India calls in private sector to operate its trains

Mumbai: Indian Railways, the world’s fourth-largest network, is seeking investments from private firms to operate passenger trains for the first time – an initiative that could potentially revamp a notoriously inefficient system. The Ministry of Railways asked companies to submit their interest to run passenger trains over 109 origin-destination routes via 151 trains. The project […]

COVID-19 impact: IMF sees Asia’s pain persisting as virus curbs limit recovery

Washington: Asia’s loss of economic output due to the deadly coronavirus will likely persist until 2022, according to the International Monetary Fund. The assessment is a warning about the prospects for a global recovery after the pandemic tipped the world economy into its worst collapse since the Great Depression. The Asia region contributed about 68% […]

LuLu Money rolls out remittance offer for Healthcare workers

LuLu Exchange- a leading remittances and currency exchange player in the UAE, has rolled out a special scheme as a tribute to the country’s healthcare workers fighting the Covid-19 pandemic. Under the scheme, doctors and nurses working in hospitals and clinics in the UAE will be granted special privilege to remit money for free without […]