New Delhi, May 30 (IANS) Pakistan continues to lag significantly behind global standards on women’s economic rights and participation, with weak enforcement of existing legal protections emerging as a major challenge, a report has said.According to an analysis by the Daily Mirror, Pakistan’s legal framework score stood at 46.68, well below the global average of 67.However, more concerning was the country’s enforcement perceptions score of just 27.35 — nearly half the global average of 53 …
Latest Economic Growth News & Updates
Bhubaneswar, May 29 (IANS) The Odisha government has signed a Memorandum of Understanding (MoU) with Intel and 3D Glass Solutions (3DGS) of the US for the establishment of an Advanced Packaging Substrate Manufacturing Facility in the state — a first-of-its-kind project in India, government officials said on Friday. As per an official statement issued, the facility will leverage advanced glass-based substrate technologies and high-density interconnect packaging, essential for sectors such as AI,…
Guwahati, May 29 (IANS) Assam Chief Minister Himanta Biswa Sarma on Thursday highlighted the state’s steady economic progress and fiscal discipline, asserting that the state is moving towards the vision of a “Viksit Assam” through sustained growth and prudent financial management. Sharing key economic indicators, the Chief Minister said Assam has successfully maintained a revenue surplus for five consecutive years from 2020 to 2025, reflecting stronger fiscal health and disciplined public …
Washington, May 29 (IANS) Treasury Secretary Scott Bessent declared the United States the world’s leading artificial intelligence power, arguing that China remains significantly behind as Washington seeks to maintain its technological edge in one of the most consequential strategic competitions of the century.”The US is the AI leader in the world,” Bessent said during a White House briefing.”We’re an AI superpower. China is second, they are trailing substantially.”The remarks reflect the Trump a…
New Delhi, May 28 (IANS) The next phase of India’s economic expansion will increasingly emerge from sectors and resources that remained underexplored for decades, particularly in the Himalayan region, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Thursday.The Himalayan economy is set to become a major contributor to India’s future economic growth as the country moves towards the vision of Viksit Bharat 2047, he said while addressing the N…
Seoul, May 28 (IANS) South Korea’s central bank kept its benchmark interest rate unchanged on Thursday amid lingering uncertainty in the Middle East, but it raised the possibility of future tightening as inflationary pressures and concerns over currency weakness intensified.In a widely-anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its rate-setting meeting in Seoul. It is the first monetary policy meeting chaired by BOK Gov. …
Guwahati, May 26 (IANS) Assam Chief Minister, Himanta Biswa Sarma, on Tuesday highlighted a series of achievements of his government in the Assembly, claiming that the state has witnessed major economic growth, reduction in poverty and expansion in employment opportunities over the past few years. Addressing the House during a discussion, Sarma said Assam’s Gross Domestic Product (GDP) has increased by Rs 8.71 lakh crore in the last five years, reflecting what he described as rapid economic pr…
Washington/Ottawa, May 26 (IANS) India and Canada have signalled a rapid reset in bilateral ties, with leaders from both countries expressing optimism about concluding a long-pending free trade agreement by the end of this year while sharply expanding trade, investment and business cooperation.Canadian Prime Minister Mark Carney said negotiations on a free trade agreement with India would be “a game changer for Canadian workers and businesses”.”We’re negotiating a free trade deal with India. Thi…
New Delhi, May 24 (IANS) The first meeting of NITI Aayog’s high-powered ‘Education to Employment and Enterprise’ Standing Committee has decided to identify actionable recommendations to enhance employability, foster entrepreneurship, strengthen industry-relevant skilling, and accelerate growth in the services sector, according to an official statement issued on Sunday.The meeting concluded with a shared commitment to transform India’s demographic dividend into a growth dividend, enhance co…
Bengaluru, May 23 (IANS) Karnataka Chief Minister Siddaramaiah said on Saturday that the state government has taken a major step towards the overall development of Bengaluru by initiating the construction of an international-standard cricket stadium at Suryanagar near the city, which he added would boost sports, tourism, employment generation and economic growth. Speaking after inaugurating and laying foundation stones for multiple housing and infrastructure projects organised jointly by the Hou…