Economy
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Pakistan's total debt, liabilities cross Rs 50 trillion - more than country's GDP
World | Nov 25, 2021, 01:27 PM ISTThe Pakistan PM said that the rising foreign debts and low tax revenue had become an issue of 'national security'.
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'We don’t have enough money to run our country': Pak PM Imran Khan
World | Nov 23, 2021, 11:00 PM IST"Our biggest problem is that we don’t have enough money to run our country due to which we have to borrow loans,” said Pak PM Imran Khan.
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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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India to become USD 5 trillion economy by 2024-25: Hardeep Puri
Business | Oct 22, 2021, 12:23 PM ISTOn Air India privatisation, minister Hardeep Puri said given the fact that both the bids were higher than the reserved price, only proved that Air India was a first-rate asset.
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Emerging from 'very tough' 2nd wave, India keeps top global spot with 9.5% GDP growth
Business | Oct 12, 2021, 08:28 PM ISTIndia’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
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Indian economy has bottomed out; formal sector may get back to pre-Covid level by year-end: Montek
Business | Sep 23, 2021, 07:45 PM ISTThe Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services sectors in spite of a devastating second wave of COVID-19 case.
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Country's economy is booming after second COVID-19 wave, that's what we have read: Supreme Court
India | Sep 03, 2021, 08:22 PM ISTThe bench said that petitioners are at liberty to seek remedy under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act), 2002.
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Pakistan's economy heading in right direction: President Arif Alvi
World | Sep 02, 2021, 02:26 PM IST"Business community played a significant role in the economic development of Pakistan and a number of steps have been taken to facilitate them, particularly during Covid," the Prez said.
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Delta variant challenges China's costly lockdown strategy
World | Aug 05, 2021, 02:35 PM ISTThe new infections, many in people who have already been vaccinated, have jolted global financial markets, which worry Beijing’s response might disrupt manufacturing and supply chains.
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US economy grows at annualised 6.5% in Q2
World | Jul 30, 2021, 10:06 AM ISTHowever, the 6.5 pc gain was considerably less than the 8.4 pc Dow Jones estimate, Xinhua news agency reported.
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US Federal Reserve keeps interest rates near zero amid inflation
World | Jul 29, 2021, 07:19 AM IST"The path of the economy continues to depend on course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain," the Fed said in a statement after concluding a two-day meeting, Xinhua reported.
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COVID 2nd wave may have more lasting damage on economy, exports to drive recovery: Moody's Analytics
Business | Jul 26, 2021, 05:19 PM ISTIn India, where exports make up relatively small shares of the economy, high commodity prices have boosted the value of exports. This is one factor that helped reinvigorate India after its first devastating wave of COVID-19.
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India's coal import rises over 20 per cent in May; import volumes may be subdued in ongoing monsoon
Business | Jul 11, 2021, 10:26 AM ISTThe country had imported 16.54 MT of coal in May last fiscal, according to data compiled by mjunction Services.
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COVID booster shot for Rajasthan's dying camel economy
India | Jul 11, 2021, 09:02 AM ISTCamels have also emerged as saviours of schools in remote villages that are not connected by roads or do not have the luxury of internet connectivity.
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COVID pandemic continues to weigh on economy, labour market: US Federal Reserve
World | Jul 10, 2021, 12:53 PM IST"Over 1st half of 2021, progress on vaccinations has led to a reopening of the economy and strong economic growth, supported by accommodative monetary and fiscal policy," the Fed said in its semi-annual monetary policy report to Congress on Friday.
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Pandemic-hit economy started to look up in late-May and early June: RBI Governor
Business | Jul 01, 2021, 10:56 PM ISTReserve Bank of India (RBI) Governor Shaktikanta Das said that the second wave of pandemic has taken grievous toll on India.
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Second Covid wave derailed hospitality industry recovery: ICRA
Business | Jun 30, 2021, 06:43 PM ISTSince mid-April, the industry has been affected by the pandemic-related lockdowns/restrictions on mobility by various states and increased wariness to travel due to fear of infection contagion, ICRA said in statement.
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Key US inflation measure posts biggest increase since 1992
World | Jun 26, 2021, 02:13 PM ISTThe so-called core personal consumption expenditure price index, the Fed's preferred inflation measure, jumped 3.4 per cent in May from a year ago, the largest 12-month increase since April 1992, Xinhua news agency quoted the Dept as saying on Friday.
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COVID: Markets in Hyderabad reopen after Telangana govt lifts lockdown
News | Jun 20, 2021, 01:42 PM ISTFollowing significant drop in the COVID-19 cases, Telangana government has lifted lockdown restrictions in the state from June 20. Government has decided to re-open all the educational institutes from July 01.
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Master Plan of Delhi 2041: From creating 24-hour city with night-time economy to affordable housing
India | Jun 09, 2021, 11:46 PM ISTThe draft of MPD-2041, which was put in the public domain on Wednesday for suggestions and objections, largely covers the policies of environment, economy, mobility, heritage, culture and public spaces among others.