Abetting China against India can cost Pakistan, warn Pakistani groups  

Abetting China against India can cost Pakistan, warn Pakistani groups  

Islamabad – Pakistan deployed 20,000 soldiers in Gilgit-Baltistan, while there is a border dispute raging between India and China. The Pakistani intention behind this deployment was to pressurise India and help China. Now, Pakistani Foreign Minister, Shah Mahmood Qureshi, has promised China that Pakistan will fully cooperate with China in any of the regional issues. […]

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4% of Chinese gold reserves are fake  

4% of Chinese gold reserves are fake  

Beijing: – It is claimed that 83 tonnes of gold, amounting to 4% of gold in the Chinese reserves, is fake. Wuhan Kingold Jewellery Inc., a leading company in the gold market, having links with the Chinese military, had borrowed USD 2.8 billion against this fake gold. The gold deposited by this company as collateral with the […]

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IMF: Debt-ridden Pakistan should stop employee salaries

IMF: Debt-ridden Pakistan should stop employee salaries

Islamabad: – The International Monetary Fund (IMF) has slapped Pakistan, requesting for a fresh loan of $15 billion, on the face. The IMF has given frank advice that as a country has obtained loan upto 90% in its economy, Pakistan should stop paying its employees to avert an economic crisis, . The IMF also demanded […]

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India and US should devise a comprehensive plan to counter China in the Indian Ocean, advice from a US study group

India and US should devise a comprehensive plan to counter China in the Indian Ocean, advice from a US study group

Washington: Taking advantage of the Coronavirus pandemic, China is trying to increase its dominance in the Indian Ocean region. Hudson Institute, a renowned study group in the United States, advised that to counter this Chinese plan, India and the United States should devise a comprehensive scheme. The study group praised the Indian policy of enhancing […]

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Europe draws out a recovery plan of 750 billion Euros to tide over Coronavirus crisis

Europe draws out a recovery plan of 750 billion Euros to tide over Coronavirus crisis

Brussels: – Ursula von der Leyen, President of the European Commission, while announcing a recovery plan of 750 billion Euros for Europe, to tide over the crisis created due to the Coronavirus pandemic, said that this is a decisive moment for Europe. This announcement by the European Commission is the biggest ever economic package in […]

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RBI reduces repo rate

RBI reduces repo rate

Mumbai: Shashikant Das, the Governor of the Reserve Bank of India (RBI), announced a reduction in the repo rate to 4%, saying that the Gross Domestic Product (GDP) has been severely hit because of reduced domestic demand and the drastic fall in exports. He also announced moratorium for the next three months, bringing major relief […]

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FM announces the second phase of the ₹20 lakh crore relief package

FM announces the second phase of the ₹20 lakh crore relief package

New Delhi: On Wednesday, Finance Minister Nirmala Sitharaman had announced the details for ₹ 6 trillion of the ₹ 20 trillion economic package which was declared by the Prime Minister. She announced the financial provisions for labour and farmers from this economic package on Thursday. According to this, NABARD will be making ₹ 300 billion […]

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Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

New Delhi: The details of the economic package of ₹ 20 lakh crores, announced by Prime Minister Narendra Modi, were given by Finance Minister Nirmala Sitharaman on Wednesday. The Prime Minister had said that the cottage, home, micro, small and medium industries, employing millions of people, are the firm foundation of the ‘Self-reliant India Campaign’. […]

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