Month: March 2023

Laborers load sacks of imported potatoes to hand carts at a market place in Colombo, Sri Lanka. The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country's bankrupt economy. (AP)
Posted in Business

IMF bailout not a silver bullet for Sri Lanka, warns Moody’s Analytics

Reuters | | Posted by Singh Rahul Sunilkumar Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral and…

Continue Reading
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt.(AFP)
Posted in Business

Sri Lanka secures IMF bailout amidst ongoing economic crisis: Timeline of events

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion…

Continue Reading
Macron: Dozens arrested in French protests after Macron govt survives no-confidence vote
Posted in Europe News

Macron: Dozens arrested in French protests after Macron govt survives no-confidence vote

PARIS: Dozens of people were arrested across France after sporadic protests broke out hours after President Emmanuel Macron‘s government narrowly survived a no-confidence motion in…

Continue Reading
Nowruz 2023: Google celebrates Persian New Year with colourful doodle | World News
Posted in Rest of World News

Nowruz 2023: Google celebrates Persian New Year with colourful doodle | World News

NEW DELHI: Nowruz, also known as the Persian New Year, is an important holiday celebrated on the vernal equinox, typically around March 20th or 21st….

Continue Reading
DPIIT to set up task force for formulating logistics cost framework
Posted in Economy

DPIIT to set up task force for formulating logistics cost framework

A task force will be set up for formulating a framework to determine logistics costs in the country, the commerce and industry ministry has said….

Continue Reading
Japan, China leaders visit rival capitals in Ukraine war
Posted in Europe News

Japan, China leaders visit rival capitals in Ukraine war

KYIV: Japanese Prime Minister Fumio Kishida began a surprise visit to Ukraine early Tuesday, hours after Chinese President Xi Jinping arriving in neighboring Russia for…

Continue Reading
The Nokia X30 5G. (Vishal Mathur/ HT Photo)
Posted in Business

Justifying the Nokia X30’s ₹47,999 price tag is a futile effort

There isn’t much you can do about how a phone’s price. But for all the consistency and robustness that we associate with a Nokia device,…

Continue Reading
GST ITC restriction on CSR spend: Why businesses are worried about potential challenges
Posted in GST

GST ITC restriction on CSR spend: Why businesses are worried about potential challenges

Seamless flow of Input Tax Credit (ITC) is the cornerstone of a robust Value-Added Tax (VAT) architecture. Simply put, say Company A – whether a…

Continue Reading
The Central government regulates fuel prices through excise duty, base prices and cap prices.(Representative image/ istock)
Posted in Business

Petrol and diesel prices today: Check fuel rates in your city on March 21

The petrol and diesel rates remained unchanged on Tuesday. Fuel prices in India are revised daily at 6 am after being decided by Oil Marketing…

Continue Reading
Credit Suisse signage on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Posted in Business

Credit Suisse rescue sends relief, but First Republic shares slump continues

Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader…

Continue Reading