London: The debt burden on the countries worldwide will grow by 10% and will cross $71 trillion. This is the warning issued by the asset management company Janus Henderson in its report. The report claims that the United States, China, Japan and other countries will borrow heavily during this year. The Bank of America has […]
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New Delhi – Union Minister for Commerce and Industry, Piyush Goyal, had expressed confidence that the Indian trade exports will cross $400 billion in the year ending on 31st March 2022. But TV Narendran, President of Confederation of Indian Industry (CII), has expressed confidence that the country’s trade exports can reach $1 trillion in the […]
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London/New York: – The crude oil rates spurted above $95 per barrel due to the tensions prevailing between Russia and Ukraine. This is the first instance of the crude oil rates crossing $95 level since October 2014. Against the background of this rise, analysts have predicted that the crude oil rates could scale at $120 […]
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New Delhi – In the Union Budget, a tax of 30% has been imposed on income via cryptocurrency. Discussions had begun about whether the government has legalised cryptocurrency by imposing this tax. But the chairman of the Central Board of Direct Taxes (CBDT), JB Mohapatra, emphasised that the government has not recognised the cryptocurrency. Furthermore, […]
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New Delhi – Finance Minister Sitharaman said, ‘We have presented a budget, in the 75th year of independence that will lay the foundation for the next 25 years.’ She added, ‘We have made it our priority to present a budget that sustains the country’s economic development.’ On the other hand, Prime Minister Narendra Modi welcomed […]
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New Delhi – Union Finance Minister Nirmala Sitharaman presented the Economic Survey Report-2022 in the Lok Sabha on Monday. Moreover, the report has expressed confidence that the Indian growth rate for the year 2021-22 will be at 9.2%. The report also predicted that the growth rate for the year 2022-23 would be in the range […]
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New Delhi – Reserve Bank of India (RBI) governor Shaktikanta Das said that India’s banking industry has tremendous potential. If all the factors are aligned cohesively, the economy will progress rapidly. Moreover, it would provide an impetus to the global economy.’ On Sunday, RBI Governor was addressing a function to launch a program, ‘Depositors First: […]
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New Delhi – The Corona pandemic crisis has had devastating effects on the economies of China, Russia, India, South Africa, and Brazil. The economy of BRICS countries is still recovering. The BRICS Economic Bulletin claims that the Indian economy has shown the fastest recovery compared to other BRICS countries. BRICS Contingent Reserve Arrangement (CRA) Research […]
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New York – Production in China, considered the world’s factory, has slowed down due to corona pandemic, power shortages and other serious problems. This has led countries worldwide, which depend on China for products and raw materials, to feel the need for a ‘Global Reset’. This means the creation of a new centre of global […]
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New Delhi: – The Minister of State for Finance, Anurag Thakur, said it is clearly visible that the Indian economy is rising again, leaving the Coronavirus crisis behind. In February, foreign institutional investment in the country stood at around Rs 25,787 crore. Citing this, the Minister of State for Finance expressed confidence that the country’s […]
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