Tag: economy
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Zakat A practical approach to boosting the economy
By: Saif Alam Siddiqui As we have entered the last phase of the Holy month, let us refresh the concept again, Literally, zakat means to grow, it can be used as an alternative approach for capacity building to be more productive, thereby contributing more to the economy. With around 1.8 billion Muslims globally i.e 24.1%…
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The Kingdom struggles over majority withdrawal of expatriate labour pool
By Saif Alam Siddiqui for Maeeshat Media, The kingdom’s Vision 2030 to create more jobs for Saudis in the private sector rebound and squeeze the economy, the Washington Post reported that a mass evacuation of foreign workers had initially encouraged to help secure employment for its citizens, is now adding to its trouble over an…
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Data protection bill detrimental to economy, says advocacy group
New Delhi : While the government is in the process of devising institutional measures to protect consumers’ personal data, an advocacy group has written to Union Law Minister Ravi Shankar Prasad against the limited scope of the legislation in work, which, it said, will “harm the overall globalization of the economy” in the long run.…
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How to bridge India’s tech-induced skill gap
By Amit Kapoor, The world stands on the brink of the Fourth Industrial Revolution, powered by a wide range of new technology breakthroughs — Artificial Intelligence, Machine Learning, advanced robotics, Internet of Things, cloud computing and 3D printing — and the revolution is expected to result in major changes in the labour market globally by…
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June retail inflation at 5%, May industrial output declines
New Delhi : Retail inflation in India touched the 5 per cent mark in June, compared to 4.87 per cent in May, even as industrial output in May grew at 3.2 per cent over the same month last year but declined as compared to rise of 4.9 per cent in April mainly on account of…
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US, China trade war begins
By Gaurav Sharma, Beijing : A trade war between China and the US – the world’s largest economies – began on Friday as the two sides started slapping additional tariffs on each other’s goods, worth nearly $70 billion, a development that could impede global economic recovery. As planned, Washington began taxing 818 Chinese goods worth…
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Move to circular economy to restore ecosystems: GEF chief
By Vishal Gulati, Da Nang : Humans must transform their key economic systems and move to a circular economy to restore the ecosystems. The transformation is needed and is possible, a top environmentalist has said. Global Environment Facility (GEF) CEO and Chairperson Naoko Ishii told the opening session of its two-day assembly, sixth in series,…
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Iranian parliament holds closed-door session on economy
By Fares Karam, Istanbul: Iran’s parliament held a closed-door session on Tuesday to discuss the country’s economic situation amid expectations of a fresh round of U.S. sanctions against Tehran. Iran continues to face a host of serious economic challenges, including high unemployment and a weakening currency, due largely to longstanding U.S. economic sanctions. MP Fatima…
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A view through an infrastructure investor’s prism
By Taponeel Mukherjee, Perspectives on infrastructure assets vary widely: While investors focus on investment returns, policymakers analyse both financial and socio-economic benefits. It would be worthwhile for policymakers to view things through an investor’s investment prism because an understanding of the critical factors that shape investment decisions will help frame better policies to expedite Indian…
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The worrying problem of global debt
By Amit Kapoor, Any undergraduate student of economics would vouch for the fact that an economy in a recession requires a fiscal stimulus package (or more government spending and lower taxes). Such a stimulus can only be managed if the economy constrains its fiscal spending in times of growth. Restraint on spending in good times…