Day: June 8, 2023

BSNL, struggling with poor infrastructure, has been battered by intense competition from Jio, the wireless arm of Reliance Industries, Bharti Airtel, and Vodafone Idea which have rolled out 4G services at low prices on voice calls and data. In a significant move, the Union Cabinet chaired by Prime Minister Narendra Modi approved the third revival package for BSNL with a total outlay of Rs. 89,047 crores. The government approved the first revival package for BSNL/MTNL in 2019. It amounted to Rs. 69,000 Crore and brought stability to BSNL/MTNL. The authorized…

Egypt’s economic prospects are expected to be negatively impacted by import controls, inflation resulting from a substantial weakening of the Egyptian pound, and the implementation of aggressive monetary policy tightening measures. These factors are likely to weigh on the domestic demand and investment, thus hampering the overall economic prospects of the country. Against this backdrop, the country’s economy is set to slow down from 6.6% in 2022 to 4% in 2023, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Macroeconomic Outlook Report: Egypt,” reveals that the Egyptian…