Colombo: The situation in Sri Lanka is still not under control. Several protestors have started arriving from other parts of the country to Colombo. The protestors in Colombo are firm that the agitation will continue till President Gotabaya Rajapaksa resigns. Rajapaksa, who fled the Presidential residence, expressed willingness to resign on the 13th of July. […]
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Washington: The Bloomberg website posted an article highlighting the increasing debt burden on the developing countries, causing defaults in repayments. This will push the countries on the defaulter list, which will have political and social consequences. The article cites the situation in Lebanon and Sri Lanka and warns that Pakistan, Tunisia, Egypt, Ghana, and El-Salvador […]
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Colombo: There was an outbreak of discontent among the Sri Lankan population, facing a shortage of food grain, fuel and other life essentials. Thousands of protestors stormed the residence of Sri Lankan President Gotabaya Rajapaksa. But President Rajapaksa had already reached a safe location. Even the Sri Lankan military had become difficult to control the […]
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Brussels: In the wake of the Russia-Ukraine conflict, the Eurozone, a part of Europe, has witnessed a record spike in inflation. Eurostat reported that in June, the Eurozone recorded an inflation rate of 8.6 per cent. This is the highest level since the Eurozone was formed. After the outbreak of the Russia-Ukraine conflict, it was […]
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New Delhi: Indian Rupee continues to depreciate, causing a significant concern for the government. The Rupee sliding to 79.11 against 1 US Dollar has triggered worried reactions from various sections of society. On Friday, the Rupee gained 12 paise to close at 78.94. Union Finance Minister Nirmala Sitharaman said that she would be in discussion with […]
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New Delhi: Reserve Bank Deputy Governor Michael Patra has expressed confidence that India’s required monetary policy tightening will be more moderate than other countries in the coming days. He also claimed that inflation in India would come under control in the coming months. At the same time, the RBI is trying to ensure that there […]
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Moscow: Russian President Vladimir Putin announced that BRICS member countries are working on an international reserve currency and an alternative payment system. The failure of the United States to stop the Russian transactions with other countries despite the sanctions imposed is drawing the world’s attention. Therefore, the United States demands India stop fuel purchases from […]
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Moscow: According to the Russian media, more than 100 billion US dollars deals were signed at the St Petersburg International Economic Forum, a trade and investment conference held in Russia. This is a significant development against the tough sanctions imposed on Russia due to the Russia-Ukraine conflict. Russia claims that representatives from more than 100 […]
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Washington: Jerome Powell, Chair of the US Federal Reserve, claimed ‘Use of cryptocurrency is rapidly increasing globally. The Federal Reserve is evaluating whether there can be an improvement in the transactions using digital currency. Federal Reserve has even published a white paper in this regard. According to that, the digital version of the USD will […]
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Guwahati: Deputy Ambassador of Japan in India, Kawazu Kunihiko, said that Japan is keen on investing 5 trillion Yen (₹ 3.2 Trillion) in India. The Japanese deputy Ambassador pointed out that India will have to create a conducive atmosphere for the investment and only then this investment target can be achieved. Kunihiko presented his country’s […]
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