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Raising rates makes borrowing more expensive to try to bring down the pace of price rises

Global economy in its steepest slowdown since 1970, says World Bank

PGurus Newsdesk - September 17, 2022 1

World Bank sees rising risk of global recession in 2023 On Thursday, the World Bank said that the global economy is in its steepest slowdown...

In a special notification issued by the Sri Lankan Finance Ministry, the ban was imposed on a total of 300 items including chocolates, perfumes, makeup, and shampoo among several other products

International/ World news

Sri Lanka bans the import of 300 items of consumer goods...

Team PGurus - August 24, 2022 0

Crisis-stricken Sri Lanka slaps import ban on a wide range of consumer goods with immediate effect Facing chaos in the economy, the Sri Lankan government...

Economy

World Bank projects India’s growth at 7.5%, still on top spot...

PGurus Newsdesk - June 8, 2022 0

Stagflation risk rises amid sharp slowdown in growth World Bank has cut India's growth prospects to 7.5 percent for the current fiscal year against the...

A lot of consultation has been done from both domestic and other participants, Seth said on the sidelines of an event organized by the Finance Ministry

Investing

India finalizing consultation paper on cryptocurrencies: Economic Affairs Secretary

Team PGurus - May 30, 2022 1

Centre drives close to putting together its cryptocurrency consultation paper; will submit soon The Government of India will soon finalize a consultation paper on cryptocurrencies...

India's growth contrasts with the global growth rate that is forecast at 3.1 per cent this year and the next, according to the report

Economy

India’s economy the fastest major growing, leaving behind China and US:...

PGurus Newsdesk - May 19, 2022 0

As per UN report, India retains the top spot as the fastest-growing major economy According to the United Nations (UN) reports, India will be the...

China has been accused of setting Sri Lanka in a debt trap through heavy borrowings for infrastructure projects such as airports and seaports

International/ World news

China flexing muscles on Sri Lanka

Team PGurus - April 26, 2022 0

Expresses displeasure for approaching IMF China is flexing muscles on Sri Lanka, facing a serious financial crisis. Expressing displeasure on Lanka approaching International Monetary Fund...

Bery has served in the Economic Advisory Council to the Prime Minister and the National Statistical Commission, as well as being Director General of the NCAER

Politics

NITI Aayog Vice Chairperson Rajiv Kumar steps down; Suman Bery to...

PGurus Newsdesk - April 23, 2022 0

Kumar quits as vice-chairperson of the NITI Aayog Niti Aayog Vice Chairperson Rajiv Kumar has resigned from his post and will be replaced by economist...

Bangladesh and Nepal are now among the top ten export destinations for India with its total exports to these two countries amounting to over $16 billion

Commerce

Significant enhancement in bilateral trade with key partners in neighborhood: S...

PGurus Newsdesk - April 19, 2022 0

India places renewed emphasis on strengthening ties with neighborhood: Jaishankar External Affairs Minister, S Jaishankar on Monday said that India has placed a renewed emphasis...

The extreme poverty count fell from 22.5% in 2011 to 10.2% in 2019 and the decline in rural areas was much higher than in urban areas

Economy

India’s extreme poverty sees a huge dip between 2011 to 2019

PGurus Newsdesk - April 18, 2022 0

India witnesses a sharp decline in poverty by 12.3 percentage points in 2019 than 2011 According to the World Bank Policy Research Working Paper, India’s...