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India's CAD projected at 1 pc of GDP for FY2025: CRISIL Report
Updated : 1 year, 2 months ago IST
India's current account deficit (CAD) remained largely stable at USD 11.2 billion, or 1.2 per cent of GDP, in the second quarter (Q2) of fiscal 2025, compared with USD 11.3 billion (1.3 per cent of GDP) in the same period last year.
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Ukraine appreciates Biden's announcement of 2.5 billion military aid befor
Updated : 1 year, 2 months ago IST
Ukrainian President Volodymyr Zelenskyy on Monday expressed deep appreciation for the United States' steadfast support following President Joe Biden annoucement of USD 2.5 billion military aid for Ukraine before leaving office next month.
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America announces USD 1.25 billion to Ukraine for critical security, defen
Updated : 1 year, 2 months ago IST
The package includes authorization of a Presidential Drawdown Authority (PDA) package, which has an estimated value of USD 1.25 billion, to provide Ukraine additional capabilities to meet its most urgent needs, including missiles for air defence; munitions for rocket systems and artillery
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Net claims of non-residents on India decline USD 19.8 billion during July-
Updated : 1 year, 2 months ago IST
Net claims of non-residents on India refers to the difference between the assets and liabilities held by non-residents in India. As per reports, it indicates the overall financial position or exposure that entities/individuals outside India have in terms of claims (assets) on the country.
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Israel: Billions allocated to upgrade airports
Updated : 1 year, 2 months ago IST
The budget is intended for upgrading and expanding Israel's aviation infrastructure, mainly Ben Gurion Airport, but also includes significant investments in Ramon Airport in the Negev and Haifa Airport, as well as for developing land border crossings as a bridge to peace.
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Adani Enterprises to exit Adani Wilmar JV, to raise USD 2 billion
Updated : 1 year, 2 months ago IST
Adani Enterprises on Monday informed stock exchanges that it will sell 13 per cent of Adani Wilmar to achieve minimum public shareholding requirements and Wilmar International has agreed to acquire 31 per cent held by Adani Enterprises in Adani Wilmar.
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India's manufacturing sector's contribution to GVA will surge to 21 pc by
Updated : 1 year, 2 months ago IST
The manufacturing sector in the country is poised for significant growth, with its contribution to the Gross Value Added (GVA) expected to rise from the current 14 per cent (USD 459 billion) to 21 per cent (USD 1,557 billion) by 2032.
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Israel: Government increasing grants to local authorities by hundreds of m
Updated : 1 year, 2 months ago IST
The balancing grants provided by the Ministry of the Interior, which the Ministry says are a key tool for reducing gaps between local authorities and ensuring a basic level of services for Israeli residents, will be significantly increased. In 2024, an additional 350 million Shekels (USD 95
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Syria's Jewish Community: USD 10 Billion lost to persecution, confiscation
Updated : 1 year, 2 months ago IST
A new report detailing the financial losses of Jewish refugees from Syria estimates that the community lost USD 10 billion, driven out of the country by state-sponsored discrimination and persecution.
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If FPIs outflows remain constant, India's BoP will be neutral for FY25: Re
Updated : 1 year, 2 months ago IST
India's current account deficit (CAD) widened slightly to USD 11.2bn (1.2% of GDP) in Q2 from USD 10.2bn (1.1% of GDP) in the previous quarter. However, there was a Balance of Payments (BoP) surplus of USD 23.8 billion was there in the first half (H1).
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Public finance of GCC countries witnessed significant financial surplus in
Updated : 1 year, 2 months ago IST
The GCC countries reported significant financial surpluses in 2022 and 2023, totaling USD 134 billion and USD 2 billion, respectively, according to GCC-Stat. Public debt stabilised at 28 per cent of GDP and is projected to remain steady through 2025. Credit rating agencies highlighted improv
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Kazakhstan tops regional investment with USD 15.7 billion in 2024
Updated : 1 year, 2 months ago IST
Kazakhstan has emerged as the leading investment destination in North and Central Asia, attracting USD 15.7 billion in foreign direct investment (FDI) in 2024, according to a recent ESCAP report. This marks an 88 per cent increase year-on-year, with significant contributions from Qatar's USD
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