The Trump administration plan calls for six new air traffic control centers, along with technology and communications upgrades over the next three years.
The Trump administration is promising to fix the nationwide shortage of air traffic controllers after recent control tower mishaps and a string of crashes earlier this year.
The central bank Thursday eased rules for foreign portfolio investors (FPI) to buy local corporate bonds by lifting caps on short-term debt investment limits at a time rate differentials between India and the US are at the narrowest in recent memory.
Crisil Ratings has placed IndusInd Bank's long-term debt instruments under rating watch with negative implications, following key managerial resignations and a review of its microfinance business. Concerns over internal financial controls and the impact on profitability are being closely monitored. The agency awaits clarity on the MFI discrepancies and their potential impact on the bank's operations.
Russian President Vladimir Putin said he had "productive" talks with Xi Jinping in Moscow on Thursday, addressing the Chinese leader as his "dear friend".
