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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New Delhi: India has taken a major step to regulate cryptocurrencies, warning that cryptocurrencies could cause the next financial crisis. According to this, it has been made mandatory for everyone who deals in cryptocurrency, invests money in it and benefits from it to file ‘Know Your Customer-KYC’. Because of this, crypto traders will have to […]
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Bengaluru: A meeting of Finance Ministers of G-20 countries has been organised in Bengaluru and the Finance Ministers of the member countries have arrived in India for this purpose. It is said that representatives of major banks and financial institutions worldwide have also come to India. On the occasion of this meeting, India’s Finance Minister […]
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Washington: India, the shining star of the global economy, will also perform strongly in the next financial year. The head of the International Monetary Fund, Kristalina Georgieva, has expressed the belief that India’s share in the global economic growth in the next year alone will be as high as 15 per cent. Georgieva claimed that […]
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New Delhi: India’s Finance Minister, Nirmala Sitharaman, said that smuggling gold hurts the economy. However, illicit drug trafficking will hurt the future generation. The finance minister urged the customs officials to be vigilant and suggested using technology tools to prevent drug trafficking. Till November this year, 3017 kg of heroin, 2267 kg of hashish, 725 […]
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New Delh: Co-founder Sam Bankman-Fried’s $16 billion empire gets ruined after US-based cryptocurrency exchange FTX collapsed. This has led to a massive drop in the value of cryptocurrencies worldwide. The value of cryptocurrency, which was at three trillion dollars (three hundred thousand crores) in 2021, has now come down to less than one trillion dollars. […]
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Cairo: Other countries have to bear the consequences of the decisions taken by developed countries. Indian Finance Minister Nirmala Sitharaman told the developed countries they should take responsibility for such decisions. After that, Indian External Affairs Minister S. Jaishankar also slammed the rich countries. The rich countries are unaware that the poor are being hit […]
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New Delhi: Discussions were held between the two countries on trading in India’s rupee and Saudi Arabia’s Riyal. Along with this, India’s Ministry of Commerce informed that the commerce ministers of both countries also discussed using India’s payment systems ‘UPI’ and ‘RuPay Card’ in Saudi Arabia. If the ongoing talks with Saudi Arabia, a leading […]
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New Delhi: India’s economy is doing well compared to other countries, despite the shocks of huge upheavals at the international level. This is because the country’s economy is built on not one but many foundations. This has created the ability of India’s economy to withstand international shocks, said Ashima Goyal, member of the Monetary Policy […]
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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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