Business

LONDON (AP) — Two British Cabinet ministers, including Brexit Secretary Dominic Raab, resigned Thursday in opposition to the divorce deal struck by Prime Minister Theresa May with the EU — a major blow to her authority and her ability to get the deal through Parliament.

As pro-Brexit Conservatives called for a no-confidence vote in their leader, a defiant May insisted Brexit meant making “the right choices, not the easy ones” and urged lawmakers to support the deal “in the national interest.”

New Delhi, Nov 14 (PTI) The government and Reserve Bank seem to be veering around to reach an agreeable solution particulary with respect of relaxation of the Prompt Corrective Action (PCA) framework and easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources said.

If not in this board meeting, sources said, the issue of relaxation of PCA framework which the finance ministry has been pitching for would be reached in the next few weeks.

New Delhi, Nov 15 (PTI) Delhi has finally got a full-time real estate regulator under RERA with Lt Governor Anil Baijal appointing retired IAS officer Vijay S Madan to the post.

Until now, the Delhi Development Authority (DDA) vice-chairman was the interim regulator under the Real Estate Regulatory Act (RERA), 2016.

Delhi has already notified provisions of RERA which protects the interest of home-buyers.

KANPUR: Though flights have started at Chakeri airport for different destinations, there is lack of adequate facilities for the passengers, for example, a permanent waiting room does not exist at the airport.

The German hanger even lacks proper safety measures. Set up in about 450 sq metres area, this temporary space is currently used as passengers’ arrival hall. As many as 225 passengers can stay at this hired hanger.

KANPUR:  Spread across130 hectares of land, the mega leather cluster will be set up in Sen Purabpara of Vidhnoo village.

As many as 64.012 hectares of land will be bought from 128 farmers. Remaining 66 hectares belongs to the Gram Samaj that will be acquired by the state government. A sum of Rs 848 crores will be spent. The process of acquisition of land will begin in December, said Sanjay Chauhan, ADM (Finance).

New Delhi, Nov 14 (PTI) The Supreme Court Wednesday commenced its crucial hearing on pleas seeking a court-monitored probe into the procurement of 36 Rafale fighter jets from France.

A bench comprising Chief Justice Ranjan Gogoi and justices S K Kaul and K M Joseph is also likely to peruse the pricing details of the jets submitted by the government in a sealed cover.

New Delhi, Nov 14 (PTI) Inflation based on wholesale prices rose to a four-month high of 5.28 per cent in October, mainly due to spike in petrol and diesel prices, even as food prices softened.

The Wholesale Price Index (WPI)-based inflation stood at 5.13 per cent in September and 3.68 per cent in October last year.

According to the government data released Wednesday, food articles witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent September.

14 Nov 2018; AFP: China is touting itself as the new defender of global commerce as it works with Asia-Pacific leaders to hammer out the world's largest trade deal -- with the United States relegated to the sidelines.

World leaders gathered in Singapore this week for a summit where a massive Beijing-backed agreement covering half the world's population has dominated discussions.

SINGAPORE (AP) — Leaders from Southeast Asia, China and other neighboring countries met in Singapore on Wednesday and cited progress on keeping peace in the contentious South China Sea as evidence that the region is managing to handle such issues on its own.

Both the Singapore meeting and a summit of the Asia-Pacific Economic Cooperation forum later in the week have drawn China’s leaders, Russian President Vladimir Putin and heads of other regional powers, but not President Donald Trump, who sent Vice President Mike Pence instead.

Singapore, Nov 13 (AFP) US National Security Advisor John Bolton vowed Tuesday to "squeeze" Iran "until the pips squeak", a week after a tough new round of sanctions came into force.

President Donald Trump has dramatically increased pressure on Tehran, withdrawing from an international agreement aimed at ending its nuclear programme and introducing several rounds of unilateral US sanctions.