Seoul, April 17 (IANS) South Korea and the European Union (EU) agreed Friday to form a strategic economic partnership to expand bilateral ties in trade and economic security amid heightened global uncertainties, Seoul’s trade ministry said.The agreement was made during the inaugural Korea-EU next-generation strategic dialogue held in Seoul to help the two sides explore deeper cooperation in trade, supply chains and technology, according to the Ministry of Trade, Industry and Resources. Friday’s …
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Seoul, March 29 (IANS) South Korean Prime Minister Kim Min-seok on Sunday vowed to take pre-emptive measures against possible shortages of daily necessities, as the Middle East crisis has disrupted global energy markets and driven up energy prices. “We are at a grave economic crossroads,” Kim said during an emergency economic headquarters meeting. “The aftermath of the Middle East conflict is emerging as a complex crisis for our economy, in the form of severe energy supply instability and global…
New Delhi, March 6 (IANS) Addressing market speculation triggered by geopolitical disruptions in West Asia and the Strait of Hormuz, the Centre’s Department of Fertilisers on Friday firmly assured the farming community that India’s fertiliser stocks remain robust and are sufficient to handle the upcoming kharif season.The Department of Fertilisers said that the country’s reserve stocks of fertilisers have risen by a massive 36.5 per cent from 129.85 lakh metric tonnes (LMT) on March 6, 2025, t…
New Delhi, Feb 7 (IANS) With coastal states leading the Blue Economy mission and industrial corridors driving advanced manufacturing, Andhra Pradesh is positioned as a key partner in India’s journey towards Viksit Bharat 2047, Union Minister Jitendra Singh said on Saturday. The Union Budget 2026–27 gives concrete shape to this vision by placing fisheries, marine exports, coastal infrastructure, and ocean-based economic activity at the centre of India’s long-term growth strategy, he stated….
New Delhi, Jan 29 (IANS) A strong manufacturing sector can push India’s medium-term economic growth to 7.5 or 8 per cent, higher than the 7 per cent projected in the Economic Survey, Chief Economic Adviser V. Anantha Nageswaran said on Thursday.Addressing the media after the tabling of the Economic Survey in the Parliament, the CEA said that a strong manufacturing sector, which pushes up exports, would also reduce the current account deficit and bolster the rupee.He also said that the sector i…
New Delhi, Jan 7 (IANS) China’s rare earth weapon has emerged as one of the most sophisticated instruments of modern economic statecraft as it exploits Western dependencies on materials essential for defence systems, renewable energy technologies, and advanced manufacturing processes, according to an article.”The strategic implications extend far beyond mining and metallurgy. These materials represent a fundamental shift in how nations project power, where geological advantages translate directl…