Capex to rise 33% to 10 trillion rupees in 2023/24 Govt targets gross borrowing of 15.43 trillion rupees Eyes fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI, Feb 1 (Reuters) – India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs … Read more
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Collapses for the second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights canceled and … Read more
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COLOMBO, May 20 (Reuters) – Thousands of people queued for cooking gas and petrol in Sri Lanka’s commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic crisis. Lines formed in many parts of Colombo, a city of around 900,000 people, as residents … Read more
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COLOMBO, May 20 (Reuters) – Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertilizer for the next planting season to boost productivity. A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilizers … Read more