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Indian PM rules out privatisation of railways

Indian PM rules out privatisation of railways

The railways cost the government around $5 billion a year in subsidies and spend 94 per cent of revenues on operating costs.

China to relax rules for foreign companies in FTZs

China to relax rules for foreign companies in FTZs

China will create three new free trade zones modelled on one established a year ago in Shanghai.

Russia makes progress in quelling financial crisis: Minister

Russia makes progress in quelling financial crisis: Minister

The ruble has seen a 47 per cent rebound since it plunged to a record-low 80.10 per dollar on December 16.

State to put financial muscle behind Chinese firms “going global”

State to put financial muscle behind Chinese firms “going global”

Beijing will increase financial support for Chinese companies investing and operating overseas, a Cabinet meet decided.

Indian PM orders insurance and coal reforms

Indian PM orders insurance and coal reforms

The legislations could not be passed in the Indian Parliament’s winter session that went into a recess on Tuesday.

India slashes health budget by 20%

India slashes health budget by 20%

Apart from being lowest among BRICS, India’s health expenditure is lower than military expenditure.

China enlists Egypt’s backing for Silk Road

China enlists Egypt’s backing for Silk Road

China stressed its position of “opposing external forces' attempt to interfere in Egypt's internal affairs in any name”.

China-backed $50 bn Nicaragua Canal project launched

China-backed $50 bn Nicaragua Canal project launched

The environmental impact study of the project is expected to be completed by the end of the first quarter of 2015.

China, Russia oppose UNSC meet on N.Korea human rights

China, Russia oppose UNSC meet on N.Korea human rights

The report discussed on Monday recommends referring North Korea and its leader Kim Jong Un to the International Criminal Court.

Gazprom gas exports to EU down 9% from 2013

Gazprom gas exports to EU down 9% from 2013

More than a quarter of the EU’s total gas needs were met by Russian gas, and some 80 per cent of it came via Ukrainian pipelines.