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CATEGORY

Economy

RBI Imposes Monetary Penalty on Four Banks for Non-Compliance with Regulations

INDIA: The Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks across the country for non-compliance with its different regulations,...

World GDP Growth Forecast 2023: India Leads Major Nations in Economic Growth

INDIA: In its World Economic Outlook report, the International Monetary Fund (IMF) predicted that India would outperform large economies like China and the United...

Recession Tightens Grip on German Economy as GDP Shrinks in Q1

GERMANY: The German economy shrank in the first three months of 2023 as compared to the previous three months, thereby entering a recession, as per...

Western and Central Europe Defence Expenditure Peaks Last Year Due to Cold War

UNITED KINGDOM: A yearly report has brought to light that central and western Europe's defence spending has crossed that of 2022 during the Cold...

Financial Concerns Outweighed by Inflation as Central Banks Continue to Tighten Policy

UNITED STATES: As central banks continue to tighten policy, inflation concerns outweigh financial worries. Global monetary officials are focusing on inflation and interest rates...

Finance Minister Nirmala Sitharaman Address Key Points of Indian trade at Washington D.C.

INDIA: Finance Minister Nirmala Sitharaman, who is known for her phenomenal abilities to bring about a new change in India, recently made her way to...

Interest Rates Likely to Drop to Pre-COVID Levels, Predicts IMF

UNITED STATES: Interest rates in major economies are anticipated to drop to pre-pandemic levels because of poor productivity and an ageing population, a forecast...

The Giffen Good: A Rare and Puzzling Economic Phenomenon

INDIA: In economics, the Giffen good is a rare and puzzling phenomenon that challenges the simple laws of supply and demand. A Giffen good is...

Asia’s Factory Activity Depletes as Global Demand Wavers

JAPAN: Asia's factory activity depleted in March as weak overseas demand reduced output, say surveys released on Monday, indicating that the region's recovery will...

Delhi Budget 2023-24: AAP Govt Presents Rs 78,800 Crore Budget

INDIA: Delhi finance minister Kailash Gahlot presented a Rs 78,800 crore budget in the Delhi Assembly for the financial year 2023–24. This resubmission of...

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