Search result for FINANCE MINISTER
The G7 finance ministers' meeting is overshadowed by banking crisis concerns.
Against the backdrop of concerns of a bank-led global financial crisis, the Group of Seven finance ministers and central bank governors meeting, which begins on Thursday, is anticipated to concentrate on strengthening the financial system.
Ahead of next week's G7 leaders’ summ...
If governments try to regulate cryptocurrencies without reaching a worldwide consensus, they will fail. FM A. Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman said on Sunday that a worldwide framework may need to be formed, and everyone will have to work together on it, before India takes any action on it, underscoring that global consensus is important for regulation of crypto. However, the Minister emphasized...
France's top budget aim for 2023 is reportedly lowering inflation
France's finance minister stressed the importance of fighting inflation on Monday as he presented a 2023 budget that faces "exceptional uncertainty" as a result of Russia's war in Ukraine.
While presenting the 2023 budget plan, French Finance Minister Bruno Le Maire to...
Infosys CEO summoned over income tax glitch
Highlights
- The CEO of Infosys summoned by the finance minister
- Chairman of Maruti Suzuki was seen defending the company
The members of the Rashtriya Swayamsevak Sangh launched an attack on tech giant Infosys in their magazine. This was done because o...
CAPITAL GAINS FROM CRYPTOCURRENCIES WILL NOW BE TAXABLE IN S. KOREA
Highlights –
- Capital gains from cryptocurrencies will now be taxable in S. Korea.
- The government plans to impose a 20 percent tax on capital gains of virtual assets from 2022.
- Stock and bonds investors will have to pay taxes on capita...
S. KOREA TO INCREASE FINANCIAL SUPPORT FOR GREEN PROJECTS TO 13%
Highlights –
- S. Korea to increase financial support for green projects to 13%.
- S. Korea is planning to review the establishment of a climate response fund this year.
- S. Korea aims to achieve the goal of going carbon neutral by 2050.
MOON JAE IN TO HOLD A MEETING TO DISCUSS THE COUNTRY’S ECONOMY
Highlights –
- Moon Jae In to hold a meeting to discuss the country’s economy.
- The Blue House is said to have also invited several South Korean business leaders.
- Finance Minister Hong Nam-ki, Industry Minister Sung Yun-mo is to at...
FINANCE MINISTRY OF S. KOREA TO REMOVE TARIFF ON FEW IMPORTED GRAINS
Highlights –
- Finance Ministry of S. Korea to remove tariff on few imported grains.
- S. Korea will import edible corm and some grains without tariff until the end of the year.
- The country currently levies a 3 percent tariff duty on impo...
IT IS UNOFFICIAL YET BUT INDIA IS SET TO DECLARE CRYPTO ILLEGAL
Highlights:
• The news has been broken by a senior government official
• This has dashed hopes of keeping the domain alive in India
The Indian cryptocurrency scenario has been a dilemma...
INDIAN CRYPTOCURRENCY INDUSTRY SEES HOPE IN NEW STANCE OF FM
HIGHLIGHTS
- Currently cryptocurrency does not have any legal recognition in India.
- However, now cryptocurrency industry in India is seeing hope in the new stance of Finance Minister.
Although Indian law does not recognize the concept ...
LAND MINISTER LIKELY TO STEP DOWN OVER LH EMPLOYEES LAND PURCHASES
Highlights –
- Land Minister likely to step down over LH Employees land purchases.
- The land minister is said to come up with measures to prevent employees with speculative land purchases.
- LH employees bought lands in two cities that hav...
S. KOREAN FIRST VICE FINANCE MINISTER WARNS OF GROWING INFLATION RISKS
Highlights –
- S. Korean First Vice Finance Minister warns of growing inflation risks.
- The risk has been directed towards rising oil prices.
- Prices of the farm, livestock, and fisheries products advanced 16.2 percent on-year in 2020.
S. KOREAN GOVT. ANNOUNCES TO MAKE EFFORTS TO CREATE MORE JOBS BY 2025
Highlights –
- S. Korean govt. announces to make efforts to create more jobs by 2025.
- The country’s finance minister Hong Nam Ki revealed a road map on developing the service industry.
- The ministry plans to resume the distribution...
S. KOREAN FINANCE MINISTRY LIKELY TO SUBMIT EXTRA BUDGET PROSPOSAL
Highlights –
- S. Korean finance ministry likely to submit an extra budget proposal.
- Finance Minister Hong Nam Ki has instructed officials to do the same by next week.
- The govt. and the ruling Democratic Party may surpass the budget by ...
S. KOREAN GOVT. LIKELY TO EXPAND EMERGENCY RELIEF FUNDS FOR THE 4TH TIME
Highlights –
- S. Korean govt. likely to expand emergency relief funds for the 4th time.
- The emergency relief funds would include merchants whose yearly sales are more than $364,000.
- The country’s ruling Democratic Party (DP) and ...
FDI HIKE IN INSURANCE EXPECTED TO BOOST FOREIGN CAPITAL IN INDIA
HIGHLIGHTS
- The new budget presented by FM Nirmala Sitharaman allows 74% FDI in insurance business.
- The new budget proposal is can help local private insurers expand presence in India.
With the new budget presented by Finance Minister...
INDIAN TECH INDUSTRY LAUDS UNION BUDGET
HIGHLIGHTS
- Indian Tech giants have hailed the union budget.
- Indian Tech Industry believes that new budget is a step towards Aatmnirbhar Bharat.
Indian Technology Industry has applauded the new budget and biggest minds of Indian techn...
S. KOREA SUGGESTS MONITORING MARKET VOLATILITY OVER GAMESTOP CASE
Highlights –
- S. Korea suggests monitoring market volatility over GameStop case.
- Retail investors recently snapped up shares of U.S video game vendor GamseStop.
- The buying spree is said to have incurred heavy losses for hedge funds.
S. KOREA FINANCE MINISTER ANNOUNCES PUBLIC INSTITUTIONS TO HIRE MORE NEW EMPLOYEES
Highlights –
- S. Korea Finance Minister announces public institutions to hire more new employees.
- The country’s public institutions in 2021 plan to hire more than 26,000 new employees.
- The minister said that the public sector wil...
SOUTH KOREA GOVT. PLANS TO PROVIDE EMERGENCY HANDOUTS TO SMALL BUSINESS OWNERS
Highlights –
- South Korea govt. plans to provide emergency handouts to small business owners.
- The government plans to do so by early February, around the Lunar New Year holiday.
- The government will provide US$8.6 billion in relief fund...