2023-09-15 19:04:50 The finance ministry on Friday slammed a research report that claimed that India’s 7.8% economic growth in the April-June quarter is overstated, as it defended the official estimates, saying if anything, the growth numbers might “understate the reality”. This is because manufacturing growth indicated by the Index of Industrial Production (IIP) is far … Read more
2023-09-07 19:07:27 Mumbai: A robust risk management framework is needed to ensure a smooth interaction between the different financial players to help de-risk balance sheets and drive economic growth, Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao said Thursday. Rao said that permitting a diverse set of participants in the market may help … Read more
2023-08-18 13:04:16 Kuwait has progressed in economic growth rate. Kuwait has been ranked best in the annual Global Wealth Report released by Credit Suisse. According to the report, Kuwait’s average per capita wealth exceeded $100,000, local media Al-Rai reported. The report pointed out that despite the challenges faced by the global markets, the wealth of … Read more
2023-08-16 09:29:16 By euronews with EFE Published on 08/16/2023 – 11:28•Updated 11:45 According to Eurostat, economic activity in the euro zone increased by 0.3% during the second quarter of the year. Economic activity in the Eurozone increased by 0.3% during the second quarter of the year, while GDP for the European Union as a whole … Read more
2023-07-18 10:37:35 Technology has always boosted economic growth, and now a new technology is in the works that promises to support growth when it is about to seriously decline in several countries. A team of scientists at Harvard claims to have found a chemical cocktail that has the potential to reverse the aging process. “We’ve … Read more
2023-07-01 08:45:00 IMF grants $3 billion in aid to crisis-stricken Pakistan The International Monetary Fund (IMF) concluded an agreement, this Friday, June 30, with Pakistan to grant it a loan facility of 3 billion USD. The Asian country is indeed experiencing serious financial difficulties. He asked for help from the IMF to avoid a default … Read more
2023-06-07 08:26:10 Status: 07.06.2023 10:26 a.m Weak global demand has caused China’s exports to collapse. German industry is also feeling the effects of the ongoing economic downturn. Meanwhile, the OECD expects the global economy to recover slowly. World export champion China felt the slowdown in global growth in May. Exports from the People’s Republic fell … Read more
2023-05-28 13:26:07 While India is not the richest country in the world, the tax collection here is one of the highest and the income tax rate should be reduced to 25 per cent from around 40 per cent at present, eminent economist Surjit Bhalla said. While speaking to PTI, Bhalla said reduction in tax rate … Read more