Tag: Global Economy
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US House Approves ‘One Big Beautiful Bill’ with 3.5% Remittance Tax: Impact on NRIs and Global Economies
New Delhi: The US House of Representatives passed the ambitious 1,116-page One Big Beautiful Bill Act on May 22, 2025, with a narrow 215-214 vote,...
Algeria Joins BRICS New Development Bank
New Delhi: In a significant development for global financial cooperation, Algeria has officially become a member of the New Development Bank (NDB), a multilateral...
Women Entrepreneurs Poised to Add $5 Trillion to Global Economy, Yet Face Persistent Hurdles: New Report
New Delhi: Women entrepreneurs in low- and middle-income countries (LMICs) could boost global GDP by $5 trillion—equivalent to Japan’s economy—according to the Empowered or...
India’s External Debt Hits $717.9 Billion: A Critical Analysis of Economic Impact and Future Challenges
New Delhi: India’s external debt reached an all-time high of $717.9 billion at the end of December 2024, reflecting a 10.7% year-on-year increase from...
Global Debt Crisis Escalates to Alarming Levels: UNCTAD’s ‘World of Debt Report 2024’
New Delhi: The global economy is standing at a critical juncture as rising public debt levels threaten to derail development progress, strain fiscal systems, and...