Articles for Economic & Financial

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25
1 week ago

Centre receives ₹8,625 crore as disinvestment receipts so far in 2024-25

Live Mint  

New Delhi, December 16 : The government has realised ₹8,625 crore through various minority stake sale disinvestments so far during the current financial year 2024-25, MoS Finance Pankaj Chaudhary informed Lok Sabha on Monday in a written reply. 8,625 crore through various minority stake sale disinvestment transactions during the current financial year," the minister said in his written reply in …

Disinvestment Strategic Cpse Strategic Disinvestment
Mauritius offers India a gateway for strategic cooperation with Africa
3 weeks ago

Mauritius offers India a gateway for strategic cooperation with Africa

Live Mint  

Mauritius is an important gateway for India’s strategic and economic partnership with Africa. Located in the Indian Ocean, Mauritius is in a position to leverage its geographic location, robust economic policies and regional agreements to facilitate trade and investment between India and Africa in consonance with India’s Africa strategy as laid down by Prime Minister Narendra Modi. With the African …

India Africa Trade Financial Indian Economic African
India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore
2 months ago

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore

ABP News  

India's tax filers have seen a significant surge in recent years, with the number of individuals reporting taxable incomes exceeding Rs 1 crore surging fivefold in the assessment year 2023-24. This growth has been driven by both an increase in the total number of taxpayers and an increase in the number of individuals with taxable incomes exceeding Rs 1 crore.

Taxation Income & Wealth Economic & Financial Government & Policy
China, Japan Economic Cooperation: A Strategic Partnership for Growth
2 months ago

China, Japan Economic Cooperation: A Strategic Partnership for Growth

China Daily  

China and Japan are poised for further economic and financial cooperation, with both nations recognizing the immense potential for growth in their collaboration. Discussions at the Tokyo parallel forum highlighted the strong foundation for cooperation in areas such as carbon peaking and green technology, as well as complementary strengths in the financial sector. Both countries could pursue deeper collaboration on …

Business Law Technology Global Tokyo
Economic Survey: IBC has transformed credit market landscape for good
5 months ago

Economic Survey: IBC has transformed credit market landscape for good

Live Mint  

New Delhi: The Economic Survey lavished praise on the Insolvency and Bankruptcy Code, saying the 2016 law has had a profound impact on India's credit market landscape. It has helped reduce banks' stress by lowering bad loans, rescued failing corporate debtors, and revitalized distressed assets in the real sector, injecting fresh momentum into the financial markets' recovery segment, the Economic …

India Corporate Insolvency Steel Survey Real Ibc
US, Chinese economies shouldn't abruptly divorce
1 year, 3 months ago

US, Chinese economies shouldn't abruptly divorce

China Daily  

MA XUEJING/CHINA DAILY The economies of the United States and China together constituted 43 percent of the global economy before the COVID-19 pandemic. The US and China are engaged in a destabilizing trade war while trying to deal with the economic problems caused by the pandemic, The Russia-Ukraine conflict, worldwide instability caused by the sudden 5 percent increase in US …

Economy Growth Chinese China Daily Policies Map Mad
Pessimism of some Westerners cannot hinder China's growth
1 year, 3 months ago

Pessimism of some Westerners cannot hinder China's growth

China Daily  

A view of the Huangpu River in Shanghai. However, the article comes just days after Bloomberg founder Michael Bloomberg visited China, met the governor of the People's Bank of China and other senior finance officials, and expressed his desire to have long-term and greater cooperation with Chinese financial organs which he said are playing an increasingly important role in the …

Economy China Economic Bloomberg
G7 Finance Ministers to meet in Japan to tackle global economic challenges
1 year, 7 months ago

G7 Finance Ministers to meet in Japan to tackle global economic challenges

The Hindu  

The financial leaders of the Group of Seven wealthy nations meet in Japan beginning on May 11 as a standoff over the U.S. debt ceiling. Mr. Biden said he was “absolutely certain” that the country could avert a default, declaring that failure to meet America’s obligations, upon which much of the world’s finances are based, “is not an option.” Mr. …

Japan Bank Biden Meet Yellen Global Economic
How the failure of Silicon Valley Bank might have affected the entire financial system
1 year, 8 months ago

How the failure of Silicon Valley Bank might have affected the entire financial system

Firstpost  

Research suggests that a run-on deposits at Silicon Valley Bank and Signature Bank could have set off a cascading series of bank failures, crippling small businesses and economic activity across wide parts of the country Washington: The federal government’s rescue of two failed banks last month has drawn criticism from some lawmakers and investors, who accuse the Biden administration and …

Failure Financial Banking Bank Economic Interest Rates New York
UK central bank hikes rates like Fed amid financial turmoil
1 year, 9 months ago

UK central bank hikes rates like Fed amid financial turmoil

Associated Press  

LONDON — The Bank of England extended its battle against inflation Thursday, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system. Britain’s central bank boosted its key rate by a quarter-percentage point to 4.25%, a day after the U.S. Federal Reserve approved a similar move to tame price increases …

England Inflation Economic Growth Bank Economic Interest Rates Central
Amid growing economic woes, Pakistan stops clearance of bills, salaries: Report
1 year, 9 months ago

Amid growing economic woes, Pakistan stops clearance of bills, salaries: Report

India Today  

In the wake of worsening economic difficulties, the Pakistan Finance Ministry has directed the Accountant General of Pakistan Revenues to block the salaries of all federal government employees, including cabinet members, as per a local media report. The report follows after the Pakistan government headed by Prime Minister Shehbaz Sharif decided to implement a string of measures to avert a …

Pakistan Pti
EU proposes more forgiving debt plans a decade after crisis
2 years, 1 month ago

EU proposes more forgiving debt plans a decade after crisis

Associated Press  

BRUSSELS — The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and several other countries during the debt crises a decade ago and helped push millions into poverty, homelessness and unemployment. The European Commission, the EU’s executive arm, said Wednesday that the new plans would give member …

Economic Debt Greece Crisis European Eu Nations
The UK just stepped back from the brink. But there’s more trouble ahead
2 years, 2 months ago

The UK just stepped back from the brink. But there’s more trouble ahead

CNN  

London CNN Business — The decision by Jeremy Hunt, the new UK finance minister, to jettison the bulk of Prime Minister Liz Truss’ much-maligned plans to boost growth has come as a huge relief to investors, easing their worries about the sustainability of government finances. It said it sees “additional downside risks to growth” following Hunt’s announcements on Monday. “The …

Growth Inflation Financial Markets Hunt Truss
Outlook for economy has ‘deteriorated markedly’ due to soaring prices, Bank of England warns
2 years, 5 months ago

Outlook for economy has ‘deteriorated markedly’ due to soaring prices, Bank of England warns

The Independent  

Britain's economic outlook has "deteriorated materially” thanks to soaring prices stoked by Russia's invasion of Ukraine, the Bank of England has said. UK lenders will be ordered to hold an extra £22bn of capital as a buffer against economic shocks from July next year, the Bank said on Wednesday. “The economic outlook for the UK and globally has deteriorated materially,” …

Financial Bank Prices Bank Of England
India’s vulnerability in the global economic tumult
2 years, 7 months ago

India’s vulnerability in the global economic tumult

The Hindu  

This is going to be a year of severe economic turbulence globally. It’s a perfect storm: prolonged war in Ukraine; high and rising inflation and public debt; currency wars; trade tensions; commodity shortages; and heightened uncertainty and asset prices volatility that may lead to financial instability. Is India less or more vulnerable than at the time of the global economic …

India Policy Growth Financial Economic Rate Rbi
Recession warning as confidence among shoppers falls to lowest since 2008 financial crash
2 years, 8 months ago

Recession warning as confidence among shoppers falls to lowest since 2008 financial crash

The Independent  

Sign up to our free Living Well email for advice on living a happier, healthier and longer life Live your life healthier and happier with our free weekly Living Well newsletter Live your life healthier and happier with our free weekly Living Well newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. …

Spending Cent Living Well Living Crisis
Russian finance minister urges BRICS to band together to mitigate economic crisis
2 years, 8 months ago

Russian finance minister urges BRICS to band together to mitigate economic crisis

Firstpost  

Anatoly Siluanov blamed economic sanctions on Russia for ‘destroying the foundation of the existing international monetary and financial system based on the US dollar’ and urged BRICS to rely more on their national currencies in foreign trade Moscow: Russian Finance Minister Anatoly Siluanov said on Saturday that the five BRICS countries could mitigate the backlash of Western sanctions against Russia …

Russia Brics Russian
Principal Advisor (Financial & Economic Analysis) Vacancy At TRAI, New Delhi
2 years, 8 months ago

Principal Advisor (Financial & Economic Analysis) Vacancy At TRAI, New Delhi

Live Law  

Telecom Regulatory Authority of India invites applications for the post of Principal Advisor in TRAI HQ, New Delhi on deputation on foreign service terms. Name of the Post: Principal Advisor Essential Qualification and Experience • A Master / Bachelors Degree in Business Administration/ Economics/ Commerce/ Engineering/ Law/ Science /Humanities from a recognized University/ institution or, Membership of the Institute of …

Economic New Delhi Regulatory Authority Economic Analysis Principal Advisor
US treasury secretary says Biden wants Russia out of G20
2 years, 8 months ago

US treasury secretary says Biden wants Russia out of G20

Al Jazeera  

Janet Yellen said Russian atrocities are an affront to global order that will have widespread economic repercussions. US Treasury Secretary Janet Yellen has warned that Russia’s aggression in Eastern Europe will have “enormous economic repercussions in Ukraine and beyond,” and that President Joe Biden wants Russia expelled from the Group of 20 major economies forum. “President Biden’s made it clear, …

Ukraine Russia Treasury G20 Biden Russian Yellen
Banks and tech firms should be made to refund victims of fraud on their websites, MPs say
2 years, 10 months ago

Banks and tech firms should be made to refund victims of fraud on their websites, MPs say

Daily Mail  

Tech giants such as Google and Facebook could be forced to pay out to users who fall victim to fraud on their sites under proposals set out by MPs today. Ministers should look at imposing a 'financial responsibility' that forces social media firms to tackle the scams rife on their platforms, the Commons Treasury committee said. Rocio Concha, of consumer …

Government Fraud Financial Tech Google Online Treasury
Dutch Central Bank slashed 2022 economic forecast; Long-term vision for pandemic needed
3 years ago

Dutch Central Bank slashed 2022 economic forecast; Long-term vision for pandemic needed

NL Times  

The Dutch Central Bank reduced its economic growth forecast for the Netherlands in 2022, predicting that the hard lockdown announced last weekend will be a blow to the Dutch economy. The central bank predicted the country will achieve growth of 2.2 percent next year, down from the 3.6 percent it previously projected. In a hastily produced calculation, Olaf Sleijpen, the …

Dutch Dnb Sleijpen
Dollar hegemony could spark a new crisis
3 years, 7 months ago

Dollar hegemony could spark a new crisis

China Daily  

MA XUEJING/CHINA DAILY Editor's Note: The United States government has implemented huge economic stimulus measures. With fears of stagnation in the US rising, especially after lower than expected job creation and consumption growth in April, the Federal Reserve has proposed a new monetary policy, reverting interest rates to zero and resorting to unlimited quantitative easing, as it had done when …

Policy Market Financial Oil Economic Interest Rates Interest
Border towns Echuca-Moama rejoice at reopening, but 'crushing' financial toll revealed
4 years, 1 month ago

Border towns Echuca-Moama rejoice at reopening, but 'crushing' financial toll revealed

ABC  

As the border towns of Echuca and Moama prepare to celebrate the reopening of the New South Wales–Victoria border tomorrow, the profound long-term economic impact of a "quite crushing" 2020 has been revealed. Key points: Before COVID-19, tourists spent 2.4 million nights a year in Echuca-Moama But the area was hit hard when the NSW-Victoria border closed Modelling shows a …

Border Echuca Moama