Jaipur: ‘OPEC Plus countries have decided to reduce fuel production. These countries have the freedom and sovereign right to make this decision. The results will definitely be seen. India has the capacity to deal with the situation,’ said Union Petroleum Minister Hardeep Singh Puri. Hardeep Singh Puri added that India would also take necessary steps […]
Read More »
Washington: The International Monetary Fund (IMF) has praised India for its economic performance calling it a shining star, while the entire world is reeling under the shadows of economic recession. However, the chief economic advisor at the IMF suggested that to achieve a goal of a ten trillion-dollar economy, India would need to make structural […]
Read More »
Geneva/ London: Due to the global crisis, around 54 countries’ economies are collapsing. Thus, these countries need urgent financial assistance. Pakistan, Sri Lanka, Tunisia, Chad, and Zambia are developing countries amid an economic crisis anytime soon. If the people of these countries do not receive assistance on time, the poverty in the respective countries will […]
Read More »
Mumbai – On Friday, the Reserve Bank (RBI) released a concept note announcing the e-Rupee. It has been mentioned that the pilot project of ‘Central Bank Digital Currency-CBDC’ will start soon. However, the Reserve Bank has revealed that this new digital currency of the country will not be a substitute for the currently used currency […]
Read More »
Beijing: In the background of the ongoing upheavals in China’s economy, there has been a significant decline in the country’s foreign reserves. China’s foreign reserves fell to $3.029 trillion in September. It is being said that there has been a decrease of about one per cent in the foreign reserves in one month. A few […]
Read More »
Beijing: Start strong buying Chinese Yuan from around the world, selling the USD in the international market. The Central Bank of China has instructed the Chinese banks abroad, along with the domestic government and affiliated banks, should follow this instruction. It is claimed that China has taken this step to protect its currency, which has […]
Read More »
Brussels/Berlin/Stockholm: Present economic growth of Europe is much lower than expected, primarily due to high inflation on account of fuel shortage. Although the European Central bank has hiked the interest rate to control inflation, the rise in inflation is expected to continue, warns ECB President Christine Lagarde. There is a strong possibility that Germany and […]
Read More »
Washington: The US dollar has reached its highest level in the last two decades. Compared to the dollar, the Chinese currency, Yuan has reached the bottom and recorded the lowest level. The changes recorded in the currencies of the world’s first and second largest economies are significant. With the US Federal Reserve raising interest rates […]
Read More »
Singapore: ‘The golden age of globalisation that we have known for the past 30 years since the end of the Cold War is clearly over, and we are entering a new era, a new era that will be marked by greater geopolitical contestation,’ Singapore’s Finance Minister Lawrence Wong warned. At the ‘Forbes Global CEO Conference’ […]
Read More »
Beijing: There are rumours that Chinese President Xi Jinping is currently under house arrest and former President Hu Jintao and former Prime Minister Wen Jiabao are ruling the country. Discussions on Chinese social media substantiate these rumours, claiming that the Chinese army has blocked the highway leading to the capital Beijing. The process of power […]
Read More »
