Economic Condition
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Why Sri Lanka's economy collapsed and what's next | Explained
World | Jun 23, 2022, 03:59 PM ISTPrime Minister Ranil Wickremesinghe, who took office in May, was emphasising the monumental task he faces in turning around an economy he said is heading for “rock bottom.” Sri Lankans are skipping meals as they endure shortages, lining up for hours to try to buy scarce fuel. It's a harsh reality for a country whose economy had been growing quickly, with a growing and comfortable middle class, until the latest crisis deepened.
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Sri Lanka: Thousands protest amid deteriorating economic conditions, fuel shortage
World | Nov 17, 2021, 12:49 PM ISTThe march came as Sri Lankan Parliament debated the national budget for 2022.
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Afghanistan on verge of economic collapse as cash crisis continues
World | Sep 17, 2021, 02:02 PM ISTBesides this, the US stopped USD 9.4 bn in reserves to the country's central bank, The New York Post reported. Moreover, IMF, World Bank have also stoped loans, and Financial Action Task Force warned its 39 member nations to block Taliban assets.
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UK retail sales fall sharply despite easing COVID pandemic curbs
World | Aug 21, 2021, 01:49 PM ISTMeanwhile, automotive fuel sales volumes decreased by 2.9 pc over the month, marking 1st monthly fall since Feb 2021, the ONS data showed.
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Goa economy hit by coronavirus scare, mining halt: GMPF
India | Mar 16, 2020, 04:51 PM ISTWith coronavirus fears impacting the Goa's tourism sector, umbrella body of mining dependents GMPF on Monday sought immediate resumption of mining activities in the state which is already reeling under a financial stress due to mining halt.
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Tata Motors to halt production for three days in Jamshedpur due to 'prevailing economic condition'
Jun 27, 2012, 08:30 PM ISTJamshedpur, Jun 27: Production will be halted at Tata Motors block here for three days from Thursday because of the 'prevailing economic condition', the company said on Wednesday. "A block closure has been announced from
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HSBC Says Rupee Can Plumb To 58 Against Dollar
Nov 24, 2011, 08:49 PM ISTMumbai, Nov 24: The rupee can slide further and touch a level of Rs 58 a dollar in the near-term if the economic condition deteriorates in the Eurozone economies, top banking officials of HSBC Bank