New Delhi, May 3 (IANS) Amid rising global concerns over oil price volatility and the ongoing Middle East conflict, Morgan Stanley has struck an optimistic note on India, identifying the turbulence as a catalyst for long-term investment growth. In its latest report, the global brokerage has upgraded its outlook for India’s investment cycle, projecting the investment-to-GDP ratio to climb to 37.5 per cent by FY30, up from its earlier estimate of 36.5 per cent.This upward revision translates int…
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New Delhi, April 30 (IANS) India is likely to see an incremental cumulative capex of $800 billion over the next five years across defence, data centres and energy transition due to the Middle East conflict and its investment‑rate will touch 37.5 per cent of GDP in FY2030, a report said on Wednesday.The report from Morgan Stanley said about 60 per cent of the incremental capex is likely to be allocated to energy transition, data centres and defence.”In this context, we remain constructive on In…
Bengaluru, March 30 (IANS) D.K. Suresh, former Congress MP and brother of Karnataka Deputy Chief Minister D.K. Shivakumar, said on Monday that the decision to adopt a two-language policy is a good one. He also warned of a possible shortage of petroleum products and fertilisers in the coming months.Speaking to reporters at his residence in Bengaluru, on the two-language policy, he said, “Imposing three languages on children reduces their learning ability and comprehension. From that perspective…
United Nations, March 27 (IANS) As the world reels from the impact of the Strait of Hormuz chokehold, Secretary‑General Antonio Guterres on Friday announced a task force to address its humanitarian fallout. The group will develop a mechanism for moving fertilisers and related raw materials necessary to avert an agricultural crisis, Guterres’ Spokesperson Stephane Dujarric said.He explained that the “primary focus” of the group, led by Under‑Secretary‑General Jorge Moreira da Si…
New Delhi, March 24 (IANS) Leader of Opposition Rahul Gandhi on Tuesday launched a sharp attack on Prime Minister Narendra Modi, alleging that India’s foreign policy has become “compromised” and is being driven by personal considerations rather than national interest.Gandhi claimed that the country’s foreign policy has turned into the Prime Minister’s “personal foreign policy,” adding that its global perception has weakened. He said that world leaders, including US President Donald…
New Delhi, March 24 (IANS) Prime Minister Narendra Modi on Tuesday said that the Indian economy’s fundamentals are “strong” and the Centre is making “continuous efforts” to ensure the West Asia conflict has minimal effect on the country. Speaking in the Rajya Sabha on the West Asia conflict, PM Modi said, “This present problem has shaken the economy of the entire world. It will take a lot of time for the world to recover from the loss in West Asia. Continuous efforts are underway to ensure that …
New Delhi, March 23 (IANS) Prime Minister Narendra Modi stated on Monday that the government possesses a strategic petroleum reserve and is in the process of building more reserves. He also noted that over the past decade, the sources of energy imports have been hugely diversified. “We have a strategic petroleum reserve of more than 53 lakh metric tonnes, and plans are underway to build another reserve of 65 lakh metric tonnes,” PM Modi said on Monday, while briefing the Lok Sabha on the Wes…
New Delhi, March 23 (IANS) Congress MP Manish Tewari on Monday raised concerns over supply disruptions caused by the ongoing conflict in West Asia and stressed the need to give diplomacy a chance. He said the war has entered a very critical and dangerous phase, urging all sides to de-escalate tensions. Speaking to the media, Tewari highlighted the challenges facing energy-consuming nations, pointing to the wider implications of disruptions in the supply chain of crude oil, natural gas, fertilise…
New Delhi, March 22 (IANS) The West Asia conflict is an evolving situation, and all efforts must be made to safeguard the citizens from the impact of this conflict, Prime Minister Narendra Modi said on Sunday, instructing that all arms of government should work together to ensure the least inconvenience to the citizens. PM Modi chaired a meeting of the Cabinet Committee on Security (CCS) to review the situation and ongoing and proposed mitigating measures in the context of the ongoing West Asia …
New Delhi, March 20 (IANS) The government on Friday clarified in Parliament that there is no proposal to increase the price of urea and the reduction in the size of urea bags has been undertaken as a policy measure to promote balanced fertiliser usage and improve soil health.The reduction in bag size, from 50 kg to 45 kg, and in certain cases to 40 kg, has been implemented with the objective of curbing excessive consumption of urea and encouraging judicious and efficient application of fertilise…