Guwahati, July 2 (IANS) The Assam government has approved a series of reforms aimed at encouraging greater private participation in higher education by easing regulatory norms for establishing private universities in the state. Chief Minister Himanta Biswa Sarma on Thursday said the Assam Cabinet has introduced policy changes that will make it easier for reputed private institutions to invest in the higher education sector.”To harness Assam’s fullest potential we aim to expand access to quality …
Latest Economy News & Updates
New Delhi, July 1 (IANS) Pakistan’s slow growth is more than an economic challenge – it is the country’s foremost national security threat, and no amount of military strength, diplomacy, or managed stability can rescue a nation that is sliding deeper into poverty while its population keeps growing, according to an article in the Pakistani media. The security establishment’s greatest adversary is not India, Afghanistan, or terrorism, but Pakistan’s own slow economic decay. This is not about GDP; …
New Delhi, June 28 (IANS) As GST, considered the biggest tax reform since India’s independence, completes 9 years on July 1, it has also gained near-universal acceptance among businesses as a simple and trusted digital ecosystem, according to the latest Deloitte Survey.The next phase, GST 2.0, will move beyond digitalisation to an intelligent, predictive and integrated framework, with businesses seeking AI-driven compliance, data-led dispute reduction and a seamless, unified taxpayer experienc…
Dhaka, June 27 (IANS) Although Bangladesh can derive opportunities from relations with China, those opportunities carry the risk of long-term dependency if not strategically balanced. Defence modernisation should be pursued in line with the country’s economic capacity, technology development and human resource growth, a report has stated. “There are signs of a major change in Bangladesh’s foreign policy. Amidst the long-standing diplomatic balance, initiatives to increase defence, infrast…
New Delhi, June 26 (IANS) Pakistan’s central government debt has climbed to a record Rs 81.93 trillion after rising by Rs 1.4 trillion in April alone, underscoring mounting fiscal pressures and the country’s continued dependence on borrowing to finance its expenditure, according to a report.The report published in Business Recorder said the latest debt figures reflect deep-rooted structural weaknesses in Pakistan’s public finances despite repeated warnings over fiscal sustainability and rising d…
Seoul, June 26 (IANS) South Korea will lower the cap on fuel prices to reflect the recent decline in global crude oil prices, the finance minister said on Friday, while freezing electricity and gas rates in the second half this year.Finance Minister Koo Yun-cheol made the remarks during a meeting with economy-related ministers, noting the cap system will remain in place until consumer prices are fully stabilised.Details of the adjustment to the cap were expected to be announced later Friday, rep…
Seoul, June 24 (IANS) The presidential policy chief said on Wednesday that the advent of a new artificial intelligence (AI) era requires new state infrastructure, calling for aggressive investment to bolster the country’s potential growth trajectory in AI.Kim Yong-beom, presidential chief of staff for policy, made the point at a discussion hosted by the Kwanhun Club, a senior journalists’ association, amid a stock market boom in South Korea driven by record profits and stock gains by AI-related …
New Delhi, June 22 (IANS) The Balochistan government’s newly announced budget for fiscal year 2026-27 has triggered widespread disappointment among government employees and ordinary citizens, many of whom believe the financial plan offers little relief to people struggling with rising costs, unemployment and inadequate public services, a report has said.Discontent surfaced prominently during the provincial budget session when members of the Balochistan Employees’ Grand Alliance staged protests…
New Delhi, June 12 (IANS) India on Friday appealed to BRICS nations for greater collaboration, urging all member countries to work together towards empowering small farmers, ensuring food security and promoting sustainable agricultural development across the world.Agriculture Minister Shivraj Singh Chouhan said that collective efforts by BRICS nations can provide a new direction to global agriculture and contribute significantly to building a more secure, sustainable and inclusive agricultural f…
New Delhi, June 10 (IANS) Ambassador of Ecuador to India, Fernando Xavier Bucheli Vargas, has said that Prime Minister Narendra Modi has emerged as an influential voice for the Global South, noting his ability to engage with both developing economies and the world’s leading powers. He added that India’s growing economic strength and demographic significance have amplified its voice on the global stage. Responding to a question on PM Modi becoming India’s longest-serving Prime Minister, Vargas to…