India has increased its defense budget by 9.5% to $78 billion for 2025. The latest budget of the government led by Prime Minister Narendra Modi has increased defense spending to 8% of the country’s total GDP, establishing India as the fourth largest defense spender globally after the United States, Russia and China. According to analysts, […]
Read MoreDeputy Chairman of the Cabinet of Ministers — Minister of Water Resources, Agriculture and Processing Industry of Kyrgyzstan Bakyt Torobaev held a meeting on food prices. He noted that the republic has sufficient food reserves and warned of taking tough measures against those who unreasonably inflate their prices. The Ministry of Economy and Commerce, the Antimonopoly Regulation Service, the presidential plenipotentiary representatives in the regions, local […]
Read MoreThe number of tourists visiting the Maldives crossed 200,000 in January, statistics have shown. According to the Tourism Ministry, the number of tourists visiting the country in January was 11.1 percent higher than the same period last year. The largest number of tourists visited the Maldives in January came from China. According to the latest […]
Read MoreSri Lanka is set to relax a ban on some vehicle imports in a sign the country is returning to normal after a severe economic crisis that toppled a president. From 1 February, imports of buses, trucks and utility vehicles will be allowed to resume, while restrictions on other vehicles are expected to be gradually […]
Read MoreIndia’s annual budget announcement was a bigger deal than usual this year: As the first full budget of Prime Minister Narendra Modi’s third term, it will set the tone for how the world’s fifth-largest economy confronts slowing growth and sagging markets. But the year’s top economic policy event opted mainly for short-term economic relief through […]
Read MoreThe country’s merchandise exports grew by over 7% to $4.5 billion in January, compared to $4.2 billion in the same month a year ago, driven largely by an increase in shipments of ready-made garments. With this, export earnings surpassed $29 billion in the first seven months of the current fiscal year, reflecting growth of over […]
Read MoreTaiwan has banned all government agencies from using Chinese artificial intelligence (AI) company DeepSec, the ministry of digital affairs said in a statement on Friday. The ministry said DeepSec is a major threat to information security. The Taiwanese government has always been wary of Chinese technology products. The main reason for this is that Beijing […]
Read MoreIn 2024, the average monthly salary in Uzbekistan increased by 17.4% compared to the previous year, reaching 5.357 million UZS, with the highest average salary recorded in Tashkent at 9.1 million UZS, according to statistical data. The regions that followed Tashkent in terms of average salaries are as follows: Navoi region – 6.7 million UZS; […]
Read MoreThis time India has announced a major income tax cut. The budget was presented for the eighth time in the country on Saturday. According to the new tax structure, the tax-free income limit has been increased to Rs 12 lakh. NDTV. Indian Finance Minister Nirmala Sitharaman has said that no income tax will be paid […]
Read MoreThe government’s external debt burden is rising at a pace far outstripping revenue growth, pushing the debt-to-revenue ratio dangerously close to the IMF’s 18% threshold by the end of fiscal 2023-24, according to a recent Economic Relations Division (ERD) report. The debt-to-revenue ratio surged to 16.53% in FY24, up from just 12% a year ago, […]
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