Infrastructure Development in Manipur has got some pace now like other states in the north-east part of India. Manipur is one of the most industrially backward states of the North Eastern Region. Agriculture still remains the dominant sector contributing 33% of the Net State Domestic Product (NSDP). The primary sector provides 69% of employment to the […]
Japan approves record-high budget, focusing on defence and economic recovery for the fiscal 2016-17. The $44 billion defence budget is Japan’s largest ever and is the fourth straight annual increase under conservative Prime Minister Shinzo Abe.The general-account budget for the fiscal year starting next April also features higher spending on defence and official development assistance, […]
Brazil, world’s seventh-largest economy, contracted sharply in 2015 (around 3.8%) as businesses slashed investment plans and laid off more than 1.5 million workers setting the stage for country’s worst recession on record. This was due partly to low commodity prices and sluggish global growth.
Union Budget has been tabled by finance Minister Arun Jaitley in Loksabha. Main points in the budget are Krishi Kalyan cess to be imposed on all taxable services for agricultural sector. Service charge exemption for National Pension and EPFO. Income Tax surcharge for those who have an income over 1 crore. No change in Income Tax […]
Union Budget for the fiscal 2016 -17 is presenting today in parliament. Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his Budget. Rising rural distress because of droughts have put considerable pressure on the Finance Minister to spend more on […]
The economic recovery in the euro area is continuing but it is not completed yet. Growth had picked up to 0.5% in the first quarter of 2015, the strongest performance since the upswing started in the spring of 2013. The Gross Domestic Product (GDP) in European Union expanded 1.80 percent in the fourth quarter of […]
Global share markets plunge amid economic worries and low crude oil price. Major share markets in US, Europe and Asia posted sharp declines amid continued worries about oil prices and over the strength of the global economy.
Indian Tea Production Drops Momentum as Assam’s tea production shrinks. Overall tea output of the country is declined by 1.3% during the year 2015. India is the world’s second biggest tea producer and exports CTC grade to many foreign countries.
Indian aviation industry is on a high-growth trajectory with a growth rate of 12.47% in passenger traffic in Fiscal Year 2015. India is expected to become the third largest aviation market by 2020 and is expected to be the largest by 2030. Total passenger traffic stands at a 106.45 million in FY 2016.
In a surprise move, Japan cut interest rates to minus 0.1% on last Friday. Charging banks for the privilege of parking some of their excess funds was an unexpected and unprecedented move by the Bank of Japan. It is designed to encourage them to use their money reserves to lend to businesses in an attempt […]