LiveIndia’s Forex Reserves Fall For Nine Weeks In a Row
India’s forex reserves dropped by $4.9 billion, and reserves declined for the country for a ninth consecutive week. They were $537.52 billion at the end...
Category : ECONOMY
India and Iran Places Digital Tool to Push Trade
Recently, India and Iran successfully settled the first pilot of a fully Digital Intermodal TIR transport to impetus trade via International North-South Transport Corridor (INSTC)...
Direct Tax collection Hits 24% to Rs 8.98 Lakh Crore till October 8
For FY23, the gross direct tax collection of the centre till October 8, 2022, stands for 8.98 trillion, 23.8 per cent, which is higher than...
World Bank Slashes India’s Economic Growth Forecast to 6.5% for FY23
On Thursday, the World Bank slashed its economic growth of India by a per cent to 6.5 per cent for the financial year 2022-23. For...
Asian Development Bank Renders $2.3-2.5 Bn for Floods in Pakistan
The Asian Development Bank proclaimed it would provide $2.3 to 2.5 billion for release processes for devastating floods in Pakistan that affected more than 33...
India’s Services Sector Growth Fell 6-Month Low in September
According to a private survey, India’s services sector activity had slumped to a six-month low by a substantial demand easing amid high inflation. The S&P...
Canada’s Exports Plunge in August as Crude Prices Drag
On Wednesday, Statistics Canada (Statscan) revealed that Canada’s exports dropped 2.9 per cent in August, largely driven by lower crude oil prices. Statistics Canada also...
New Zealand’s Central Bank Raises Rates by 50 Bps
New Zealand’s Central Bank increased interest rates by 50 basis points (bps) to a seven-year high of 3.5 per cent on Wednesday and highlighted more...
IMF Contemplates $1.3 Billion in Emergency Funding for Ukraine
The International Monetary Fund’s (IMF) executive board will be considering Ukraine’s request for $1.3 billion in supplementary emergency funding on Friday as Russia’s war in...
World Bank Approves $400 Mn for Decarbonisation Efforts in Egypt
On Monday, the World Bank Group said that it agreed to provide Egypt with USD 400 million to develop the transportation sectors and logistics and...