Friday , January 27 2023
Home / Tag Archives: economy (page 10)

Tag Archives: economy

EU unveils plan to ban Russian oil imports

Brussels, Belgium | Xinhua | The European Union (EU) will phase out Russian crude oil within six months and refined products by the end of the year, European Commission President Ursula von der Leyen said Wednesday, announcing the sixth package of sanctions against Russia. “We now propose a ban on Russian …

Read More »

Gov’t on the spot over parish model implementation

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Budget Committee have queried the government’s preparedness to implement the Parish Development Model (PDM). The MPs think that the apparent strategy to promote increased incomes intended to alleviate communities from poverty, is ‘ill-prepared’ and could go to waste if the …

Read More »

Western officials call on Sudan to lift state of emergency

Khartoum, Sudan | Xinhua | A delegation comprised of officials from France, Germany, Norway, the United Kingdom, the United States, and the European Union on Friday called on Sudanese authorities to end the state of emergency. In a statement issued after a visit to Khartoum, the delegation called for immediate progress …

Read More »

India to take a decade to overcome COVID-19 pandemic losses

Mumbai, India | Xinhua | India will take over a decade, or around 15 years, to overcome the losses incurred during the COVID-19 pandemic despite its economic growth rebounding from a low-base, the country’s central bank said in a report on Friday. The monetary losses estimated by the Reserve Bank …

Read More »

Uganda’s 2022-2023 budget to focus on economic recovery

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …

Read More »

MPs call for better funding of EAC ministry

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on East African Community Affairs has tasked the finance ministry to prioritise funding for the Ministry of East African Community Affairs. Committee members say low budget allocation to the ministry has affected its capacity to discharge its key activities on national and regional level. …

Read More »

Night economy helps URA surpass its target

Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …

Read More »