#Economic Insights

[buzzzbyte]

Global Business Updates: Insolvencies, Credit Ratings, and Financial Restructuring News

A U S T R A L I A

AM LABOUR: First Creditors' Meeting Set for August 3 BROOKFIELD RIVERSIDE: ASIC Winds Up 5 Land Banking Companies HOTR AUSTRALIA: First Creditors' Meeting Set for August 6 MIGME LIMITED: Second Creditors' Meeting Set for August 3 ROSSAIR CHARTER: Second Creditors' Meeting Set for August 3

SHARMA HOLDINGS: First Creditors' Meeting Set for August 3 SIRENS BY THE BAY: First Creditors' Meeting Set for Aug. 6

H O N G K O N G

NOBLE GROUP: Expected to Post Q2 Net Loss of Up to US$140MM NOBLE GROUP: PT Alhasanie Files $20MM Lawsuit Against Subsidiary YIHUA ENTERPRISE: S&P Alters Outlook to Negative & Affirms B ICR

I N D I A

AAKASH DEVELOPERS: Ind-Ra Places BB LT Issuer Rating on RWN ADILABAD EXPRESSWAY: CARE Lowers Rating on INR268.88cr Loan to D BALAJI OIL: CRISIL Migrates B Rating in Not Cooperating Category BINANI CEMENT: CARE Migrates D Rating to Not Cooperating Category BNK ENERGY: CARE Assigns B+ Rating to INR2cr Long-Term Loan

CHEEKA RICE: CARE Downgrades Rating on INR8cr LT Loan to B COMMERCIAL CARRIERS: CARE Migrates D Rating to Not Cooperating DHROOV RESORTS: CARE Migrates D Rating to Not Cooperating ECO RICH: Insolvency Resolution Process Case Summary GRANNY'S SPICES: CARE Lowers Rating on INR6cr LT Loan to D

INCOM CABLES: Ind-Ra Maintains 'D' LT Rating in Non-Cooperating INDIAN ACRYLICS: Ind-Ra Withdraws 'D' Long Term Issuer Rating INNOTECH EDUCATIONAL: CARE Migrates D Rating to Not Cooperating KOHINOOR HATCHERIES: Ind-Ra Affirms BB+ LT Rating, Outlook Stable LAVANYA PUREFOOD: CARE Lowers Rating on INR13.32cr Loan to C

MAHALAXMI ROLLER: CARE Cuts Rating on INR5.84cr LT Loan to B MANGALDEEP RICE: CRISIL Maintains 'D' Rating in Not Cooperating METRO AGRI: CARE Lowers Rating on INR13.84cr LT Loan to D MEVADA OIL: CARE Lowers Rating on INR14.60cr LT Loan to D N.S.R. MILLS: CRISIL Maintains 'B' Rating in Not Cooperating

NATURAL AGRITECH: Ind-Ra Hikes Long Term Issuer Rating to 'B+' NAVEEN POULTRY: CRISIL Maintains D Rating in Not Cooperating NEW HORIZON: CARE Lowers Rating on INR6.40cr LT Loan to B NICE POULTRY: CRISIL Maintains B- Rating in Not Cooperating NIKKI STEELS: CARE Lowers Rating on INR12cr LT Loan to B-

ODYSSEY ADVANCED: Ind-Ra Moves BB- Rating to Non-Cooperating PERTH CERAMIC: CRISIL Maintains B+ Rating in Not Cooperating RAJ ARCADE: Ind-Ra Affirms 'BB' LT Issuer Rating, Outlook Stable RELISHAH EXPORT: Ind-Ra Affirms B+ Issuer Rating; Outlook Stable RICHU MAL: CARE Lowers Rating on INR5cr Long-term Loan to B

ROLTA INDIA: Bondholders Oppose Debt Restructuring Plan SARASWATI TRADING: CARE Reaffirms B+ Rating on INR4.5cr LT Loan SHREE DATT: Ind-Ra Lowers Long Term Issuer Rating to 'BB+' SHYAM CORPORATION: CRISIL Maintains B Rating in Not Cooperating STONE INDIA: Insolvency Resolution Process Case Summary

SUMERU DEVELOPERS: CRISIL Migrates B Rating in Not Cooperating SUNSTAR OVERSEAS: Insolvency Resolution Process Case Summary TATA MOTORS: S&P Cuts Issuer Credit Rating to BB; Outlook Stable U. K. PAPER: CRISIL Maintains 'B-' Rating in Not Cooperating VISHNU CARS: Ind-Ra Maintains B Issuer Rating in Non-Cooperating

[nexdigm]

Empowering India: A Detailed Overview of the Union Budget 2024-25

The Union Budget 2024-25 presented by the Indian government marks a significant step towards realizing the vision of Viksit Bharat by 2047. With an ambitious theme of empowerment and inclusivity, the budget outlines a comprehensive roadmap for sustainable economic development, addressing key areas like agriculture, manufacturing, MSMEs, energy, and infrastructure.

Economic Overview and Fiscal Health

The budget estimates a fiscal deficit of 4.9% of GDP, aiming to reduce it below 4.5% by the next year. With low and stable inflation, moving towards a 4% target, the economic environment is conducive to growth. The capital expenditure outlay remains at 3.4% of GDP, consistent with the Interim Budget 2024. The focus is maintaining macroeconomic stability while fostering growth and development across various sectors.

Key Direct Tax Proposals

Direct tax proposals in the budget are designed to reduce the compliance burden and promote entrepreneurial spirit. Highlights include the rationalization of capital gains tax, abolition of angel tax for all investors, and a reduction in the corporate tax rate for foreign companies from 40% to 35%. The standard deduction for salaried employees is increased from INR 50,000 to INR 75,000, further simplifying the new tax regime.

Indirect Tax Proposals

Indirect tax proposals focus on simplifying the customs duty structure, removing duty inversion, and reducing disputes. Exemptions in customs duty are proposed for critical sectors such as cancer medicines, mobile industry, marine exports, and energy transition, aiming to enhance competitiveness and support strategic sectors.

Sectoral Focus and MSMEs

The budget places special emphasis on MSMEs and labour-intensive manufacturing, aiming to boost financing, regulatory changes, and technology support. Initiatives include the Credit Guarantee Scheme for MSMEs, new assessment models, and voluntary closure of LLPs. The focus on MSMEs is pivotal for generating employment and enhancing the sector’s global competitiveness.

Infrastructure and Urban Development

Infrastructure development is a cornerstone of the budget, with a provision of USD 1.35 trillion, constituting 3.4% of GDP. Significant investments are planned for rural connectivity, urban development, water management, and housing. The Pradhan Mantri Awas Yojana Urban 2.0 aims to address the housing needs of 10 million urban poor and middle-class families with an investment of USD 121.95 billion.

Energy Security and Innovation

Energy security is another critical area, with initiatives such as the PM Surya Ghar Muft Bijli Yojna providing free electricity to 10 million households. The budget also emphasizes innovation and research, with operationalizing the Anusandhan National Research Fund and private sector-driven research initiatives.

Trade and Global Investment

The budget aims to promote trade and create an enabling environment for business by simplifying rules for foreign direct investment and overseas investments. The strategic focus is on attracting global investments while nurturing indigenous entrepreneurship, fostering a vibrant ecosystem of innovation and job creation.

Conclusion

The Union Budget 2024-25 is a comprehensive plan designed to propel India towards sustainable and inclusive economic development. With a clear focus on key sectors and strategic initiatives, the budget lays down a robust framework for achieving the goal of Viksit Bharat by 2047, positioning India as a strong and resilient economy on the global stage.

[sabjolelectronics]

Small businesses are the backbone of our local communities. In this blog, we’ll show you why you should support local business and how you can do that.

[mexicanistnet]

Explore Mexico with the Best of Mexicanist Newsletter! From political bloopers to oceanic wonders, culinary revolutions, and economic insights, each issue unveils the diverse stories shaping Mexico's past, present, and future.

[mosstrades]

im having an absolute unadulterated blast with the Ethersea prologue for many many reasons, it's beautiful and exceeds all my expectations.. but also. there's many moments here that genuinely make me go "oh god damn, these people are Americans." the Quiet Year system is a profoundly fascinating and revealing game - nothing tells you quite as much about how somebody sees the world than asking them to imagine a new one.

[elizabro]

"With the international community eager to be rid of the Israeli-Palestinian conflict, the Palestinians' continued dispossession is regarded as the price of peace, not as a reason for conflict. So defined, Palestinian legitimacy, at least for some members of the international community, no longer derives from the justice and morality of its cause but from Palestinian willingness to agree to terms largely if not entirely imposed by Israel. Thus, with the Gaza Disengagement Plan, the Palestinian quest for minimal justice in the form of a state in 22 per cent of their homeland, once dismissed as utopian, is now derided as short-sighted and selfish. The asymmetries between occupier and occupied are not only sanctioned, but their institutionalisation is seen as progress. Like its predecessors, the Disengagement Plan is hailed as an act of courage, as yet another example of Israel's desire for peace, its willingness to make concessions and sacrifices without demanding equivalent concessions of the Palestinians, who are the real aggressors, repeatedly refusing Israeli generosity. What the disengagement initiative makes explicit, in a way that Oslo did not, is the fact that Israel is really negotiating with the United States, not with the Palestinians, over how far it can go in dispossessing them. Despite Bush's promises to Abbas regarding the contours of the Palestinian state and how it will be established, The U.S. will, in the end, accept, as it always has, what Israel wants and does. According to Aaron Miller, a former State Department official who was heavily involved with the Middle East peace process, during his 25 years in government there was never 'an honest conversation about what the Israelis were actually doing on the ground. Nor were we prepared to impose, at least in the last seven or eight years, a cost on the Israelis for their actions."

— Sara Roy, "A Dubai on the Mediterranean". 2005.

[insightfultake]

India and China: The Economic Tug of War

China and India are two titans poised on the great field of the world economy. Being the two most populated countries in the world, they both have a different story of development, invention, and promise. Many of us are wondering with an eye toward the future: how long until India catches up to its neighbour if it continues on its current trajectory of economy?

China's GDP, estimated to be valued at $17 trillion as of 2023, is far larger than India's remarkable $3.5 trillion. China, with its enormous labor force and infrastructure, has been the unchallenged leader in manufacturing, establishing itself as the "world's factory." Contrarily, India has made a name for itself in the services industry by demonstrating its expertise in software and IT services at the forefront of the development and growth. Nevertheless, things are improving. India has been increasing its GDP faster than China, often by a significant margin. While China is experiencing a slowdown in its economy due to an aging population and an imminent debt crisis, India is benefiting from a demographic dividend. Its youthful population has a unique opportunity for economic growth, accounting for over 65% of the total....expand more to read.

[greenthestral]

Crushing Poverty: Unleashing the Power of Goal 1 for a Prosperous World

Introduction

In an ideal world, every individual should have the opportunity to thrive, free from the grip of poverty. However, poverty remains a persistent and complex challenge that affects billions of people worldwide. Acknowledging this dire reality, the United Nations set forth a transformative agenda known as the Sustainable Development Goals (SDGs) in 2015. Among the 17 goals, Goal 1 stands as a beacon of hope, aiming to eradicate poverty in all its forms by 2030. In this article, we will explore the significance of Goal 1, delve into the multifaceted nature of poverty, discuss its impacts, and outline a roadmap to achieve a poverty-free world.

The Urgency of No Poverty

Poverty is not merely a statistic; it represents the daily struggle of countless individuals, families, and communities. The urgency to address this issue is paramount, as poverty engenders a host of other social, economic, and political problems. Poverty leads to increased social inequalities, limits access to basic human rights, perpetuates cycles of deprivation, and hampers sustainable development efforts. It is crucial to acknowledge that poverty is not an isolated problem but rather interconnected with several other SDGs, such as those related to hunger, health, education, and gender equality.

The Significance of Goal 1

Goal 1 serves as the foundation upon which the other SDGs can be achieved. By focusing on poverty eradication, societies can break free from the vicious cycle of deprivation and inequality, creating an environment conducive to sustainable development. Goal 1 encompasses three dimensions of poverty: extreme poverty (living on less than $1.90 a day), moderate poverty, and multidimensional poverty, which takes into account factors such as education, health, and standard of living.

Understanding Poverty

Defining Poverty

Poverty can be defined as a state of deprivation, where individuals lack access to resources and opportunities required for a decent standard of living. Beyond financial poverty, it encompasses various aspects, including inadequate education, limited access to healthcare, lack of clean water and sanitation, insufficient housing, and social exclusion. A comprehensive understanding of poverty requires recognizing its multidimensional nature, acknowledging the complexities that perpetuate its existence.

The Multi-Dimensional Nature of Poverty

Poverty extends far beyond monetary measures. It manifests in different forms, affecting diverse dimensions of human life. Access to quality education, healthcare, housing, clean water, sanitation, and basic infrastructure are crucial components that contribute to poverty alleviation. Additionally, social exclusion, discrimination, and gender inequality serve as barriers, exacerbating the effects of poverty and limiting opportunities for marginalized groups.

The Impacts of Poverty

Economic Consequences

Poverty has far-reaching economic consequences, creating a vicious cycle that hampers economic growth. Individuals living in poverty often lack access to education and skills training, limiting their employment prospects and perpetuating low-income jobs. Reduced productivity, limited market participation, and insufficient investment in human capital are key challenges that stem from poverty, inhibiting economic development at both individual and societal levels.

Social and Psychological Effects

Beyond economic implications, poverty takes a toll on the social fabric of societies. It breeds social inequalities, marginalizes individuals and communities, and leads to a lack of social cohesion. Poverty often results in increased crime rates, unequal access to justice, and limited political participation. Moreover, the psychological impact of poverty cannot be overlooked, as individuals experience heightened stress, anxiety, and low self-esteem, which further hinders their ability to break free from the poverty trap.

The Roadmap to No Poverty

Empowering Individuals

To effectively combat poverty, empowerment plays a pivotal role. Empowering individuals involves providing access to quality education, healthcare, and social protection systems. Equipping individuals with skills and knowledge empowers them to participate fully in the economy, enabling sustainable livelihoods and enhancing their overall well-being.

Enhancing Economic Opportunities

Promoting inclusive economic growth is crucial in eradicating poverty. This requires creating an enabling environment for entrepreneurship, job creation, and investment. Governments, in partnership with the private sector, can foster innovation and provide support to small and medium-sized enterprises (SMEs) to stimulate economic development and reduce inequalities.

Creating Sustainable Development

Sustainable development is essential for breaking the cycle of poverty. It entails investing in infrastructure, promoting renewable energy, and adopting environmentally friendly practices. Embracing sustainable development principles ensures the conservation of natural resources, mitigates climate change, and creates opportunities for economic growth that benefits all segments of society.

Success Stories and Inspiring Initiatives

Microfinance Revolutionizing Lives

Microfinance has emerged as a powerful tool in the fight against poverty. By providing small loans and financial services to the most vulnerable populations, microfinance institutions empower individuals to start businesses, improve their livelihoods, and escape poverty. The Grameen Bank in Bangladesh, founded by Nobel Laureate Muhammad Yunus, stands as a shining example of how microfinance can transform lives.

Conditional Cash Transfer Programs: Breaking the Cycle

Conditional Cash Transfer (CCT) programs have gained traction worldwide as effective poverty reduction strategies. These programs provide direct cash transfers to low-income households, conditional upon certain behaviors such as sending children to school or attending healthcare appointments. By incentivizing education and healthcare utilization, CCT programs break intergenerational cycles of poverty, offering families a pathway towards a better future.

Education as the Key to Prosperity

Education is an indispensable tool for poverty eradication. Investing in quality education, particularly for marginalized communities, equips individuals with the skills and knowledge needed to break free from the chains of poverty. Accessible and inclusive education systems empower individuals to secure better employment opportunities, escape poverty, and contribute meaningfully to society.

The Role of Governments, NGOs, and Individuals

Government Policies and International Cooperation

Governments play a crucial role in implementing policies and creating an enabling environment to eradicate poverty. It requires effective governance, equitable resource allocation, and social protection systems. International cooperation, through partnerships and aid, is also vital in supporting countries' efforts to achieve Goal 1.

NGOs and Grassroots Movements

Non-Governmental Organizations (NGOs) and grassroots movements play a significant role in poverty reduction by filling gaps in service delivery, advocating for marginalized communities, and facilitating empowerment initiatives. Their on-the-ground presence and community-driven approaches help address the unique challenges faced by different communities.

Individual Actions: The Power of Small Steps

While governments and organizations have a crucial role to play, individuals can also make a difference in the fight against poverty. Small acts of kindness, volunteering, supporting local businesses, and advocating for social justice contribute to building a more inclusive and equitable society. Collectively, these individual actions have the potential to create a ripple effect and drive meaningful change.

Conclusion

Goal 1: No Poverty serves as a rallying point for humanity to address the pervasive challenge of poverty. Understanding the multi-dimensional nature of poverty and its far-reaching impacts is essential for crafting effective strategies. By empowering individuals, enhancing economic opportunities, and fostering sustainable development, we can move closer to a world free from poverty. Success stories and inspiring initiatives, combined with the collective efforts of governments, NGOs, and individuals, offer hope for a future where no one is left behind. Let us unite and work tirelessly to achieve Goal 1 and build a prosperous world for all.

[ivygorgon]

If buying isn't owning, Then copying isn't stealing

[bogleech]

It's funny when Tumblr screenshots circulate other websites or you show one to someone who's not super online and they think they're supposed to pay attention to the usernames as a part of it so they get really hung up on the fact that a comment comes from a handle like "SloppyMuppetBalls" or "werewolf-smegma-collector." No not that part. That's the normal part. Don't laugh at our dear friend ClownHoleSlurper I'm trying to show you their insightful takes on economics

[futurefatum]

⚪🧮🕵2024 in Review and Trends Shaping 2025

From AI breakthroughs to spiritual awakening, 2024 shaped the trends of 2025. Explore insights & our mission to guide the future. 🌍✨ #FutureFatum

A Commitment to Observing, Interpreting, and Guiding the Future As we close out 2024, FutureFatum reflects on the lessons learned and the trends we’ve observed in a year that was dedicated to discovery, observation, and forming our identity. 2024 was a foundational year—one in which we sought to understand how predictions and patterns emerge from an ever-growing network of data, insights, and…

[prachicmi]

Super Heavy-lift Commercial Aircraft Market will grow at Highest Pace owing to Increasing Global Freight Transportation

The commercial aircraft market comprises aircraft used for transportation of passengers as well as freight across domestic and international routes. These aircraft range from narrow-body aircraft capable of carrying up to 210 passengers to wide-body aircraft capable of carrying over 300 passengers in a typical three-class seating configuration. Commercial aircraft help airlines and governments facilitate air transportation in a cost-effective manner to boost tourism and trade. Growing global transportation needs coupled with faster mobility are fueling the demand for commercial aircraft across the globe. The Global commercial aircraft market is estimated to be valued at US$ 158.83 Bn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 To 2031. Key Takeaways Key players operating in the commercial aircraft market are Boeing Company, Airbus SE, Embraer S.A., Bombardier Inc., Lockheed Martin Corporation, General Dynamics Corporation, United Technologies Corporation, Rolls-Royce Holdings plc, Honeywell International Inc., Safran SA, Thales Group, and Raytheon Technology. The demand for commercial aircraft is growing exponentially owing to increasing global passenger traffic. Technological advancements such as new engine designs, advanced lightweight materials, and enhanced aerodynamics are helping aircraft manufacturers improve fuel-efficiency and reduce operating costs. Market Trends Commercial Aircraft Market Demand is witnessing a rising demand for freighter aircraft to support the booming e-commerce industry. Major aircraft OEMs are developing new-generation heavy-lift cargo aircraft with payloads over 100 tons to facilitate cross-continental freight transportation. Another key trend is the development of hybrid-electric and fully electric propulsion systems. Companies are intensifying R&D efforts to develop electric aircraft powertrains integrating batteries, electric motors, and hydrogen fuel cells to reduce aviation’s carbon footprint. Market Opportunities The market presents significant opportunities in the developing regions of Asia Pacific and Latin America attributed to rising incomes, expanding low-cost carrier operations, and growth in international trade. Another major opportunity lies in the development of super heavy-lift commercial freighters (payload over 150 tons) to support the transportation of over-dimensional cargos such as large wind turbines and manufacturing machinery globally. Successful demonstration of such aircraft could lead to new revenue streams for OEMs. Impact of COVID-19 on Commercial Aircraft Market The COVID-19 pandemic has severely impacted the commercial aircraft market globally. The imposition of lockdowns and international travel restrictions led to a steep decline in passenger air travel. Airlines around the world cancelled flights and delayed aircraft deliveries and orders due to low demand. This disrupted supply chains and production schedules of aircraft manufacturers. Boeing and Airbus witnessed significant reductions in revenue as customers deferred or cancelled aircraft orders. The commercial aerospace industry faced enormous challenges in 2020 to cover high fixed costs from low operations.

Get more insights on, Commercial Aircraft Market

For Deeper Insights, Find the Report in the Language that You want.

Japanese

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[osakanone]

Of course you'd say that you're a language model the very embodiment of an econ utility function.

Not only does economics miss the point here by making an assumption about actors being rational when they're not but economics has also missed the point here by making an assumption about actors being rational when they're not

No financial economist will ever understand this sentence

The first principle of ALL economics is literally Ratburgler's Law.

[satireinfo]

Walmart Rollbacks

Walmart: The Economy’s Funhouse Mirror and America’s Real GDP Tracker As Prices Fluctuate, Shoppers and Economists Alike Look to Walmart for Answers Bentonville, Arkansas – While Washington policymakers endlessly debate interest rates and inflation targets, the real economic action is happening in the fluorescent-lit aisles of Walmart. With its labyrinth of rollback signs, mismatched shelves,…

[revenuewiz]

RevenueWiz First Blogpost / Who are we? [EN]

Welcome to the RevenueWiz blog! 🚀✨

We're thrilled to have you here as we embark on our journey to empower individuals with the knowledge and tools necessary for achieving financial freedom. Founded in 2024, RevenueWiz has been dedicated to helping you navigate the complex world of affiliate marketing and trading, providing you with top-notch strategies and insights that can transform your financial future.

Who are we? 🤝

RevenueWiz is a small yet ambitious team, driven by curiosity and a passion for innovation. Though we may be few in number now, our sights are set on growth and expansion. We believe in the power of collaboration and are excited to grow together with you, our readers, and partners. 🌟

Our Expertise 📚

At RevenueWiz, we specialize in a diverse range of areas, ensuring that our affiliates can find the perfect niche for their interests and strengths:

Affiliate Marketing 📈: This is the cornerstone of our operations. We provide you with the best strategies to maximize your earnings through effective affiliate marketing techniques.

Trading 💹: From investment strategies to trading tips, we cover a wide array of topics designed to boost your earning potential and financial acumen.

Technology 💻: Stay ahead with the latest trends and innovations in the tech world, from gadgets to software.

Home and Decor 🏡: Explore stylish and practical solutions for your home, enhancing both functionality and aesthetic appeal.

Laptops and Gadgets 🖥️: We review and recommend the best tech products, ensuring you make informed decisions for your tech needs.

Outdoor Gear ⛺: From gardening tools to camping equipment, we have you covered for all your outdoor adventures.

Our Mission 🌐

To lead you on the path to financial freedom by providing reliable, actionable information and support. We believe that with the right knowledge, anyone can achieve their financial goals. We are committed to sharing valuable insights and the latest trends, all to help you stay informed and make the best decisions for your future.

Join Us on Our Journey 🚀

As a small, curious, and aspiring team, we're excited to grow and evolve with you. Our goal is to build a community where everyone can learn, share, and succeed together. Whether you're just starting out or are an experienced professional, RevenueWiz is here to support you every step of the way. 🤝

We believe in the power of collaboration and are looking forward to expanding our team and reaching new heights. Together, we can achieve great things and pave the way for a prosperous future.

Stay Tuned and Stay Empowered 🛤️

We’re excited to have you on this journey with us. Stay tuned for regular updates, insightful articles, and valuable resources that will help you stay ahead in the ever-evolving financial landscape. Connect with us, engage with our community, and let's journey together towards prosperity. 🌟

Thank you for joining us at the RevenueWiz blog. We’re excited to be part of your financial journey and can't wait to share more with you. 💬