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UKRAINE BUDGET SHORTFALL
Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...- A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine printIndia’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route ...
- Central banks look through inflation until entrenched, no evidence of second-round effects: Dy Gov Poonam GuptaThe Reserve Bank of India is navigating global economic hurdles and geopolitical tensions. Deputy Governor Poonam Gupta explains the centra...
- 'No oil, no money': Hungary's Viktor Orban brings Ukraine standoff to BrusselsEuropean Union leaders meet in Brussels to finalize a vital loan for Kyiv. Hungary's Viktor Orban is obstructing the funding, demanding Ukr...
- Iran-fuelled oil price rally is not enough to balance Russia's budgetGlobal oil prices have surged following strikes on Iran, reaching their highest point since July 2024. However, this price increase is not ...
- IMF approves $8.1 billion loan for Ukraine, with $1.5 billion to go immediatelyThe IMF approved an $8.1 billion loan for Ukraine, anchoring a $136.5 billion international support package to maintain economic stability ...
- EU agrees €90 bn loan for Ukraine, but without Russian assetsEuropean Union leaders have approved a 90-billion-euro loan for Ukraine. This financial package will help Kyiv address its budget shortfall...
- Russia cuts oil price forecast to $65 per barrel in 2024-2027Russia has faced myriad sanctions from the West over the conflict in Ukraine, including restrictions on Russian oil purchases as well as a ...
- US budget deficit widens to $1.7 tn on lower tax revenueThe US budget deficit has increased to $1.7 trillion, posing potential challenges for President Joe Biden's reelection campaign. The defici...
- Russia's optimistic fiscal plans risk budget revenue shortfallRussia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and econo...
- Russia plans 26% rise in budget spending in 2024Moscow is spending heavily on its armed forces as it prosecutes what it calls a "special military operation" in Ukraine, and social spendin...
- Russia to avoid buying FX under budget rule this yearRussia will not use excess oil revenues to purchase foreign currency on the open market this year, as prescribed by its budget rule. On Thu...
- Russia's revenue falls sharply in January from year earlierThe ministry also said the budget deficit for January was 1.77 trillion rubles ($23.9 billion), about 60% of the shortfall that had been pl...
- Govt seeks to shrink budget deficit as global headwinds loomAuthorities are turning cautious because India needs foreign inflows to bridge the deficits. The people said that while authorities won’t c...
- UK increases windfall tax on profits of oil, gas companiesSaying the U.K. faces "unprecedented global headwinds," Treasury chief Jeremy Hunt is unveiling tax increases and spending cuts in a speech...
- Australia to spend more on defence, security in next budgetWith Russia at war with Ukraine and China's military becoming more assertive, Frydenberg foreshadowed "further investments in defense and n...
- PSUs may pay higher dividends for govt to meet Budget shortfall"With the likely deferral of LIC IPO to FY23, the budget shortfall for FY22 will be huge, and the pressure on Reserve Bank of India, public...
- Finance Ministry asks ministries to surrender savings by Mar 21An office memorandum issued by the Budget Division of the Ministry of Finance informed all departments and ministries that the last date fo...
- Ukrainian crisis to push up fertiliser prices; govt subsidiesAt present, Belarus and Russia are key suppliers of Potash in the global market. On the other hand, India is a major importer of Potash, wh...
- Ukraine faces bankruptcy if it cannot secure a $15 billion bailout 'within weeks'The shortfall comes after Ukraine's gross domestic product (GDP) fell by 5.3% in the third quarter of 2014 as the country, the State Statis...
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