Corporate governance standards at PSBs better

Emphasising that corporate governance standards being followed by public sector banks are much better than ever before, Finance Minister Piyush Goyal said the government has stopped the “phone-call thing” coming in from Delhi to the banks. In an apparent dig at the previous UPA regime, Mr. Goyal said that not …

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Asian nations slam U.S.-China trade war

Asian countries have voiced concern about the potentially devastating impact of a U.S.-China trade war, with Ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States. Fear that a simmering trade spat between the world’s top two economies could spiral into a …

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Turning the spotlight on industries

“National tragedy.” That is how Finance Minister Mangala Samaraweera described the problem of prevalent household indebtedness in Sri Lanka, when he recently announced the government’s decision to write off debt of LKR 1 lakh or less, incurred by 75,000 women in 12 drought-affected districts across the country. The move, aimed …

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N. Korea flouted UN sanctions: report

North Korea has pressed ahead with its nuclear and missile programmes and continues to evade UN sanctions through increased illegal ship-to-ship transfers of oil products at sea, a UN report said on Friday. In a 62-page report sent to the Security Council, the UN panel of experts also listed violations …

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