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Economy

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Logitech-layoffs
Logitech lays off 300 employees as computer accessories sales drop
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German-economy-GDP
German economy to grow 0.2% in 2023: GCEE
IANS -
The short-term outlook has "improved slightly" due to a stabilised energy supply situation and lower wholesale prices, according to the experts. In its previous forecast published last autumn, the council said that the German economy would shrink 0.2 per cent this year. "The loss of purchasing power due to inflation, tighter financing conditions and the slow recovery of foreign demand prevent a stronger upswing this year and next," GCEE Chair Monika Schnitzer said in a statement.
Pakistan-flag
Pakistan averts default on payments to Kuwait
IANS -
The Economic Coordination Committee (ECC) of the cabinet, which approved the supplementary grant to settle the diesel payments, also sanctioned another 2.9 billion PKR to partly offset the wheat shortage in the Gilgit-Baltistan region, The Express Tribune reported. The two decisions by the cabinet body show the extreme economic difficulties that the government is facing in avoiding a default in one area but ending up creating troubles in others.
gig-economy
India's gig economy in a limbo as online food deliveries slow down
IANS -
However, delivering hot and piping food at customers' doorsteps has become a nightmare for many of them as the food delivery business turns out to be a losing game while more and more delivery partners report unfair work conditions, pay disparity, and harassment. India is likely to see its gig workforce add 9-11 million jobs by 2025.
Turkish-currency
Turkish currency breaks record low threshold against USD
IANS -
After surpassing the resistance level of 19, $1 stood at 19.01 liras at 2 p.m. on Thursday, reports Xinhua news agency. The currency has lost about 70 per cent of its value against the greenback since the beginning of 2022. Turkish people have long been struggling against rising living costs triggered by a high inflation rate, which hit.
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toll-plaza
In FY 2021-22, Rs 34,742 crore collected at NH toll plazas
IANS -
Among the states, Uttar Pradesh witnessed the toll collection of Rs 4,183.74 crore while Rajasthan and Gujarat recorded Rs 3,933 and Rs 3,642.40 crore user fee collection on NHs respectively during the year 2021-22, the Union Ministry of Road Transport and Highways said in a written reply to Parliament.
Waterloo-Bridge
UK reveals measures to boost economy, eases cost-of-living burden
IANS -
"Britain is on a lasting path to growth with a revolution in childcare support, the biggest ever employment package and the best investment incentives in Europe," Chancellor Jeremy Hunt said during his Spring Budget 2023 speech. Hunt announced 30 hours of free childcare for every child over the age of nine months, alongside.
Direct-Tax-collections
Direct Tax collections for FY 2022-23 at Rs 16.68 lakh cr
IANS -
Direct Tax collection, net of refunds, stands at Rs 13.73 lakh crore which is 16.78 per cent higher than the net collections for the corresponding period of last year. As per the Central Board of Direct Taxes, Department of Revenue, this collection is 96.67 per cent of the total Budget Estimates and 83.19 per cent of the Total Revised Estimates of Direct Taxes for FY 2022-23.
 India's-industrial-output
Positive momentum effect supports rise of industrial output to 5.2% in Jan
IANS -
For the April-January period of 2022-23, IIP growth was 5.4 per cent, down from 13.7 per cent recorded during the corresponding period of last year. The manufacturing output rose by 3.7 per cent in January 2023, up from 3.1 per cent in December 2022; electricity production was also higher by 12.7 per cent in January 2023 compared to an increase of 10.4 per cent in December 2022.
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CO2-emissions
China, India growing per capita emissions to appease domestic constituencies: US
IANS -
"Both are growing their total and per capita emissions, largely because of their reliance on cheap electricity generation from coal for economic growth, and because of their efforts to appease domestic constituencies who rely on the coal industry for jobs," the report said. Climate change will increasingly exacerbate risks to U.S. national security interests as the physical impacts.
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