Page 4 - Economy

Economy impact, biodiversity key in animal disease fight: AHC Mitra

Economic impact and biodiversity loss should be key criteria in prioritising animal infectious diseases, said Animal Husbandry Commissioner Abhijit Mitra while inaugurating a three-day workshop on Wednesday. The workshop on Animal Infectious Disease Prioritization, organized by the Food and Agriculture Organization of the United Nations (FAO) under the Department of Animal Husbandry & Dairying, aims to address the significant challenges posed by these diseases, an official statement said. "The financial burden of infectious diseases affecting livestock, poultry, and wildlife has far-reaching consequences for both the agricultural sector and our national economy," Mitra emphasised. He further stressed the importance of considering biodiversity loss in the prioritisation process, citing its long-term implications for ecosystems and environmental sustainability. The event brought together experts from various government departments, research institutions, universities, and ...

MPC and Inflation: Tracking non-food retail inflation trends in India

If monetary policy cannot influence food inflation, why should it not subject its stance to non-food price spiral?

Economists suggest ending war to revive Israel's struggling economy

In Jerusalem's Old City, nearly all souvenir shops are closed. In Haifa's flea market, forlorn merchants polish their wares on empty streets. Airlines are canceling flights, businesses are failing and luxury hotels are half empty. Nearly 11 months into the war with Hamas, Israel's economy is struggling as the country's leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict. Prime Minister Benjamin Netanyahu has tried to allay concerns by saying the economic damage is only temporary. But the bloodiest, most destructive war ever between Israel and Hamas has hurt thousands of small businesses and compromised international trust in an economy once thought of as an entrepreneurial dynamo. Some leading economists say a cease-fire is the best way to stop the damage. The economy right now is under huge uncertainty, and it's related to the security situation how long the war will go on, what the intensity will be and the .

With battered economy, infrastructure, can Lebanon afford war with Israel

The ferocious exchange of fire by Hezbollah and the Israeli military is raising fears of a regional war beyond the tense border. The risks for Lebanon are far greater than in 2006, when a monthlong war with Israel ended in a draw. Lebanon has struggled with years of political and economic crises that left it indebted, without a stable electricity supply, a proper banking system and with rampant poverty. And with Hezbollah's military power significantly greater, there are concerns that a new war would be far more destructive and prolonged. Can Lebanon afford any of it? Planning for a 2006 war repeat or worse Since Hezbollah and Israel began firing rockets and drones at each other a day after the start of the Israel-Hamas war in Gaza on Oct. 7, the conflict has been mostly limited to border towns. But with the threat of a wider war, Lebanon has scrambled to equip hospitals with supplies and prepare public schools to open up to people seeking shelter. A rare Israeli airstrike in ..

B'desh to tame inflation by interest rate hike of 9% in coming days: Report

Bangladesh Bank's new governor, Ahsan H. Mansur, appointed just a week ago, also said that he would raise interest rates further to 10 per cent or more in the coming months

French economy gets boost in August from 2024 Olympics, PMI shows

France, the euro zone's second-largest economy, has been banking on the Games to bolster its tepid growth rate

Bangladeshi turmoil risks weaker banks and slower financial reforms: S&P

An interim government, led by economist Muhammad Yunus, has been appointed to plug a power vacuum and hold elections, but the protests have widened to target officials appointed during Hasina's term

One year of DPDP Act: Firms in a fix over delayed implementation of rules

Digital rights and advocacy groups said that the delay in the notification of rules is creating business uncertainty and has limited individuals' ability to exercise rights given to them

74% Pakistanis unable to meet expenses, 10% doing two jobs: Report

Survey of Pakistan with roughly 240 mn population, also highlighted that more than half of those who are just managing to cover expenses, are unable to save any money after meeting their basic needs

RBI MPC highlights: Deposit-credit divergence could lead to liquidity management issue, says Das

RBI Monetary Policy Meeting 2024: Catch all the latest highlights on RBI's monetary policy announcements here

Viksit Bharat needs a new paradigm: Reforming the thinking behind policy

The time has come to imagine the contours of a new paradigm of progress

Rajasthan govt to set up animal husbandry development fund worth Rs 250 cr

Rajasthan Chief Minister Bhajanlal Sharma on Saturday said the state government will constitute the Chief Minister's Animal Husbandry Development Fund with an allocation of Rs 250 crore to benefit cattle farmers. Sharma was addressing a delegation of Dewasi community who had come from various assembly constituencies including Sirohi and Bali to express gratitude for the announcements made for their upliftment in the state's annual budget. According to an official statement, the chief minister said that the country is agriculture-based and cattle farmers have an important contribution in the state's economy. Keeping this in mind, many gifts have been given in the budget for the empowerment of cattle farmers. Chief Minister's Animal Husbandry Development Fund will be constituted with Rs 250 crore for animal husbandry promotion, conservation and development, he said. According to the chief minister, the grant amount will be increased from 50 per cent to 75 per cent for breed developme

Sri Lanka needs to raise fiscal revenue to maintain economic stability: IMF

IMF has also provided Colombo and financial advisors of the country's bondholders an assessment on a provisional deal

Budget with BS: 'We are in one of the biggest market booms', says Motilal Oswal's Raamdeo Agrawal

Latest updates: Catch all the updates on the analysis of the Union Budget for FY25 here

April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target

Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year

Euro zone economy sees slight growth, outlook remains far from rosy

Euro zone economy is quite like water quality of Seine (polluted river in Paris), some days it may look okay but overall it's poor enough to continuously worry about it, ING economist Bert Colijn said

Excluding food from RBI's inflation framework may not have many takers

Headline numbers best communicated to common man; Govt needs to step up supply management

Foreign exchange reserves jump $4 billion to new peak of $670.85 billion

Surpassing the all-time high level achieved the previous week, India's forex reserves jumped by another USD 4 billion to USD 670.857 billion for the seven days ended July 19, the Reserve Bank said on Friday. The overall reserves had jumped by USD 9.699 billion to an all-time high of USD 666.854 billion in the week ended July 12. For the week ended July 19, foreign currency assets, a major component of the reserves, increased by USD 2.578 billion to USD 588.048 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 1.329 billion to USD 59.992 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 95 million to USD 18.207 billion, the apex bank said. India's reserve position with the IMF were unchanged at USD 4.610 billion in the reporting we

Youth hirings in formal sector witness upswing in April-May: EPFO data

EPFO data says women subscribers also rose after falling last year

India likely to have highest per-capita income growth, says report

Study pegs growth at 5.4% during 2024-33