Economy - Asian News from UK

India fourth largest forex holder in world

India’s salient external sector sustainability indicators are strong and much improved as compared to what they were during the global financial crisis or taper episode of 2013…reports Asian Lite News As of

January 31, 2022

Business·Economy·India News

Service sector rebounds amid pandemic threats: Economy Survey

During the first half of 2021-22, the services sector received over $16.7 billion FDI accounting for almost 54 per cent of the total FDI inflows into the country…reports Asian Lite News The

January 31, 2022

Business·Economy·India News

Health sector expenditure up 73%: Economic Survey

During the last five years, social services accounted for about 25 per cent of the total government expenditure (Centre and states taken together). In 2021-22 (BE), it was 26.6 per cent…reports Asian

January 31, 2022

Business·Economy·India News

India’s BoP surplus hits $63.1 bn in H1FY22: Economic Survey

It said that inflows augmented foreign exchange reserves crossing the milestone of $600 billion….reports Asian Lite News Robust capital flows into India resulted in an overall balance of payments (BoP) surplus of

January 31, 2022

Business·Economy·India News

Budget through the history of independent India

The current Union Finance Minister Nirmala Sitharaman is a woman, but before her another woman leader has presented the budget of India in the Parliament…reports Santosh Kumar Pathak The history of India’s

January 31, 2022

-Top News·Economy·India News

Economic Survey pegs growth at 8 to 8.5% for new financial year

According to the Survey, the supply-side reforms undertaken by the government in the last two years include deregulation of numerous sectors, simplification of processes, removal of legacy issues like ‘retrospective tax’, privatisation,

January 31, 2022

-Top News·Economy·India News

What to expect from Union Budget

Union Budget is expected to focus on employment generation, increase in limits for basic tax exemption, standard deduction, medical expenses, rationalisation of tax rates and certain social security investments, reports Asian Lite

January 30, 2022

-Top News·Economy·India News

Nadella, world’s top CEO, TikTok fastest growing brand

The top 10 of the Brand Finance ranking is dominated by CEOs (referred to repeatedly as brand guardians) from the tech and media sectors…reports Nikhila Natarajan The Brand Finance Brand Guardianship Index

January 27, 2022

Business·Economy·India News

IMF cuts India’s GDP forecast to 9% for FY22

India and Japan are the only major economies to have their growth projections raised from that made in October last…reports Arul Louis India’s economy is projected to grow by 9 per cent

January 25, 2022

Business·Economy·India News

IBM sells Watson health assets for $1 billion

IBM currently has a market value of $108 billion, way behind its Cloud-computing rivals like Amazon and Microsoft…reports Asian Lite News IBM has announced to sell healthcare data and analytics assets from

January 25, 2022

Business·Economy

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