Search result for Budget
Germany is in a slump, so Berlin is getting ready for a fight over budget cuts.
For the first time in almost a decade, Europe's biggest economy has money problems, and it's up to three fighting parties to fix them.
Official numbers released Thursday show that Germany is now in a recession. During the first quarter of the year, the country's gross domest...
Biden desires a $886 billion defence budget with a view toward Ukraine and future conflicts.
UNITED STATES OF AMERICA, March 13 (Reuters) Russia's war in Ukraine has prompted calls for increased spending on munitions, and President Joe Biden has requested $886 billion, the largest peacetime U.S. military budget. This proposal includes a 5.2% pay raise for troops and the largest alloc...
JAPAN GOVT. PASSED A BUDGET OF $976 BILLION FOR FISCAL 2021
Highlights –
- Japan govt. passed a budget of $976 billion for fiscal 2021.
- The amount would be used to mitigate the fallout from the coronavirus pandemic.
- Part of the budget will also be used in rising social security and defense costs...
$1.9 TRILLION STIMULUS PACKAGE’S FINAL BILL BEING DRAFTED
Highlights:
• Biden’s stimulus package will be the first delivery of his promises
• The bill has to be passed as soon...
INDIAN GOVT. FIRM ON BANNING CRYPTOCURRENCIES
Highlights:
- The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 will be introduced in the budget session
- Investors are likely to be given 6 months to take care of their cryptocurrencies
India's stand on cryptocurrencies remai...
NEW TAX IN BUDGET 2021 TO MAKE LIQUOR COSTLIER
HIGHLIGHTS
- New budget imposes new tax on liquor which can make liquor costlier.
- Contrary to popular belief, alcohol prices will not increase due to 100% agri infra cess.
- However, some duties have been reduced on the liquor. Hence, increase ...
IMPORT DUTY RAISED ON PARTS OF MOBILE PHONES AND CHARGERS IN NEW BUDGET
HIGHLIGHTS
- The new Union Budget has proposed to impose to import duty on the components of mobile phones and chargers.
- This move can impact the prices of mobile handsets.
- Mobile manufacturers are likely to increase the purchase and use of c...
INDIAN FINANCE MINISTER SITHARAMAN PRESENTS 2021 BUDGET
HIGHLIGHTS
- Indian Government has unveiled a massive spending plan focused on healthcare and infrastructure.
- The new budget aims to boost the economy ravaged by coronavirus.
On Monday, 1 FEB 2021, Indian finance minister Nirmala Sitha...
INDIAN CAR DEALERS HAIL NIRMALA SITHARAMAN’S BUDGET 2021
HIGHLIGHTS
- The current fiscal year witnessed increase in the registration of vehicles across India in December 2020.
- Combined sales of passenger vehicles and two-wheelers witnessed a growth of 11% year-on-year.
- FADA said that the announceme...
LEADERS OF EUROPEAN UNION SET TO APPROVE BUDGET AS POLAND AND HUNGARY ACCEPT DEAL
Highlights:
- The leaders of the European Union are all set for approving the budget Poland and Hungary accepted the deal
- The compromise between the European Union and Poland, Hungary has been brokered by Germany
Poland and Hungary, bo...
JAPAN’S BUDGET FOR FY2021 LIKELY TO BE MORE THAN $986 BILLION DUE TO PANDEMIC
Highlights –
- Japan’s budget for FY2021 to be more than $986 billion due to pandemic.
- Some 5 trillion yen has already been set aside for funds in addition to the above amount.
- The current FY2020 budget has been 102.66 trillion ye...
AMOREPACIFIC APPOINTS NEW PRESIDENT TO TURNAROUND LEAN TROT IN SALES
- South Korean cosmetics titan Amorepacific declared the appointment of Kim Seung-Hwan as its new president on Thursday, in a major post-COVID-19 overhaul following lackluster sales this year.
- Kim, 51, previously has worn many caps including as leader of the human resources unit....
SUGA REVEALS OMISSION OF SCHOLARS WAS INFORMED BY DEPUTY CHIEF SECRETARY
Highlights –
- Suga reveals omission of scholars was informed by Deputy Chief Secretary.
- Earlier Suga mentioned that he had not looked at the list of 105 scholars, including the 6 eliminated ones.
- Kiyomi Tsujimoto deputy chief of the o...
U.S. BUDGET DEFICIT SURPASSED $3.1 TRILLION IN 2020: DATA
Highlights
• According to the data released jointly by the White House and the Treasury Department, this year the government has shelled out $6.552 trillion which is up from $4.447 trillion in 2019
• This government released data clearly showcases the impact of COVID...
JAPAN’S BUDGET AIRLINE ZIPAIR LAUNCHED PASSENGER SERVICES ON FRIDAY
Highlights –
- Japan’s budget airline Zipair launched passenger services on Friday.
- Zipair scheduled its first flights between Tokyo and Seoul.
- The airline company delayed its service by five months due to the COVID-19 pandemic.
JAPAN GOVERNMENT MINISTRIES AND AGENCIES REQUET $1 TRILLION AS BUDGET FOR FY 2021
Highlights –
- Japan government ministries and agencies request $1 trillion as budget for FY 2021.
- The sum is excluding spending plans for the COVID-19 pandemic.
- The budget for the year starting in April 2021 will be finalized in late D...
JAPAN’S GENERAL ACCOUNT BUDGET REQUEST FOR FISCAL 2021 TOPPED $950 BILLION
Highlights –
- Japan's general account budget request for fiscal 2021 topped $950 billion.
- The Ministry of Health, Labor, and Welfare asked for a record of 32.99 trillion yen.
- The Ministry of Land, Infrastructure, Transport, and To...
SEVERAL MINISTRIES AND AGENCIES FROM JAPAN MAKE LARGE BUDGET REQUESTS FOR FY 2021
Highlights –
- Several ministries and agencies from Japan make large budget requests for FY 2021.
- The budget request for FY 2021 exceeds $947 billion.
- Ministry of Health, Labor, and Welfare made requests for around $31 billion. ...
SAMSUNG GALAXY F KICKSOFF TO FESTIVE START ON FLIPKART ON 8TH OF OCTOBER
- Samsung will launch the new India-made Galaxy F range of smartphones at Wal-Mart Inc. helmed online retailer Flipkart on October 8.
- The series is taking a shy at underlining the shooting demand among the young online shoppers in India, Samsung said.
Samsu...
KB KOOKMIN BANK’S MOBILE PHONE BIZ FACING DRAWBACKS AMIDST LENDER UNION OUTCRIES
- KB Kookmin Bank's new line of business offering mobile phone plans in partnership with telecommunications firm LG Uplus continues to face pitfalls due to hardline opposition from the lender's union.
- Last November, the bank introduced its budget phone service Liiv M, whi...