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petrol

Oil companies not to revise petrol prices in India

The oil companies in India on October 15, 2013 decided not to make any changes regarding petrol prices. The country's oil companies said that they will keep an eye on the movements in international oil rates and the value of the Indian...
china poverty

Chinese central government to monitor poverty funds

The Chinese government introduced new policies which will provide financial support to those people who are in need. The central government in China on October 8, 2013 announced that the new policy has been introduced in order to carefully watch...
smart

India set to introduce smart meters to control rising electricity bills

The Indian power minister Jyotiraditya Scindia recently announced that the government is ready to present devices which will help consumers to be aware of their electricity consumption throughout the day, as well as be able to adjust it accordingly....
sales tax

Prime Minister Shinzo Abe to increase sales tax in Japan

Japan is currently facing an enormous national debt, due to which Japanese Prime Minister Shinzo Abe announced on Tuesday, October 1, 2013 that the sales tax will be increased in the country. The Prime Minster stated that the increase in sales...
petrol

Petrol price in India increased by Rs. 1.63 per liter

The prices of petrol in India have been increased by Rs. 1.63 per liter. This is the seventh hike since June 2013, due to rising oil rates and the falling Indian rupee. The hike excludes local sale tax or VAT and will come into effect from midnight...
F

Twitter planning for IPO

Popular micro-blogging site Twitter announced on September 12, 2013 that it has submitted papers for the most-anticipated stock offering in the tech sector since Facebook?s offering in 2012. The company tweeted the big announcement. The tweet...
yuan

China's yuan counted among world’s most traded currencies

The official currency of China, yuan, is counted among the most traded currencies for the first time, underlining that the growth can lead to the betterment of the country. In 2013, yuan became one of the top ten trading currencies and rose...
consumer

Consumer prices in Japan indicate growth

Ever since 2008, consumer prices in Japan have increased at the fastest pace in July 2013. The increase is the result of high energy costs. Japanese Prime Minister Shinzo Abe is responsible for the progress, as he pulled the economy out of 15-year...
PHILIPPINES

Philippine economy grows 7.5% during second quarter of 2013

On August 29, 2013, the government of Philippines announced that the country’s economy has posted a growth of 7.5 percent during the second quarter of 2013. The growth during this period matches with the 7.5-percent growth of China. With...
korea

South Korean economy improves, consumption remains weak

The economy of South Korea improved in July 2013 and August 2013, compared to the second quarter of 2013 in terms of increased exports and facility investment. However, on August 28, 2013, the central bank said that the consumption in the country...