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World Bank Assessment Reveals $19.6 Billion Impact from Devastating Venezuela Earthquake
Posted inEconomy

World Bank Assessment Reveals $19.6 Billion Impact from Devastating Venezuela Earthquake

CARACAS — A devastating seismic disaster has inflicted an estimated $19.6 billion in physical damage and economic disruption across Venezuela, according to a comprehensive damage assessment report released by the…
Posted by Prasenjit Bhowmik July 25, 2026
Govt Penalises Income Tax Portal Vendor Over System Outages, Rules Out Future Filing Extensions
Posted inEconomy

Govt Penalises Income Tax Portal Vendor Over System Outages, Rules Out Future Filing Extensions

The Ministry of Finance has penalised the Managed Service Provider (MSP) responsible for operating India's Income Tax e-filing portal following technical outages that forced a deadline extension in Financial Year…
Posted by Prasenjit Bhowmik July 25, 2026
German Consumer Sentiment Slips as Middle East Conflict and Energy Volatility Harden Household Caution
Posted inEconomy

German Consumer Sentiment Slips as Middle East Conflict and Energy Volatility Harden Household Caution

German consumer confidence slipped this month as escalating military conflicts in the Middle East and surging global oil prices injected renewed uncertainty into Europe's largest economy. According to market research…
Posted by Prasenjit Bhowmik July 25, 2026
Over ₹9,330 Crore Unclaimed in EPF Accounts: How Indian Workers Can Trace and Reclaim Idle Retirement Savings
Posted inEconomy

Over ₹9,330 Crore Unclaimed in EPF Accounts: How Indian Workers Can Trace and Reclaim Idle Retirement Savings

The Employees' Provident Fund Organisation (EPFO) is currently holding ₹9,330 crore in inoperative accounts across India, as millions of formal sector workers fail to transfer or withdraw their retirement balances…
Posted by Prasenjit Bhowmik July 25, 2026
US Section 301 Tariffs Create Disadvantage for Indian Textile Exporters Against Regional Competitors
Posted inEconomy

US Section 301 Tariffs Create Disadvantage for Indian Textile Exporters Against Regional Competitors

The United States' ongoing enforcement of Section 301 tariffs is altering global textile trade flows, placing Indian apparel exporters at a pronounced disadvantage relative to competitors in Bangladesh. As major…
Posted by Prasenjit Bhowmik July 25, 2026
Canadian Producer Prices Decline in June as Geopolitical Shifts Cool Energy Costs
Posted inEconomy

Canadian Producer Prices Decline in June as Geopolitical Shifts Cool Energy Costs

Statistics Canada reported a decline in Canadian producer prices for June, marking the first month-over-month drop in five months after a temporary diplomatic accord between the United States and Iran…
Posted by Prasenjit Bhowmik July 25, 2026
EPFO Simplifies UAN Retrieval: How Salaried Workers Can Access Forgotten Accounts Online and Offline
Posted inEconomy

EPFO Simplifies UAN Retrieval: How Salaried Workers Can Access Forgotten Accounts Online and Offline

Millions of salaried employees across India can now effortlessly regain access to their retirement savings following updated guidelines and streamlined digital tools released by the Employees' Provident Fund Organisation (EPFO).…
Posted by Prasenjit Bhowmik July 25, 2026
Nomura Projects India GDP Growth at 6.6% Amid $100 Oil and Rising Global Yields
Posted inEconomy

Nomura Projects India GDP Growth at 6.6% Amid $100 Oil and Rising Global Yields

Global investment firm Nomura announced this week that India's economic growth forecast remains resilient at 6.6% for the current fiscal period, despite escalating macroeconomic pressure caused by $100-per-barrel crude oil,…
Posted by Prasenjit Bhowmik July 25, 2026
Global Business Activity Picked Up in July Before Fresh Energy Shock Threatened Growth
Posted inEconomy

Global Business Activity Picked Up in July Before Fresh Energy Shock Threatened Growth

Global business activity across major economies in North America, Europe, and Asia accelerated in July, demonstrating modest economic expansion right before a sudden surge in energy prices threatened to derail…
Posted by Prasenjit Bhowmik July 25, 2026
EPFO Streamlines Death Claim Process: A Complete Guide for Nominees and Legal Heirs
Posted inEconomy

EPFO Streamlines Death Claim Process: A Complete Guide for Nominees and Legal Heirs

Nominees and legal heirs of deceased Employees' Provident Fund Organisation (EPFO) subscribers across India can now access streamlined settlement procedures to claim accumulated provident fund savings, pension benefits, and life…
Posted by Prasenjit Bhowmik July 25, 2026

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