New Delhi, June 11 (IANS) Finance Minister Nirmala Sitharaman said on Thursday that India continues to be among the world’s fastest-growing major economies, with GDP growth projected to remain robust at around 7 per cent over the medium term.Highlighting India’s remarkable economic progress in recent years through the visionary leadership of Prime Minister Narendra Modi, and India’s commitment to the mantra of ‘Reform, Perform, and Transform’, Finance Minister said that our growth is pri…
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Brussels, June 11 (IANS) South Korean President Lee Jae Myung has left Belgium en route to Italy, the second stop in his visit to Europe, where he will hold talks with the Italian president and prime minister.Lee’s departure on Wednesday (Local time) followed his talks with Belgian Prime Minister Bart De Wever earlier in the day, followed by a summit with leaders of the European Union — Ursula von der Leyen, president of the European Commission, and Antonio Luis Santos da Costa, president of th…
New Delhi, June 6 (IANS) Cheap Chinese products have flooded the European markets, becoming a major technological rival for Europeans, who underestimated its capacity for innovation, according to a new report.The European Union (EU) is apparently trying to “build a strategy that protects its industrial base without triggering a full-scale trade dispute with Beijing”, according to the report in Le Monde.Beijing is now competing in innovation-driven and high-value-added production sectors, inc…
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) BJP leader Amit Malviya took a dig at Congress leader Rahul Gandhi, citing the high GDP growth figure for the Indian economy released on Friday as a “tsunami” that has “washed away” the Opposition leader’s “latest sinister attempt to malign India.” The latest GDP data shows India growing at 7.7 per cent in FY 2025–26 is the fastest among major economies. Quarter after quarter, India held firm with a 6.7 per cent growth in Q1, 8.4 per cent growth in Q2, 7….
New Delhi, May 21 (IANS) Germany risks repeating the United States’ early‑2000s deindustrialisation if it continues to admire China’s export success, a report has said and warned Europe’s largest economy about a sharp rise in bilateral trade imbalances and targeted Chinese industrial policies.“Germany remains hesitant, even as China has already eaten much of German industry’s lunch and is preparing to start on dinner,” the Brussels-based think tank Centre for European Reform (CER) sa…
Brussels, May 12 (IANS) The European Commission said that it is coordinating and supporting national authorities’ response to a hantavirus outbreak, while the European Centre for Disease Prevention and Control (ECDC) assesses the risk to the general population in Europe as very low.Since Spain activated the EU Civil Protection Mechanism on May 6, the EU’s Emergency Response Coordination Centre has been facilitating the safe evacuation of people aboard the MV Hondius cruise ship, which was anchor…
Madrid, May 12 (IANS) One of the 14 Spanish evacuees from the hantavirus-hit cruise ship MV Hondius on Sunday has tested preliminarily positive for the virus, Spanish Health Minister Monica Garcia has said. Garcia wrote on X on Monday (local time) that one of the Spanish passengers currently under isolation at Madrid’s Gomez Ulla hospital had tested preliminarily positive in a PCR test conducted upon arrival.”The person remains in isolation, without symptoms and in general good health, under con…
Washington, April 30 (IANS) US Senators Cory Booker and Dave McCormick have introduced bipartisan legislation aimed at strengthening energy security, supply chains and strategic partnerships by elevating the Eastern Mediterranean’s role in the India–Middle East–Europe Economic Corridor (IMEC). The proposed “Eastern Mediterranean Gateway Act” seeks to expand US engagement in a region increasingly viewed as a critical link between the United States, India, the Middle East and Europe. The…
New Delhi, April 19 (IANS) With an aim to reduce dependency on China for critical minerals, Group of Seven (G7) countries have agreed to step up cooperation with resource-rich countries and multilateral development banks, according to reports.Japan-based The Mainichi national daily reports that finance ministers reached the agreement at a meeting in Washington, DC. The meeting was attended by mineral-producing countries, including Argentina, Australia, India, Indonesia, South Africa and South Ko…