Business

Jammu, Jan 24 (PTI) The Jammu and Kashmir administration on Friday directed officers to close all official accounts in banks other than the J&K Bank by January 31 or face stern disciplinary action.

The J&K administration had last year issued a direction to accounts officers and drawing and disbursing (DDOs) asking them to open official accounts only in J&K Bank.

The J&K Bank is the official bank of the union territory of Jammu and Kashmir.

DAVOS, Jan 24 (NNN-AGENCIES) — US Treasury Secretary Steven Mnuchin said that the United States would consider imposing tariffs on cars made in the United Kingdom if the country moves ahead with a tax on digital services.

Mnuchin said at the World Economic Forum in Davos, Switzerland that the United States regards digital services taxes such as the one imposed by France, and being planned by the United Kingdom and Italy, as being unfair to American tech companies.

Pune, Jan 22 (PTI) Congress leader Prithviraj Chavan claimed on Wednesday that pre-Budget meetings are being held at the Prime Minister's Office (PMO) but Finance Minister Nirmala Sitharaman is not being invited.

If Prime Minister Narendra Modi was not happy with Sitharaman's performance, he should ask her to resign, the former Maharashtra chief minister said here.

Jaipur, Jan 23 (PTI) Lauding the efforts of students and common people who have been protesting against the contentious Citizenship Amendment Act (CAA), actor Nandita Das said on Thursday that more places like Shaheen Bagh are coming up across the country.

Das also exhorted people to speak up against the CAA and the National Register of Citizens (NRC).

KUALA LUMPUR, Jan 23 (NNN-BERNAMA) — Malaysia has moved up 10 notches to the 51st spot among 180 countries in the Transparency International Corruption Perceptions Index for 2019.

Transparency International Malaysia (TI-M) president Dr Muhammad Mohan said Malaysia’s score also improved to 53 out of 100 points on the CPI survey, an improvement from the 47 points it obtained the previous year. 

TUNIS, Jan 23 (NNN-Xinhua) — Tunisia and India on Wednesday signed a memorandum of understanding to set up an information and communications technology (ICT) innovation center.

The MoU was signed by acting Tunisian Foreign Minister Sabri Bachtobji and visiting Indian Foreign Minister Subrahmanyam Jaishankar.

The two officials discussed various aspects of Tunisian-Indian cooperation as well as a host of regional and international issues of common interest, according to a ministry statement.

LONDON, Jan 23 (NNN-AGENCIES) — After years of acrimonious debate, British lawmakers on Wednesday finally approved the terms of their country’s historic departure from the European Union — due in just nine days time.

MPs in the lower House of Commons had already backed the EU Withdrawal Agreement Bill, which ratifies the divorce deal that Prime Minister Boris Johnson struck with Brussels last year.

But the unelected upper House of Lords made some changes this week, including on the rights of EU citizens and child refugees after Brexit.

AMMAN, Jan 23 (NNN-KUNA) – Kuwaiti investor, Sheikh Meshal Al Sabah, announced a project to build a major oil refinery in the south of Jordan.

He made the announcement in Amman, saying, the production at the petroleum refinery in Maan Governorate, is set to begin in the second half of 2024.

The new investment, which obtained initial approval from Jordan’s Ministry of Energy on Tuesday, is divided into two sub-projects, he added.

It is a joint project by Jordanian, Kuwaiti and U.S. investors, according to Sabah news.

22 Jan 2019; MEMO: The US Embassy in Libya yesterday called to “immediately resume” oil production after forces loyal to renegade General Khalifa Haftar shut down major oil fields and pipelines.

“We are deeply concerned that the suspension of National Oil Corporation (NOC) operations risks exacerbating the humanitarian emergency in Libya and inflicting further needless suffering on the Libyan people. NOC operations should resume immediately,” the US embassy said on Twitter.

TEL AVIV (Reuters) - Boeing Co (BA.N) said on Wednesday it has agreed with Israel-based Tactical Robotics to explore development of a ducted fan propulsion technology with potential uses for piloted and autonomous light aircraft.

Financial details were not disclosed.

Through a joint working group, the two companies will determine what opportunities may exist in developing, producing and marketing vertical takeoff and landing (VTOL) products including Tactical Robotics’ own Cormorant autonomous vehicle.