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...

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