Domestic banks’ share in the overall commercial credit has plunged to a low of 34 per cent in FY2021 from 56 per cent in FY2011 partly due to the pandemic and more because companies are moving away from banks for funds, says a report
FDI inflow to India declines to 74.01 billion dollars in 2021
Total foreign direct investment (FDI) inflow to India declined to $74.01 billion in the calendar year 2021, which is 15 per cent lower from $87.55 billion recorded
India requires 2,210 aircraft over next 20 years, says Airbus
Aircraft maker Airbus has forecast that India will require 2,210 new aircraft over the next 20 years when the country’s air passenger traffic is expected to grow at 6.2 per cent per annum, the highest in the world.
Trump aide Manafort removed from plane for revoked passport
Former Trump adviser Paul Manafort was removed from a plane at Miami International Airport before it took off for Dubai because he carried a revoked passport, officials said Wednesday.
Omicron subvariant infections on rise in US
The BA.2 variant accounted for about 34.9 per cent of new Covid-19 infections in the country in the week ending March 19, according to the latest data of the US Centers for Disease Control and Prevention (CDC).
Cracks emerge in Pakistan-Taliban partnership: Report
Cracks have started to emerge in the alliance between the Afghan Taliban and the Pakistani establishment due to the former’s support to Tehreek-e-Taliban Pakistan (TTP) and the rising
Imran Khan says he still holds the trump card
Pakistan Prime Minister Imran Khan said on Wednesday that he still holds the trump card on the situation that emerged after the opposition submitted a no-confidence motion against him, and when he reveals the card the opposition leaders will be surprised, Samaa TV reported.
7,000 to 15,000 Russian troops dead, says NATO
NATO estimated on Wednesday that 7,000 to 15,000 Russian soldiers have been killed in four weeks of war in Ukraine, where fierce resistance from the country’s defenders has denied Moscow the lightning victory it sought.
Ukraine says 6 killed in Russian strikes in Kharkiv
Russian strikes on the eastern Ukrainian city of Kharkiv killed at least six civilians and wounded more than a dozen, the regional governor said Thursday, one month into Russia’s invasion.
Mobile phone exports from India to touch $5.5bn
Mobile phone exports from India will increase by 75 per cent from $3.16 billion in 2020-21 to over $5.5 billion in the current fiscal, a report said on Thursday.
