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India
EPFO forms sub-committee for organization, cadre restructuring
EPFO has formed a committee to suggest measures for organizational and cadre restructuring of the retirement-fund body, a move that would create thousands of vacancies. It will examine all issues and aspects related to the restructuring and will give its final report in two-three weeks
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India
Railways to manufacture dual-mode locomotives that run on diesel, electricity
In a first for Indian Railways, diesel locomotives will soon haul trains by drawing power through overhead wires on an electrified route, with the public transporter embarking upon manufacturing dual-mode engines.
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India
'Industrial recovery to be gradual, 2016 GDP growth at 7.8%'
Sharp contraction in factory output is just an "aberration" and underlying industrial growth is still positive, Nomura has said in a research note, adding that the country is expected to clock a GDP growth of 7.8 per cent in 2016.
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Iran
US lifts ban American companies’ units operating in Iran
The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the US treasury department said on Saturday. The move will give US companies the chance of gaining a toehold in Iran.
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Cina
China says its economy grew by around 7% in 2015 services made up half of GDP
China's gross domestic product totaled more than $10 trillion in 2015 and the economy grew by around 7 per cent, with the services sector accounting for half of GDP, Premier Li Keqiang said on Saturday. Consumption contributed nearly 60 per cent of growth, Li said,
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India
WeWork plans India foray very soon, says founder Neumann
WeWork, a New York-based provider of shared office space, is planning to set up a business in India, founder Adam Neumann said at a conference on startup businesses. WeWork is a four-year-old company that provides shared workspaces largely to start-up companies without owning the properties itself.
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Giappone Iran
Multinationals ready to jump in as Iran market opens after sanctions lifted
With global growth moribund, multinational firms have been waiting with bated breath for the lifting of international sanctions against Iran for access to a country in desperate need to modernize. After nearly a decade of limited access to the outside world, many sectors of the Iranian economy need new equipment ...
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Cina Giappone
Xi inaugurates Asian Infrastructure Investment Bank, says China will take more international responsibility
Chinese President Xi Jinping on Saturday inaugurated the Asian Infrastructure Investment Bank, saying China will take more international responsibility with the birth of the new lender. “This is a historic moment,” Xi said, adding that China wants to improve the investment environment and integration in Asia through the 57-member AIIB. ...
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India
Delhi government to run 1,000 AC buses on PPP model
In order to boost the city's public transport system, the Delhi government has decided to run 1,000 new air-conditioned low-foor buses on public-private partnership (PPP) model in the national capital.
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Cina
Mais investimentos entraram na China
O investimento directo estrangeiro (IDE) na China subiu 5,6 por cento em 2015, face ao ano anterior, para 126,3 mil milhões de dólares, à medida que o sector dos serviços se expandiu, contrariando o abrandamento da economia chinesa