US Producer Prices Jumped by More Than Forecast in September
In September, prices paid to US producers surged by more than expected, suggesting inflationary pressures will take time to moderate and keep the Federal Reserve...
Category : ECONOMY
Swiss Govt to Track Corporate Ownership in a Bid to Curb Money Laundering
On Wednesday, the Swiss government said it plans to create a central registry to track who owns legal entities to fight money laundering via shell...
Banks Plans to Increase Capital, Provisions for Unhedged FX Exposure: RBI
On 11 October, the Reserve Bank of India (RBI) amended the guidelines for banks for an increase in capital and provisioning requirements in relation to...
IMF Cuts 2023 Growth Outlook Amid Global Shocks
On Tuesday, the International Monetary Fund (IMF) cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high food and...
Japanese Foreign Currency Deposits Grow at Fastest Rate Since 2015
Bank of Japan’s recent data has revealed that Japanese retail foreign currency deposits have climbed this year as local investors switch out of a weakening...
Russian Economy Activity Slowed Significantly at September End, Says Bank of Russia
On Tuesday, the Bank of Russia reported that economic activity in the country slowed significantly at the end of September. However, he said that payments...
India’s Forex Reserves Fall For Nine Weeks In a Row
India’s forex reserves dropped by $4.9 billion, and reserves declined for the country for a ninth consecutive week. They were $537.52 billion at the end...
India and Iran Places Digital Tool to Push Trade
Recently, India and Iran successfully settled the first pilot of a fully Digital Intermodal TIR transport to impetus trade via International North-South Transport Corridor (INSTC)...
Direct Tax collection Hits 24% to Rs 8.98 Lakh Crore till October 8
For FY23, the gross direct tax collection of the centre till October 8, 2022, stands for 8.98 trillion, 23.8 per cent, which is higher than...
World Bank Slashes India’s Economic Growth Forecast to 6.5% for FY23
On Thursday, the World Bank slashed its economic growth of India by a per cent to 6.5 per cent for the financial year 2022-23. For...