Economy News ( English version)

Reforms to the capital adequacy framework by the Asian Development Bank (ADB) have increased its annual commitment capacity by 40%, unlocking an additional $100 billion for financing projects in the Asia Pacific region over the next decade. The ADB plans to leverage these funds along with private and domestic capital to address the climate crisis.

Engineering exports from India to the UAE and Australia have increased by 9% in the April-August period of the current financial year, providing a boost to overall engineering exports, which have seen a decline during the same period. Engineering exports to Russia have also surged by 178% during this period.

The Congress party has accused the Indian government of deliberately delaying funding for social audits, resulting in a compromised process that allows the government to deny funds to states. Social audits are a crucial part of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), aimed at ensuring accountability and transparency, the part […]

The Central Board of Indirect Taxes and Customs (CBIC) chairman, Sanjay Kumar Agarwal, has stated that the goods and services tax (GST) notices issued to online gaming companies are in accordance with legal provisions and will not be immediately reviewed. The government is prepared to implement the 28% GST regime for online gaming, horse racing, and casinos […]

At a Committee on Agriculture meeting at the World Trade Organization (WTO) on Wednesday, Japan, Australia, Brazil, the EU, the UK and the US, among others, raised concerns over the impact of the ban on the global food market, highlighting its significance as the world's largest rice exporter, accounting for over 40% of global exports.