Author: i2wtc

Global ratings agency Moody’s said on Friday that the country’s weak ability to repay its debt increases debt sustainability risks, noting that the government spends more than half of its revenue on interest payments.In comments on the new Finance Bill for FY2025, the ministry said: “The budget estimates that debt service will increase by approximately 18 per cent in FY2025 compared to the previous year.””The government is spending more than half of its revenue on interest payment, indicating very weak debt repayment capacity and raising debt sustainability risks,” the report said, adding that “around 55 per cent of FY2025 revenue…

byEmily Keough (ESPN via)viaJune 14, 2024, 7:09am ET• 3 min readThe U.S. Women’s National Team dropped to fifth place in the latest FIFA rankings, its lowest ranking since FIFA began ranking women’s national teams in 2003.This is one point down from fourth place in March of this year, and the downward trend continues.Prior to 2024, the U.S. women’s team had never been ranked lower than No. 2 in the world rankings, but the team has dropped three places in six months, the biggest shakeup in the rankings for the U.S. women’s national team heading into the Paris Olympics in July.Spain,…

The Union Law Ministry will submit the report of a high-level committee on “one nation, one election” to the Cabinet “as soon as possible” as part of the Legislation Ministry’s 100-day agenda, sources said on Friday. The high-level committee on ‘One Nation, One Election’ headed by former President Ram Nath Kovind submitted its report to President Drupadi Murmu on March 15. (PTI) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Ahead of India’s Lok Sabha elections, Prime Minister Narendra Modi has instructed all federal ministries to prepare a 100-day agenda for the next government. Watch your favorite games anytime, anywhere with Crickit. Here’s how…

Release date: June 14, 2024, 7:00 AM In sports, especially at the youth and high school levels, sportsmanship is just as important as winning. A little bit of both is fine, but a lot of both will get you good marks. Just ask Newtown High School athletic director Matt Memories, and he’ll tell you the level of sportsmanship that has seen his school’s teams make it far into the playoffs, winning several championships along the way and attracting the attention of teams from rival schools. Newtown High School’s athletic programs won the inaugural Southwest Conference Achievement Cup, presented to the…

Mark Humphrey/AP / Shutterstock.comFor many entrepreneurs, Dave Ramsey’s famous money principles are life-changing on a personal level, but they can also truly transform a company’s financial situation. Just ask Brian Croker, president of Little Rock Printing.Check it out: Mark Cuban’s 5 Frugal HabitsCheck it out: 4 genius things wealthy people do with their moneyCroker is a huge Ramsay fan and has implemented the finance guru’s cost-cutting strategies across his commercial printing business. The result? A whopping $8,000 to $16,000 in monthly savings. Thanks to smart frugal habits, his company is saving up to $192,000 a year.So what exactly are Ramsey’s…

June 14, 2024 4:32 PM Image | File photo: AFP NEW DELHI: The Union Law Ministry will fast track the submission of the report of the high-level committee on ‘One Nation, One Election’ to the Cabinet as part of the Legislative Bureau’s 100-day agenda, sources said on Friday. Ahead of India’s Lok Sabha elections, Prime Minister Narendra Modi has instructed all federal ministries to prepare a 100-day plan for the next government. The High-Level Committee on “One Nation, One Election”, headed by former President Ram Nath Kovind, submitted its report to President Drupadi Murmu on March 15, recommending that simultaneous…

Xue Wan, party secretary of Yangpu district, once known for heavy industry, said at a press conference on Friday that the district is seeking to achieve a “cluster effect” by fully mobilizing capital, talent and technology to drive innovation and strengthen the local economy.”We are 12 Digital technology related industry chain”Just attracting big companies to set up operations is not enough to stimulate the digital economy,” he said, referring to the chains of companies involved in running the big tech platforms, including online payment processors and delivery companies.He said artificial intelligence and internet technology will be two key areas in…

Cityscape | Twin Cities urban geographer Bill Lindeke explores city life, transportation, planning and more in a column delivered to your inbox each week. Manufacturers of new weight-loss drugs are excited by the prospect of profits.What Americans eat, how they diet and exercise, the sugar content of soda and the high-fructose corn syrup in processed foods have long been the subject of endless Wall Street betting. Now drugs like Maunjaro, Wegobee and Ozempic have opened up new vistas for exploitation. It’s not a conspiracy theory that food addiction is a tool of corporate profiteering: consider how tobacco companies, after being…

China wants to dominate global semiconductor manufacturing, but its ambitions are being thwarted by the harsh reality of low domestic production rates. According to a graph in the Nikkei report, China’s domestic semiconductor manufacturing tool makers produce 20% of the tools used in the country’s semiconductor manufacturing, but the production rate for the crucial lithography tools is currently just 1%. This means that the East Asian nation needs to invest more in domestic semiconductor manufacturing tool companies to be self-sufficient in meeting its semiconductor manufacturing demand.”The people on the ground (semiconductor manufacturing companies and equipment manufacturers) are at a loss,…

Ariba ShahidISLAMABAD (Reuters) – Pakistan’s plans to raise taxes and raise state revenues in its 2024-25 budget will help it win International Monetary Fund approval for loans to avert a new economic collapse but could also stoke public anger, former finance officials, experts and businesspeople said.The South Asian country has set a tax collection target of 13 trillion rupees ($47 billion) for the year starting July 1, up nearly 40 percent from the current fiscal year, and will sharply reduce its fiscal deficit to 5.9 percent of GDP from 7.4 percent this fiscal year.Pakistan needed to reduce its budget deficit…