New Delhi, May 3 (IANS) The Congress party on Sunday launched an attack on the Centre after reports emerged that Air India may scale back its international flight operations until July due to a steep rise in jet fuel prices, calling it a case of “gross mismanagement” and accusing the government of ignoring the country’s long-term economic interests.In a post on social media platform X, the opposition party, citing media reports, criticised the situation and said it reflected poorly on the …
Latest Economy News & Updates
New Delhi, April 29 (IANS) Pakistan’s diplomatic efforts to somehow bring US-Iran conflict to an end is not only about geopolitical positioning but also about addressing a pressing economic need, according to a new report.Successful mediation can reduce the risk of further shocks to oil and gas prices, ease pressure on the electricity sector, stabilize relations with Gulf states, and open a broader economic horizon with Iran, says a report in www.calcalistech.com.The report says that Pakistan …
New Delhi, April 29 (IANS) New Zealand Prime Minister Christopher Luxon on Wednesday described India-New Zealand free trade agreement (FTA) as a once-in-a-generation opportunity, underscoring the scale and potential of the Indian market. Days after the agreement was finalised in New Delhi, Luxon pointed to India’s emergence as the world’s most populous nation and a rapidly expanding consumer economy.“This deal is extremely exciting for New Zealand. It’s going to create jobs, lift wages a…
Patna, April 23 (IANS) A political controversy has erupted in Bihar following the state government’s decision to develop satellite townships in 11 cities, including Patna. As part of the plan, the NDA government has imposed a temporary ban on the purchase and sale of land in the identified areas, triggering sharp reactions from Opposition leaders.Rohini Acharya, daughter of RJD supremo Lalu Prasad Yadav, strongly criticised the move, calling it shocking and difficult to understand.In a post on…
New Delhi, April 22 (IANS) India’s economy has developed strong resilience to high energy prices and is capable of sustaining growth above 7 per cent even if crude oil costs remain in the range of $90–100 per barrel, Assocham said on Wednesday.The industry body noted that over the past two and a half decades, India has successfully absorbed multiple oil price shocks without derailing its growth trajectory.Data analysed for the period from 2000-01 to 2025-26 shows that some of India’s stron…
Srinagar, April 21 (IANS) Police in J&K’s Sopore town said on Tuesday that an FIR has been registered against miscreants for chopping down apple trees in an orchard.Officials said that the FIR was registered after unidentified persons chopped down dozens of apple trees in an orchard at the Bohripora area in the Sopore area of Baramulla district, causing significant loss to the owner.The family owning the apple orchard said the incident took place during the night when miscreants entered th…
Washington, April 14 (IANS) India’s growth outlook remains resilient despite rising global uncertainty triggered by the Middle East conflict, the Chief Economist of the International Monetary Fund (IMF) Pierre-Olivier Gourinchas said Tuesday projecting a steady expansion even as inflation edges higher.In a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, Gourinchas said, “India has been doing very, very well in 2025,” noting that growth is now estimated…
New Delhi, April 10 (IANS) India’s digital payment system Unified Payments Interface (UPI) is set to mark its 10th anniversary on April 11, after growing 12,000-fold in volume and over 4,000 times in terms of value.The payment system scaled from 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions amounting to nearly Rs 285 lakh crore in FY26, data from analytics firm Tracxn showed.Transactions rose gradually in the initial years — to 915 million in FY18 and…
New Delhi, April 9 (IANS) Federal Chancellor of Austria, Christian Stocker will pay an official visit to India from April 14–17, the Ministry of External Affairs (MEA) announced on Thursday.Arriving in India on his first visit – also his first official visit to Asia – at the invitation of Prime Minister Narendra Modi, Chancellor Stocker will be accompanied by a high-level delegation comprising Federal Minister of Economy, Energy and Tourism Wolfgang Hattmannsdorfer, senior officials and busine…
Bhubaneswar, April 8 (IANS) Odisha Chief Minister Mohan Charan Majhi has said that the state budget is not merely a statement of income and expenditure, but a strong roadmap for the state’s overall development and the realisation of each citizen’s dreams. While inaugurating a state-level budget awareness drive, “Ama Janiba, Ama Budget” on Tuesday, Chief Minister Majhi added that in compliance with the nation’s vision, the state government has set the targets to be achieved by 2047.The targets in…