New Delhi, April 6 (IANS) India’s economic growth is expected to remain resilient in the face of rising global uncertainties, with GDP projected to expand at 6.7 per cent in FY27, a new report said on Monday.While ongoing geopolitical tensions in West Asia may create some challenges, the data compiled by CareEdge Ratings suggested that India’s macroeconomic fundamentals are strong enough to support steady growth.The analysis highlighted that the impact of the West Asia conflict on India will…
Latest inflation News & Updates
Islamabad, April 5 (IANS) Ahead of Pakistan Tehreek-e-Insaf’s (PTI) planned protest against increasing fuel prices and inflation, two roads leading to the Karachi Press Club (KPC) were shut on Sunday, with the police citing “security” reasons for the closure of the routes, media reported. In a statement issued, the Karachi Traffic Police (KTP) said both tracks of Din Mohammad Wafai Road were closed. It further mentioned that Sarwar Shaheed Road from the Coast Guard Officers’ Mess towards Angle C…
New Delhi, April 5 (IANS) The ongoing war in Iran is creating real economic pressures in Bangladesh, affecting fuel, fertiliser, freight, and foreign exchange, a report has said. While the country is geographically distant from the conflict, its highly connected economy is feeling the impact quickly, as per The Daily Star report.The main channel of this disruption is the Strait of Hormuz, through which about one-fifth of the world’s oil and LNG normally move.Any interruption in this route affe…
New Delhi, April 5 (IANS) Pakistan’s sharp increase in domestic petrol and diesel prices is being seen as an unavoidable response to rising global oil costs triggered by the ongoing US-Israel conflict with Iran, even as the move is expected to intensify inflationary pressures across the economy, a report has said.The Pakistan government recently raised petrol prices steeply before rolling back Rs 80 within 24 hours, after an earlier increase of Rs 137 had pushed rates to Rs 458 per litre, acco…
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
Patna, April 3 (IANS) Amid rising global tensions involving Iran, the United States, and Israel, concerns over fuel supply and inflation have intensified political reactions in Patna, where the Congress party staged a protest over the alleged LPG crisis.A large number of party workers, including many women, gathered at the Income Tax Roundabout to demonstrate against rising LPG prices and inflation.In a symbolic act, women placed empty gas cylinders on the road and garlanded them to express thei…
Islamabad, April 3 (IANS) Pakistan’s Human Rights Council (HRC) on Friday strongly criticised the government’s steep increase in petrol and diesel prices, warning that the move would further burden citizens already grappling with rising inflation and economic hardship.According to the rights body, the decision to take petroleum products to their historical highest levels comes at a time when the public is already grappling with severe inflation and economic pressure, raising fears that the p…
New Delhi, April 3 (IANS) Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week.According to them, the tone will be cautious and what will be eagerly awaited is RBI’s forecast of GDP and inflation under the prevailing uncertainty. “We do not expect any measures for either liquidity or currency management as RBI will do whenever req…
Seoul, April 3 (IANS) The government will take stern measures, including legal means, against malicious activities aimed at taking advantage of recent market volatility through the spread of fake news and rumours, a senior finance ministry official said on Friday.”Spreading unfounded fake news in a time of extraordinary crisis is a serious matter that can fuel market anxiety and undermine trust in policy,” Moon Ji-sung, deputy minister for international economic affairs, said while presiding ove…
New Delhi, April 2 (IANS) The Reserve Bank of India is unlikely to hike interest rates at its upcoming Monetary Policy Committee meeting next week unless crude oil prices sustain above $100 per barrel, a report said on Thursday.With “base case of oil averaging $80 per barrel in 2026, we expect no rate hikes”, an HSBC Global Investment Research report said, adding that an interest rate defence for the rupee could prove costly if the growth drag from higher oil prices becomes non-linear and intens…