Pakistan Receives $7 Billion Bailout from IMF amidst Economic Crisis
Pakistan has received a bailout by the International Monetary Fund (IMF) of $7 billion. This agreement will span 37 months and has provided aid to the country’s economy, which is…
China to slash mortgage rates by October
China Central Bank declared on Sunday that it would allow the banks to bring down the mortgage rates for home loans in October. They have cut the costs of the…
China’s Central Bank Steps Up with Rate Cuts to Revive Economic Momentum
The People's Bank of China (PBOC) has recently taken measures to boost the monetary expansion alongside supporting the real estate market in a bid to stimulate the economy that is…
Reliance Power shares hit upper circuit
The shares of Reliance Power Ltd. have hit upper circuit as the company settled Rs. 3,872 crore of debt due to being a guarantor for Vidarbha Industries Power (VIPL). The…
West and Southern states have steady growth, Bengal in decline: EAC-PM report
As western and southern states have performed better in over six decades from 1960-61 to 2023-24, West Bengal has shown a consistent decline, a working paper by the Economic Advisory…
Kenya airport staff strike over bid by Adani Group
At least hundreds of airport working members called a strike due to a planned buyout by India's Adani Group, which led to grounding flights and passengers being stranded. The workers…
Amidst many developments regarding technology in the Budget 2024 – Tech Titans respond
The honourable Finance Minister Nirmala Sitharaman announced the Union Budget on the 23rd of July 2024, the budget included many industrial developments, and the technology sector also found itself being…
Union Budget of India 2024: Key Highlights to watch out for
On 23rd July 2024, Nirmala Sitharaman, the Finance Minister of India, put forth the Union Budget to the nation. The budget is closely designed around Viksit Bharat, all the schemes…
Resolutions under insolvency law likely to touch 300 this year: IBBI Chief
Senior officials have indicated that the number of resolutions for stressed assets under the insolvency law is expected to reach 300 in the current financial year. This marks an 80…
Fitch Maintains India’s FY24 Growth Prediction at 6.3%, Highlights Concerns About Inflation
Fitch Ratings has maintained its growth forecast for India's current fiscal year at 6.3 percent, citing the nation's remarkable economic resilience, despite the imposition of tighter monetary policies and a…