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[ad_1] Colombo: Sri Lankan President Ranil Wickremesinghe on Tuesday emphasised that seeking the IMF bailout package was the only option available to the debt-ridden country to overcome the ongoing economic crisis. “When a country goes bankrupt, it has to go to the International Monetary Fund. Apart from that, there is no other organisation in the…
[ad_1] PM Modi New Delhi: Prime Minister Narendra Modi on Sunday said that the comprehensive economic partnership agreement (CEPA) with UAE has given a boost to Indian entrepreneurs. Modi said in a tweet that it has also deepened India’s ties with UAE. He was responding to a tweet by commerce minister Piyush Goyal, who had…
[ad_1] Powell laid out the “lengthy list” of responsibilities that Brainard has carried at the Fed beyond monetary policy. In a statement, he cited his vice chair’s “stewardship of financial stability and the payments system, strengthening the financial system both domestically and globally, and helping to manage the immense operational agency challenges during the pandemic.”…
[ad_1] “Lael and Jared will help bring a seriousness of purpose to the task of building a strong, inclusive, and more resilient economy for the future,” Biden said in a statement Tuesday in announcing the picks. With the new team, the president is opting for deep Washington experience and knowledge of how to pull the…
[ad_1] She will be leaving the Fed at a crucial juncture when it’s deciding how long to keep interest rates at punishingly high levels to kill inflation. If central bank officials press too hard, they could trigger a recession that pushes millions of people out of work. Still, the job market has remained resilient even…
[ad_1] Lucknow: President Droupadi Murmu on Sunday stressed that economic and social progress should be just and inclusive and said the national priority is to bring all deprived sections of society and women within the ambit of development. Addressing a civic reception hosted in her honour by the Uttar Pradesh government at Lok Bhavan here,…
[ad_1] (Photo: Twitter) Hyderabad: The Indian Air Force’s air commodore P Maheshwar along with Malla Reddy University vice-chancellor Dr V.S.K. Reddy inaugurated a two-day international seminar on the ‘global economic situation’ with reference to market trends in India. Kicked off on Friday at Malla Reddy University, the seminar will conclude on February 11. Air commodore…
[ad_1] Karan Adani, Anant Ambani Mumbai: Tata Sons chairman N Chandrasekharan will head the Maharashtra state Economic Advisory Council (EAC) which also includes Karan Adani and Anant Ambani, a government resolution said on Monday. Karan Adani, the CEO of Adani Ports and SEZ Ltd, is the son of Gautam Adani, who is battling allegations of…
[ad_1] Thiruvananthapuram: Kerala Finance Minister K N Balagopal, during the budget presented by him in the State Assembly here on Friday, attacked the BJP-led Centre by alleging that its policy was the root cause of the economic crisis in the southern state. In his budget speech, Balagopal claimed that the centralisation of power and disregard for…
[ad_1] But it remains highly uncertain whether the Fed can navigate a so-called soft-landing for the economy, in which growth slows but the country averts a recession. And other big headaches loom, including a GOP-controlled House potentially forcing a market-shaking showdown over raising the government’s debt limit. Multiple senior Biden aides and others close to…