China rushes to Russia to overcome the power outage issue

China rushes to Russia to overcome the power outage issue

Moscow/ Beijing: The Chinese Communist Party, which boasted about becoming a superpower, had to rush to Russia to overcome the power outage problem. China has demanded that the electricity supply must be doubled via Amur-Heihe Electric Transmission Line. A Russian company has backed this demand and decided to supply electricity to China from 1 October.   Over the last few […]

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Taiwan’s semiconductor sector should be idolised for providing impetus to the US industry sector: US economist

Taiwan’s semiconductor sector should be idolised for providing impetus to the US industry sector: US economist

Washington/Taipei – US economist Jeff Ferry said that Taiwan’s leadership in the technology-intensive semiconductor industry and its policy should be exemplary in boosting the US industrial sector. Ferry also warned that the US has lagged by focusing only on businesses in the financial sector. The emphasis should be on strengthening the manufacturing sector, like Taiwan, […]

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Chinese action against its private sector threatens China’s status as economic superpower, claim US analysts

Chinese action against its private sector threatens China’s status as economic superpower, claim US analysts

Washington/Beijing – Ron Insana, an analyst from the United States, has warned that the crackdown on its own big companies by the Chinese ruling communist regime could undermine China’s position as an economic superpower. China is the world’s second-largest economy, and the ruling communist regime is threatening the “business model” that led to its rise, […]

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Sri Lankan economy in major crisis; lacks funds to repay loans, foreign reserves drop

Sri Lankan economy in major crisis; lacks funds to repay loans, foreign reserves drop

Colombo – Sri Lanka, which has borrowed heavily from China, faces a massive financial crisis. Sri Lanka’s foreign exchange reserves have fallen sharply, with only three months’ worth of foreign reserves remaining. This has led Sri Lanka to impose restrictions on imports of various commodities. According to some reports, Sri Lanka also has no money […]

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Indications of Chinese economy slowing down due to new jolts

Indications of Chinese economy slowing down due to new jolts

Beijing: – China, which was boasting as the only economy to progress even during the Coronavirus pandemic, has started receiving fresh jolts. For the last few months, the number of defaulter companies is on the rise, and as per indications, some of these companies could declare bankruptcy. At the same time, the profitability of the […]

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Indian economy rising again, leaving the Coronavirus crisis behind: Minister of State for Finance Anurag Thakur 

Indian economy rising again, leaving the Coronavirus crisis behind: Minister of State for Finance Anurag Thakur 

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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India took decisive steps during Coronavirus Pandemic: IMF

India took decisive steps during Coronavirus Pandemic: IMF

Washington: The International Monetary Fund (IMF) praised India saying that India took decisive steps while countering the Coronavirus crisis and its economic repercussions. Kristalina Georgieva, the chief of the IMF, said that India was ahead of the developing countries on this front while appreciating India. The IMF will be publishing its report on the 26th […]

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Corona slows down the Japanese economy

Corona slows down the Japanese economy

Tokyo: The Japanese economy has been hit by the severe recession because of the Coronavirus pandemic, which is rampaging around the world. Japan is the first of the top three economies of the world to be hit by a recession. It is being said that the Coronavirus pandemic has resulted in the loss of nearly […]

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Union Finance Minister announces additional benefits for the agricultural sector

Union Finance Minister announces additional benefits for the agricultural sector

New Delhi: On Friday, Finance Minister Nirmala Sitharaman declared additional benefits for the joint ventures of farmers and agriculture businesses. The Finance Minister also shared information regarding the new plans to be implemented for businesses such as fishery and pisciculture. Besides, vaccination programmes will be held for 53 crore cattle too. Most importantly, the Finance […]

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