LiveGerman Producer Prices Register Record Jump in August
In August, German producer prices surged at their strongest rate since the same month last year. This was primarily driven by surging energy prices, raising...
Category : ECONOMY
Russia Considers $50 Billion Hike in Taxes on Oil, Gas in 2023-2025
Russia is considering increasing taxes on the oil and gas sector to 3 trillion roubles (USD 50 billion) in 2023-2025, mainly to plug the budget...
Advance Tax Mop-Ups 17% Between April-September to Rs 2.95 Trillion
The advance tax collection, both corporate and personal, has grown 10.1 per cent yearly to Rs 1,92,600 crore Q2FY23. The corporation advance tax mop-up in...
FM Sitharaman Highlights Roles of Banking Sector in India’s Economic Growth
On Friday, the 75th annual meeting of the Indian Bank’s Association was held in Mumbai. The Union Finance Minister Nirmal Sitharaman was addressing and highlighted...
India’s Forex Reserves Decline $2.23 Billion to $550.87 Billion
India’s foreign exchange reserves fell by $2.234 billion to $550.871 billion in the week ended September 9, the Reserve Bank of India (RBI) said on...
Italy Government Brings $14 Billion Aid Package Against Inflation
On Friday, Italy approved an aid package worth some 14 billion euros (USD 14 billion) to shield companies and families from rising energy costs and...
US Government Targets Crypto Enforcement, Digital Asset Rules
On Friday, the Biden administration said that the US government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation....
RBI to Raise Repo Rate to 5.9%: Morgan Stanley
In the credit policy, the monetary policy committee plans to raise the repo rate by 50 basis points to 5.90 per cent and keep the...
Global Recession Has Emerged Amid 5 Years of Massive Rate Hikes, World Bank Says
The World Bank said in a new report that the global economy could face a recession next year due to a wave of aggressive tightening,...
Possible Risk of Recession Next Year, Says French Central Bank
On Thursday, the French Central Bank said that the French economy is likely to slow sharply next year due to Europe’s energy crisis, with a...