Washington: The record inflation in the United States is taking a heavy toll on ordinary citizens. Faced with inflation, unemployment and recession, American citizens are now turning their march toward food banks. In the last few months, the number of citizens in food banks run by voluntary and social organizations has increased by 20%. At […]
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Washington: US Secretary of Treasury Janet Yellen warned that the United States is currently facing unacceptable inflation levels, which will continue for some time. Saying that controlling inflation was not in the hands of the government, the US Secretary of Commerce also blamed the situation on the Russia-Ukraine conflict. Whereas the White House spokesman claimed […]
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Warsaw/Moscow: – Mateusz Morawiecki, the Polish Prime Minister, claimed that the sanctions imposed by the western countries against Russia are worthless and the current value of the Russian Ruble is the indicator. A few days ago, the Polish prime minister accused the leading European countries of taking a pro-Russia stand. Alister Cook, a former diplomat […]
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London/Washington: Western countries that threatened to break the spine of the Russian economy with sanctions have been hit with a massive rise in inflation. The inflation index has reached new record levels in the United States and the United Kingdom, leaders of the anti-Russia campaign. Indications are that it would increase furthermore in the months […]
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Washington: Following the increase in interest rates, the US Federal Reserve is planning another increase in the interest rate in the current year. Jerome Powell, Chief of Federal Reserve, warned that the new rise in the interest rate could deliver jolts to the US economy. Powell warned not to be under the impression that the […]
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Washington: Analyst Rich Larry has claimed that against the background of the increasing Chinese threat and the Russia-Ukraine war, the United States should increase its defence expenditure budget to $1 trillion. Larry said the United States should have the capability to defend both the European and Asian fronts simultaneously, citing the Russia-Ukraine war. The US […]
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Washington: – Inflation has flared up in the United States and analysts have warned that this could hit the country’s economy. The PCE and CPI indices, considered the crucial elements in the US economy, have reached record levels in the last 40 years. The possibility of this inflation reduction has been ruled out given the […]
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Washington: – The US national debt has reached $30 trillion. This is a new record for the US economy. In the last two years, there has been an addition of $7 trillion to the US national debt. This includes the special provisions of $5 trillion for the various schemes to counter the Coronavirus pandemic. The […]
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New Delhi – In the Union Budget, a tax of 30% has been imposed on income via cryptocurrency. Discussions had begun about whether the government has legalised cryptocurrency by imposing this tax. But the chairman of the Central Board of Direct Taxes (CBDT), JB Mohapatra, emphasised that the government has not recognised the cryptocurrency. Furthermore, […]
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New Delhi – Union Finance Minister Nirmala Sitharaman presented the Economic Survey Report-2022 in the Lok Sabha on Monday. Moreover, the report has expressed confidence that the Indian growth rate for the year 2021-22 will be at 9.2%. The report also predicted that the growth rate for the year 2022-23 would be in the range […]
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