New Delhi: There was a prediction that there will be substantial allocation for agriculture sector in the 2018-19 budget. The prediction has been proved right and the Finance minister Arun Jaitley has made a big fund available for the agriculture sector. Jaitley clarified that there are efforts to increase the income in the hand of […]
Read More »New Delhi: This budget makes the highest provision ever for the Railways. Finance minister Arun Jaitley announced a provision of 1.48 lakh crores for the railways. This is 13% more than the previous year and this will mainly be spent for capacity augmentation of the railways. The Mumbai local will be expanded by 90 kilometres […]
Read More »Washington: The US President Donald Trump will announce the defence expenditure budget of USD 716 billion, an increase of 7% over the previous year. President Trump is likely to suggest this increase in the defence expenditure by underlining the increasing threat from Russia and China, claimed two senior US officials. The Trump administration has not […]
Read More »Washington: The Democratic party passed the short-term additional spending bill after assurance from the ruling Republican Party. The US shutdown of 69 hours ended on Monday night because of this. The US president Donald Trump has hailed this as a major victory. It is claimed that this has avoided a major disaster. ‘Shutdown’ was announced […]
Read More »Tunis: Tunisia, formed seven years ago as a result of the Arab Spring protests, is once again reeling with anti-government agitations. The demonstrations which broke out because of the taxes and expenditure cut back policies imposed by the government, leading to lower wage costs and inflation, have taken a violent turn in the last two […]
Read More »Riyadh: The ruling monarchy of Saudi Arabia has gifted a financial aid package of 530-million dollars to its people. Government news agencies state that this gift from the Saudi regime comes under the new social welfare programme. In the last week, Saudi Arabia had announced the country’s biggest budget ever. The aid package includes expenditure […]
Read More »Washington: “To what extent shall we be able to sustain the continuously increasing debt burden on the US economy, is a worrisome question which frequently pops up in my mind. America’s Debt to GDP ratio of 75%, may not be a reason for scare, but it is certainly a cause of concern serious enough to […]
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Berlin: The outgoing German Finance Minister, Wolfgang Schaeuble, gave serious indications saying that the Central Banks like the European Reserve Bank and the US Federal Reserve have been attempting to inject trillions of dollars into the financial markets. Their attempts are giving rise to the formation of ‘new bubbles‘ which in itself is an invitation […]
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Washington: There are indications that the ‘Mexico Wall’ proposed by President Donald Trump might push the US economy towards shutdown. Trump has taken an aggressive stand regarding this matter stating that if enough funds are not made available for the Mexico Wall, then funds won’t be approved for the healthcare programme organized by ‘Obamacare’. It […]
Read More »The American Health Care Act of 2017 (H.R. 1628), referred to by the acronym AHCA and nicknamed variously Trumpcare, Ryancare, Obamacare-Lite,and Republicare, was a United States Congress bill to repeal the Patient Protection and Affordable Care Act (ACA). It was based on a plan first publicly released by House Republicans on March 6, 2017, and […]
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