Gwalior, Feb 2 (IANS) Union Minister for Communications and Development of North Eastern Region, Jyotiraditya Scindia, said on Monday that the Budget for financial year 2026-27 fulfills the aspirations of the people and takes decisive steps towards realising the national resolve of a developed India (‘Viksit Bharat’) at the grassroots level. Scindia, who is a BJP MP from Madhya Pradesh’s Guna, made this statement while addressing a press conference during a visit to Ashok Nagar (under Gwalior di…
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Dhaka, Feb 2 (IANS) As Bangladesh grapples with rising inflation, acute housing shortages, water stress and steadily deteriorating public services, the Muhammad Yunus-led interim government has approved a plan to construct three new buildings comprising 71 luxury flats for ministers on Minto Road in Dhaka, a report said on Monday. It added that the project is estimated to cost Bangladeshi Taka (Tk) 786 crore, with an additional Tk 20 crore allocated for furniture and fittings, and each flat —m…
Mumbai, Feb 1 (IANS) Maharashtra Congress President Harshwardhan Sapkal on Sunday said that the budget presented by the Narendra Modi government is no different from the previous budget. “This budget is not meant to satisfy any social class, but is limited to big figures and claims,” he said. He alleged that figures have been manipulated in the budget, and it is completely directionless.“A solid policy is required for large-scale employment generation in the country, but there is no clear …
New Delhi, Jan 29 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Economic Survey 2025-26 reflects the healthy banking fundamentals, achieved due to the various banking reforms undertaken by Prime Minister Narendra Modi’s government in the last decade.The Gross Non-Performing Asset (GNPA) ratio of scheduled commercial banks has fallen to a multi-decadal low of 2.2 per cent as of September 2025, marking a clear break from earlier stress cycles, the Finance Minister said in a ser…
New Delhi, Jan 29 (IANS) The Economic Survey projects India’s real GDP growth for the financial year 2026-2027 in the range of 6.8 to 7.2 per cent based on an outlook for the economy that is one of steady growth amid global uncertainty.The survey states that for India, “these global conditions translate into external uncertainties rather than immediate macroeconomic stress. Against the backdrop of global uncertainties, the domestic economy remains on a stable footing. Inflation has moderated…
Thiruvananthapuram, Jan 29 (IANS) Leader of the Opposition V.D. Satheesan on Thursday launched a scathing attack on the Kerala Budget presented by Finance Minister K.N. Balagopal, alleging that the State’s fiscal credibility had been “completely destroyed” and that the LDF government was merely shifting its financial burden to the next dispensation.Echoing the criticism, Indian Union Muslim League (IUML) leader P.K. Kunhalikutty termed the document “the best budget of a failed government.”…
New Delhi, Jan 29 (IANS) The Economic Survey for 2025-26, tabled in Parliament on Thursday, has raised India’s potential growth rate to 7.0 per cent, up from 6.5 per cent three years ago, as “sustained domestic reforms and public investment are lifting the economy’s underlying growth capacity” despite the global headwinds.“The expansion of infrastructure — illustrated by the doubling of the airport network over the past decade and the rapid growth of freight movement through inland wa…
Washington, Jan 29 (IANS) Federal Reserve Chair Jerome Powell said that higher US inflation is being driven mainly by tariffs on goods, not excess demand — an assessment that could shape expectations for global trade-linked economies. “These elevated readings largely reflect inflation in the goods sector, which has been boosted by the effects of tariffs,” Powell said on Wednesday (local time), while stressing that price pressures in services continue to ease.The Federal Open Market Committe…
Washington, Jan 29 (IANS) Bhutan’s economy is projected to grow a strong 7.4 per cent in FY2025/26 and remain sturdy in the following year, propelled by rising hydropower exports, a tourism rebound, and higher capital spending, the International Monetary Fund (IMF) has said.Inflation is expected to converge toward 4 per cent, anchored by the currency peg and the high import content of investment, according to the IMF Executive Board, which concluded its 2025 Article IV consultation with Bhutan…
Washington, Jan 29 (IANS) US Federal Reserve Chair Jerome Powell declined to comment on his future at the central bank during a wide-ranging press conference. Asked whether he has decided to remain as a Fed governor, Powell said: “No.” He added: “I really, once again, have nothing for you on that today.”Pressed on when a decision might come, Powell repeated that he had nothing to add.When asked why he might consider leaving, Powell declined again. “There’s a time and place for these …