Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
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New Delhi, April 8 (IANS) The US Dollar Index (DXY) slipped sharply on Wednesday, falling more than 1 per cent to around 98.58, as geopolitical uncertainty in the Middle East weighed on global markets.The latest declined put it on track to wipe out the gains it had made earlier in 2026.The drop comes at a time when global investors are closely watching developments in the Middle East.The index, which tracks the strength of the US dollar against a basket of six major currencies, is widely used as…
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) Prime Minister Narendra Modi on Tuesday said that as the West Asia conflict continues to escalate, it is essential that a “united voice of peace and dialogue” emanates from the Indian Parliament to the entire world. He said that India’s aim is to restore peace in the region through dialogue and diplomacy.Speaking in the Rajya Sabha on the ongoing West Asia conflict, PM Modi said, “We all are aware of the West Asia conflict… This conflict has been ongoing for over thr…
New Delhi, March 12 (IANS) The Ministry of External Affairs (MEA) said on Thursday that India has co-sponsored the Gulf Cooperation Council (GCC)-led resolution at the United Nations Security Council (UNSC) considering the welfare and well-being of large Indian diaspora in the GCC countries. Addressing a weekly media briefing on Thursday, MEA spokesperson Randhir Jaiswal stated that India has issued several statements on the ongoing conflict in West Asia and underlined the need for prioritising …
Islamabad, Jan 5 (IANS) People held a protest in the Landi Kotal area of Pakistan’s Khyber Pakhtunkhwa to demand an immediate reopening of the Torkham border, local media reported on Monday. Traders, transporters, tribal elders, daily wagers, activists of political parties and civil society were part of the protest held on Sunday under the banner of All Borders Coordinators Council.Representatives from various organisations and groups, who were directly impacted by the border shutdown with Afgha…
Kabul, Dec 29 (IANS) Vegetable market in Afghanistan’s Nangarhar remains unaffected even after Torkham crossing with Pakistan remaining shut for nearly three months, local media reported on Monday. Officials stated that there has been no major change in vegetable prices in the province and Nangarhar has become self-reliant in this sector. “The closure of the Torkham crossing has had no impact on fruits and vegetables. Even if the road remains closed, there will be no problem. We are now self-suf…