By Dr Manoranjan Sharma The imposition of the windfall taxes and export duty evoked considerable debates across the development spectrum. The basic justification for the windfall taxes and export duty tax on petrol, diesel and Aviation Turbine Fuel (ATF) hikes imposed on July 1, 2022, stems from the fact that some oil refiners were raking […]
Seoul: North Korean leader Kim Jong-un on Sunday expressed full support for Russian President Vladimir Putin, despite international condemnation for Moscow’s ongoing invasion of Ukraine. The Russian people have “achieved great successes in accomplishing the just cause of defending the dignity and security of their country, while braving all sorts of challenges and hardships”, Pyongyang’s official […]
An already weakened Indian economy has been hit hard by the double whammy of the Ukraine war and the Omicron-driven third wave of the pandemic. As a result, the country’s gross domestic product (GDP) grew by a dismal 4.1% — the slowest in 12 months — in the final quarter (January to March) of 2021-22. […]
By B Yerram Raju The lockdown in China, and the fresh virus outbreak in Hong Kong, Australia, the UK, Germany etc, pose a severe threat and demand extreme caution. Ukraine war remains a global concern. The ripple effects of the war are seen in the central banks raising their policy rates in the US, UK […]
New Delhi: The war in Ukraine will deliver a shock to the global supply and cost of food, the boss of one of the world’s biggest fertiliser companies has said, BBC reported. Yara International, which operates in more than 60 countries, buys considerable amounts of essential raw materials from Russia. Fertiliser prices were already high […]
New Delhi: Rush for safe haven investments during the ongoing market volatility triggered by Russian-Ukrainian conflict is expected to push global gold prices higher. Accordingly, the fears of supply shortages along with robust demand has kept prices higher. Besides, sanctions on Russia which is a major producer of Gold is expected to reduce supply. Last […]
