Union Finance Minister announces additional benefits for the agricultural sector

Union Finance Minister announces additional benefits for the agricultural sector

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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Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

New Delhi: The details of the economic package of ₹ 20 lakh crores, announced by Prime Minister Narendra Modi, were given by Finance Minister Nirmala Sitharaman on Wednesday. The Prime Minister had said that the cottage, home, micro, small and medium industries, employing millions of people, are the firm foundation of the ‘Self-reliant India Campaign’. […]

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Coronavirus Pandemic: Indians withdraw a whooping ₹53,000 crore from banks

Coronavirus Pandemic: Indians withdraw a whooping ₹53,000 crore from banks

New Delhi: The Indian population has withdrawn a significant amount of money from the banks given the current threat of the Novel Coronavirus. The Reserve Bank of India (RBI) has informed that the citizens have withdrawn a whooping ₹53,000 crore from the banks as of 13th of March. The number of Coronavirus cases in the […]

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Crude oil drops below $47 as agreement between OPEC and Russia falls through

Crude oil drops below $47 as agreement between OPEC and Russia falls through

Vienna: The agreement between OPEC, the main organisation of the oil-producing countries, and Russia, regarding oil production cut, has fallen through. This caused the international oil rates to tumble and they slid to below $47 per barrel level. A leading analyst and advisory company, from the oil sector, warned that if OPEC members do not […]

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The global economy will take USD 20 trillion hit because of climate change, claims Russian news channel

The global economy will take USD 20 trillion hit because of climate change, claims Russian news channel

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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‘AI’ a threat for jobs in the financial sector, claim experts in technology and finance sectors

‘AI’ a threat for jobs in the financial sector, claim experts in technology and finance sectors

Washington: Experts in the technology and Finance sectors claimed that many jobs and employment opportunities, in the finance sector, have started disappearing because of the use of ‘Artificial Intelligence’ (AI) and the trend will continue. This claim was made in the Congressional hearing and Professor Marcos Prado warned that 6.1 million jobs in the finance, […]

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More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]

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Big tech firms likely to disrupt the world’s financial system, warns chief of IMF

Big tech firms likely to disrupt the world’s financial system, warns chief of IMF

Tokyo: Managing Director and Chairman of the International Monetary Fund(IMF), Christine Lagarde issued a sensational warning saying, “A few companies in the world have a humongous amount of data. These companies can gain control over the economic transactions through artificial intelligence and other technologies and significant disruption to the world’s financial system.” The warning issued […]

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World Bank and International Monetary Fund launch experimental Cryptocurrency

World Bank and International Monetary Fund launch experimental Cryptocurrency

Washington: The world is moving from currency to cryptocurrency. The economists are claiming that cryptocurrency will be the future of the world. Reports of some countries moving towards cryptocurrency, also have been published. It has also been revealed that leading financial institutions and banks are seriously considering the use of cryptocurrency. But now the World […]

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