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Russia Budget: Russia to make...

An adjustment to Russia's budget rule...

Asian Development Bank appoints Bhargav...

NEW DELHI: The Asian Development Bank...

Russia Budget: Russia to make extra $17.7 billion in energy revenues available to budget next year

An adjustment to Russia's budget rule next year will make an extra 1.7 trillion roubles ($17.72 billion) available in spending from oil and gas revenues, according to draft outlines for Russia's budget over the next three-year period. After invading Ukraine in February 2022, Russia suspended its budget rule and introduced a version in 2023 allowing it to spend more and save less in its National Wealth Fund (NWF). At a government meeting on Friday, Finance Minister Anton Siluanov said Russia would return to following its budget rule in...
Karl Jörg -
Business Profiles

Russia Budget: Russia...

An adjustment to Russia's budget rule next year will make an extra 1.7 trillion roubles ($17.72 billion) available in spending from oil and...
Karl Jörg -
Business Profiles

Asian Development Bank...

NEW DELHI: The Asian Development Bank (ADB) on Friday appointed Bhargav Dasgupta, MD and CEO of ICICI Lombard General Insurance, as Vice-President (market...
Karl Jörg -
Business Profiles

Trade: Govt eyes...

NEW DELHI: Finance minister Nirmala Sitharaman on Monday said that the government is currently focusing on listing Indian companies in Gift City before...
Karl Jörg -
Business Profiles

RBI likely to...

NEW DELHI: The Reserve Bank is likely to launch the pilot of Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or...
Karl Jörg -
Business Profiles

Jan Dhan Yojana...

NEW DELHI: Finance Minister Nirmala Sitharaman on Monday said Jan Dhan Yojana-led interventions and digital transformation have revolutionised financial inclusion in the country,...
Karl Jörg -
Business Profiles

Finance: Strong tax...

NEW DELHI: The Centre is banking on the buoyancy in tax collections seen during the initial part of the year to help it...
Karl Jörg -
Business Profiles

Technology: ‘Ant deal...

NEW DELHI: Advisory firm Institutional Investor Advisory Services India (IiAS) in a recent research note has argued that Paytm founder and CEO Vijay...
Karl Jörg -
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