Colombo: The World Bank has approved USD 700 million in financing to help Sri Lanka to recover from the current economic crisis and provide relief to the poor and vulnerable people, the biggest funding tranche since the IMF deal in March. Cash-strapped Sri Lanka is currently struggling with the worst economic crisis in history. In 2022,…
London: British Prime Minister Rishi Sunak has reaffirmed his commitment to a “truly ambitious” free trade agreement (FTA) with India and indicated his plans to visit New Delhi for the G20 Summit in September. Hosting a special reception to celebrate India Global Forum’s UK-India Week 2023 in the garden of 10 Downing Street in London, Sunak…
New Delhi,:The Enforcement Directorate (ED) on Wednesday said it has attached a Maharashtra-based steel company’s assets worth more than Rs 517 crore under the anti-money laundering law in connection with an alleged bank loan fraud of over Rs 895 crore. The assets, including land, building and machinery, belong to SKS Ispat and Power Limited, the…
Mumbai: Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. He said that financial stability is non-negotiable and all stakeholders in the financial system must work to preserve this at all times. “The Reserve Bank…
New Delhi: The Centre on Wednesday announced a Rs 10 per quintal hike in sugarcane Fair and Remunerative Price (FRP), which is the minimum price that mills have to pay to sugarcane growers, to Rs 315 per quintal for the 2023-24 season starting October. The decision to increase the FRP of sugarcane was taken at…
Panaji: India is a growing and thriving single-malt Nation. The world’s largest consumer of whisky is India. Today, India is home to only eight single-malt distilleries despite such a huge populous country, among which Dr. Mohan Krishna led Cheers group is notable in bottling under their prized brand names. For a fine example, Three Monkeys Single…
Islamabad: Cash-strapped Pakistan and the IMF are discussing a new short-term standby arrangement (SBA) worth about USD 2.5 billion to get the country through the political transition to the newly-elected government in the second quarter of the current fiscal year, according to a media report on Wednesday. Pakistan’s ninth review by the International Monetary Fund (IMF)…
New Delhi: Elections to 10 Rajya Sabha seats, including those held by External Affairs Minister S Jaishankar and Trinamool Congress (TMC) leader Derek O’Brien, will be held on July 24, the Election Commission (EC) said on Tuesday. The 10 seats in the Upper House of Parliament are falling vacant in July and August with Bharatiya Janata…
New Delhi: A functionality enabling public procurement portal GeM to impose penal interest for making delayed payments to vendors by government ministries and departments will be operational in July, a senior official said on Tuesday. In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to…
Panaji: Women empowerment in the Drinks Industry. Ahoy! When we talk about what the future of the liquor industry looks like, their favorite drink trend, and how they’re blazing a trail for the next generation, you might recognize a few familiar faces. Anuradha Balivada started her entrepreneurial journey in 2009, she is co-founder of Cheers…
