New Delhi, April 23 (IANS) Global economic conditions and sentiments have soured after the outbreak of the West Asia conflict, adversely impacting the growth-inflation outlook, Governor Sanjay Malhotra said in the latest RBI Bulletin on Thursday, adding that Central Bank would remain vigilant of the evolving situation and put in place policies that prioritise the best interest of the economy.The conflict in West Asia has intensified pressures on the global supply chains in March with some easing…
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New Delhi, April 21 (IANS) Bangladesh has failed to get any breakthrough at the IMF-World Bank Spring meeting, held earlier this month, on the stalled IMF programme, and no assurance that the expected $3.2 billion in budget support from the World Bank, the ADB, the AIIB, and Japan can be mobilised within the government’s timeline, a local media report said.At a time when tensions in the Strait of Hormuz are already unsettling global energy and freight markets, this ambiguity could not have come …
Washington, April 20 (IANS) India’s growth outlook remains relatively strong, but a prolonged rise in global energy prices could pose risks to the economy, the International Monetary Fund said. “We have modestly increased our forecast by 0.1 percentage point,” Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, said at a press briefing during the Spring Meetings.He said the upgrade reflects strong momentum entering 2026 and easing tariff pressures. “Momentum coming i…
New Delhi, April 20 (IANS) President Lee Jae Myung stressed the need for South Korea and India to work together to ensure safe passage through the Strait of Hormuz in an interview published on Monday, also highlighting the need for joint efforts to stabilise global supply chains.In a written interview with The Times of India, held before his summit talks with Indian Prime Minister Narendra Modi, he noted that the effective closure of the critical shipping route due to the prolonged conflict betw…
Washington, April 18 (IANS) Former US National Security Adviser Lt Gen (rtd) H. R. McMaster said the United States and its allies must move quickly to secure critical technologies and supply chains as strategic competition with China intensifies. Speaking at a panel discussion at the Thrive 2026 conference at Stanford University, McMaster said years of globalisation had left Western economies exposed by prioritising efficiency over resilience. “We became complacent,” he said, warning that su…
Abu Dhabi, April 17 (IANS) The Indian diaspora in the Gulf emerged as a quiet but powerful force during the recent turbulence in West Asia amid uncertainties across energy markets, logistics networks, and expatriate communities. Often measured in economic terms through remittances and labour statistics, the Indian community demonstrated a far deeper reality defined by resilience, solidarity, and an ability to stabilise both host societies and fellow migrants in crisis situations, a report detail…
Mumbai, April 17 (IANS) As India approaches Akshaya Tritiya — traditionally seen as an auspicious occasion for buying gold — investors are weighing their options as the yellow metal navigates global uncertainty, with prices rising nearly 10 per cent so far in 2026, a report has said.According to a report by Motilal Oswal Financial Services Ltd (MOFSL), despite the festive tailwinds, gold’s journey this year has remained volatile, marked by sharp swings amid a complex global backdrop and rema…
New Delhi, April 16 (IANS) International Energy Agency chief Fatih Birol on Thursday warned that air travel in Europe would be hit due to a shortage of jet fuel if the Strait of Hormuz remains closed, as stocks were already running low. Europe may have “only maybe 6 weeks or so of jet fuel left”, and there could soon be flight cancellations if supplies remained blocked, Birol told the Associated Press.Stocks would reach a tipping point in June if Europe was unable to replace at least half of its…
New Delhi, April 16 (IANS) The International Monetary Fund (IMF) lowered Pakistan’s economic growth forecast to 3.5 per cent for the fiscal year 2026-27 and raised its inflation outlook, a report has said.In its latest World Economic Outlook released during the Spring Meetings, the IMF cut down the growth projection from its earlier estimate of 4.1 per cent, citing the impact of the ongoing Middle East conflict, while warning that the global economy could face significant disruptions if the wa…
Washington, April 16 (IANS) As a fresh energy shock from the Persian Gulf conflict risks deepening vulnerabilities across major economies, the global imbalances are widening again, top officials from the IMF and policymakers warned.Speaking at a high-level panel on Wednesday (local time), IMF Managing Director Kristalina Georgieva said “imbalances have been coming and going in waves” and are now “on the rise again,” with major surplus economies including China, Germany and Japan facing o…