Colombo – Sri Lanka, which has borrowed heavily from China, faces a massive financial crisis. Sri Lanka’s foreign exchange reserves have fallen sharply, with only three months’ worth of foreign reserves remaining. This has led Sri Lanka to impose restrictions on imports of various commodities. According to some reports, Sri Lanka also has no money […]
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New Delhi: Nitin Gadkari, the Union Minister for Road Transport and Micro, Small and Medium industry, said that goal has been set to make India the global hub for vehicle manufacturing, in the next five years and the government is working in that direction. Gadkari said that the policy to encourage the vehicle manufacturing industry […]
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Tehran: There was a major crash reported in the value of Iranian Rial in view of the sanctions imposed by the United States in the last month, the Coronavirus crisis and the slump in the international oil markets. Local sources informed on Saturday that the Iranian Rial was exchanged at the rate of 193,400 Rials […]
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New Delhi: The Indian government changed the rules for Foreign Direct Investment (FDI) to prevent China from acquiring Indian companies and taking undue advantage of the situation, created because of the Coronavirus pandemic. Now the union government has started preparations to make the rules governing the Foreign Portfolio Investment (FPI) stricter, to stop the Chinese […]
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New Delhi: The Coronavirus pandemic has led to the nationwide lockdown. It has, in turn, hit the fuel demand. The month of April saw the demand plummet by 70 per cent. Petroleum Minister Dharmendra Pradhan has, however, expressed confidence that the market will soon return to normal as the sales are increasing gradually. After the […]
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New Delhi: On Friday, Finance Minister Nirmala Sitharaman declared additional benefits for the joint ventures of farmers and agriculture businesses. The Finance Minister also shared information regarding the new plans to be implemented for businesses such as fishery and pisciculture. Besides, vaccination programmes will be held for 53 crore cattle too. Most importantly, the Finance […]
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London/New York: While the extent of the Coronavirus epidemic is increasing in China, the prices of gold, the perpetual safe investment, have jumped to USD 1,600 per ounce (28.34 Grams). Leading investors and analysts had made this prediction at the end of last month. While the prediction has come true, the possibility of gold rates […]
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Washington/Tehran: The killing of Qassem Soleimani and the subsequent threats exchanged by the United States and Iran have caused the rates of Crude oil and Gold to skyrocket, in the international markets. Crude oil rates jumped by more than 2% recording a rate of $70 per barrel. The Gold rate reached its highest in seven […]
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New Delhi: The effects of the US killing of General Soleimani are becoming apparent on the global economy and puts stress on the Indian economy too. A sharp decline has been recorded in the Indian stock markets and the investors have lost a whopping ₹3.36 trillion. There has been a big rise in the gold […]
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Moscow: A Russian news channel claimed that the global economy would take a blow to the tune of USD 20 trillion because of climate change. This claim is based on the reports published by various international groups, experts and insurance companies, over the last few months. The report says that the housing, fuel, tourism and […]
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