India targetting $500 billion export for 2022-23 fiscal
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
In highly uneven recovery, global investment flows rebound
New York: After a big drop last year caused by the COVID-19 pandemic, global foreign direct investment (FDI) reached an estimated $852 billion in the first half of 2021, showing a stronger than expected rebound.
How Stock Market Affects Economy
If you have ever wondered if the stock market would play a part in the economy. You are surely right on that thought, and it takes a big part. You might hear people saying the stock market has done this to the economy of our country, the stock market has done to the economy of our country and so much more, are they just saying that or is it real? Is it true? Let's find out here.
Economy treads cautiously optimistic on pent-up demand: ASSOCHAM
Kolkata/IBNS: After a tough first quarter, the Indian economy is finding demand back on the back of a strong level of activities in construction -related business, consumer durables like air-conditioners, refrigerators and other electrical gadgets and rural segments of the fast moving consumer goods, ASSOCHAM said in a statement.
Sensex zooms up 677.17 pts during the week
Mumbai/UNI: The BSE Sensex rallied 677.17 points or 1.32 per cent to settle at 52,100.05 in a week as fresh Covid cases continue to decline and vaccination pace picks up.
Digital economy can put citizens in control of finance, says UN taskforce
New York: A UN taskforce set up to look into the risks and benefits of the digital economy, has concluded that it could have a transformational impact on sustainable development, and empower citizens, both as taxpayers and investors.
Moody's downgrades India's rating to Baa3. Check how business community reacted
New Delhi/Mumbai/IBNS: For the first time in more than two decades, Moody's Investors Service, which is the bond credit rating business of Moody's Corporation, has downgraded India's rating from 'Baa2' to 'Baa3' besides estimating the country's Gross Domestic Product (GDP) to shrink by 4 per cent.
PM Modi gets back to 'governance agenda', focuses on 'turnaround' in economy
New Delhi/UNI: Under attack on multiple fronts and for the first time facing an onslaught of 'revolts' over CAA and violence in varsity campuses, Prime Minister Narendra Modi has turned focus on economy and on Thursday apparently took charge of Budget making and met various stakeholders including economists, venture capitalists and senior colleagues in the government.
India's retail inflation touches 2.05 pct in January
New Delhi, Feb 12 (IBNS): India's retail inflation touched 2.05 percent in January 2019 compared with a revised 2.11 percent in December 2018, as per government data released on Tuesday.
Indian government rejects World Bank's HCI report
New Delhi, Oct 12 (IBNS): The Indian government has rejected the World Bank's Human Capital Index (HCI) findings where it has placed the Asian nation at 115th position out of 157 countries on various parameters.
Argentina seeks quick release of $50bn loan from IMF as inflation soars
Buenos Aires, Aug 30 (IBNS): Argentina has asked for a quick release of $50 billion loan from the International Monetary Fund (IMF) in order to battle its soaring inflation.
Disasters cost billions in agricultural losses, poor farmers bear brunt – UN report
New York, May 16 (JEN): A crowded field of threats that includes drought, floods, animal disease outbreaks and chemical spills are among the disasters costing farmers in the developing world billions of dollars each year, according to a new report from the United Nations agriculture agency.
New York, Jan 29 (JEN): A surge in conflict-induced needs in Africa and the Middle East, coupled with an increase in climate shocks that pummel the most vulnerable everywhere, have given fresh urgency to calls for the international community to work in a new way that not only ends humanitarian needs but reduces them over time, United Nations Secretary-GeneralAntónio Guterres said Sunday.
Banks should shed reluctance in lending to urban poor as recovery is 98%, says M.Venkaiah Naidu
New Delhi, June 27 (IBNS) Reiterating the Government’s top priority of eliminating poverty, Minister of Housing & Urban Poverty Alleviation M.Venkaiah Naidu today urged the commercial banks to shed their reluctance in lending to the urban poor.