The business wrap: IMF says strong India-China partnership vital for world, and 6 other top stories
Other headlines: Jaitley said a policy was on the cards to cut down defence imports, and the Labour Ministry made EPF withdrawals on medical grounds easier.
A look at the headlines in this sector right now:
- Strong partnership between India and China important for the world, says IMF: Deputy Managing Director Tao Zhang further added that they are closely following Donald Trump’s economic policies.
- India working on policy to boost domestic manufacturing of defence equipment, says Arun Jaitley: This will help the country become a manufacturing economy, the defence minister added.
- You can now make EPF withdrawals for medical reasons with a self-declaration: Applicants no longer need to submit a doctor’s certificate or proof of an employer’s approval, according to the Labour Ministry’s latest notification.
- We will keep investing in India’s technology and infrastructure sectors, says Jeff Bezos: The Amazon CEO said the aim was to surpass rival Flipkart.
- Delhi HC gives nod for enforcement of $1.17-billion arbitral award between Tata Sons and NTT Docomo: Tata Sons will transfer of the amount to Docomo while the latter will transfer its shares in Tata Teleservices Ltd to Tata Sons.
- WhatsApp has end-to-end encryption, but dissatisfied customers are free to quit, Facebook tells SC: The firm’s representative said that since the contract with its users was in the private domain, the apex court could not test its privacy policy.
- Paytm to invest Rs 10,000 crore to boost its banking, financial services: The Noida-based firm will pool in the money over the next three years.