New Delhi, March 27 (IANS) Union Finance Minister Nirmala Sitharaman on Friday said the Centre’s decision to slash excise duty by Rs 10 on petrol and diesel was aimed at protecting citizens from the impact of rising global crude oil prices, asserting that the government has chosen to absorb the burden rather than pass it on to consumers.Addressing the media, Sitharaman said the move reflects Prime Minister Narendra Modi’s clear policy approach of ensuring price stability and adequate fuel su…
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Jaipur, March 26 (IANS) Rajasthan Leader of the Opposition Tikaram Jully on Thursday said the opposition stands firmly with the government during crises but stressed that transparency and public relief must remain top priorities.He was speaking after attending an all-party meeting convened by Chief Minister Bhajan Lal Sharma to review the situation arising from concerns over LPG and petrol supply amid the ongoing West Asia conflict.In a key statement, Jully s aid that during disasters or emergen…
New Delhi, March 26 (IANS): The Organisation for Economic Cooperation and Development (OECD) on Thursday pegged India’s GDP growth rate at 7.6 per cent for 2025-26, 6.1 per cent for 2026-27 and 6.4 per cent for 2027-28, with the country remaining the world’s fastest-growing major economy. The OECD’s interim Economic Outlook report states that conflict in the Middle East is testing the resilience of the global economy. The halt in shipments through the Strait of Hormuz and the closure and dam…
Seoul, March 26 (IANS) Market interest rates could face significant upward pressure if the conflict in the Middle East persists amid rising inflationary pressures and growing concerns about global monetary tightening, the central bank said on Thursday.The Bank of Korea (BOK) issued the warning in its latest financial stability report, as U.S.-Israeli strikes on Iran that began late last month have escalated into a broader regional conflict, reports Yonhap news agency.”If tensions in the Middle E…
Washington, March 26 (IANS) US President Donald Trump has cast his economic agenda as a direct relief plan for ordinary Americans, highlighting tax cuts, falling inflation and lower drug prices as key pillars of his administration’s pitch ahead of the midterm elections. Addressing a House Republican dinner on Wednesday (Local time), Trump said his administration was focused on reducing the cost of living through tax relief and deregulation.“As we rebuild the greatest economy in history, a to…
New Delhi, March 25 (IANS) The Congress on Wednesday launched a sharp attack on the Centre over rising fuel prices, LPG shortages, and Prime Minister Narendra Modi’s absence from key discussions, accusing the central government of ignoring pressing public concerns.Congress leader Pawan Khera said that ensuring easy access to LPG cylinders and curbing black marketing should be among the government’s top priorities.He stated that people in several parts of the country are being forced to stand…
New Delhi, March 25 (IANS) India’s growth remains resilient at an estimated 7.1 per cent for FY27, even as geopolitical tensions in the Middle East pose challenges to the broader Asia-Pacific region, according to a report by S&P Global on Wednesday.In its latest economic outlook, S&P Global has highlighted that India remains among the fastest-growing major economies, supported by strong domestic demand, steady exports, and a gradual recovery in private investment.S&P has projected …
Canberra, March 25 (IANS) Australia’s annual rate of inflation fell to 3.7 per cent in February, defying the expectation of economists who had forecast it would remain at 3.8 per cent.According to official data released by the Australian Bureau of Statistics (ABS) on Wednesday, the consumer price index (CPI) rose by 3.7 per cent in the year to February, down from the 3.8 per cent reported in December and January.The Australian Broadcasting Corporation reported earlier on Wednesday that financial…
New Delhi, March 24 (IANS) Aam Aadmi Party (AAP) Member of Parliament Malvinder Singh Kang on Tuesday criticised the Union Government while speaking on the Finance Bill 2026 in Lok Sabha, stating that the government’s claims of economic strength and reforms over the last decade stand completely disconnected from the ground reality. Kang said that while the Finance Minister has made tall claims about economic progress, the real picture of the country’s economy is deeply concerning.“If we lo…
New Delhi, March 24 (IANS) The decision to enter another IMF funding arrangement has been a subject of continuous debate in Pakistan, as the country has already gone to the multilateral lending institution as many as 24 times for bailout packages to restore its macroeconomic vulnerabilities.Pakistan’s economy has been growing in a “stop-start” pattern as it improves for a while, with these IMF programmes bringing some stabilisation in the short-term, but then worsens again as there is no susta…