Washington – Union Finance Minister Nirmala Sitharaman, currently visiting the US, reiterated India’s firm stance against cryptocurrencies. Sitharaman said that by taking a stand against cryptocurrencies at the right time, we cannot let our efforts to save the economy go to waste. Finance Minister Sitharaman was speaking at the event organised at the headquarters of […]
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Washington – The world is worried after the bankruptcy of Silicon Valley Bank-SVB of the United States and the Credit Suisse of Switzerland. Warnings are being given that some more banks in the United States and Europe will go bankrupt in the future. Due to this, some economists have warned that an even worse economic […]
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Washington – Rising interest rates, the crisis in the banking sector in the US and Europe, and growing differences at the geopolitical level have shaken the stability of the global economy. This impacts the economy’s development, and the world economy’s growth rate will remain around three percent for the next five years, warned IMF (International […]
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Washington/London/Tokyo – Despite the assurances given by President Joe Biden in the wake of the US banking crisis, uncertainty among global investors still remains. This has had a strong impact on global stock markets, including the US and stocks in the banking sector have taken a huge hit. In the US alone, banks suffered losses […]
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Washington/London: The US Federal Reserve has announced an increase in interest rates by half a percentage point. While making this announcement, Jerome Powell, the head of the Federal Reserve, also warned that interest rates in the United States may reach five percent by the end of 2023. After the Federal Reserve’s announcement, the Bank of […]
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Washington: – The Zero Covid policy implemented by President Xi Jinping in China for the past few months along with the real estate crisis are going to affect the Chinese economy. There is a possibility of China’s economy taking a hit of five trillion dollars in the coming five years when Xi Jinping will continue […]
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New Delhi – Depreciation of the Indian rupee continued on Tuesday and reached Rs 80.05 against the USD. Warnings are being issued that this depreciation is a cause for concern. But Ajay Seth, Secretary of the Economic Affairs Ministry, has assured that there is no need to get alarmed by this. Ajay Seth pointed out […]
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Moscow/ Washington: International Monetary Fund (IMF) chief Kristalina Georgieva has warned that prolonged slowdown in the Chinese economy will adversely impact on the global economy. She said that China has a chance to revive its economy; however, it will be important to see what measures are taken. A few days back, the IMF warned of […]
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New Delhi: Reserve Bank of India (RBI) exuded confidence, ‘Comprehensive vaccination campaign, the capacity shown by the economic sector and the significant increase in exports have put the Indian economy in a very sound condition. Therefore, the economy will face the global challenges competently.’ Even the developed countries face challenges in countering the crisis developing […]
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Washington: The uncertainty in the global economy has increased further due to the Ukraine conflict. International Monetary Fund (IMF) has warned that this uncertainty could slow down the global economy. The IMF will be releasing a report named ‘World Economic Outlook 2022’ in the next few days. This warning becomes significant against this background. Besides, […]
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