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The country meets 84 per cent of its crude oil demand from imports and the oil import bill was USD 57 billion or 2.1 per cent of GDP in FY21. The crude prices are up 30 per cent from August lows and are near three-year highs and any sustained rise in global oil prices is a negative shock to the […]
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The Income Tax department said the performance of the new portal had “substantially stabilised” The Income Tax department on Thursday said more than two crore income tax returns (ITRs) for the financial year 2020-21 have been filed so far and the performance of the new I-T portal has "substantially stabilised". Asking taxpayers to file their ITRs for fiscal 2020-21 (April […]
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SINGAPORE (THE BUSINESS TIMES) – Nearly half (45 per cent) of current university students and recent graduates in the Asia-Pacific surveyed by the CFA Institute said they are reassessing their career paths in the light of the Covid-19 pandemic. Their top concerns include feeling underqualified for the job they want (24 per cent); low pay in their preferred sector (23 […]
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There are over 3,000 counties in America. Many are microcosms of how the very rich and very poor live. Others are examples of places where natural resources are abundant. Some counties are as small as a few square miles. Others are huge, like some of those in Wyoming. Some are parts of cities that have dense populations. Others, particularly in […]
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SYDNEY (REUTERS) – Australia could face rising costs of capital and divestment by offshore funds if it is not seen to be doing more to address climate change, a top central banker said on Thursday (Oct 14). Reserve Bank of Australia (RBA) deputy governor Guy Debelle said foreign investors were increasingly bringing up the issue of climate change with the […]
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Consumer inflation in metro Denver has reached its highest levels since 2001, when the dot-com boom pushed up prices and wages across the economy. Measured on an annual basis, the Consumer Price Index for Denver-Aurora-Lakewood rose 4.5% in September, up from a 3.5% annual pace in July and the highest reading since the 4.7% increase recorded in 2001, according to […]
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BEIJING (REUTERS) – China’s export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic Covid-19 cases. The world’s second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam. Problems including falling factory activity, persistently […]
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WASHINGTON (AFP)- Snarls in transportation and supply chains have led to rising prices and shortages of some goods, but US Treasury Secretary Janet Yellen on Tuesday (Oct 12) urged Americans not to panic. Price increases are not likely to last, and there should be plenty of products available for the holiday shopping season, she said in an interview with CBS News. […]
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TOKYO (BLOOMBERG) – The number of vessels waiting to enter one of the world’s busiest ports has jumped to the most since August, threatening to further snarl global supply chains strained by a surge in consumer demand for everything from cars to computers. China’s Yantian port in Shenzhen suspended pickup and drop-off of containers as tropical cyclone Kompasu approached the […]
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HONG KONG (BLOOMBERG) – The divide between Asia’s two main financial hubs in handling the pandemic is growing ever wider, with one opening up to global travel and the other maintaining one of the world’s harshest quarantine policies. In Singapore, officials are taking steps to reconnect with the global economy even as the government faces pressure to favor locals over […]
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