UTLREG

India raises spending and avoids “outright populism” in the pre-election budget

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Capital expenditure will increase by 33% to 10 trillion rupees in 2023/24 The government targets total borrowing at 15.43 trillion rupees It looks forward to a fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI (Reuters) – India on Wednesday announced one of the largest increases ever in capital spending for the next … Read more

Pakistan is scrambling to restore electricity after the second major power grid collapse in months

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ISLAMABAD (Reuters) – Pakistan’s government said on Monday it was scrambling to restore electricity to millions of people after a grid collapse caused the worst power outages in months and highlighted poor infrastructure in the debt-ridden country. Energy Minister Khurram Dastgir told reporters that an investigation had been launched into the outage, which he said … Read more