Athens/Ankara: Greece has increased its defence expenditure budget by a whopping 57% to stop the aggressive Turkish activities in the Mediterranean Sea. The Greek parliament approved this increase on Tuesday, and Greece will be spending USD 6.6 billion on the defence forces in 2021. This envisages the increase in the number of defence personnel, purchase […]
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Beijing: Despite the coronavirus pandemic, China’s economy was forecast to show a minimal growth while key sectors were said to have gained momentum. However, the projection is believed fake and several Chinese companies have declared bankruptcy or have defaulted on loans. From January to October this year, Chinese state firms defaulted on bonds worth $6 […]
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London: – British Finance Minister Rishi Sunak claimed that the economy of the United Kingdom, may be faced with the biggest slide in 300 years, given the situation created by the Coronavirus pandemic. While speaking in the British parliament, British Finance Minister Rishi Sunak said that the GDP of the United Kingdom, the sixth-largest economy […]
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Beijing: 15 countries, along with China, signed the ‘Regional Comprehensive Economic Partnership’ (RCEP) agreement, in a virtual meeting held on Sunday. China had presented the concept eight years ago. But after that, two leading countries, India and the United States had decided to withdraw from the agreement. The signing of this agreement, becomes significant, while […]
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New Delhi: Union Finance Minister Nirmala Sitharaman announced the Atmanirbhar Bharat 3.0 package with a provision of Rs 2.65 trillion. Under this, the Finance Minister has announced 12 schemes, and there are reliefs for the construction industry and infrastructure projects. A decision to announce a subsidy of Rs 65 billion on fertilisers for the farmers was also […]
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Washington: US National Security Advisor (NSA), Robert O’Brien, has warned, ‘Before the first world war, Germany increased the strength of its navy to challenge the British Royal navy. China is increasing its naval strength, on similar lines, intending to force the United States to withdraw from the Pacific Ocean and then attack Taiwan.’ He also […]
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Male: – India disbursed an aid of USD 25 crores to the Maldives, on Sunday. India is providing this assistance to recover the Maldivian economy, which crashed due to the Coronavirus crisis. It was revealed that the Maldivian economy, entangled in the Chinese debt trap, was sinking. The Maldives fears that it will be in […]
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New Delhi: The Indian economy seems to have taken a major hit due to the lockdown, imposed for control of the Coronavirus pandemic. The Indian GDP has declined by 23.9% in the April-June quarter. This is the biggest slide in the history of Indian economy. The economists and analysts have warned that the decline will continue for the next two quarters too, and therefore […]
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Washington: US Secretary of Defence Mark Esper claimed that the United States is deploying its military in the eastern European countries adjoining the Russian border. These steps are being taken to stop Russia. Last month, the United States had announced that the military deployment will be reduced from Germany and will be moved to other […]
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New Delhi: – The Indian economy has taken a major hit because of the Coronavirus pandemic. But the international credit Rating company ‘Fitch Ratings’ claimed that India would recover from this jolt and the Indian economy will progress at 9.5% in the next year. Moreover, Fitch has upgraded the credit rating of the Indian economy. […]
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