation and power distribution sectors, Finance Minister Nirmala Sitharaman, here on Saturday, announced deep structural reforms under the Rs 20 lakh crore ($265 billion) economic package for the ‘self-reliant India’ programme, announced by Prime Minister Narendra Modi recently. The Minister detailed makeover initiatives for […]

Dubai denies news report about mergers

Dubai: The Government of Dubai denies media reports it is in talks with Abu Dhabi on merging the assets of the two emirates, according to a Dubai Media statement late on Friday. The Dubai Government urges media outlets to verify the accuracy of information and the credibility and trustworthiness of its sources before publishing such […]

India: Private players welcome to space, defense, nuclear power and other key sectors

Delhi: In a press briefing on Saturday, the Indian Finance Minsiter Nirmala Sitharaman outlined a set of financial changes planned for the Indian economy in various sectors. ‘Encouraging the private sector’ was the recurrent phrase of the conference with key sectors being opened to direct private investments. One of the key sectors discussed was the […]