India’s economy to grow at 6.8% in FY2014, rising to 7% in FY2015: CII
Industry chamber CII expects the country’s economy to grow at 6.8 per cent in the current fiscal year and grow to 7 per cent in 2024-25 due to the government’s continued focus on infrastructure development and promoting ease of doing business. In an interview with PTI, CII Chairman R Dinesh, who is also the executive […]
Saudi Arabia offers 30-year tax relief plan to lure regional corporate headquarters
Urban view of Riyadh, the capital of Saudi Arabia. Harry Jarvalenen Photography | moment | getty images Dubai, United Arab Emirates – Saudi Arabia announced 30 year tax exemption package The move for foreign companies to set up their regional headquarters in the state is the latest step in its aggressive campaign to attract international […]
US consumers need to wake up to ‘out of control’ card interest: Economist
The US economy should be able to avoid a recession next year, according to economist Carl Weinberg – but a sharp decline in consumer spending is one of the biggest risks of that event. “Consumers are becoming aware of the fact that they are financing their spending by running up their credit cards, and the […]
Moody’s issues negative outlook for banks with tight monetary policies
Moody’s Investors Service has issued a negative outlook for global banks through 2024, attributing it to the negative effects of tightening monetary policies by central banks. Felipe Carvalho, Moody’s Vice President – Senior Credit Officer, highlighted that these policies have led to lower gross domestic product (GDP) growth, causing a chain reaction affecting credit quality, […]
Rajya Sabha will continue discussion on the country’s economy on the third day of the winter session.
The discussion started on Tuesday on the current economic situation in the country in the Rajya Sabha is likely to continue as Parliament will convene on Wednesday, the third day of the ongoing winter session. According to sources, the short notice discussion on the economic situation in the country, which was initiated by Trinamool Congress […]
Chinese experts pressure Moody’s to cut sovereign bond outlook
By Bloomberg News China experts hit back at Moody’s Investors Service for lowering its outlook on the country’s sovereign bonds and questioned its understanding of the world’s second-largest economy. Feng Qiaobin, deputy director of macroeconomic research at the Development Research Center of the State Council, said Moody’s cut its outlook to negative based on […]
REDC hosts ribbon cutting for Rockwall Technology Park’s Phase 3 expansion local news
Rockwall Economic Development Corp. celebrated with a ceremonial ribbon cutting last Friday for Phase 3 of the Rockwall Technology Park. Approximately 130 attendees were in attendance, representing area businesses, chambers of commerce, local governments, educational partners, contractors, utilities, neighborhood residents, and current and former REDC board members. According to REDC, the Phase III project adds […]
Job openings fell to 8.7 million in October, well short of estimates, and the lowest level since March 2021
Employees at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, November 2, 2023. Eric Thayer | Bloomberg | getty images Job openings fell in October to their lowest level in two and a half years, a sign that the historically tight labor market may be easing. The Labor Department reported […]
Government to create ‘entry bench’ in NCLT to expedite CIRP applications
The Central government is planning to add an “Entry Bench” to the National Company Law Tribunal (NCLT) to expedite the insolvency resolution process, which is currently facing delays in respect of timelines mandated under the Insolvency and Bankruptcy Code (IBC). Has been. A government official said, “The government will amend the law and add admission […]
India’s growth dynamics are lopsided
GDP | India’s growth dynamics are lopsided The NSO’s GDP estimates for Q2 2024 have brought joy, but a deeper look at the internals of the first half of 2024 and its juxtaposition to the five-year growth makes a more sombre reading Last Updated 05 December 2023, 11:24 IST The upward momentum in H1 2024 GVA/GDP […]