NEW DELHI: The government will go from being a cautious spender in 2020 to opening the tax floodgates as Prime Minister Narendra Modi seeks to lift Asia’s third-largest economy from the worst of the pandemic. The restrictions imposed by the Finance Ministry on more than 80 government departments and ministries …
Read More »India is the third largest military spending in the world, spending increased by 6.8% in 2019
[ad_1] NEW DELHI : The United States, China, and India were the world’s top three military spenders in 2019, followed by Russia and Saudi Arabia. The two Asian countries made it to the top three for the first time, the Stockholm International Peace Research Institute (Sipri) said Monday. The three …
Read More »Why is Facebook spending billions for a minority stake in Reliance Jio?
[ad_1] Social media giant Facebook is no stranger to big acquisitions. He bought Instagram for $ 1 billion in 2012, WhatsApp for $ 19 billion in 2014, and virtual reality company Oculus VR the same year for another $ 2 billion. In all three cases, however, the common denominators were …
Read More »India’s economy needs a large dose of health spending
[ad_1] The Covid-19 pandemic crisis is a reminder of the importance of investing in the health sector for any country. Mint examines how India has fared on this front and what it can do to increase its health spending as a percentage of its gross domestic product (GDP). How much …
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