New Delhi: Sri Lanka has agreed to set aside US dollars and trade in Rupee with India. Apart from Sri Lanka, other countries like Russia, Mauritius, Myanmar, Malaysia, Singapore, Israel, and Germany are also willing to trade in Rupee. More than 50 countries have opened Special Rupee Vostro Account-SRBA for transactions. This clearly indicates that […]
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Washington: In the last few years, the use of cryptocurrencies has been increasing worldwide, and the International Monetary Fund has presented an important report in this regard. The report recommends that cryptocurrencies cannot become legal tender. At the same time, International Monetary Fund has also suggested that blockchain-like technology, which is used behind cryptocurrencies, can […]
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Washington: India, the shining star of the global economy, will also perform strongly in the next financial year. The head of the International Monetary Fund, Kristalina Georgieva, has expressed the belief that India’s share in the global economic growth in the next year alone will be as high as 15 per cent. Georgieva claimed that […]
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Washington/London/Brussels: The world’s leading central banks have again announced interest rate hikes, amid signs of a global economic slowdown. The European Central Bank, the Bank of England, and the US Federal Reserve increased interest rates. The Federal Reserve increased by 0.25 per cent, and the United States’ interest rate reached 4.75 per cent. Jerome Powell, […]
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New Delhi: India’s growth rate will be between 6% and 6.8% in the next fiscal year. This conclusion has been recorded in the financial inspection report presented in Parliament before the budget. The report also noted that although India’s growth rate seems to have come down so much for the first time in the last […]
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Colombo: India has shown its readiness to assist Sri Lanka by all means, which has been in an economic crisis due to being stuck in the trap of Chinese debt. Foreign Minister of India S. Jaishankar emphasised it during his visit to Sri Lanka. Moreover, the Foreign Minister of Sri Lanka has expressed gratitude towards […]
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Davos: Leading economists around the world have warned that the global economy would likely suffer a recession in 2023. The Chief Economist Outlook report released by the World Economic Forum in Davos highlighted this. Saadia Zahidi, Managing Director of the World Economic Forum, spelt out the finding from a report that as the global economy […]
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Islamabad: Prime Minister of Pakistan, Shehbaz Sharif, while speaking to middle eastern news media, proposed to open dialogue with India and said they had learned a lesson from the outcome of three wars with India. This statement created quite a stir. Analysts from India are questioning if this admission of regret is an individual opinion […]
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Beijing: China’s economy has been hit hard by the frequent Covid outbreaks over the past year. In 2022, China’s economy registered a growth rate of just three per cent. This is the lowest level since 1976. China’s growth rate has fallen by more than half compared to 2021. In 2021, China had achieved a growth […]
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Davos – The World Bank and International Monetary Fund (IMF) have warned that the world will face a recession in 2023. There has been a new addition to these regular warnings of a global recession received at certain intervals. The World Economic Forum – WEF report also warned that a global recession would be this […]
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