German Economy

Photo: India Today

Germany Economy Falls By 0.1% In Q3, Heading To Recession?

Germany officials released data of the downfall in the nation's economy, as the GDF is down by 0.1% in the last three months. As per the experts of economics, Germany is expected to fall into recession. While there are several reasons behind the fall, the one major cause is the lowering urge of youngsters, spending money, along with causes like Ukraine-Russia war affect and lapse in construction, automobile Industry.

Mon, 30 Oct 2023 - 04:59 PM / by Varsha Joshi

Tags: Economy, Germany, Quarter 3, Recession, Economic Experts

Courtesy: Reuters

Union Budget

Photo: Times of India

Union Budget 2023: Items Which Got Affordable & Dearer This Year

With the Union Budget 2023-2024 announced in the parliament, here is the list of items which cost costlier and cheaper in 2023. List of items which became costlier: Gold and platinum jewellery, Copper scrap, Silver articles, read-more

Wed, 01 Feb 2023 - 02:07 PM / by Varsha Joshi

Tags: Economy, Union budget, Essential Commodities, Nirmala Sitharaman, Indian government

Courtesy: Zee News India

Alex Ellis

Photo: Asia House

India Will Surpass UK & Become 3rd Largest Economy By End Of Decade: UK High Commissioner

British High Commissioner to India Alex Ellis said that India will surpass United Kingdom to become the third largest economy in the world by the end of this decade. He then stated that both the nations must work together. He then said that the UK leaving European Union opens a lot of opportunities for the UK to work with India. He said, a Free Trade Agreement will be completed by Diwali.

Wed, 21 Sep 2022 - 09:00 PM / by Shibu Immanuel S

Tags: Free Trade Agreement, Economy, India, Alex Ellis, UK

Courtesy: ANI

Nirmala Sitharaman with US Secretary of Commerce

Photo: FinMinIndia/Twitter

Nirmala Sitharaman Meets US Secretary of Commerce

Finance Minister Nirmala Sitharaman discussed economic cooperation in terms of bilateral and international ties with the US Secretary of Commerce, Gina Raimondo, during their meeting. Sitharaman, who has been on an official visit to the US, also attended the G20 Finance Ministers and Central Bank Governors meeting, which mostly revolved around global health and economic risks. She would leave for San Francisco 24th April, to meet up with… read-more

Thu, 21 Apr 2022 - 09:54 AM / by Varun Das

Tags: World news, Economy, Global Economy, Nirmala Sitharaman

Courtesy: ANI


Photo: News18

Centre Tweaks FEMA To Permit 20% FDI In LIC

The Central Government has tweaked the Foreign Exchange Management Act (FEMA) rules to allow as much as 20% foreign direct investment (FDI) in the LIC. The government is mulling over plans to dilute its stake in the insurance company via the Initial Public Offering (IPO). Earlier in February this year, the LIC had filed the Draft Red Herring Prospectus (DRHP) before the Sebi for the Initial Public Offering.

Mon, 18 Apr 2022 - 10:50 AM / by Varun Das

Tags: Economy, LIC, IPO, SEBI, business

Courtesy: Zee News

Sri Lankan market

Photo: Freedom House

Sri Lanka's Tourism Sector In Deep Waters Amid Russia-Ukraine Conflict

With the ongoing Russia-Ukraine crisis, Sri Lanka is facing a downfall in its tourism sector. Reportedly, 25% of the foreign tourists in Sri Lanka are from Russia and Ukraine. After flights were cancelled, the tourists are stranded in the island country, without being able to return to their nations. Also, most of the tourists have run out of money. The Sri Lankan government has extended their visas by two months.

Sat, 05 Mar 2022 - 10:21 AM / by Rupsa Debnath

Tags: Ukraine Russia Crisis, Sri Lanka, Russia, Economy, Travel

Courtesy: News 18

UK Inflation

Photo: Reuters

UK Inflation Rate Soars To Highest In Last 30 Years

According to official data, the UK inflation jumped to 5.4% in December, becoming the highest in 30 years. It has put more pressure on the Bank of England to raise interest rates next month. The higher energy costs, resurgent demand, and supply chain issues continued to drive up consumer prices. The surge in CPI is likely to impact food and drink, restaurants, furniture following household goods.

Thu, 20 Jan 2022 - 09:00 AM / by Shaloo Priya

Tags: World, UK, Inflation, Economy, Bank of England

Courtesy: The Economic Times

India-UK Trade deal


India-UK Trade: Aims To Boost Economy & Employment Between 2 Countries

India and UK launched negotiations on Free Trade Agreement at an event in New Delhi. Indian Minister Piyush Goyal and UK Trade Secretary Annie Marie Trevelyan initiated talks that could benefit the economy of both countries. ''We'll expand trade between the countries to increase employment for both'', quoted Mr Goyal. The agreement will boost the total trade of Rs 2 trillion a year by 2035.

Thu, 13 Jan 2022 - 07:15 PM / by Shaloo Priya

Tags: India Uk trade, Economy, Piyush Goyal, Annie-Marie Trevelyan, New Delhi

Courtesy: ANI News

Grant Robertson

Photo: ODT

New Zealand's Unemployment Rate Drops To 3.4%

According to Deputy PM Grant Robertson, New Zealand recorded its lowest unemployment rate, matching its December 2007 record. The unemployment rate decreased to 3.4% in September from 4% in June. Furthermore, there was an increase in employment by 54,000 in the same quarter, out of which, 39,000 were women. Minister for… read-more

Wed, 03 Nov 2021 - 01:15 PM / by Nehal Surana

Tags: New Zealand, Unemployment rate, WOMEN EMPLOYEES, Covid-19, Economy

Courtesy: ANI

Shaktikanta Das

Photo: The Economic Times

RBI Maintains Status Quo On Repo Rate At 4%

For the seventh consecutive time, the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has kept the benchmark interest rate unchanged at 4%. Reportedly, the "accommodative stance is maintained as the economy is still recovering from the COVID-19 second wave". This move supports growth and keeps inflation in check. Accordingly, the reverse repo rate will remain at 3.35% and annual inflation at 4%.

Fri, 06 Aug 2021 - 01:32 PM / by Aditi Chavan

Tags: RBI, SHAKTIKANTA DAS, monetary policy committee, interest rate, Economy