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Income Inequality Up In 60% Of Nations With IMF, World Bank Loans: Report
A massive 60 per cent of all countries receiving grants or loans from the International Monetary Fund and World Bank are witnessing high or increasing income inequality, an analysis by Oxfam International has revealed.
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India Among Countries That Slashed Education Budget After Covid: Report
Education budgets were cut by 65 per cent of low and lower-middle income countries after the onset of the COVID-19 pandemic while only 33 per cent of high and upper-middle income countries did so, according to a report by the World Bank.
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Rich Nations Stockpiling Covid Vaccine, Not Enough For Rest: US Study
India has made advance purchase of the maximum amount of Covid vaccine in the world with 1.6 billion doses, but it would only cover 59 per cent of its population. A study by the Duke University of the US shows a huge gap in the vaccine purchase of rich nations and developing countries. High income countries have purchased as many vaccine doses as p...
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Don't Make Kartarpur Corridor A Source Of Income: Sukhbir Badal To Pak PM
Calling the $20 fee for Kartarpur Corridor visit as "too high", SAD president Sukhbir Badal on Thursday requested Pakistan's Prime Minister Imran Khan not to make the corridor a source of income for his country as it is meant for pilgrimage.
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World Bank Endorses Plan For India To Become Higher Middle-Income Country
A day after Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board today endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth.
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Dust Storm Damages Mango Harvest, UP Farmers Face 40% Losses
The dust storm that hit northern parts of the country on Sunday has damaged mango plantations, putting farmers in trouble at a time when it's the peak season for the fruit harvest. Farmers in Uttar Pradesh's Lucknow say the losses incurred by them could run as high as 40 per cent of the harvest. "We have suffered a huge loss as 40 per cent of mango...
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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Tax Notices To Be Sent To High Networth Bitcoin Traders
Tax department is set to issue notices to 4 to 5 lakh high networth individuals across the country who trade on the exchanges of this unregulated virtual currency.
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India To Be High Middle Income Economy In 30 Years: World Bank CEO
Days after India jumped 30 places in the World Bank's ease of doing business ranking, its CEO Kristalina Georgieva today said the Goods and Services Tax (GST) and reforms push by the government will catapult the country to high middle income economy by 2047.
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Can Eating Low Fat and High Carbohydrate Food Do More Harm Than Good
The study notes, that the recommendation of reducing fat intake could in fact be unhealthy for people in low- and middle- income countries whose diets are already too starchy.
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Salary Doesn't Decide Car Usage: Study
Not just income, but taxes that keep fuel costs high and good roads with ample parking space determine the amount of personal car use for people in developing nations including India, a new study shows.
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Don't Have High Expectations From Budget: Mohandas Pai
The country's economy is grappling with its worst slowdown in 25 years after it grew at sub-5 per cent for the second year in a row last fiscal.
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Nokia to continue focus on Indian market despite tax issue
Finnish handset maker Nokia, embroiled in tax dispute with Indian authorities, on Thursday said that despite this issue it will continue to focus on the country's market that is big.
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Income Inequality Up In 60% Of Nations With IMF, World Bank Loans: Report
A massive 60 per cent of all countries receiving grants or loans from the International Monetary Fund and World Bank are witnessing high or increasing income inequality, an analysis by Oxfam International has revealed.
-
India Among Countries That Slashed Education Budget After Covid: Report
Education budgets were cut by 65 per cent of low and lower-middle income countries after the onset of the COVID-19 pandemic while only 33 per cent of high and upper-middle income countries did so, according to a report by the World Bank.
-
Rich Nations Stockpiling Covid Vaccine, Not Enough For Rest: US Study
India has made advance purchase of the maximum amount of Covid vaccine in the world with 1.6 billion doses, but it would only cover 59 per cent of its population. A study by the Duke University of the US shows a huge gap in the vaccine purchase of rich nations and developing countries. High income countries have purchased as many vaccine doses as p...
-
Don't Make Kartarpur Corridor A Source Of Income: Sukhbir Badal To Pak PM
Calling the $20 fee for Kartarpur Corridor visit as "too high", SAD president Sukhbir Badal on Thursday requested Pakistan's Prime Minister Imran Khan not to make the corridor a source of income for his country as it is meant for pilgrimage.
-
World Bank Endorses Plan For India To Become Higher Middle-Income Country
A day after Prime Minister Narendra Modi said India will become a $5 trillion economy by 2022, the World Bank board today endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi's objectives of high, sustainable and inclusive growth.
-
Dust Storm Damages Mango Harvest, UP Farmers Face 40% Losses
The dust storm that hit northern parts of the country on Sunday has damaged mango plantations, putting farmers in trouble at a time when it's the peak season for the fruit harvest. Farmers in Uttar Pradesh's Lucknow say the losses incurred by them could run as high as 40 per cent of the harvest. "We have suffered a huge loss as 40 per cent of mango...
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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Tax Notices To Be Sent To High Networth Bitcoin Traders
Tax department is set to issue notices to 4 to 5 lakh high networth individuals across the country who trade on the exchanges of this unregulated virtual currency.
-
India To Be High Middle Income Economy In 30 Years: World Bank CEO
Days after India jumped 30 places in the World Bank's ease of doing business ranking, its CEO Kristalina Georgieva today said the Goods and Services Tax (GST) and reforms push by the government will catapult the country to high middle income economy by 2047.
-
Can Eating Low Fat and High Carbohydrate Food Do More Harm Than Good
The study notes, that the recommendation of reducing fat intake could in fact be unhealthy for people in low- and middle- income countries whose diets are already too starchy.
-
Salary Doesn't Decide Car Usage: Study
Not just income, but taxes that keep fuel costs high and good roads with ample parking space determine the amount of personal car use for people in developing nations including India, a new study shows.
-
Don't Have High Expectations From Budget: Mohandas Pai
The country's economy is grappling with its worst slowdown in 25 years after it grew at sub-5 per cent for the second year in a row last fiscal.
-
Nokia to continue focus on Indian market despite tax issue
Finnish handset maker Nokia, embroiled in tax dispute with Indian authorities, on Thursday said that despite this issue it will continue to focus on the country's market that is big.
