The European Union will be destroyed by its own member countries, warns ‘Budget Commissioner’ Gunther Oettinger

The European Union will be destroyed  by its own member countries, warns ‘Budget Commissioner’ Gunther Oettinger

Brussels: ‘The existence of the European Union is threatened and the member countries themselves are trying to weaken and destroy it’, was the sensational warning issued by Budget Commissioner, Günther Oettinger. He created a further sensation by naming countries like Italy, Poland, Hungary and Romania. At the same time, Oettinger claimed that there is also […]

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Finance minister Arun Jaitley presents Budget for fiscal 2018-19

Finance minister Arun Jaitley presents Budget for fiscal 2018-19

New Delhi: Finance minister Arun Jaitley presented the budget that gave priority to agriculture, agriculture related industry and infrastructure development in rural India. The budget is trying to give impetus to the manufacturing sector and employment generation, said the Finance minister. At the same time the announcement of providing security of health insurance of 5 […]

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US defense budget gives importance to India’s partnership – Pakistan gets conditional aid

US defense budget gives importance to India’s partnership – Pakistan gets conditional aid

Washington – US President Barack Obama has approved the defense budget draft which included giving more importance to defense partnership with India. Obama has approved a “National Defense Authorization Act (NDAA) which proposes to appoint a special officer to increase India’s defense partnership with the US. At the same time it was made clear that […]

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Japan plans record-hike in defense budget to $52 billion

Japan plans record-hike in defense budget to $52 billion

Tokyo : With the concerns of increased security risks from China and North Korea, Japanese government has begun preparations to sanction a defense budget of $52 billion. A proposal to this effect will be presented in the Japanese parliament in the coming week. This defense budget includes expenses for production of military drones, upgradation of […]

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Rail Budget to be merged with Union Budget

Rail Budget to be merged with Union Budget

New Delhi : The Railway Budget, being presented for the last 92 years will be discontinued from the next financial year. The Railway Budget will be merged along with the 2017-18 Union Budget. Railway Minister Suresh Prabhu had earlier proposed to discontinue the separate Railway Budget and include it in the Union Budget itself. This proposal […]

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US debt at record high reaches $ 22 trillion: US treasury department

US debt at record high reaches $ 22 trillion: US treasury department

Washington: The federal debt of the United States has reached $22 trillion. The analysts are claiming that every US citizen is under the shadow of economic crisis, because of this enormous debt. The US Treasury department announced that the debt had been increased by $30 billion within one month. The Treasury department also has expressed […]

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France practices defence against nuclear attack; following the US withdrawal from the INF

France practices defence against nuclear attack; following the US withdrawal from the INF

Paris: Reactions are being received over the withdrawal of the United States from the Intermediate-range Nuclear Forces (INF) treaty. The European countries disturbed by the news are claiming that the threat of a nuclear war with Russia has increased. Against this background, France conducted an 11-hour exercise to practice retaliation against a nuclear strike. The […]

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