Latest Economy News & Updates

New Delhi, May 23 (IANS) Petrol and diesel prices were increased once again across India on Saturday, marking the third revision in retail fuel rates in just 10 days. Petrol became costlier by Rs 0.87 per litre, while diesel prices were raised by Rs 0.91 per litre by state-owned oil marketing companies. The latest hike comes amid sustained pressure from rising global crude oil prices and ongoing geopolitical tensions in West Asia, which continue to impact international energy markets.In the nati…

Guwahati, May 22 (IANS) Assam Bharatiya Janata Party (BJP) MLA Rajdeep Goala has stressed the importance of adopting electric vehicles (EVs), saying the move was necessary not only for environmental protection but also for safeguarding the country’s foreign exchange reserves. Speaking to reporters at the Assam Legislative Assembly premises on Thursday, the legislator from the Udharbond Assembly constituency, said he had arrived at the state Assembly in an electric vehicle and had also used the s…

Raebareli, May 20 (IANS) The Leader of Opposition (LoP) Rahul Gandhi stirred a fresh controversy on Wednesday as he launched a tirade at the Modi government over the latter’s ‘mishandling’ of the economy during his day-long visit to Raebareli and also made objectionable comments against Prime Minister Narendra Modi and Home Minister Amit Shah. Addressing the ‘Bahujan Swabhimaan Sabha’ in his Lok Sabha constituency, Rahul Gandhi labelled both the Prime Minister and Home Minister as “tra…

New Delhi, May 19 (IANS) The India Exim Bank on Tuesday extended a $100 million loan to the Africa Finance Corporation (AFC) to support India’s project exports on the continent.The fresh loan is in addition to a facility of $100 million extended to the AFC in August 2021 to develop critical infrastructure required for the revival of Africa’s economies in the wake of the Covid-19 pandemic, and another credit line of $100 million, extended in March 2026, to support India’s project exports in…

New Delhi, May 19 (IANS) Rising fuel prices and inflation on Tuesday sparked a fresh political confrontation, with Opposition leaders accusing the Centre of pushing common people into distress, while the BJP defended the situation by calling it a global crisis affecting economies worldwide.AAP leader Anurag Dhanda, attacking the Centre, said auto and truck drivers were being forced towards protest due to increasing prices of CNG, petrol and diesel.”Auto drivers have now announced that they will …

Seoul, May 19 (IANS) South Korea’s President Lee Jae Myung said Tuesday he and Japanese Prime Minister Sanae Takaichi agreed to further enhance cooperation on supply chains amid the continuing conflict in the Middle East, as well as in securing crude oil and Liquefied Natural Gas (LNG) supplies.Lee made the remarks as he and Takaichi announced the results of their summit held at a hotel in his hometown of Andong, 190 kilometres southeast of Seoul.”We agreed that close bilateral cooperation is …

New Delhi, May 17 (IANS) Pakistan’s prolonged focus on “economic stabilisation” without meaningful structural reforms risks trapping the country in a cycle of stagnation and recurring crises, a report has said.The report came after Prime Minister Shehbaz Sharif acknowledged that the ongoing US-Iran conflict had negatively impacted Pakistan and other economies in the region through rising energy prices, geopolitical uncertainty and disruptions in trade and supply chains, according to an edi…

The Hague, May 17 (IANS) Stressing upon the people-to-people ties between the two countries and the contribution of Indian diaspora in the Netherlands, Prime Minister Narendra Modi and his Dutch counterpart Rob Jetten during their meeting at the Hague on Saturday agreed to elevate the India-Netherlands bilateral relationship to a Strategic Partnership by following focused, time bound initiatives and joint plans of action. Both the countries adopted the Roadmap of India-Netherlands Strategic Part…

New Delhi, May 16 (IANS) Pakistan’s latest GDP data points to a fragile and uneven recovery, with the economy growing 3.7 per cent in the current fiscal year, below the government’s 4 per cent target and marginally under the nation’s State Bank projection range, a report has said.The report published in Dawn highlighted that the growth underscores the country’s continued struggle to break out of a prolonged low-growth trap shaped by structural weaknesses, external financing pressures and r…

Udupi (Karnataka), May 16 (IANS) Karnataka Minister for Women and Child Welfare Laxmi Hebbalkar on Saturday urged political parties not to politicise issues related to education, stating that students’ interests and future should not be compromised.Commenting on the controversy surrounding the state government’s move to remove the ban on hijab and other religious symbols, Hebbalkar said students should not be dragged into political debates.“There should be no interference in education. Stu…