by PTI News | Apr 25, 2022 | 8:02 pm | Economy, News
Mumbai, Apr 25 (PTI) The ongoing headwinds like war-triggered inflation, rate tightening by RBI and weak rupee will lead to a Rs 60,000 crore increase in 'risky debt' in FY23, a ratings agency warned on Monday. Defining 'risky debt' as borrowings by companies having a net leverage or debt to operating profit ratio of more [...]
by PTI News | Apr 25, 2022 | 7:44 pm | Economy, News
New Delhi, Apr 25 (PTI) President Ram Nath Kovind on Monday said that it is important for India and European Union (EU) to engage in strategic and geo-political avenues such as in the Indo-Pacific, apart from deepening economic relations. In areas such as climate action, clean energy, sustainable growth, digital transformation and research & innovation, [...]
by PTI News | Apr 25, 2022 | 7:07 pm | Economy, News
New Delhi, Apr 25 (PTI) Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the [...]
by PTI News | Apr 25, 2022 | 6:19 pm | Economy, News
Chennai, Apr 25 (PTI) Vice-President M Venkaiah Naidu on Monday urged exporters to explore newer markets to keep the exports high and make the economy "flying high." In his address at an event to confer the Export Excellence Awards on SEZ Units under the Madras Export Processing Zone (MEPZ), Tambaram, near here, he pointed out [...]
by PTI News | Apr 25, 2022 | 6:16 pm | Economy, News
Colombo, Apr 25 (PTI) China has "done its best" to help Sri Lanka not to default on its foreign debt, Chinese ambassador in Colombo Qi Zhenhong said on Monday, expressing displeasure at the government’s move to approach the IMF for help and warning that the debt restructuring will definitely have an "impact" on future bilateral [...]
by PTI News | Apr 25, 2022 | 6:16 pm | Economy, News
London, Apr 25 (PTI) The global military expenditure has crossed the USD 2 trillion mark for the first time, with the US, the world’s largest economy, being the top spender, Sweden-based defence think-tank SIPRI said on Monday. In its latest report, the Stockholm International Peace Research Institute (SIPRI) said that the total global military expenditure [...]
by PTI News | Apr 25, 2022 | 6:14 pm | Economy, News
New Delhi, Apr 25 (PTI) Former RBI Governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered as some "anti-national" activity by politicians and bureaucrats. Known for his frank views, Rajan said that it was important to remember that "war [...]
by PTI News | Apr 25, 2022 | 5:34 pm | Economy, News
New Delhi, Apr 25 (PTI) Healthcare is becoming accessible and affordable in the country with the government taking steps to enhance the overall infrastructure, including doubling of MBBS seats, Union Health Minister Mansukh L Mandaviya said on Monday. The minister, who also holds Chemicals and Fertilisers portfolio, noted that the government does not see health [...]
by PTI News | Apr 25, 2022 | 5:16 pm | Economy, News
Mumbai, Apr 25 (PTI) The BSE Sensex reeled for the second session running on Monday, weighed by heavy selling in index heavyweight Reliance Industries and a drumbeat of negative cues from global markets. Unabated foreign fund outflows and a depreciating rupee added to the bearish sentiment. The 30-share benchmark opened on the back foot, in [...]
by PTI News | Apr 25, 2022 | 5:09 pm | Economy, News
Colombo, Apr 25 (PTI) A Sri Lankan dissident lawmaker, fired by President Gotabaya Rajapaksa from the Cabinet for his critical views, claimed on Monday that the Opposition has crossed the 113-mark required to win a no-trust motion against the government in the 225-member Parliament. President Gotabaya, facing fierce public protests against his government’s mishandling of [...]
