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China’s 2024 GDP growth set to hit target of around 5%, says Xi Jinping
China is expected to set a 2025 growth target roughly similar to...
Wayanad landslide declared as ‘disaster of severe nature’
``Keeping in view the intensity and magnitude of the Meppadi...
Cyber crime to cost economies $10 trn by 2025: MS official
''Cyber security is the biggest threat to digital transformation and to the planet. Cyber crime costs economies more than USD 6 trillion each year today and that is expected to reach nearly USD 10 trillion by 2025'' New Delhi; Microsoft India President Anant...
Two thirds of households with children across countries lost income since COVID-19 hit
"The modest progress made in reducing child poverty in recent years risks being reversed in all parts of the world. Families have experienced loss at a staggering scale. While last year inflation reached its highest level in years, more than two thirds of households...
Is WHO ready to declare end of pandemic
The WHO said it isn’t currently considering such a declaration. While cases have fallen in many places, fatalities have spiked in Hong Kong, and this week China reported more than 1,000 new daily cases for the first time in two years Instead, the discussions at the...
Climate action lags as COVID hits goals in developing nations
Across the world, COVID-19 has hit economic growth and tax revenue, making it harder for governments - particularly in developing nations - to meet their targets on cutting carbon emissions and adapting to climate change Across sub-Saharan Africa, rising debt...
EPFO interest rate reduced to 4 decade low at 8.1% for 2021-22
Now, after the CBT decision, the interest rate on EPF deposits for 2021-22 will be sent to the Ministry of Finance for concurrence. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry New Delhi: Retirement fund...
Sitharaman invites Canadian pension funds to invest in infra projects
"FM @nsitharaman complimented Canada for housing some of the largest and most successful pension funds globally and welcomed the investments from Canada into India, including in National Monetization Pipeline #NMP and National Infrastructure Pipeline #NIP," the...
FM expects India’s digital economy to see ‘exponential rise’ to $800 bn by 2030
"At the same time, the digital economy in India is being pegged at USD 85-90 billion in the calendar year of 2020 and that will see an exponential rise to USD 800 billion by 2030. They should be reaching USD 800 billion in the backdrop of increased internet...
Global financial conditions at tightest since May 2009 – Goldman Sachs
Financial conditions reflect the availability of funding in an economy and, perceived as strongly correlated with future growth, are watched closely by central bankers.How loose or tight they are dictates spending, saving and investment plans of businesses and...
Russians liquidating crypto in the UAE as they seek safe havens
A financial source in the UAE confirmed that Russians were buying property in Dubai, using crypto as a way of getting their money out of other jurisdictions and into the Gulf state Dubai, the Gulf's financial and business centre and a growing crypto hub, has long been...
Sebi tightens IPO valuation scrutiny, jolts startups eyeing listing: Report
The Securities and Exchange Board of India (SEBI) last month flagged concerns in proposing stricter disclosures, saying more and more new-age tech firms which "generally remain loss making for a longer period" were filing for IPOs, and traditional financial...