According to a recent report by the Reserve Bank of India, India has provisionally created 46.7 million jobs in the fiscal year 2023/24, bringing the total employment in the country to 643.3 million. This marks a significant growth in employment as the country's employment growth rate increased to 6% in fiscal 2024 ..read more

The long-standing promise of bank insurance faces a crisis as online-only lenders with millions in deposits face turmoil, freezing customer accounts and leaving many in the dark about their money's fate. The complex web of blame, bankruptcy, and missing funds has left depositors struggling to recoup their life savings ..read more

France is currently facing a risk of economic meltdown in the country as high earners in the country are looking to flee the country over 90 percent taxes, according to reports. The nation may be on the brink of financial crisis if this situation occurs, claim banking experts ..read more

China's leadership tackles economic challenges including weak consumption, 14.2% youth unemployment, property crisis, local debt, export pressures, and falling foreign investment. Financial pressures, asset shortages, and currency depreciation risks, deflation fears are key concerns affecting the economy's recovery and overall stability ..read more

Sri Lanka is set to reduce power prices by 22.5% starting Tuesday to alleviate the financial strain on its population amid a severe economic crisis. The price cuts come after significant increases to meet IMF bailout conditions. The move is expected to benefit industries and low-income users, aiding economic recovery and maintaining inflation targets ..read more

India is grappling with unemployability in the financial services sector, with nearly 18 lakh jobs not filled last year. GIFT City in Gandhinagar, which employs nearly 6,000 people, is expected to generate nearly 1.5 lakh jobs in the next five years. FPSB India CEO Krishan Mishra said that banks, insurance companies, brokerage houses, and mutual fund companies need trained professionals, and that there are about 40 times as many jobs as the number of Certified Financial Planner (CFP) professionals available ..read more

Following the Hindenburg crisis, the Adani Group is regaining momentum and transitioning back to a growth trajectory. Today, the board of Adani Enterprises has given the green light for a fundraising endeavor totaling Rs 16,600 crore through the Qualified Institutional Placement (QIP) route ..read more

Mungeshpur, north of New Delhi, recorded a record temperature of 52.9°C, raising concerns about urban heat stress in Indian megacities due to urbanisation, humidity, and reports from Mumbai and the Centre for Science and Environment ..read more

Allegations of neglect in Hill Districts of Manipur by Kuki-Zomi-Hmar MLAs against the State Government post-ethnic violence. Claims of halted development projects and discrimination. Government denies allegations citing challenges and financial crisis impacting fund releases ..read more

ICRA revises FY2025 steel demand growth to 9-10% due to strong government spending and sector demand, leading to increased earnings and India remaining a net steel importer in the current fiscal ..read more