Sunday, November 17, 2024

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Economy

Amid economic struggles in China, police freezes assets of several private business owners, demands money for releasing funds

Posts circulating on social media reveal that police across China have been targeting private business owners, freezing assets, and demanding money in return for releasing funds as per a report in the Voice of America.

Bankrupt Pakistan’s latest measures to revive economy: Ban on purchase of vehicles and machinery, no medical treatment abroad using state funds

Pakistan's government imposed a "complete ban" on specific expenditures, including the purchase of new vehicles, machinery, and state-funded medical treatment abroad, a statement by the Finance Division stated.

10 years of Modi: Huge jump by over 565% in the share of poor households that could own a vehicle, here is what govt...

According to data from Ministry of Statistics and Programme Implementation, vehicle ownership among the poorest households increased from 6% to 40% in the last decade under the Modi government.

Electricity crisis, mismanaged economy: Pakistani businesses pessimistic about future under Shehbaz Sharif government

Business owners have become more pessimistic about their future in Pakistan because of continued political turmoil and the new tax-heavy budget, said the Gallup report.

India will be biggest economy in world by 2050 followed by China, United States: Asle Toje, Deputy Leader of Nobel Peace Prize Committee

He emphasised the pivotal moment the world faces, particularly with global climate change, suggesting that it would be best if India proved to be a benign force that alleviates suffering and fosters peace, rather than imposing its ideals on others.

EPFO adds highest-ever members in a month in April since first payroll data was published in 2018

Employees' Provident Fund Organisation (EPFO) has added 18.92 lakh net members in the month of April 2024. The addition during the month is the highest since the first payroll data was published in April 2018, as per the official statement.

Pakistan: Donkey population booms amid slowdown in the economy, reaches 5.9 million

Pakistan Economic Survey for 2023-24 showed a significant increase in the nation's donkey population, reaching 5.9 million

India’s real GDP growth surpasses all estimates and grows by 8.2% in 2023-24, PM Modi says “This is just a trailer of things to...

India’s real GDP has been estimated to grow by 8.2% in FY 2023-24 as compared to the growth rate of 7.0% in FY 2022-23

“It was a crisis situation”: Union govt tables White Paper on Indian Economy in Lok Sabha narrating how UPA govt ruined the economy

Finance Minister Nirmala Sitharman on Thursday laid a White Paper on the Indian economy in the Lok Sabha

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