18.9 million salaried Indians lost their jobs since April

A new report has revealed that 18.9 million Indians lost their job between April to July this year, with 5 million of these jobs being shed off in July alone due to the coronavirus-related lockdowns. The data, released by the Centre for Monitoring Indian Economy (CMIE), was published as the Indian economy limps back to […]

UK government debt crosses a whopping 2 trillion pounds for first time

London: UK government debt passed 2 trillion pounds ($2.6 trillion) for the first time, a milestone that will stoke the debate over how Chancellor of the Exchequer Rishi Sunak should finance his unprecedented support for the pandemic-ravaged economy. It means what Britain now owes exceeds 100 per cent of economic output, the heaviest burden since the […]

India, Japan and Australia make move to secure China-free supply chains

Tokyo: Japan, India and Australia are seeking to build stronger supply chains to counter China’s dominance as trade and geopolitical tensions escalate across the region. The three nations are discussing building a “supply chain resilience initiative”. The talks are at a working level currently, but Japan would like to bring them to a higher level […]