Islamabad, April 9 (IANS) Prices of roti and chapati have increased in Pakistan’s Karachi as the country continues to experience a severe Liquified Petroleum Gas (LPG) crisis, further increasing financial burden on people who are already facing difficulty with inflation, local media reported on Thursday. Tandoor owners have hiked prices by Pakistani Rupees (PKR) five, citing higher production costs due to the rise in LPG price, which is widely used in the absence of natural gas, Pakistan’s leadi…
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Washington, April 9 (IANS) Bangladesh’s economy is expected to see a gradual recovery after a period of slowdown, supported by improving domestic demand and stabilising conditions, the World Bank said.Growth is projected at 3.9 per cent in fiscal year 2025-26, reflecting the impact of earlier political unrest and external pressures on economic activity, according to the World Bank’s latest assessment.The report said the economy is recovering from disruptions linked to political instability i…
Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday projected the country’s inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war.RBI Governor Sanjaya Malhotra said, “The pass-through of higher global energy prices has resulted in price increases in select fuels such as pr…
New Delhi, April 7 (IANS) A rate cut in this environment will be fairly difficult because of inflation pressures, so the RBI may stay at current rate levels, Anant Goenka, President of FICCI, said on Tuesday. Speaking to IANS on the sideline of an event, he noted that the ongoing geopolitical crisis “has had several adverse impacts in the form of logistics, cost increases, demand slowdown and long-term uncertainty” for Indian industry.”Industry is grappling with rising uncertainty as global …
New Delhi, April 7 (IANS) India’s headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI’s April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday.The report from Yes Bank said GDP growth is expected to moderate to about 7 per cent with downside risks if the US-Iran war persists.”Growth has remained resilient so far, supported by domestic demand – both private consumption demand and government’s capital e…
New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.”Current oil prices are 50 per cent above RBI’s assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening,” the report from SBI Mutual Funds said.The AMC firm noted metals and mining as sectoral…
New Delhi, April 7 (IANS) Global geopolitical tensions are beginning to weigh on India’s economic outlook, but the country is still expected to maintain steady growth as GDP growth expected at 6.2 per cent for FY2027, a report said on Tuesday.The data compiled by Morgan Stanley projected India’s growth, even as rising energy costs, supply disruptions, and external pressures pose fresh challenges.However, it is lower than earlier estimates of 6.5 per cent, the report stated. The downgrade ref…
Seoul, April 7 (IANS) Downside risks to the South Korean economy are increasing amid the prolonged conflict in the Middle East as rising global oil prices and supply chain disruptions could have broader negative impacts on prices, consumption and exports, a state-run think tank said on Tuesday.”The economy, which had shown a gradual recovery, is now facing heightened downside risks due to surging oil prices and growing global supply chain uncertainties stemming from the conflict in the Middle Ea…
New Delhi, April 6 (IANS) Moody’s Ratings on Monday maintained India’s sovereign credit rating at Baa3 with a stable outlook.In its latest report, the agency said India’s stable outlook reflects improving fiscal indicators since the pandemic and relatively resilient economic growth compared to other countries.It also noted that continued investments in infrastructure, digitalisation, and financial sector reforms have supported a steady recovery.However, Moody’s warned that rising geopoli…
New Delhi, April 6 (IANS) The reduction of Rs 80 per litre in petrol prices in Pakistan is nothing but a “populist move” by a government struggling to balance emerging economic constraints and domestic political compulsions, a new report has said.New Delhi, April 6 (IANS) The reduction of Rs 80 per litre in petrol prices in Pakistan is nothing but a “populist move” by a government struggling to balance emerging economic constraints and domestic political compulsions, a new report has sai…