Cairo / Tehran: Saudi Arabia has decided to halt oil supplies to Egypt indefinitely. The decision, taken on basis of the prevailing Syria conflict has resulted in escalation of tension between the two countries. It is said that Egyptian economy, which is already in a bad shape will further suffer due to this. Reports claim […]
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New Delhi: The ‘GST’ which has been proved to be useful for restructuring the way our country pays its taxes will be introduced at four levels. 50% of taxable essential commodities are to be kept out of the ‘GST’ tax bracket. While this is the biggest and most important phase in implementing the GST Bill, […]
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Riyadh : The indications given by the Russian President, Vladimir Putin in the last month concerning collaborations with Saudi Arabia are beginning to materialise. On Sunday, Russia and Saudi Arabia signed a coherent mutual agreement for oil market collaborations. While there has been unanimity between both countries regarding the stability of the oil market, Saudi […]
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Kabul : Pakistan has closed the Wagha Port for the Afghani businessmen/traders which generated a strong reaction from Afghanistan. Afghanistan’s President Ashraf Ghani threatened Pakistan to shut the transit route which connects Pakistan to Central Asia. He also clarified that they do not necessarily depend on Pakistan alone for trade and have other countries. Since last […]
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Islamabad : Asian Development Bank (ADB) has offered a loan of 5.9 billion dollars to Pakistan. Pakistan has asked for an 800 million dollar loan for its energy sector. Till the month of May 2016, the total debt burden on Pakistan has gone up to 1340.30 billion dollars, of which 58.34 billion dollars are in the […]
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New Delhi : The Central Government aims to raise Rs. 56,000 crore through disinvestment for the current financial year. In the last financial year, the Government aimed to raise Rs. 69,500 crore in disinvestment for development of infrastructure. But, only Rs. 25,312 crore were managed to be collected during year. For the year 2014-15, the […]
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Hangzhou : Russia and Saudi Arabia have agreed that joint efforts should be made to stabilize the oil market by controlling the oil prices, which are experiencing a fall for two consecutive years. It was informed that the two countries signed an agreement in this regards on the sidelines of the G-20 summit in China. […]
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New Delhi : The Enforcement Directorate (ED) has attached Vijay Mallya’s property, worth Rupees 6630 crores, to recover unpaid dues of Rs. 9000 crores borrowed by Mallya from the Indian Banking Sector. The ED has attached Mallya’s farm house, flat, shares and fixed deposits to recover the bank dues. The supremo of Kingfisher group, Vijay Mallya had […]
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Berlin : It has come to the fore that the leading bank of Germany, ‘Deutsche Bank’ has refused to deliver physical gold to its customers on demand. This news has caused a stir in Germany and claims are being made that the condition of the overall banking sector in Germany, including Deutsche Bank, is not […]
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New Delhi: The rise in number of bad loans is causing a nuisance for the banking sector in India. The maximum number of bad loans are from Government banks. The government is trying to provide funds to these banks and free them from the clutches of debts. However Raghuram Rajan, Ex-Governor of Reserve Bank of […]
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