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Govt may allow Indian companies to list overseas soon
Thehindubusinessline: The government is likely to soon decide on permitting Indian companies to list their equity shares overseas, according to an official.
Apart from providing an additional fundraising avenue for the corporates looking to expand and boost their business activities, the overseas listing of shares would also help in bringing more capital into the country.
The official said many companies are interested in listing their equity shares in foreign countries.
Currently, quite a few Indian companies have American Depository Receipts (ADRs) that are traded in the US. Some other corporates have their Global Depository Receipts (GDRs).
CPI REPORT ON PAKISTAN MISINTERPRETED, DOESN’T IMPLY INCREASE IN CORRUPTION: TI
Newsone: Transparency International (TI) has clarified that its Corruption Perceptions Index (CPI) report 2019 on Pakistan has been misinterpreted and it is a move to defame the country, media reported on Sunday.
Transparency International stated that the media and some politicians misreported the findings of the report and highlighted false data and figures.
It added the report does not state that corruption has increased in Pakistan. The watchdog mentioned that a slip of Pakistan’s ranking on global corruption perception index does not represent an increase or decrease in corruption.
On January 23, 2020, Transparency International issued a global ranking which showed that Pakistan slipped three spots from the previous year’s place despite increased anti-corruption efforts.
Pakistan has been ranked 120 out of 180 countries on the Corruption Perceptions Index (CPI) 2019.
WORLD NOW ACKNOWLEDGING MODI’S FASCIST IDEOLOGY BEING IMPOSED IN IOK, INDIA: PM IMRAN
Newsone: Prime Minister Imran Khan on Saturday said that the world is now acknowledging the anti-democratic and fascist ideology being imposed in occupied Kashmir and in India.
In a tweet, featuring the cover of London-based magazine ‘The Economist’, the prime minister said, “The world is now acknowledging the anti-democratic and fascist ideology being imposed in IOJK and in India.”
He said that the fascist ideology of Indian Prime Minister Narendra Modi was the biggest threat to regional peace and stability.
He also pointed out that already eight million Kashmiris and Muslims in India were suffering because of Modi’s fascist policies.
An article which appeared in the weekly magazine read that the Modi-led Bharatiya Janata Party (BJP) government in India had “stoked divisions in the world’s biggest democracy.”
India's Republic Day celebrations marked with protests, blasts
TheExpressTribue: Hundreds of thousands of Indians protested across the country on Sunday against a citizenship bill that many fear is discriminatory against the minority Muslim community.
The protests, which began last month, gathered fresh momentum as India celebrated Republic Day, in commemoration of the day the Indian constitution came into effect.
In the southern state of Kerala, organisers said more than a hundred thousand people formed a human chain. It was followed by public meetings at over 250 places across the state.
"It was not a mere human chain, but a human wall against the violation of the principles of the Constitution," said Kerala's Chief Minister Pinarayi Vijayan, addressing a public meeting in the state capital of Thiruvananthapuram. Another human chain spread over 11 kilometres was also formed in Kolkata, organisers said.
Pakistan summons Indian diplomat over truce breaches
Pakistan has summoned a senior diplomat at the foreign ministry to register “strong protest” over unabated violations of the 2003 ceasefire agreement by Indian border guards along the heavily-miltarised Line of Control (LoC).
“A senior diplomat from the High Commission of India was summoned to the Foreign Office, today, to register Pakistan’s strong protest at the ceasefire violations by Indian occupation forces along the Line of Control (LoC), resulting in serious injuries to an innocent civilian lady,” a spokesperson for the Foreign Office said in a statement on Saturday
Canadians revolt against EU trade deal as businesses unearth true cost
Express: CANADIAN industries have threatened to take action against the European Union, after Brussels was accused of "not respecting" the terms laid out in the £50billion trade deal.
Canada has put Brussels on alert, amid concern in the EU that Canada could take action against its prized trade deal. The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada has long been held up as one of the big victories of the European bloc. However, just days before Britain formally quits the EU, Canadian industries have sparked alarm among European businesses.
Canada has accused the EU of “not respecting” the terms laid out in CETA, and of blocking Canadian exports to Europe.
While Europe has seen a huge boost in trade, Canadian agri-business exports to Europe have seen an astonishing 10 percent drop.
Falklands news: Why Islanders will always honour memory of UK veterans ‘Perfect memorial'
Express: AS the 40th anniversary of the Falklands War draws closer, a senior diplomat and native of the remote archipelago has said Islanders will never forget the sacrifice made by UK veterans to preserve their British sovereignty.
And Michael Betts, assistant representative of the Falkland Islands Government, based at Falkland House in Westminster, said the way the thriving British overseas territory is today serves as “the perfect war memorial” for those who lost their lives. Mr Betts, a sixth-generation Islander on his father’s side whose family settled in the Falklands in 1885, was speaking at an event at Falkland House to mark the launch of a new LATAM flight between Sao Paolo in Brazil and Mount Pleasant airport on East Falkland, which had the wider aim of boosting tourism.
Pakistan-Belgium trade rises to €900m
The Express Tribune: Bilateral trade between Pakistan and Belgium has increased to 900 million euros as Pakistan is a key beneficiary of the Generalised System of Preferences (GSP) Plus status that provides its businessmen trade opportunities in Belgium, said Belgian Ambassador Philippe Bronchain.
Meeting a business delegation, led by Rawalpindi Chamber of Commerce and Industry (RCCI) President Saboor Malik, the envoy said Pakistan should take full advantage of Belgium’s unique geographical position in the European Union.
Bronchain emphasised that there should be further interaction between business communities, private sectors and chambers of commerce of the two sides to enhance trade and economic cooperation.
He assured his full cooperation and support for RCCI’s EU Summit and Business Conference in Brussels this year.
He pointed out that Belgium was cooperating with Pakistan in the fields of energy, infrastructure, textile, dairy, poultry and education, adding that a lot of Pakistani products had the potential to find good markets in Belgium.
Modi’s anti-democratic, fascist ideology biggest threat to regional peace: PM
The Express Tribune: Prime Minister Imran Khan on Saturday said the world was acknowledging the anti-democratic and fascist ideology being imposed in Indian Occupied Jammu and Kashmir (IOJ&K) and in mainland India.
In a tweet, featuring the cover of The Economist, the prime minister said the fascist ideology of Indian Prime Minister Narendra Modi was the biggest threat to regional peace and stability.
He also pointed out that already eight million Kashmiris and Muslims in India were suffering because of Modi’s fascist policies.
An article which appeared in the weekly magazine read that Modi-led Bharatiya Janata Party (BJP) government in India had “stoked divisions in the world’s biggest democracy.”
Africa threatened with severe food crisis as locust 'mega-swarms' devour crops
TheTelegraph: The locusts are coming thick and fast as the low-flying aircraft punches through the swarm, leaving khaki-coloured streaks smeared across the plane’s windscreen and obstructing the view outside.
But the pilot - despite travelling at 100 miles per hour - is unfazed. He simply winds down the window of the unpressurised cockpit, reaches his arm outside and wipes away what’s left of the insects with a damp cloth.
