New Delhi, July 20 (IANS) Pakistan’s poverty rate has risen sharply over the past six years, with nearly 29 per cent of the population now living below the poverty line, as repeated economic shocks, high inflation and weak growth eroded household incomes and consumption, a report has said.According to an analysis by Dawn — based on the Household Integrated Economic Survey (HIES) and the Pakistan Social and Living Standards Measurement (PSLM) — the country’s poverty rate increased to 28.9 per c…
Latest Geopolitical Uncertainties News & Updates
New Delhi, July 16 (IANS) Information technology (IT) services sector revenue growth in India is set to stay muted this fiscal (FY27) and the next (FY28), as artificial intelligence (AI)-driven disruptions, weak discretionary spending and continuing geopolitical uncertainties deepen a four-year slowdown, a report showed on Thursday.Mid-tier IT companies could prove to be nimble in this environment. For the broader industry, the key test will be how quickly companies reinvent business models, ada…
New Delhi, June 6 (IANS) The Reserve Bank of India’s latest policy measures aimed at attracting foreign capital could potentially bring nearly $50 billion in inflows, while further gains may come if India secures greater participation in global bond indices, a report has said.According to ICICI Bank Global Markets, measures announced by the central bank, including support for foreign currency deposits, concessional foreign exchange swap facilities for certain external borrowings and broader ac…
New Delhi, May 19 (IANS) Despite ongoing geopolitical uncertainties and elevated crude oil prices, India’s market benchmark Nifty is expected to touch 29,000 level by March 2027, a report said on Monday.The report from Emkay Global Financial Limited said that India’s domestic macroeconomic resilience, improving earnings trajectory and policy support continue to offer a strong foundation for long-term growth.“Earnings resilience, policy support, easing domestic inflationary pressures and ongo…
New Delhi, May 16 (IANS) The Delhi government on Saturday announced a major reduction in Value Added Tax (VAT) on Aviation Turbine Fuel (ATF), bringing the levy down from 25 per cent to 7 per cent in a move aimed at easing operational costs for airlines and providing relief to air passengers.According to the Chief Minister’s Office, the decision is expected to lower fuel expenses for carriers operating from the national capital and help improve the overall viability of airline operations.“De…
Mumbai, April 10 (IANS) India must rethink its energy security strategy and reduce its dependence on traditional supply assumptions, especially its proximity to the Middle East, amid rising geopolitical uncertainties, ONGC Chairman and CEO Arun Kumar Singh said on Friday.Speaking at an energy security conclave organised by the Petroleum and Natural Gas Regulatory Board, the ONGC chief warned that the recent West Asia conflict, which triggered one of the biggest energy shocks in decades, has expo…
New Delhi, March 19 (IANS) Defence Minister Rajnath Singh said on Thursday that India must work in a mission mode to emerge as a global hub of indigenous drone manufacturing in the next few years to ensure strategic autonomy, enhance defence preparedness and make the country Aatmanirbhar in view of the present geopolitical uncertainties.Addressing the inaugural session of the two-day National Defence Industries Conclave at Manekshaw Centre here, the minister asserted that the ongoing conflicts, …