Adding another welfare measure to the many announced by the Ashok Gehlot-led Rajasthan government in recent months, the state Assembly passed legislation on August 2 to establish a farmers’ debt relief commission. The five-member commission will be led by a retired high court judge. The objective and reason for the Bill state: “The… Continue reading A political response to economic problem
Tag: economic
India’s growth trajectory secure: FinMin’s monthly economic review
Improved monsoon, solid fiscal performance, and capex push by the public and private sectors augurs well for India’s macroeconomic stability and growth, the finance ministry’s monthly economic review for June 2023 said. But the report said that while India’s domestic fundamentals remain strong, negative cross-border spillovers and adverse global developments could act as… Continue reading India’s growth trajectory secure: FinMin’s monthly economic review
Pakistan PM Sharif invites Turkey to join China-Pakistan Economic Corridor
Pakistan Prime Minister Shahbaz Sharif on Wednesday invited Turkey to join the ambitious China-Pakistan Economic Corridor (CPEC), turning it into a trilateral arrangement so that all three friendly nations could benefit from its potential. Sharif made the remarks at the launch ceremony of a fourth MILGEM class corvette warship PNS Tariq, which was… Continue reading Pakistan PM Sharif invites Turkey to join China-Pakistan Economic Corridor
Formula E race in India made economic impact of nearly Rs 700 cr: Report
Formula E’s only double champion Jean-ric Vergne won the highly competitive race, which was watched live in more than 150 countries around the world. Formula E’s first-ever race in India, held in February earlier this year, made an economic impact of nearly Rs 700 crore, according to a report. The economic study conducted… Continue reading Formula E race in India made economic impact of nearly Rs 700 cr: Report
10 people declared fugitive economic offenders since 2018: Centre
Ten people, including liquor baron Vijay Mallya and diamond merchant Nirav Modi, have been declared as fugitive economic offenders by courts since 2018, Rajya Sabha was informed on Tuesday. The Fugitive Economic Offenders Act (FEOA) was enacted by the Narendra Modi government in 2018 to crackdown on those who are charged with high-value… Continue reading 10 people declared fugitive economic offenders since 2018: Centre
Wall Street, global stocks remain flat ahead of earnings, economic data
Wall Street and global stocks were virtually flat on Monday while oil prices gained and the dollar was little changed, as traders looked ahead to corporate earnings, central bank meetings and a key employment report due this week. The Dow Jones Industrial Average rose 0.11%, to 35,499.78, the S&P 500 was little changed… Continue reading Wall Street, global stocks remain flat ahead of earnings, economic data
Sri Lanka records single-digit inflation for 1st time since economic crisis
Sri Lanka Flag (Photo: Wikipedia) Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis. In a statement, the Census and Statistics Office of the Sri Lankan… Continue reading Sri Lanka records single-digit inflation for 1st time since economic crisis