Tag Archives | India

India partially lifts ban on emigration to Libya

Government today partially lifted the ban on emigration to Libya more than a year after the country was hit by violence and internal strife. After an interim government has taken over, the situation has improved. It has been noticed that there is growing demand for manpower in Libya in various sectors, officials in the Overseas […]

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Libya, Syria turmoil posing problems for economy, Pranab Mukherjee says

India is concerned about the political turmoil in Libya and Syria as unstable situations in there are posing serious problems for the Indian economy, Union finance minister Pranab Mukherjee said on Sunday. "We are concerned about what is happening in Libya and Syria," Mukherjee said at a programme organised by industry body Assocham. He said […]

Money stuck in Libya worries Indian evacuees

Overseas Indian workers evacuated from Libya in February last year are caught between a rock and a hard place. The workers, including medical and dental teachers, may lose salaries amounting to lakhs with the political and economic instability in the country threatening to devalue the currency. While some workers managed to bring home a few […]

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Indian firms keen to buy stakes in Africa's energy assets

State-run Indian Oil Corporation, Gas Authority of India Ltd and Petronet LNG are looking at buying equity stakes in energy firms and projects in Africa, senior ministers said Friday. Addressing the 3rd India-Africa Hydrocarbons Conference here, Finance Minister Pranab Mukherjee said Indian companies were interested in buying equity stakes in oil and gas assets in […]