Finance Minister Nirmala Sitharaman presents Union Budget 2023-24. “This is the first Budget in Amrit Kaal,” FM says. She said during the Covid-19 pandemic we decided that no one go to bed hungry which led us to have scheme of free food. She further added that we have significantly improved our position even in pandemic of Covid-19 and became the third largest economy of the world. https://twitter.com/gchahal/status/1620677190500098049
The Czech economy is experiencing a technical recession, as there have been two consecutive quarters of decreased economic performance. The preliminary data from the Czech Statistics Office shows that the country’s gross domestic product decreased by 0.3% in the fourth quarter of 2022. However, it should be noted that the economy still grew by 0.4% compared to the same period the previous year. Despite the recent decline, officials predict a 2.5% growth in GDP for the whole of 2022, although it must be taken into consideration that this is compared to a year significantly impacted by COVID-19 measures. Read More…
On Monday, the World Health Organization stated that the situation with Covid-19 continues to be a public health emergency that warrants worldwide attention. However, the UN organization has acknowledged that the virus is “probably at a transition stage,” and it has expressed a desire to ensure that “this shift is navigated carefully and the potential negative implications are mitigated.”
China resumes issuing general visas for Japanese citizens from Sunday, its embassy in Japan announced. This comes after China halted visas earlier this month following tough new border control rules imposed by Tokyo when Beijing ended its nationwide “zero-COVID” policy. China also stopped issuing visas to South Koreans after South Korea in early January did the same for short-term travelers from China. Meanwhile, Japan last week announced plans to downgrade COVID-19 to an equivalent of seasonal influenza in May, a move that would further relax mask-wearing and other preventive measures as the country seeks to return to normalcy.
During a meeting with World Bank Managing Director for Operations, Axel van Trotsenburg, on Monday, Bangladesh Prime Minister Sheikh Hasina urged international organizations, including the World Bank, to provide increased support to help developing countries like Bangladesh address the crises caused by the Covid-19 pandemic and the Russia-Ukraine war. The Prime Minister’s speechwriter, M Nazrul Islam, later briefed the press, during which Trotsenburg praised Bangladesh’s development progress and pledged continued support from the World Bank. He also acknowledged Prime Minister Sheikh Hasina’s leadership in driving Bangladesh’s development, noting the significant increase in per capita income from $50 to $2,824.
China’s total exports to North Korea more than tripled in 2022 compared to the previous year, as freight train operations between the two countries resumed after being halted to limit the spread of COVID-19. Chinese outbound shipments to North Korea increased 247.5 percent year on year to $894 million, according to trade data released on Friday by China’s General Administration of Customs. In terms of value, the top export items were soybean oil, rubber tyres, granulated sugar, tobacco, and unnamed medicines. In early 2022, Pyongyang had a large stockpile of Chinese medical supplies, including masks and ventilators. North Korea declared…