Central bank data showed that bank credit to the private sector considered an engine of economic growth, dropped over fivefold in the period under review during the current difficult times. It clearly showed that businesses had been badly hit by the ongoing economic and political crisis.
"I have my flight to Mumbai, as I reached the airport there was nobody at the counter...we asked to adjust us to other flights but the airline is only talking about giving us a refund," said Gurvinder Singh the passenger.
"328 more passengers have landed in New Delhi. #OperationKaveri moving steadily forward as around 3000 have reached India now," External Affairs Minister S Jaishankar tweeted.
Another 'Operation Kaveri' flight carrying 231 Indian evacuees reached Gujarat's Ahmedabad on Tuesday from Saudi Arabia's Jeddah, External Affairs Minister S Jaishankar said.
As per the report by Pakistan's Ministry of National Food Security and Research, Pakistan wastes 26 per cent of its food production i.e., 19.6 million tonnes yearly, the report revealed.
Amid an acute humanitarian crisis, Afghan labourers have expressed frustration over their ongoing economic difficulties and declining rate of unemployment, TOLOnews reported.
Following the failures of a few US banks, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J Gruenberg directed the relevant agencies to conduct an analysis of the current deposit insurance framework and identify reform options as well as additional tools that can be used to maxi
Uttar Pradesh is moving in the right and positive direction, said Chief Minister Yogi Adityanath on Monday, adding, the state's youth do not currently experience an identity crisis.
US-based First Republic Bank was closed on Monday (local time) by the local regulators and entered into an agreement with JP Morgan Chase Bank to purchase and assume all deposits and assets of the troubled bank in a bid to protect depositors.
According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.