Particularly, the United States prohibits its companies from directly acquiring Russian debt liabilities issued by the Central Bank, the National Wealth Fund and the Finance Ministry after June 14, 2021 WASHINGTON, June 14. /TASS/. The US sanctions on a number of transactions with Russia’s sovereign debt, announced back in April, formally come into force on Monday.
NEW DELHI, Jun 12: The Government has asked all ministries and government departments to target 20 per cent reduction in expenditures like domestic and foreign travel, overtime allowance, rent and office expenses, in the current fiscal year as it tightens its purse strings amid the second wave of the pandemic.
The recent decision of Turkey to ban Bitcoin and other digital currencies seemed to have hampered the people who love cryptocurrency in the region. However, in the recent statement coming from the Finance Ministry of the country, they are now planning to modify their decisions. As per the Central Bank Governor, Mr. Sahap Kavciglu claimed this Friday that the bank is not planning at all to ban the currency; on the contrary, they have plans to boost up the digital currency to a different level and leverage its growing power in the current market.
Business sentiment among large Japanese companies in the April-June period worsened for the second straight quarter due to a global semiconductor shortage and a third state of emergency over the coronavirus pandemic, a government survey showed Friday. The confidence index covering firms capitalized at ¥1 billion or more inched down to minus 4.7 from minus 4.5 in the January-March period, staying negative for the second quarter in a row, according to the joint survey by the Finance Ministry and Cabinet Office.
Japan’s most powerful government ministry doesn’t have one of the world’s biggest problems on its radar screen, according to a former top official at the ministry. “Climate change is a problem that will change the economic system itself,” said Rintaro Tamaki, a former top bureaucrat at the Finance Ministry, which is in charge of the country’s budget and its tax rules.
Several business organizations expressed optimism about the appointments Mexico’s leading business groups have welcomed the Finance Ministry and central bank leadership appointments announced by President López Obrador on Wednesday. He named Rogelio Ramírez de la O, a consultant and longtime ally, as a replacement for Finance Minister Arturo Herrera, who will be nominated to head up the Bank of México (Banxico), replacing current Banxico governor Alejandro Díaz de León, whose term concludes at the end of November.
KARACHI: The Finance Ministry has estimated a 7 per cent fiscal deficit for the outgoing fiscal year, despite reduction in the expenditures and increase in revenues. According to the Economic Survey of Pakistan released on Thursday, the fiscal deficit has been estimated at 7 per cent of GDP during the outgoing fiscal year 2020/21, compared with 8.1 per cent in the preceding fiscal year.
Switzerland is reviewing what the global push to reform corporate tax could mean for its public coffers and how it can limit any damage to its economy. The government says the country, known for its low taxes, can stomach a global minimum rate, and that it will do whatever is needed to ensure it remains a attractive location for business.
Russia sold $5 billion of U.S. currency from its oil fund in May as part of a drive to reduce exposure to the greenback and vulnerability to Western sanctions. The National Wellbeing Fund converted $4 billion into yuan and $1 billion into euros, the Finance Ministry said in a statement.
An original, true-crime docu-series, “Moment of Truth,” tells the never-before-seen story behind the murder of beloved husband and father, James Jordan, as well as the history of social injustice in Robeson County, North Carolina, where two teenagers, Larry Demery and Daniel Green, were charged and convicted of the crime. “Moment of
An executive decree allowing the government to borrow 500 billion baht for Covid-19 assistance, treatments and research was approved by the House of Representatives on Thursday. MPs voted 270-196 to pass the decree, with two abstentions and one member deciding not to vote. It allows the Finance Ministry to raise 500 billion baht, but loan contracts must be signed by Sept 30 next year, according to Finance Minister Arkhom Termpittayapaisith.
Jun. 9—The revenues of the Azerbaijani state budget were realized in partially favorable macroeconomic conditions due to the complete or partial restriction of economic activity due to the quarantine regime within the fight against the COVID-19 pandemic in 2020, Trend reports on June 9 referring to the conclusion of the Chamber of Accounts of Azerbaijan on the execution of the 2020 state budget.
Dearness Allowance: Government sources say that it may be given prospectivelyThe Government is likely to give the dearness allowance (DA) to central government employees from July 1, 2021 prospectively, rather than retrospectively with arrears.According to Finance Ministry sources, cost indexation is likely to take place on June 30 and the percentage is expected to be around 28 per cent.They further pointed out that much will depend on indexation, as DA increase cannot be done with retrospective effect.Central government employees get a DA of 17 per cent at present.
Jun. 8—Fresh investment measures including a sweeping plan to allow rich foreigners to enjoy a long-stay visa for up to 10 years, own land and property, and pay a 17% personal income tax on local earnings are yet to be settled, as the Finance Ministry is still resisting the thorny tax reduction proposal.
MOSCOW, June 8. /TASS/. The Bank of Russia purchased 6.5 bln rubles ($89.22 mln) worth of foreign exchange on the domestic market with settlements on June 7, the regulator reported on Tuesday. The amount of forex purchased by the Bank of Russia with settlements on June 4 also totaled 6.5 bln rubles.
Japan posted a more than sixfold increase in its current account surplus in April, to ¥1.32 trillion ($12 billion), as the trade balance swung back into the black due to a surge in exports compared with a year earlier, when the COVID-19 pandemic stalled economic activity, the Finance Ministry said Tuesday.
The Czech government approved the outline of the 2022 central state budget on Monday with a planned deficit of 390 billion crowns ($18.67 billion) amid criticism from the opposition and economists that it is lacking ambition to bring down record budget deficits while campaigning ahead of an October election.
The Finance Committee met on Monday to discuss regulations on compensation for indirect damage incurred during Operation Guardian of the Walls, in which a response was given to the demand of the Finance Committee from the past few weeks to provide a solution for indirect damage in localities within a range of 40 to 80 kilometers from Gaza.