Economy
- World
Sri Lanka’s economy has ‘completely collapsed’: Wickremesinghe
Colombo: Sri Lanka’s economy has “completely collapsed” and it is facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food, Prime Minister Ranil Wickremesinghe warned on…
- India
Each state must define a target to make India USD 5-trillion economy: PM
New Delhi: Each state must recognise its strength and define a target as this is crucial for India to become a USD 5-trillion economy, Prime Minister Narendra Modi said on Friday. The…
- World
Sri Lankan PM to present roadmap for economic recovery
Colombo: Sri Lankan Prime Minister Ranil Wickremesinghe is to present a roadmap on overcoming the current economic crisis to Parliament soon, local media reported on Friday. Wickremesinghe said the roadmap will be completed…
- Technology
Global PC shipments to fall 8.2% in 2022 due to economic slowdown
New Delhi: The global macro-economic factors are set to hamper global shipments of traditional PCs this year, leading to a 8.2 per cent fall (on-year) to 321.2 million PC units. Similarly, the…
- Business
World Bank cuts India’s economic growth forecast to 7.5 pc for FY23
Washington: The World Bank on Tuesday cut India’s economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. This is…
- Hyderabad
Non availability of data is serious, says Kundu at Conference on Muslim Women at MANUU
Hyderabad: “2011 to 2021 is the disaster for not only economy and health system but also for the data. The fundamental question is whether data exist and is it usable. We do…
- World
Australia’s economy grows 0.8% despite floods, Covid surge
Canberra: Australia’s economy grew by 0.8 per cent in the first quarter of 2022, beating economists’ expectations. According to figures published by the Australian Bureau of Statistics (ABS) on Wednesday, gross domestic…
- World
Sri Lanka defaults on debt for first time in its history
Colombo: Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years, BBC reported. It…
- Pakistan
Pakistan registers nearly 6% growth in 2021-22, economy rises to USD 383 billion: report
Islamabad: Fuelled by imports and consumption, Pakistan’s growth rate accelerated to nearly 6 per cent during the last year of Imran Khan’s government, the highest pace in four years, helping to increase…
- Business
Cryptos can lead to dollarisation of economy: RBI officials to par panel
New Delhi: Cryptocurrencies can lead to “dollarisation” of a part of the economy which would be against India’s sovereign interest, top officials of the RBI have told a parliamentary panel, according to…
- India
Majoritarianism poses threat to economy: Raghuram Rajan
New Delhi: Former governor of Reserve Bank of India (RBI) Raghuram Rajan said that majoritarianism will not be good for India’s future. While addressing a webinar, he said that government should consider…
- India
State of economy a cause of extreme concern: Chidambaram
Udaipur: The Congress on Saturday said that the state of the Indian economy is a cause of extreme concern as the foreign exchange has depleted by $36 billion, calling for a re-set…
- Business
Companies committed to cut emissions represent $38 tn economy: Report
New Delhi: A record number of companies are committing to and setting science-based climate targets, according to a new research by the Science-Based Targets Initiative (SBTi), the global body enabling businesses to…
- World
Nepal and US sign USD 659 million assistance agreement
Kathmandu: Nepal and the US on Thursday signed a USD 659 million development objective agreement which is aimed at supporting the Himalayan nation’s goal of graduating to a middle-income country. Nepal aims…
- Pakistan
Pakistan gets USD 8 billion in financial support from Saudi Arabia
Islamabad: Saudi Arabia has agreed to provide Pakistan with a “sizeable package” of around USD 8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy, a…
