New Delhi, May 12 (IANS) Prime Minister Narendra Modi’s appeal urging citizens to conserve fuel, reduce non-essential consumption, and support the economy amid global disruptions has drawn strong support from leaders in Uttar Pradesh and Bihar, who called the message timely and meaningful.Uttar Pradesh Minister Kailash Singh Rajput said the Prime Minister’s appeal carries deep relevance in the current global situation. “The Prime Minister of the country, Narendra Modi, is established as on…
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New Delhi, May 11 (IANS) The seven appeals made by Prime Minister Narendra Modi to the nation would go a long way to build and strengthen India’s journey towards Viksit Bharat, leading industry chamber Assocham said on Monday.PM Modi’s appeal to the people for collective participation to help the country deal with global economic disruptions, supply chain challenges and rising prices caused by international conflicts has, thus, emphasised prudence in the usage of petroleum products and reduc…
New Delhi, May 7 (IANS) The Ministry of External Affairs (MEA) on Thursday stated that 11 Indian ships have exited the Strait of Hormuz so far as a result of ongoing diplomatic engagement with Iran.Addressing a weekly media briefing in New Delhi, MEA spokesperson Randhir Jaiswal stated that a forward movement is being seen in diplomatic engagements with Tehran, and the ministry continues to be in touch with the Iranian authorities.”We have seen forward movement and, as a result of forward move…
New Delhi, May 6 (IANS) Stakeholder sentiment in India’s real estate sector entered into a cautious phase in Q1 2026 over global macroeconomic volatility, a report said on Wednesday.The report from Knight Frank and NAREDCO said its quarterly index Current Sentiment Score fell to 49 from 60 and the Future Sentiment Score eased to a neutral 50 from 61.The index captures supply‑side and financial institution views on economic conditions and funding availability.”The moderation in sentiment is l…
New York, May 5 (IANS) International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the global economy would face a “much worse outcome” if the Middle East war drags on into 2027, with oil prices hitting around 125 dollars per barrel. “We are going to see inflation climbing up, and then inevitably, inflation expectations would start de-anchoring,” she said at a conference hosted by the Milken Institute in Washington, D.C., on Monday (local time).She noted that current con…
United Nations, April 30 (IANS) Warning of a steep fall in economic growth and a rise in poverty around the world due to the Iran war, UN Secretary-General Antonio Guterres reiterated his demand for the immediate restoration of free navigation in the Strait of Hormuz.”As with every conflict, the whole of humanity is paying the price – even if a few are reaping huge profits,” he told reporters. “The pain will be felt for a long time to come.”The war’s “consequences are not cumulative. They ar…
Washington, April 30 (IANS) The White House is asking other countries to join a US-led international coalition aimed at enabling ships to navigate the Strait of Hormuz, American media has reported. The so-called “Maritime Freedom Construct” (MFC) was spelt out in an internal State Department cable sent to US embassies on Tuesday, urging US diplomats to press foreign governments into signing up, according to The Wall Street Journal (WSJ) report on Wednesday (local time).The MFC would be a joint e…
Washington, Aprril 30 (IANS) Surging oil prices driven by the Middle East conflict are clouding the US Federal Reserve’s economic outlook, with policymakers warning of rising inflation and uneven global impact, particularly on energy-dependent regions such as Asia. Federal Reserve Chair Jerome Powell said higher energy costs are already feeding into inflation, complicating the central bank’s policy path. “Inflation has moved up and is elevated, in part reflecting the recent increase in glo…
Washington, April 30 (IANS) Disruptions from the US war with Iran are pushing up fuel prices and straining global energy supplies, lawmakers warned, citing mounting pressure on economies worldwide.At a congressional hearing on Wednesday (local time), lawmakers pointed to instability around the Strait of Hormuz, a key shipping route for global oil flows, as a major source of concern.Ranking member Adam Smith said the economic fallout is already visible. “The impact on the economy certainly here…
Johannesburg, April 24 (IANS) The South African region is facing direct consequences due to the ongoing conflict in the Middle East, South African Minister of International Relations and Cooperation Ronald Lamola said on Friday.The minister made these remarks in Pretoria during the Inter-Departmental Workshop on the RISDP 2020–2030 in the context of South Africa’s Chairship of the Southern African Development Community (SADC).“The ongoing conflict in the US-Israel war on Iran and Lebanon h…