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India gets an invite from Nepal to assist in setup of Infra Bank

Newsroom24x7 Desk

New Delhi : Nepal government in keen to include India’s presence in infrastructure build-up in Nepal. This was indicated by the recent move taken by Nepal in seeking assistance from India for setting up Infrastructure Bank in Nepal. 384 more words


Malaysia: Najib urged to hand finance minister's post to Zeti -- Saudi's say 1MDB money for investment, not donation

An opposition MP has urged Prime Minister Najib Abdul Razak to relieve himself of his finance minister’s post and hand the job to Bank Negara governor Zeti Akhtar Aziz. 741 more words

Union Budget 2016-17 to provide Rs 1.10 lakh crore for Pay panel

Budget for the next fiscal needs to provide Rs 1.10 lakh crore for implementing the One Rank One Pension (OROP) Scheme and 7th Pay Commission award, besides a higher allocation for the farm sector, Finance Minister Arun Jaitley said today.

– more @ financialexpress

World Bank sees Zimbabwe 2016 growth at 1.5 pct, deflation to persist

Zimbabwe’s economy will grow by 1.5 percent in 2016 and consumer prices will remain deflationary due to global and local constraints on its recovery, the World Bank┬ásaid on Wednesday. 289 more words


Israeli Finance Ministry up in arms over Netherlands cutting off some Holocaust benefits

Knesset Finance Committee chairman MK Moshe Gafni is up in arms after learning of a recent decision by the Dutch government to cease paying benefits to Holocaust survivors who have immigrated to Israel. 364 more words

Daily News

Nigerians May Pay Higher Taxes to Ease Economic Crisis: Osinbajo

Nigeria’s government is considering changes to the tax regime as part of efforts to overcome the crisis in Africa’s biggest economy brought on by falling oil prices, Vice President Yemi Osinbajo said on Friday. 260 more words


Credit rating agency DBRS sounds alarm bells on Alberta borrowing

An internationally recognized credit rating agency is sounding alarm bells on Alberta’s debt situation.

The Toronto-based agency DBRS says with oil prices so low and the government’s borrowing plans so high, Alberta will exceed its own self-imposed debt limits this fiscal year. 97 more words