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The U.S. International Trade Commission voted to investigate allegations that Chinese solar makers were unfairly dumping products and injuring American companies as a result.

The full Planning Commission, led by Prime Minister Manmohan Singh, will meet on Tuesday to review the state of the economy and also consider the approval of the mid-term appraisal of the 11th Plan (2007-12), an official said on Sunday.

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Planning Commission has set growth targets for 2010-11 in the Infrastructure sector including power, roads, railways, ports and airports.

The government on Thursday said it cannot force airlines to pay commission to ticketing agents and it is up to the airlines to take a call on this.

An investment of over $1 trillion is required in the infrastructure sector during the 12th Five Year Plan (2012-2017), Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Tuesday.

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Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, Sunday said it has commissioned a 600 MW unit at the Rajiv Gandhi Khedar Thermal Power Plant (RGKTPP) at Hisar in Haryana.

The China Securities Regulatory Commission is streamlining administrative procedures for domestic companies seeking to raise funds abroad, the commission said on Friday.

"The global biodegradable cutlery market size is expected to reach USD 50.7 million by 2025, expanding at a CAGR of 5.9% over the forecast period. Implementation of stringent regulations pertaining to non-biodegradable plastic across the globe is a primary factor likely to drive the market over the forecast period. Most of the countries around the world are banning plastic usage in any form as it has become one of the prominent global issues. According to a press release by the European Commission in December 2018, the European Parliament and the Council of the European Union have framed polices and rules to reduce marine litter through ban on single use plastics. In addition, in 2015, the European Commission has proposed a Plastic Bags Directive to regulate and restrict the usage of plastic bags."

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ISLAMABAD: The government on Monday approved, in principle, the New Gwadar International Airport project at a cost of Rs55.4 billion, about 147% higher than the first revision, and also sanctioned a reduction in the scope of an important Gwadar road scheme. The decisions were taken by the Central Development Working Party (CDWP) - a body having the mandate to scrutinize and approve development schemes and refer the mega ones for final ratification of the Executive Committee of National Economic Council (Ecnec). Planning Commission Deputy Chairman Jehanzeb Khan chaired the CDWP meeting. The CDWP took up the New Gwadar International Airport project, which would be built with the help of Pakistan government funds and a Chinese grant of 1.52 billion yuan or Rs34 billion. The total cost of the project is Rs55.4 billion. The new Gwadar airport is considered important for the development of Gwadar Port and its free zone. The Ministry of Planning is now gradually taking back the control of the China-Pakistan Economic Corridor (CPEC) after the CPEC Authority law lapsed four months ago. The government has also brought back Hassan Dawood Butt to handle affairs in the next CPEC Joint Cooperation Committee (JCC) meeting. JCC is scheduled to meet this month and will take important decisions on the future roadmap of the multibillion-dollar strategic bilateral initiative. Butt had earlier been the deputy project director of the CPEC support project but moved to Khyber-Pakhtunkhwa Board of Investment. The original Gwadar airport project had been approved at a cost of Rs7.5 billion in 2010 and the revised one was cleared in 2015 at a cost of Rs22.2 billion. The CDWP approved the second revision on Monday with a cost of Rs55.4 billion, higher by Rs33 billion or 147% than the 2015 cost. A key reason behind the increase in cost was that the new plan was based on a detailed design of the project. The CDWP directed the Civil Aviation Authority (CAA) to review the possibility of c

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Over the pond U.S. securities regulators have charged online brokerage firm, OptionsXpress, over its alleged involvement in what the regulator claims was abusive naked short selling. The U.S. Securities and Exchange Commission alleges that the Chicago-based firm failed to satisfy its close-out obligations under short-selling rules by repeatedly engaging in a series of sham 'reset' transactions designed to give the illusion that the firm had purchased securities of like kind and quantity. It claims that the firm, and one of its customers engaged in these transactions in a number of securities, resulting in continuous failures to deliver

ISLAMABAD: The Competition Commission of Pakistan (CCP) Tuesday provided 100 percent reduction in penalty to a multi-national Siemens Company for breaking a decade-long cartel in switchgear and transformer sectors.