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India
Adani gets Queensland backing for Australian coal project
Parliament in the Australian state of Queensland agreed that Adani Enterprises should be granted "all state government approvals" to build one of the world's biggest coal mines. The $7.45 billion project in the undeveloped Galilee Basin has been delayed by challenges from environmental campaigners.
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India
India’s February trade deficit narrows to lowest since September 2013
India's trade deficit narrowed in February to its lowest since September 2013 as exports contracted at a slower pace, with demand remaining weak from Europe. India has been struggling with weak global demand although the blow has been softened by a collapse in its oil import bill.
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India
Government rules out loan waiver to sugar mills
The Centre has ruled out loan waiver to sugar mills though their dues to sugarcane farmers have hit Rs 15,893 crore. Due to surplus output in the last 4 years, liquidity of the mills have been affected leading to accumulation of cane price arrears of the farmers, food minister Ram ...
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India
Air India announces its summer schedule
National carrier Air India announced its summer schedule on Tuesday with increased frequencies and new routes like a daily flight connecting Mumbai and Bhopal. The summer schedule will begin from March 27.
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Nigeria
Nigeria’s state oil firm ‘withheld’ $16.2 billion in 2014
Nigeria's state-run oil firm withheld some $16.2 billion from the sale of crude oil in 2014, according to a government report from auditor general. A total of $235.7 million made from gas sales was also not paid to the government but "transferred to some undisclosed escrow accounts", the audit said
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India
After Pfizer, Delhi HC grants relief to Abbott and Macleods
Pharma majors Abbott Healthcare and Macleods Pharmaceuticals got interim relief from the Delhi high court which stayed till March 21 the government's decision banning sale of certain combination medicines of the two companies.
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India
Sensex retreats from 6-week high, slides 253 points
Market benchmark Sensex slipped from its six-week high by plunging 253.11 points to 24,551.17 while NSE Nifty cracked below the 7,500-mark on profit-booking in healthcare and FMCG stocks amid weak global cues.
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India
Motor premiums: Pay As You Drive is yet to take off
Indian IT companies like TCS, Infosys, Tech Mahindra, Harman India are providing an IT backbone for global insurers in delivering telematics solutions for bringing out “Pay As You Drive“ premiums for motor insurance policies.
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India
Centre reviews coastal regulation zone policy
The government is reviewing the Coastal Regulation Zone notification to benefit the people living along coastlines, the Lok Sabha was informed on Tuesday. Congress MP from Kerala K C Venugopal said people living along the coastlines are facing hardship due to the existing CRZ policy.
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India
"Prominent" people hiding taxable income: Jaitley
Many prominent people are being probed for allegedly concealing taxable income as agricultural earnings, finance minister Arun Jaitley said and told the opposition not to term it as political victimization if their names come out. Agricultural income is exempt from income tax.