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FIA opposes centre’s proposal to change international flying norms

The government’s move to relax international flying norms by doing away with the 5/20 rule and revise Route Dispersal Guidelines (RDG) for new airlines has been opposed by the Federation of Indian Airlines (FIA), which represents incumbent airlines. In a letter to G. K. Ashok Kumar, Joint Secretary, Ministry of

World Bank lauds India for reforms

As the global economic scenario remains gloomy, a few countries, including India, have begun undertaking structural reforms, World Bank chief Jim Yong Kim said. Speaking here at the closing session of the five-day World Economic Forum Annual Meeting, the World Bank President said India also stands to benefit from the

Next phase of Jan Dhan to focus on credit, insurance, pension services

The next phase of Pradhan Mantri Jan Dhan Yojana will focus on credit, insurance and pension services, the Prime Minister Narendra Modi has said. This scheme is a financial inclusion programme which has also brought 99.7 per cent of households in the country under banking system. “Well begun is half

German regulator hails EMA’s drugs suspension on GVK Bio

German drug regulator has welcomed the European Medicine Agency’s (EMA) decision to suspend the marketing authorisation of around 700 generic drugs subjected to clinical trials by India’s GVK Biosciences. The move is being seen as the EU’s determination to maintain high ethical and medical standards for approval of medicines. The

A policy menu for Modi-Obama

Speculation abounds about what can be achieved during President Obama’s visit to India, and Secretary of State John Kerry’s recent $500 billion trade vision has raised expectations. Although differences remain—including in the energy and defence sectors—global developments could bring the two countries closer In a remarkable break from tradition, Prime

India-U.S. BIT: not a done deal yet

India is revising the model draft agreement of its existing bilateral investment treaties. Some of the new clauses are unlikely to be accepted by either U.S. negotiators or U.S. corporations without substantial dilution U.S. President Barack Obama’s second visit to India has resurrected hopes that the two countries will revive

Opposition in no position

There is little by way of constructive, credible opposition, thereby sapping our democracy of a fundamental tenet.In its current shape, the opposition space in Indian politics seems at one of its lowest ebbs. The Opposition today comprises three elements – Congress, India’s grand old political party; the cow-belt socialists’ group

India-Russia ties: Strategic cooperation to transactional alliance

The attention of the nation is focussed on President Obama’s visit as the chief guest for this year’s Republic Day parade since the announcement was made. In the bargain, the recent visit by President Vladimir Putin of Russia has not been given the important it merits.President Putin met with Prime