New Delhi, Feb 8 (IANS) Prime Minister Narendra Modi on Sunday expressed confidence that his visit to Malaysia will boost economic and cultural linkages between two nations. PM Modi, who departed for India after concluding his two-day visit to Malaysia, expressed gratitude to his Malaysian counterpart, Anwar Ibrahim, and the people of Malaysia for the affection shown to him during the visit.Sharing the glimpses from his visit to Malaysia on X, PM Modi stated: “Last year, I was unable to visit Ma…
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Jaipur, Feb 2 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma said on Monday that under the visionary leadership of Prime Minister Narendra Modi, the country has been progressing steadily on the path of development with financial discipline and economic stability over the past 12 years. He described the Union Budget presented by Finance Minister Nirmala Sitharaman as one that will take the “nation from self-reliance to development, from potential to achievement, and from resolve to success”.Ad…
New Delhi, Feb 2 (IANS) The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India.The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors.”This year’s Budget has both predictable and futuristic elements. The predictable part is the basic stru…
New Delhi, Feb 1 (IANS) Industry leaders on Sunday welcomed the Union Budget 2026–27 for its emphasis on skilling, innovation, Electronics Component and Manufacturing Scheme (ECMS) and semiconductors, adding that it will make India a global electronics manufacturing hub.Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises called the Budget “bold” for combining growth with inclusion. The strong emphasis on skilling, alongside sustained investments in science, innovation, and research a…
Amaravati, Feb 1 (IANS) Andhra Pradesh Chief Minister Chandrababu Naidu has welcomed the Union Budget, terming it ‘well-balanced’ and ‘forward-looking’. He said that the Budget 2026-27, presented by Union Finance Minister Nirmala Sitharaman in the Parliament, reflects the aspirations of people for a fast-growing economy.Chandrababu Naidu, whose Telugu Desam Party (TDP) is a key partner in the BJP-led NDA government at the Centre, congratulated Prime Minister Narendra Modi and Finance Min…
Washington, Jan 30 (IANS) The US is positioning India as a key future partner in a new economic security framework aimed at securing global supply chains for artificial intelligence and advanced technologies, Under Secretary of State for Economic Affairs Jacob Helberg said on Friday. Speaking at the Hudson Institute, Helberg said Washington is preparing to expand its Pax Silica initiative. The effort is an economic security coalition focused on semiconductors, critical minerals, logistics and AI…
New Delhi, Jan 30 (IANS) The India-European Union free trade agreement (FTA) reflects a shared assessment that “more is at stake than trade alone” and signalled openness on negotiated terms in an era of “weaponised interdependence”, a report has said.The report from Euronews said the deal goes far beyond tariffs when “great powers are increasingly weaponising tariffs and exploiting supply-chain dependencies”.The agreement reflects the logic that “middle powers must build resilience together with…
New Delhi, Jan 30 (IANS) Prime Minister Narendra Modi on Friday highlighted that the historic India-EU free trade agreement fully aligns with the vision of making India a developed country.The Prime Minister referred to an article written by Commerce Minister Piyush Goyal stating that “the government has delivered a transformative agreement that expands markets, creates jobs and protects India’s core interests”.In the article, Goyal has stated that the India–EU free trade agreement is a hist…
Washington, Jan 29, (IANS) India remained among the United States’ key trading partners in November as the US trade deficit widened sharply, due to higher imports and a decline in exports, according to official data released on Thursday. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the U.S. goods and services trade deficit rose to $56.8 billion in November, nearly double the revised $29.2 billion recorded in October.A trade deficit occurs when a country imports more goo…
United Nations, Jan 22 (IANS) Foreign Direct Investment (FDI) in India surged by 73 per cent last year, bringing in $47 billion, according to UNCTAD.The increase was “mainly due to large investments in services — including finance, IT (information technology), and R&D (Research and Development) — as well as manufacturing, supported by policies aimed at integrating India into global supply chains”, the UN trade agency said in a report released on Tuesday.India’s FDI growth rate was am…