Business (warning for OPEC and its nations) According to a top official, India, the world’s third-largest energy consumer, has urged Saudi Arabia and other OPEC nations that high oil prices will harm the world’s embryonic economic recovery following the terrible pandemic, and that they must price oil at acceptable levels. After a series of priceContinue reading “High oil prices to hurt world economic recovery: India to OPEC”
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According to Ray Dalio, the workplace will never be the same as it was before Covid.
Business (Infrastructural update) As flexibility and technology become the key driving forces in the new world, billionaire investor Ray Dalio believes the workplace would never revert to pre-pandemic norms. “The future of the workplace will most likely be defined by two factors: customisation and technology. We’ve been given the gift of being able to reassessContinue reading “According to Ray Dalio, the workplace will never be the same as it was before Covid.”
Andhra Pradesh’s total revenue increases by Rs 15,000 crores thanks to COVID-19 tax hike
India (Additional revenue) Citing revenue losses caused by the COVID-19-induced lockdown last year, the state increased various taxes to generate an additional Rs 20,000 crore in revenue per year.
The head of the World Bank has called for ‘comprehensive’ debt relief for developing countries.
Economy(Accountancy) Net inflows of $117 billion from multilateral creditors to low- and middle-income countries are expected in 2020. Due to the pandemic, debt loads in low-income nations increased by 12% to a record $860 billion in 2020, causing World Bank President David Malpass to call for a “comprehensive plan” to address the problem on Monday.
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