A man counts Indian currency notes inside a shop in Mumbai, India. Reuters
It’s not even a month since India’s Finance Minister, Nirmala Sitharaman presented her maiden budget and the writing is on the wall — tough days are coming. Brace up (“India’s passenger vehicle sales drop at steepest pace in 2 decades,” Aug. 13, Gulf Today). The BJP and Modi who came to power for a second
Finance Minister Nirmala Sitharaman came up last weekend with a new stimulus package to arrest the worrisome slowdown of India’s economy. It was her third package in as many weeks.
India is leaving behind the worst financial year in the years of Independence. Since the colonial period, the financial year has run from April 1 to March 31 of the following calendar year. On March 25 last year, a week before end of the 2019-20 financial
India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.
The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff to “double down” on development and climate efforts as he seeks to accelerate the bank’s
The UAE’s economic growth is expected to remain robust, averaging 4.6 percent from 2022 to 2024, driven by higher oil prices and improved business confidence,
The Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Mashreq, one of the leading financial institutions in the UAE,