Beijing – The ruling communist government of China has informed the leading banks of the country to reduce the interest rate. Reduce the interest rate from half to one per cent, it has been said in this information, a Western newspaper has said in its news. For the second time in the last year, the […]
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Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
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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 – India is considering various options for clean and affordable energy options. For this, the United Kingdom has expressed its willingness to cooperate with India. Recently, Prime Minister Narendra Modi had announced the National Hydrogen Mission in his Independence Day speech. On this front, the United Kingdom has expressed willingness to cooperate with […]
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Geneva: – The World Bank has warned, ‘The global economy has received a severe jolt because of the Coronavirus pandemic. The south-east Asian countries will be the worst hit with this and millions of people will be pushed into poverty.’ The World Bank also expressed a possibility that the effects of the pandemic may be […]
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New Delhi: Union Finance Minister Nirmala Sitharaman,announced some important decisions, given the reduced economic growth rate and the stunted growth rates in certain sectors. Special announcements have been made to incentivise the export and housing sector. These include financial assistance of ₹500 billion for the export and ₹100 billion for the housing sector. The Union […]
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Washington: The World Bank warned that Iranian oil exports are almost nil because of the harsh US sanctions. Oil exports being the primary source of funding in the Iranian economy; this is affecting the Iranian markets. Therefore, Iran may face an unprecedented recession.’ The World Bank also criticised the economic policies of the Iranian President […]
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Brussels/Beijing : The decision to impose a tax on the import of Chinese steel by European Union has sparked a new dispute. China has expressed strong displeasure over the issue and has questioned the validity of the decision. This is indicating the widening gap between China and the EU countries over trade issues. Last week, it […]
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Washington: Last year US President Barak Obama had taken a decision, to permit the US companies to export fuel once again. After this, merely within a year US oil and natural gas exports seem to have grown rapidly. According to the November figures, US has achieved success in exporting more than 7 billion cubic feet of […]
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Brussels / Beijing : The ambitious ‘One belt One Road’ plan which the Chinese President Xi Jinping had announced four years ago, has started receiving jolts in Europe. The European Union (EU) has asked to review the railway project which is a part of the ‘One belt One Road’ plan. There has been a possibility of […]
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