New Delhi, June 20 (IANS) India needs a “new independence movement” aimed at reducing the country’s dependence on foreign capital, imported energy, defense equipment and overseas technology as rising geopolitical tensions and growing protectionism reshape the global economy, according to a strategy report released by Kotak Institutional Equities.The report argues that changing global trade dynamics, increasing geopolitical conflicts, resource nationalism and tighter restrictions on technol…
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Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…
New Delhi, June 13 (IANS) Bangladesh’s official budget and revenue shortfalls may mask a deeper crisis in ethics and good governance, and the country is expected to continue in the same trend unless “corruption and extraction are reduced”, a report has said.The report from Bangladesh-based The Business Standard argued that the estimated losses from corruption, overpricing, inefficiency, and systemic extraction could possibly exceed the budget deficit itself.The National Board of Revenue has as…
New Delhi, June 13 (IANS) Foreign portfolio investors (FPIs) are unlikely to continue selling big in India in the context of stable currency and improving economic prospects and the selling is likely to slow down significantly, analysts said on Saturday.There is a decreasing trend in FPI selling in India. On Friday, FPIs sold only for Rs 1,082 crore in the equity cash market.“Recent geopolitical developments, which everyone expects to lead to a peace deal between US and Iran have led to sharp …
New Delhi, June 12 (IANS) India’s steady economic ascent supported by sustained growth, a young population and resilient democratic institutions is poised to challenge the notion that authoritarianism is a necessary shortcut to rapid development, a new report has said.The report from India Narrative said that India’s consistent growth trajectory refutes long‑standing assumptions that political repression is required to build modern industrial and technological capacity.India’s arrival as a g…
New Delhi, June 12 (IANS) India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday.However, it slightly inches up from 3.48 per cent recorded in previous month (April). The inflation data cannot be compared with the corresponding period last year due to the rebasing of the CPI basket, which now uses 2024 as the ba…
New Delhi/Bengaluru, June 11 (IANS) Karnataka Chief Minister D.K. Shivakumar on Thursday highlighted the state’s contribution to India’s growth story and called for greater support from the Union Government to strengthen infrastructure, human development and innovation, while addressing the NITI Aayog Governing Council meeting. Speaking on the theme of “Inclusive Human Development”, the Chief Minister said Karnataka’s development model is based on investments in human capabilities, social equi…
New Delhi, June 11 (IANS) India’s GDP growth is pegged at 6.6 per cent for the financial year 2026-27, which is above the country’s decadal growth average, and will enable the country to retain its tag as the world’s fastest-growing economy amid the adverse impact triggered by the West Asia crisis, according to a forecast by Fitch Group company BMI.BMI’s projection is in line with RBI’s 6.6 per cent growth estimates for 2026-27. India clocked a robust growth rate of 7.7 per cent in 2025-26 des…
New Delhi, June 10 (IANS) India has witnessed strong and broad-based economic transformation over the past 12 years, with major gains across growth, manufacturing, services, external sector performance and investment climate, ASSOCHAM President Nirmal K Minda said on Wednesday.Congratulating Prime Minister Narendra Modi on becoming the longest-serving Prime Minister of India, Minda said the country has achieved multiple milestones under his leadership.“Our economy’s growth fundamentals have …
New Delhi, June 9 (IANS) The Israeli Ambassador to India, during the Israel National Day celebration in New Delhi, said that India and Israel are both ancient civilisations on a path of national revival. Minister of State (MoS) for External Affairs Kirti Vardhan Singh participated in the celebrations. “We share much more: We are both ancient civilisations on a path of national revival. We both struggle against radicalism and terrorism. We are vibrant democracies with a culture of tolerance and…