New Delhi, July 27 (IANS) The government has undertaken a range of measures to ensure availability of critical industrial inputs including energy, ease input cost pressures, facilitate trade, support industrial activity and safeguard macroeconomic stability in the wake of supply chain disruptions due to the West Asia crisis, the Parliament was informed on Monday.Temporary customs duty exemption was provided on selected petrochemical feedstock. Further, the Bharat Maritime Insurance Pool RELIEF (…
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New Delhi, July 27 (IANS) Indian equities warrant a ‘constructive’ view over the long run due to demographics, rising domestic investment, a deepening financial system, diversifying supply chains and improving energy security, a report said on Monday.The report from PL Wealth recommended investors consider a phased entry into quality large‑cap and large & mid‑cap names in the short term and kept an overweight call for the 24–60-month horizon.The firm kept its overweight call on India i…
Islamabad, July 25 (IANS) Pakistan enters FY2026 still classified by the World Bank as a lower-middle-income country, and it sits within the Bank’s “blend” category, a status that gives Islamabad access to both concessional financing from the International Development Association (IDA) and near-market lending from the International Bank for Reconstruction and Development (IBRD), according to an analysis.On paper, that dual access should give Pakistan more room than most developing economies to i…
New Delhi, July 23 (IANS) Pakistan’s finance minister, Muhammad Aurangzeb, has requested the US Treasury Secretary Scott Bessent for a $10 billion Exchange Stabilisation Support Facility to bolster the country’s foreign exchange reserves and ease debt pressures, a new report has said.The report from India Blooms News Service cited a Dawn report that officials at Pakistan’s embassy in Washington confirmed Aurangzeb’s request in talks with US Treasury Secretary Scott Bessent but did not prov…
New Delhi, July 21 (IANS) Maruti Suzuki India on Tuesday announced that it will increase the prices of its passenger vehicles by up to Rs 30,000 from August 2026, citing a sustained rise in input costs and persistent inflationary pressures.In a regulatory filing with the BSE, the country’s largest carmaker said the price revision has become necessary due to the continuous sustained increase in input costs, despite the company’s efforts to offset higher expenses through cost-reduction initiatives…
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…
Jaipur, July 18 (IANS) Congress National General Secretary, former Deputy Chief Minister and Tonk MLA Sachin Pilot has alleged that the Bharatiya Janata Party (BJP) government in Rajasthan has failed to uphold its basic responsibilities of providing quality education, healthcare and public safety, accusing it of administrative negligence and poor governance. Pilot said on Friday that the condition of the education and healthcare systems continues to deteriorate. He cited the deaths of pregnant w…
Mumbai, July 17 (IANS) RBI Governor Sanjay Malhotra said on Friday that India’s fundamentals remain strong, with a decent pace of economic expansion despite geopolitical uncertainties triggered by the West Asia crisis.In an exclusive interview to Doordarshan, the RBI governor also admitted that the ongoing geopolitical tensions in West Asia and a potentially weak monsoon pose key risks to India’s economy.Malhotra defended the performance of the rupee in the backdrop of a strengthening US dol…
Washington, July 17 (IANS) The White House has hailed the latest inflation figures as evidence that President Donald Trump’s economic policies are delivering results, pointing to falling consumer prices, rising real wages and lower prices at major retailers as signs that the administration’s agenda is benefiting American families. Opening the daily White House briefing on Thursday, Press Secretary Karoline Leavitt said the latest Consumer Price Index (CPI) report had exceeded expectations.”Tuesd…
Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that “inflation is a choice” and pledged that persistently high price growth would not continue under his leadership, signalling that restoring price stability remains the US central bank’s overriding priority despite uncertainty over artificial intelligence, geopolitical tensions and other economic risks.Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing…