An IMF bailout will only make matters worse for Pakistan
Pakistan Prime Minister, Imran Khan, in his recent interview to Washington Post sounded squeamish on the IMF bailout question. He said that he is exploring other ways as well. With respect ...
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India retains its position as the top receiver of remittances, says World Bank report
The remittance from migrant workers has always been a big financial help for the people living in the country and the government. The Non-Resident Indians (NRI), people of Indian origin, temporary ...
Now, India can pay Iran in rupees for crude oil imports.
India has recently signed an MOU with Iran to pay in rupees for crude oil imports. Indian refiners will transfer payments in rupees to Indian government owned United Commercial Bank (UCO) ...
How PM Modi negotiated with the Saudis to lower oil prices for Indian consumers
Khalid Al-Falih, representative of the defacto leader of the OPEC, Saudi Arabia made a revelation pointing how Prime Minister Modi's calls to protect Indian consumers from rising oil prices impacted OPEC's ...
IMF bailout unlikely as Imran’s government resorts to currency manipulation
Pakistan government seems to have decided to interfere in the independence of the country's central bank in order to save itself from the humiliation of repeated currency devaluation. Pakistan's currency has ...
India signs yet another currency swap agreement, this time with UAE
India has signed a currency swap agreement worth 3,500 crores (500 million dollars) with UAE. Now the Indian rupee can be exchanged with UAE’s Dirham. Sushma Swaraj, foreign minister of the ...
In a major boost to innovation, India witnesses 50 percent surge in patents
India has been leapfrogging on innovation parameters in last few years. The number of patents granted by India registered a sharp increase of more than 50 percent in 2017. As per ...
Chinese economy shows signs of weakness
Despite all the groundbreaking efforts by the government, the good days of the Chinese economy remain far away. Private and public companies are moving towards a record-high corporate bond default. A corporate ...
Government approves major defense acquisition plan for the Indian Navy
In the modernization drive of the Indian Army, the Modi government has given its approval for the induction of 56 ships and submarines besides the construction of 32 warships. While addressing ...
Statue of Unity getting 30,000 visitors every day
The Statue of Unity has become a major hit as the state officials in their recent statement have said that the monument is receiving approximately 30,000 visitors every day. As a ...
Vivo to setup smartphone manufacturing facility in Greater Noida
Chinese smartphone giant, Vivo is all set to establish its second manufacturing facility in India with an investment of Rs 4,000 crore in Greater Noida, Uttar Pradesh. Vivo is one of ...
Modi government saves millions of dollars through domestic manufacturing in defense sector
The efforts of Modi government to promote domestic manufacturing in defense sector have saved millions of dollars. The heavy defense equipment which were imported earlier are now being manufactured by public ...
