Workers sew jeans in a garments manufacturing unit in Ahmedabad, India. Reuters
In an effort to lift the domestic Micro, Small and Medium Enterprises (MSMEs), keep imports down and raise revenue, the Indian government on Saturday hiked customs duty on several products,
India’s merchandise exports in July 2021 rose to $35.43 billion, higher by 49.85 per cent on a year-on-year basis, official data showed. Exports during July 2020 stood at $23.64 billion.
As the coronavirus pandemic brings the economy to a grinding halt, raising the need for the higher government spending, India’s gross debt is likely to touch Rs170 lakh crore, which is 87.6 per cent of the GDP, according to the SBI Ecowrap.
The government is working on a privatisation plan to help to raise money by selling assets in non-core companies and sectors when the country is strapped for funds due to lack of economic growth caused by the coronavirus pandemic.
Saudi Aramco on Thursday announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil.
Mariam Bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, called upon UAE businesses to mainstream sustainability into all their operations
Dubai property market is witnessing a remarkable growth and developers are announcing new projects to meet the rising demand in the market.