New Delhi, June 8 (IANS) Pakistan’s Federal Board of Revenue (FBR) has announced a massive revenue shortfall of close to Rs 684 billion during the first 10 months of the current financial year, raising concerns over the country’s fragile economy, according to a report in Maldives Insight.“As Pakistan struggles with inflation, debt obligations and repeated International Monetary Fund scrutiny, the revenue crisis has become far more than a bureaucratic failure. It now sits at the centre of t…
Latest Economy News & Updates
New Delhi, June 6 (IANS) Defence Minister Rajnath Singh on Saturday said that at a time when many countries are facing economic uncertainty, India continues to stand out as the world’s fastest-growing major economy. He further said that India’s economy grew by 7.7 per cent in FY 2025-26, with growth accelerating to 7.8 per cent in the fourth quarter, underscoring its resilience and the underlying strength built over the last 12 years through the mantra of ‘Reform, Perform, Transform’.Defence…
Washington, June 6 (IANS) President Donald Trump has hailed stronger-than-expected US jobs growth in May, saying the latest employment figures showed the economy was outperforming forecasts despite ongoing tensions with Iran. Speaking at an agriculture roundtable in Chippewa Falls, Wisconsin, on Friday (local time), Trump said the US economy added 172,000 jobs in May.”For the third month in a row, the jobs numbers … smashed all expectations,” Trump said.He said economists had projected far few…
Daman, June 5 (IANS) Prime Minister Narendra Modi on Friday highlighted India’s economic performance, saying the country recorded a 7.7 per cent growth rate in the financial year 2025-26 and retained its position as the world’s fastest-growing major economy. Addressing a public meeting in Daman, PM Modi described the latest economic figures as encouraging news and said they reflected the strength of India’s economic foundations.“The figures released today clearly show how strong the foun…
Daman, June 5 (IANS) Prime Minister Narendra Modi on Friday said India’s ability to withstand global economic and geopolitical challenges was the result of the collective efforts of 140 crore citizens. Addressing the public gathering in Daman after launching developmental projects, PM Modi noted that many countries continued to face uncertainty amid ongoing international crises.“We all know that the world is facing crises. Economies across the globe are struggling under uncertainty,” he said…
New Delhi, June 5 (IANS) Prime Minister Narendra Modi said on Friday that India’s growth momentum remains strong and the Union government would leave no stone unturned to further ‘ease of living’, ‘ease of doing business’ and increase opportunities for the country’s youth. “The GDP growth rate of 7.7 per cent in FY 2025-26 and 7.8 per cent in Q4 of FY 2025-26 reflect the inherent strength of our economy, the success of reforms, and the hard work of 140 crore Indians,” Prime Minister Modi remarke…
New Delhi, June 5 (IANS) India’s GDP growth was estimated at a robust 7.8 per cent in the January-March quarter (Q4) of 2025-26, as result of which the growth rate for the full financial year works out to 7.7 per cent on the back of a strong performance of the agriculture, construction, and services sectors, data released by the Ministry of Statistics on Friday showed. The secondary sector recorded a strong 8.8 per cent growth while the tertiary sector grew by 9.9 per cent, according to the offi…
Mumbai, June 4 (IANS) Chief Minister Devendra Fadnavis on Thursday said that to realise the vision of a ‘Vishwa-Guru’ and Viksit Bharat @ 2047, the creation of a highly skilled and technologically equipped human resource is imperative. With emerging technologies like Artificial Intelligence (AI), Semiconductors, and Quantum Computing rapidly transforming the employment landscape, equipping the youth with modern skills is the true need of the hour. He was speaking at the Y4D (Youth for Develo…
Hyderabad, June 2 (IANS) Telangana Chief Minister A. Revanth Reddy said on Tuesday that his dream is to position the state not merely as a gateway for the nation, but to the entire world and that the roadmap to achieving this vision is mentioned in the ‘Telangana Rising – 2047’ document. Addressing the Telangana Formation Day celebrations at Parade Grounds here, he stated it is the firm resolve of “people’s government” that Telangana should emerge as a one-trillion US dollar economy by 2034…
New Delhi, May 31 (IANS) Prime Minister Narendra Modi on Sunday highlighted India’s diverse mango varieties and praised farmers engaged in mango cultivation, saying their contribution extends beyond agriculture and plays a significant role in strengthening the country’s economy and expanding its presence in international markets. Speaking during the 134th episode of his monthly radio programme, Mann Ki Baat, the Prime Minister said that with the arrival of summer, mangoes become one of the most …