Latest News & Knowledge
Rupee-Rouble mechanism: Following Russia’s invasion of Ukraine, the European Union has banned global transactions with Russian firms using euro-denominated banknotes, while the United States has restricted Russia’s access to the dollar. As a result, India, … Read more
The Russia-Ukraine conflict has posed a global problem in terms of food grain supply, and India is preparing to respond with a possible export of 100 lakh tonnes of grains this year, with orders for … Read more
Other Backward Classes (OBC) own approximately a third of the country’s micro, small, and medium companies (MSME). The number of MSMEs held by OBCs was 23.31 lakh units as of March 31, 2022, out of … Read more
The World Bank said in its twice-yearly South Asia Economic Focus Reshaping Norms: A New Way Forward, released on Wednesday in the run-up to the World Bank IMF Spring Meetings, that India’s growth will be … Read more
In the fiscal year ended March 31, 2022, software giant Infosys hired 85,000 freshers, as attrition continues to rise in the face of strong demand. The Bengaluru-based IT player announced on April 13 that it … Read more
The World Trade Organization (WTO) warned on Tuesday that Russia’s war in Ukraine had harmed global trade prospects and that the global economy could be split into opposing blocs as a result of the conflict. … Read more
In March 2022, India’s retail inflation reached 6.95 percent, the highest rate in over a year and a half, and the third consecutive month above the Reserve Bank of India’s tolerance threshold of 6%. Consumer … Read more
Following Monday’s ‘2+2’ event, External Affairs Minister S. Jaishankar met with US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo to continue his engagement with the Biden administration. Mr. Jaishankar and Ms. Tai discussed … Read more
India-US 2+2 talks: The two countries discussed a wide range of topics, including the COVID-19 response, supply chains, climate action, and global and regional issues, but Russia’s war on Ukraine and its global ramifications appeared … Read more
Sri Lanka defaulted on its $51 billion foreign debt on Tuesday, as the island nation faces its worst economic crisis in recent memory and widespread calls for the government’s resignation. Acute food and fuel shortages, … Read more