Govt tweaks spending norms for Contingency Fund

Budget 2021-22 proposed to enhance the Contingency Fund of India from ₹500 crore to ₹30,000 crore through Finance Bill. The government has tweaked spending norms for Contingency Fund of India, allowing 40% of the total corpus to be placed at disposal of the Expenditure Secretary.  Budget 2021-22 proposed to enhance the Contingency Fund of India […]

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This Is the Most Trusted Country in the World

What do people trust? Their families, friends or employers? The media that give them information? The government? Institutions, both profit and nonprofit? Trust has become a major issue in America, or perhaps it always has been. “Fake news” has become a regular part of our vocabulary. Many people are suspicious of what they see on […]

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The Most Popular Instagram Attraction in the World

Instagram, the photo- and video-sharing social media network, was started in 2010. Two years later, Facebook bought it for about $1 billion. Today, it has over a billion registered users, which makes it among the largest social media platforms in the world. Athletes and other celebrities, like Cristiano Ronaldo, Kylie Jenner and Dwayne Johnson, have […]

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This Is America’s Fastest Growing State

A new U.S. Census Bureau study presents extraordinary population figures. The Census’ Vintage 2021 report shows that America’s population rose by only 0.1%, or 392,665, between July 1, 2020, and July 1, 2021. That is the lowest rate since the United States was founded. The Census report indicates that several factors contributed to the slow […]

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Russia Raises Rates Further

Russia’s central bank raised the key interest rates by a massive 100 basis points and signaled that more hikes may be made in the coming year if inflationary pressures persist. The Board of Directors of Bank of Russia, led by Governor Elvira Nabiullina, decided to lift the interest rate to 8.50 percent from 7.50 percent. […]

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Eurozone Private Sector Growth Eases To 9-Month Low

Eurozone private sector growth eased to a nine-month low at the end of the year as rising coronavirus infection rates hit service sector activity, offsetting improved manufacturing growth, flash survey results from IHS Markit showed on Thursday. The flash composite output index came in at 53.4 in December, down from 55.4 in November. The reading […]

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China Industrial Growth Improves; Retail Sales Rise At Slower Pace

China’s industrial production growth accelerated in November as the disruption caused by the power shortages eased, while the retail sales growth weakened amid an outbreak of the new variant of coronavirus. Industrial production expanded 3.8 percent year-on-year in November, faster than the 3.5 percent rise in October, data from the National Bureau of Statistics showed […]

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