China asks G20 countries to resolutely advance economic globalisation; calls for unity & cooperation

Beijing/New Delhi: Chinese Premier Li Qiang on Saturday underlined the need for unity amongst the G20 members and called for cooperation, inclusion and resolute support for economic globalisation. Li, the number two ranked leader of the ruling Communist Party of China (CPC), is currently in New Delhi, deputing for President Xi Jinping, to attend the annual…

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DGCA gives conditional nod to Air India for simulator training at its Hyderabad, Mumbai facilities

New Delhi: Aviation regulator DGCA has given a conditional approval to Air India for simulator training of pilots at the airline’s facilities in Hyderabad and Mumbai after certain deficiencies were rectified, according to officials. Last month, the watchdog had temporarily suspended simulator training activities at the two facilities due to certain lapses. A senior official at…

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FinMin tightens PMLA rules, brings partners with 10 pc stake under its purview

New Delhi: The finance ministry has tightened the anti-money laundering rules by bringing in partners holding 10 per cent stake in a firm, as against 15 per cent earlier, under the definition of beneficial owners. The ministry has amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, which also provides for management-level functionary as ‘Principal…

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