Government taking ‘quick’ steps to make India a $5 trillion economy: Finance Ministry

The government on Tuesday informed the Rajya Sabha that it is taking steps to make India a USD 5 trillion economy earlier than the International Monetary Fund’s forecast year of 2026-27. The IMF’s World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 trillion in […]

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Facebook-parent Meta will cut 10,000 jobs in second round of layoffs

Facebook parent Meta Platforms said on Tuesday it would cut 10,000 jobs this year, making it the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares jumped 6 per cent on the news. The widely-anticipated job cuts are part of a restructuring that will […]

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LIC’s exposure to Adani group companies marginally drops to Rs 6,183 crore

LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani […]

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