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 »
RBI eases norms for home loans for up to Rs 10 lakh
New Delhi: Giving a boost to affordable housing, the RBI on March 6 eased the norms for home loans for up to Rs 10 lakh by allowing banks to include stamp duty and registration charges to the cost of a unit. These charges form around 15 per cent of the cost of the house and place a burden on... read more »
