- Sunday
4 June 2023
Economy
Ajay Banga takes charge as first Indian-origin World Bank chief
Indian-American corporate executive Ajay Banga took over as the President of the World Bank, becoming the first person of colour to head...
The US immigration system needs to be more merit-based for a competitive economy
US immigration system: US visa policy is shaped by the American belief in fairness and justice. However, there is a strong case for making...
Russian sanctions leading to increasing rupee surplus in India
A combination of economic sanctions on Russia and a lopsided trade relationship with India is leading to USD 1 billion each month in Russian...
Singapore wealth analysis: Are you in the top 1%? You are, if you’ve got SGD 4.76 million
Being in the “top 1 per cent” is the 21st century definition of being truly wealthy. In Singapore, a net worth of USD3.5 million puts...
Debt ceiling: Biden, Republicans reach compromise, Bill to be brought before Congress
Facing the prospect of having to default on its debt for the first time in United States’ history, President Joe Biden and House Speaker...
Purulia Chhau is a vehicle of empowerment, says scholar and change-maker Sneha Bhattacharyya
One of the most spectacular folk art forms in India, Purulia Chhau recently visited Singapore to take part in ‘A Tapestry of Sacred...
Singapore investors sign six MoUs with Tamil Nadu; CM Stalin proposes monument to Lee Kuan Yew
MK Stalin addressed Singapore investors and met Singapore ministers, inviting them to a global business forum to be held in Tamil Nadu in...
Meta layoffs: Singapore jobs at risk as Facebook’s parent company begins third round of cuts
Meta eliminated some 11,000 jobs globally in November 2022; of them, an estimated 50 were from Singapore. The second round of layoffs came...
2,000-rupee notes being withdrawn by RBI; lifecycle ends on September 30
The 2,000-rupee banknotes are still legal tender, but all of them must be deposited in bank accounts by September 30, 2023, or they can be...
SGX, NSE to launch platform to trade Nifty products in GIFT City from July 3
The Singapore Exchange (SGX) and India’s National Stock Exchange (NSE) are set to launch the SGX NSE Connect at the Gujarat International...
Walmart to export goods worth USD 10 billion from India by 2027: CEO Doug McMillon
Retail giant Walmart yesterday said India’s unique ecosystem of suppliers will help the company reach its goal of exporting goods worth...
Billions of rupees owed to us frozen due to sanctions, says Russian FM Lavrov
Russian Foreign Minister Sergei Lavrov claimed that his nation has accumulated billions of rupees in Indian banks which it can't use, due to...
As representatives of the eight member nations of the Shanghai Cooperation Organisation arrive in Goa for the two-day Foreign Ministers’...
United States President Joe Biden and Indian-American Vice President Kamala Harris congratulated Indian-origin US executive Ajay Banga on...
People around the world celebrate Earth Day 2023
Celebrating Earth Day on April 22, people around the world have geared up for events and information about the environmental impact we have...
NRIs remit highest ever USD 107 billion in FY 2022-23: RBI Governor
The Governor of the Reserve Bank of India in a statement announced that inward gross remittances from the NRI for FY 2022–23 had reached a...
India has become fastest-growing major economy despite challenges: Modi
Indian Prime Minister Narendra Modi yesterday virtually addressed the US ‘Summit for Democracy’ at a leader-level plenary.
Japan PM Fumio Kishida arrives in India; set to discuss defense, tech deals
Japanese Prime Minister Fumio Kishida arrived in New Delhi today morning to explore ways to boost bilateral ties in a range of areas,...
Biden invites Sunak to White House; likely to discuss fostering economic ties
US President Joe Biden invited British Prime Minister Rishi Sunak to the White House in June.
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen...
US President proposes doubling down on financial aid to Pakistan
US President Joe Biden has proposed to double the economic support fund to cash-strapped Pakistan to USD 82 million for the fiscal year...
China pegs lowest economic targets in decades
China announced one of its lowest economic growth targets in years, kicking off meetings of its rubber-stamp parliament set to hand Xi...
BJP government vs George Soros: What all parties are saying
This week, the headlines were all about the feud between billionaire investor George Soros and the BJP government over the former’s...
Indian Budget 2023 – An attempt by Finance Minister Nirmala Sitharaman to woo all sections with the economic empowerment of the country.
StarHub named world’s most sustainable telco of 2023 Corporate Knights’ Global 100
Mobile service provider StarHub has been named as the world’s top telco (fixed and wireless) on the 2023 Corporate Knights’ Global 100...